What is the estimated cost range for 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 figures provided for insurance are based on estimated average premiums calculated by insurance brokers designated by Brain Balance. These brokers have negotiated rates nationally for the first year's premium.
The insurance coverage includes Commercial general liability and Professional Liability coverage, with a limit of $1,000,000 per occurrence and $3,000,000 in the aggregate for education services. It also covers commercial automobile liability insurance for vehicles owned, non-owned, or hired by the Brain Balance franchise, providing bodily injury and property damage coverage. Additionally, the insurance includes Employment Practices Liability Insurance (EPLI), and workers compensation and disability insurance, if required.
Prospective franchisees should note that these figures are estimates and can vary. It is important to review Item 8 of the FDD for further details on insurance requirements and to consult with insurance professionals to obtain accurate quotes for their specific circumstances and location. Understanding the full scope of required insurance coverage is crucial for managing risk and ensuring compliance with Brain Balance's standards.