What insurance rating is required for the insurance carrier providing coverage to a Best Western member?
Best_Western Franchise · 2025 FDDAnswer from 2025 FDD Document
- D.
Is issued by an insurance carrier which is rated no lower than "B+" in the most current edition of A.M.
Best's Key Rating Guide and is licensed to do business in the state in which the Member is domiciled.
Any other insurance carriers, risk prevention groups, captive insurance companies or liability insuring entities must be approved by the Best Western Board before submitting the Certificate of Insurance to Best Western.
Approval shall be at the Board of Directors' sole discretion.
Source: Item 23 — Receipts (FDD pages 108–413)
What This Means (2025 FDD)
According to Best Western's 2025 Franchise Disclosure Document, Best Western requires that all members maintain specific insurance policies. These policies must be issued by an insurance carrier with a minimum rating.
The insurance carrier must be rated no lower than "B+" in the most current edition of A.M. Best's Key Rating Guide. Additionally, the insurance carrier must be licensed to conduct business in the state where the Best Western member is located.
Any alternative insurance carriers, risk prevention groups, captive insurance companies, or liability insuring entities must receive approval from the Best Western Board before the member submits a Certificate of Insurance to Best Western. The approval of these alternative entities is at the sole discretion of Best Western's Board of Directors.