What is the aggregate coverage amount for commercial general liability and professional liability insurance for a Brain Balance center?
Brain_Balance Franchise · 2025 FDDAnswer from 2025 FDD Document
mercial space would need to be approved through us.
- Note 6: The figures in the chart are based upon the estimated average premiums calculated by the insurance brokers designated by us who have negotiated rates with carriers nationally as first years' premium for Commercial general liability and Professional Liability coverage, including, but not limited to, education services ($1,000,000 per occurrence and $3,000,000 in the aggregate), commercial automobile liability insurance covering vehicles that are owned, nonowned, or hired by the Franchised Business, providing bodily injury and property damage, Employment Practices Liability Insurance ("EPLI"), and workers compensatio
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 19–30)
What This Means (2025 FDD)
According to Brain Balance's 2025 Franchise Disclosure Document, the estimated average premium for the first year includes Commercial general liability and Professional Liability coverage with $1,000,000 per occurrence and $3,000,000 in the aggregate. This insurance coverage also extends to education services.
This means that Brain Balance franchisees are expected to maintain a certain level of insurance coverage to protect against potential liabilities. The $1,000,000 per occurrence limit means that for any single incident, the insurance will cover up to that amount. The $3,000,000 aggregate limit is the total amount the insurance will pay out over the policy period, regardless of the number of incidents.
Franchisees should factor the cost of these insurance premiums into their initial investment and ongoing operating expenses. It is important to consult with qualified insurance brokers to ensure that the coverage meets the specific needs and risk profile of their Brain Balance center. Franchisees should also be aware that these are estimated average premiums, and actual costs may vary based on factors such as location, claims history, and the specific insurance carrier.