Can the Gokhale Method franchisor revise the insurance requirements for franchisees?

According to the 2024 Gokhale Method Franchise Disclosure Document, Gokhale Method has the right to modify the minimum insurance policy limits and endorsements for franchisees.

Specifically, Gokhale Method retains the authority to make changes to the minimum policy limits and endorsements as it deems reasonable. These changes can be implemented from time to time. This means that a franchisee's insurance costs could potentially increase during the term of the agreement if Gokhale Method decides to raise the minimum coverage requirements.

Prospective franchisees should be aware of this provision and factor in the potential for increased insurance expenses when evaluating the financial feasibility of the franchise. It would be prudent to discuss with Gokhale Method how frequently these insurance requirements have been adjusted in the past and what factors might trigger future adjustments. Understanding the franchisor's historical practices and rationale for insurance adjustments can help a franchisee better anticipate and manage these costs.