Are the deductible amounts for insurance policies at a Degree Wellness franchise subject to review and approval?

According to Degree Wellness's 2025 Franchise Disclosure Document, the deductible amounts for insurance policies are subject to review and written approval by Degree Wellness. This means that as a franchisee, you cannot simply choose any deductible amount for your insurance policies. Degree Wellness has the right to assess whether the deductible is reasonable and to approve or disapprove it in writing.

This requirement ensures that franchisees maintain adequate insurance coverage and do not select excessively high deductibles that could leave them financially vulnerable in the event of a claim. It also protects Degree Wellness's brand and reputation by ensuring that franchisees have sufficient resources to cover potential liabilities.

As a prospective franchisee, it is important to discuss insurance requirements with Degree Wellness during your due diligence. You should inquire about the specific types of insurance policies required, the minimum coverage amounts, and the criteria used to evaluate the reasonableness of deductibles. Understanding these requirements upfront will help you budget for insurance costs and avoid potential conflicts with Degree Wellness later on.

Typical franchise agreements often include insurance requirements to protect both the franchisee and franchisor. The franchisor's approval of deductible amounts is a common practice aimed at ensuring adequate risk management across the franchise system. Franchisees should consult with insurance professionals to determine appropriate coverage levels and deductible amounts that meet both the franchisor's requirements and their own risk tolerance.