Does Punch King Fitness carry general liability insurance or is it self-insured?

According to Punch King Fitness's 2024 Franchise Disclosure Document, Punch King Fitness does not carry general liability insurance, nor is it self-insured. This means that Punch King Fitness does not have an active insurance policy to cover potential liability claims, nor does it have a dedicated fund to cover such claims.

For a prospective franchisee, this is a significant risk factor. If a customer or employee is injured at a Punch King Fitness location and sues, the franchisee could be held liable for damages. Without the franchisor's insurance coverage, the franchisee would be solely responsible for covering legal costs, settlements, or judgments.

Typically, franchisors maintain general liability insurance to protect both themselves and their franchisees from unforeseen incidents. The fact that Punch King Fitness does not carry this type of insurance is unusual and increases the financial risk for franchisees. Prospective franchisees should carefully consider this lack of coverage and consult with an insurance professional to determine appropriate coverage levels and costs to protect their investment.