What is the Degree Wellness franchisee's obligation regarding insurance coverage beyond the minimum requirements specified by the franchisor?

According to Degree Wellness's 2025 Franchise Disclosure Document, franchisees are advised to consult with their own insurance professionals to determine if they need or desire additional insurance coverage beyond the minimum requirements set by Degree Wellness. While Degree Wellness specifies minimum coverage limits, it acknowledges that these may not be sufficient for every franchisee's individual circumstances.

Degree Wellness mandates that franchisees obtain and maintain specific insurance coverage, including comprehensive commercial general liability and motor vehicle liability insurance with minimum liability coverage of $1,000,000 per occurrence and $3,000,000 in the aggregate. They must also have worker's compensation and employer's liability insurance as required by law, and professional liability (malpractice) insurance for each doctor practicing in the franchise business.

The cost of premiums will vary based on the insurance carrier's charges, payment terms, and the franchisee's insurance and payment histories. Degree Wellness also requires a dedicated high-speed internet connection for remote access and information retrieval, but does not specify a particular internet supplier. Franchisees are responsible for ensuring they have adequate coverage to protect their business and assets, taking into account their specific risk profile and local regulations.