Can the minimum policy limits and endorsements for Gokhale Method franchisee insurance be changed?

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.

The FDD states that Gokhale Method retains the authority to make changes to the minimum policy limits and endorsements as they deem necessary within their reasonable discretion. This means that while franchisees are required to maintain specific insurance coverage, the franchisor can adjust the required coverage amounts and policy terms over time.

For a prospective Gokhale Method franchisee, this implies that insurance costs could fluctuate during the term of the agreement if the franchisor increases the minimum policy limits or adds endorsements. It is important for franchisees to stay informed of any changes to the insurance requirements and to factor in potential cost increases when budgeting for their business. Franchisees should consult the Teachers' Manual or Policy Statements for the most up-to-date insurance requirements.