What is the deductible requirement for automobile insurance for a Creative World School franchise?

According to Creative World School's 2025 Franchise Disclosure Document, franchisees must maintain automobile insurance with a deductible of $1,000 or less. The minimum requirement for automobile insurance is $1M per accident.

This requirement ensures that franchisees have adequate financial protection in case of vehicle-related accidents. By setting a maximum deductible, Creative World School aims to limit the franchisee's out-of-pocket expenses in the event of a claim. Franchisees are responsible for obtaining and maintaining this insurance coverage, and must provide copies of all insurance policies to Creative World School, naming them as an additional insured party.

Creative World School specifies that these insurance standards are minimum requirements, advising franchisees to consult with their insurance agent or broker to determine if additional coverage is necessary or appropriate for their specific circumstances. The cost of insurance coverage can vary based on the insurance carrier's charges, payment terms, and the franchisee's history. This allows franchisees to tailor their insurance coverage to their individual needs and risk tolerance, while still meeting the minimum standards set by Creative World School.