What is the minimum limit for glass coverage required in Bft's property insurance?

According to Bft's 2025 Franchise Disclosure Document, franchisees must maintain property insurance that includes glass coverage with a limit of not less than $25,000. This insurance must be written on a special causes of loss coverage form and cover the current replacement cost of the studio's business personal property, including furniture, fixtures, equipment, and leasehold improvements.

In practical terms, this means a Bft franchisee needs to secure property insurance that specifically includes at least $25,000 in coverage for any glass breakage or damage at their studio. This could include windows, mirrors, or any other glass fixtures. The policy must also cover the replacement cost of all business personal property and leasehold improvements, ensuring that the studio can be restored to its original condition in the event of a covered loss.

Bft also requires that the insurance company providing the coverage be licensed in the state where the studio operates and have an "A" Rating Classification as indicated in A.M. Best's Key Rating Guide. Furthermore, Bft and its affiliates must be included as Additional Insureds on the studio's Commercial General Liability policy. This ensures that Bft is protected from liability related to the franchisee's operations.

It is important for prospective franchisees to factor in the cost of this insurance coverage when evaluating the overall investment required to open and operate a Bft franchise. They should also consult with an insurance professional to ensure they obtain the appropriate coverage to meet Bft's requirements and adequately protect their business.