Where can I find additional information about the insurance requirements for a HealthSource Chiropractic franchise?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
- (12) You must obtain and maintain, at your own expense, the insurance coverage that we periodically require (including but not limited to comprehensive commercial general liability and motor vehicle insurance, worker's compensation and employer's liability insurance, professional liability (malpractice) insurance and any other insurance required by applicable law, rule, regulation, ordinance or licensing requirement), and satisfy other insurance-related obligations.
See Item 8 for additional information about our insurance requirements.
Source: Item 7 — Estimated Initial Investment (FDD pages 24–28)
What This Means (2025 FDD)
According to HealthSource Chiropractic's 2025 Franchise Disclosure Document, Item 7 provides an overview of the estimated initial investment, including insurance costs. Specifically, footnote (12) in Item 7 directs prospective franchisees to Item 8 for more detailed information regarding the insurance requirements. This suggests that Item 8 of the FDD will outline the specific types and amounts of insurance coverage HealthSource Chiropractic requires franchisees to maintain.
The estimated initial investment table in Item 7 lists insurance costs ranging from $2,100 to $5,300 for both conversion and start-up clinics. This figure represents the anticipated cost of insurance coverage before opening the franchise. It is important to note that franchisees are responsible for obtaining and maintaining the required insurance coverage at their own expense.
Given that Item 8 contains the detailed insurance requirements, prospective HealthSource Chiropractic franchisees should carefully review that section of the FDD. Understanding these requirements is crucial for budgeting and ensuring compliance with HealthSource Chiropractic's standards and applicable laws.