How will Bft notify franchise owners of changes to required insurance coverages or policies?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
As a Franchise owner, you are required to obtain and maintain, at your sole expense, the required insurance coverages as prescribed in your Franchise Agreement and/or our Learning Management System. We may amend, modify, supplement or otherwise change the coverages or policies required below upon thirty (30) days' written notice to you (or such a shorter period of time that we determine appropriate if a health/safety or infringementrelated issue) via the Learning Management System or otherwise. While the specifications and standards for such coverages may vary depending on the size of your Studio and/ or other factors, such as what is customary for businesses of your type in your area, as of the date of this Disclosure Document, we typically require the following coverages:
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 32–36)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, Bft may modify the required insurance coverages or policies. Bft will notify franchisees of these changes via the Learning Management System or otherwise in writing. Franchisees will receive thirty days' written notice before the changes take effect. However, if Bft determines there is a health/safety or infringement-related issue, they may provide a shorter notice period.
Bft requires franchisees to obtain and maintain specific insurance coverages at their own expense. These coverages include Commercial General Liability, Automobile Liability, Workers Compensation, Property insurance, and Employment Practices Liability. The specifications and standards for these coverages may vary based on the size of the studio or what is customary for businesses in the area.
This policy ensures that Bft franchisees are adequately insured, protecting both the franchisee and the Bft brand from potential liabilities. Franchisees should stay informed about any changes communicated through the Learning Management System to maintain compliance and avoid any disruptions to their business operations.