What documentation will Management Company provide to the Degree Wellness Licensed Provider regarding insurance?

According to Degree Wellness's 2025 Franchise Disclosure Document, the Management Company has specific obligations to provide insurance-related documentation to the Licensed Provider. Upon execution of the agreement, the Management Company will provide certificates and copies of additional insured endorsements, evidencing the existence of insurance. This documentation will also be provided from time to time upon demand of Management Company.

Furthermore, the Management Company must provide copies of the insurance policies, along with all applicable endorsements, upon the Licensed Provider's request, stating a valid reason such as a claim being filed. This ensures that the Licensed Provider has access to the necessary documentation to understand the scope and coverage of the insurance policies in place.

It is important to note that while the Management Company provides these documents, the Licensed Provider is still responsible for any losses, damages, or contractual liabilities to third parties arising from the Licensed Provider Services or the operation of the studio. The insurance maintained by the Management Company is primarily for its own protection, and the Licensed Provider should consult with their own insurance agents to determine the appropriate level of coverage needed for their specific circumstances.