What A.M. Best rating is required for the insurance company providing coverage to a Bft franchise?

According to Bft's 2025 Franchise Disclosure Document, any insurance policies must be written by an insurance company licensed in the state in which the franchisee operates their studio. Furthermore, the insurance company must have at least an "A" Rating Classification as indicated in A.M. Best's Key Rating Guide.

This requirement ensures that Bft franchisees obtain insurance coverage from reputable and financially stable providers. A.M. Best ratings are widely recognized as an indicator of an insurance company's financial strength and ability to meet its obligations to policyholders. By mandating a minimum "A" rating, Bft aims to protect its franchisees from potential losses due to insurer insolvency or inability to pay claims.

However, Bft retains the right to modify these insurance requirements over time. The FDD states that Bft can upgrade insurance requirements or lower the required amounts regarding policy limits, deductibles, scope of coverage, or rating of carriers in response to current industry standards, market conditions, and/or landlord requirements. Franchisees are obligated to revise their coverage within sixty days of receiving notice from Bft regarding any such changes. This flexibility allows Bft to adapt to changing circumstances and ensure that franchisees maintain adequate coverage while remaining competitive.