What is the minimum required Cyberliability coverage amount for a Brain Balance franchise?

According to Brain Balance's 2025 Franchise Disclosure Document, franchisees must maintain Cyberliability coverage of at least $500,000. However, Brain Balance recommends that franchisees consult with their insurance broker to evaluate whether they should have higher coverage. This suggests that while $500,000 is the minimum, the specific needs of the center might warrant a higher coverage amount.

In addition to Cyberliability coverage, Brain Balance requires franchisees to obtain several other types of insurance, including Comprehensive Commercial General Liability Insurance, Professional Liability coverage, Abuse & Molestation coverage, Employment Practices Liability Insurance, and Commercial automobile liability insurance. The specific amounts for these coverages are also detailed in the FDD. Franchisees are generally required to obtain these policies through Brain Balance's preferred insurance vendors, although exceptions may be made based on local laws or regulations.

It is important for prospective Brain Balance franchisees to carefully review the insurance requirements outlined in the FDD and consult with an insurance professional to determine the appropriate level of coverage for their specific circumstances. Failing to maintain the required insurance coverage can result in the franchisor procuring insurance on the franchisee's behalf, with the franchisee responsible for reimbursing all costs, or it may be considered a default of the Franchise Agreement, potentially leading to penalties.