Under what circumstances might Fitstop approve an insurance company that doesn't meet the standard requirements?

According to Fitstop's 2024 Franchise Disclosure Document, franchisees are generally required to obtain insurance policies from a reputable insurance company licensed in the state where their franchise is located. This company should have a Financial Size Category equal to or greater than IX and a Policyholders Rating of "A+" or "A", as assigned by Alfred M. Best and Company, Inc.

However, Fitstop retains the discretion to approve an insurance company that does not meet these standard requirements. The FDD does not specify the exact circumstances under which Fitstop might grant such an exception.

Prospective Fitstop franchisees should discuss with Fitstop what specific situations might warrant an exception to the standard insurance requirements. Understanding the criteria Fitstop uses to evaluate alternative insurance providers is crucial for ensuring compliance and managing risk effectively.