What is the minimum amount of aggregate insurance coverage for education services that Brain Balance requires?
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 the 2025 Brain Balance Franchise Disclosure Document, franchisees must maintain certain insurance coverage, including professional liability coverage for education services. The minimum required coverage is $1,000,000 per occurrence and $3,000,000 in the aggregate.
This insurance coverage is intended to protect both the franchisee and Brain Balance from potential financial losses due to claims or lawsuits related to the educational services provided at the center. The franchisor has negotiated rates with insurance brokers nationally to estimate the average premiums for these policies.
Prospective franchisees should factor these insurance costs into their initial investment and ongoing operating expenses. It is important to consult with the insurance brokers designated by Brain Balance to obtain accurate quotes and ensure that the required coverage levels are met. Franchisees should also understand the terms and conditions of the insurance policies, including any exclusions or limitations, to ensure they are adequately protected.