Does Degree Wellness require written approval of the deductible amounts for insurance policies?

According to Degree Wellness's 2025 Franchise Disclosure Document, the deductible amounts for insurance policies must be in reasonable amounts and 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 must provide written approval.

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 interests, as the franchisor is often named as an additional insured on the franchisee's policies.

As a prospective franchisee, it is important to discuss insurance requirements with Degree Wellness to understand what deductible amounts are considered reasonable. You should also factor in the potential cost of insurance premiums when evaluating the overall financial investment of the franchise. Be sure to request examples of acceptable deductible amounts during your due diligence to avoid potential conflicts later on.