What does the commercial automobile liability insurance for a Brain Balance Franchised Business cover?
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 d
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 19–30)
What This Means (2025 FDD)
According to Brain Balance's 2025 Franchise Disclosure Document, commercial automobile liability insurance covers vehicles that the franchised business owns, does not own, or hires. This insurance provides coverage for bodily injury and property damage.
For a prospective Brain Balance franchisee, this means that the insurance must cover any vehicle used for business purposes, regardless of whether the franchisee owns the vehicle, leases it, or hires it for specific tasks. The policy is designed to protect against financial losses resulting from accidents where someone is injured or property is damaged.
It is important for franchisees to understand the scope of this coverage and ensure that their policy adequately protects their business from potential liabilities related to vehicle use. Franchisees should consult with the insurance brokers designated by Brain Balance to secure appropriate coverage and understand the specific terms and conditions of the policy.