What rating must the insurers providing policies to a Circle K franchisee have from A.M. Best?

According to Circle K's 2025 Franchise Disclosure Document, insurance policies obtained by franchisees must be provided by insurers with an A.M. Best Rating of A- VIII or better. This requirement ensures that the insurance companies Circle K franchisees use are financially stable and capable of meeting their obligations.

This requirement protects both the franchisee and Circle K by ensuring that adequate insurance coverage is in place. Should an insurable event occur, a financially sound insurer is more likely to promptly and fully cover the associated costs, minimizing potential financial strain on the franchisee and safeguarding Circle K's brand reputation.

Franchisees are also responsible for all deductibles under the required insurance policies, and Circle K may permit self-insurance with prior written approval. Circle K retains the exclusive right to accept or deny a franchisee's request to self-insure, giving Circle K control over the risk management strategies employed by its franchisees.