What is the maximum deductible allowed for most insurance policies required for a Caring Transitions franchise?

According to Caring Transitions' 2025 Franchise Disclosure Document, franchisees are generally required to maintain various insurance policies. Except for Workers' Compensation Insurance, these policies must have a deductible of no more than $1,000.

This requirement means that for most insurance claims, a Caring Transitions franchisee will be responsible for paying up to $1,000 out-of-pocket before the insurance coverage kicks in. This deductible applies to policies like Commercial General Liability Insurance and Automobile Liability Insurance, which the FDD states must have minimum coverage limits of $1,000,000 per occurrence.

Caring Transitions also retains the right to decrease the maximum deductible amount with 30 days written notice to the franchisee. This provision allows Caring Transitions to adjust insurance requirements in response to changing market conditions or increased liability concerns. Franchisees should factor this potential out-of-pocket expense into their financial planning and business operations.

It is important for prospective franchisees to consult with insurance professionals to understand the specific types and levels of coverage needed for their Caring Transitions business, as well as to shop for policies that offer the required coverage with a deductible at or below the specified maximum.