On what page of the Body20 FDD can I find information about insurance requirements?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
These insurance policies must be in effect on or before the deadlines we specify.
All coverage must be on an "occurrence" basis,
except for the employment practices liability insurance coverage, which is on a "claims made" basis. All policies shall apply on a primary and non-contributory basis to any other insurance or self-insurance that we or our Affiliates maintain. All general liability and workers' compensation coverage must provide for waiver of subrogation in favor of us and our Affiliates. We may, upon at least 60 days' notice to you, periodically increase the amounts of coverage required and/or require different or additional insurance coverage at any time to reflect inflation, identification of new risks, changes in law or standards of liability, higher damage awards or other relevant changes in circumstances. All insurance policies must name us and any Affiliates we designate as an additional insured and provide for 30 days' prior written notice to us of a policy's material modification or cancellation. You agree periodically to send us a valid certificate of insurance or duplicate insurance policy evidencing that you have maintained the required coverage and paid the applicable premiums. If you fail to obtain or maintain (or to prove that you have obtained or maintained) the insurance we specify, in addition to our other remedies, we may (but need not) obtain such insurance for you and the Studio on your behalf, in which event you shall cooperate with us, and we may charge you up to 120% of our and our affiliates' costs and epenses related to obtaining and maintaining the insurance.
Source: Item 23 — RECEIPT (FDD pages 74–251)
What This Means (2025 FDD)
According to the 2025 Body20 Franchise Disclosure Document, information regarding insurance requirements can be found in Item 23. The FDD states that Body20 franchisees are required to maintain specific insurance policies, potentially including general liability and worker's compensation.
The insurance policies must be in effect by the deadlines Body20 specifies. Coverage must be on an "occurrence" basis, except for employment practices liability insurance, which can be on a "claims made" basis. All policies should apply on a primary and non-contributory basis to any other insurance held by Body20 or its affiliates, and general liability and worker's compensation coverage must provide a waiver of subrogation in favor of Body20 and its affiliates.
Body20 retains the right to increase coverage amounts or require different/additional insurance with 60 days' notice to reflect inflation, new risks, or changes in legal standards. All insurance policies must name Body20 and its affiliates as additional insured and provide 30 days' prior written notice of material modification or cancellation. Franchisees must periodically send Body20 a valid certificate of insurance or duplicate policy as proof of coverage and premium payments.
If a Body20 franchisee fails to maintain the required insurance, Body20 has the option to obtain the insurance on behalf of the franchisee and charge them up to 120% of the costs incurred. This highlights the importance of understanding and adhering to the insurance requirements outlined in the FDD and franchise agreement.