What should a prospective Bft franchisee do before signing any binding documents related to insurance?

According to Bft's 2025 Franchise Disclosure Document, a prospective franchisee should seek advice from their own insurance professional before signing any binding documents, making investments, or other commitments, whether to Bft or anyone else. This recommendation is explicitly stated within the context of discussing insurance costs in Item 7.

Bft estimates that the annual premium for the minimum required insurance will range from $5,017 to $9,826. However, the actual insurance costs can vary significantly based on factors such as the location of the studio, the franchisee's experience with the insurance carrier, the loss experience of the carrier, the amount of deductibles and coverage, and other factors beyond Bft's control.

Given the variability in insurance costs and the potential impact on the franchisee's financial obligations, it is crucial to consult with an insurance professional. This expert can provide tailored advice based on the franchisee's specific circumstances and help them understand the different coverage options and associated costs. This proactive approach can help the franchisee make informed decisions and avoid potential financial pitfalls.