With whom have the insurance brokers designated by Brain Balance negotiated rates?
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 insurance brokers designated by Brain Balance have negotiated rates with carriers nationally. These negotiated rates are used to calculate the estimated average premiums for the first year of coverage. The insurance coverage includes Commercial general liability and Professional Liability coverage, with limits of $1,000,000 per occurrence and $3,000,000 in the aggregate.
Additionally, the negotiated rates extend to commercial automobile liability insurance, covering vehicles owned, non-owned, or hired by the Brain Balance franchise, providing bodily injury and property damage coverage. The rates also include Employment Practices Liability Insurance (EPLI) and workers compensation and disability insurance, if required by law.
For a prospective franchisee, this means that Brain Balance has taken steps to help them secure necessary insurance coverage at potentially favorable rates. However, franchisees should still independently verify these rates and coverage options to ensure they meet their specific needs and comply with all applicable legal requirements. It is also important to note that these are estimated average premiums, and actual costs may vary.