Is cyber insurance required for technology disruptions for a Best In Class Education Center?

According to the 2025 Best In Class Education Center FDD, franchisees may be required to obtain and maintain cyber insurance and business interruption insurance for technology disruptions. This requirement is not absolute, but is triggered "upon request" by Best In Class Education Center.

This means that as a Best In Class Education Center franchisee, you may need to budget for these insurance policies. The FDD does not specify the coverage amounts or policy terms that Best In Class Education Center might require. It is important to note that franchisees are solely responsible for protecting against computer viruses, bugs, power disruptions, communication line disruptions, internet access failures, internet content failures, date-related problems, and attacks by unauthorized persons.

Prospective franchisees should discuss with Best In Class Education Center the specific circumstances under which cyber and business interruption insurance would be mandated, the typical coverage levels required, and the process for selecting an appropriate insurance provider. Understanding these requirements is crucial for assessing the overall cost and risk associated with operating a Best In Class Education Center franchise.