Can an Angry Chickz franchisee purchase insurance from any carrier, or are there restrictions?

All policies must name us as an additional named insured. You may obtain additional insurance coverage as you feel necessary. You may purchase your insurance from any carrier subject to our approval, not to be unreasonably withheld. All insurance policies will be issued by a company or companies with a minimum A.M. Best's rating of A- at policy inception, and authorized to do business in the state in which the Restaurant is located.

You must obtain and maintain the at least following insurance:

• commercial general liability insurance, written on an occurrence basis, extended to include contractual liability, products and completed operations, and personal and advertising injury (with full assault and battery coverage), with a combined bodily injury and property damage limit of at least $2,000,000 in the aggregate and $1,000,000 per occurrence;

• statutory workers' compensation insurance and employer's liability insurance for a minimum limit equal to the greater of $100,000 or the amounts required as underlying by your umbrella carrier, as well as such other disability benefits type insurance as may be required by statute or rule of the state in which the Franchised Business is located;

• commercial umbrella liability insurance with total liability limit of at least $5,000,000 (with foodborne illness coverage included);

• property insurance providing coverage for direct physical loss or damage to real and personal property (as well as electronic equipment such as point of sales, menu board, and other equipment) for all risk perils, including the perils of flood and earthquake that values property (real and personal) on a new replacement cost basis without deduction for depreciation and the amount of insurance shall not be less than 90% of the full replacement value of the Franchised Business, its furniture, fixtures, equipment, and stock (real and personal property);

• comprehensive automobile liability insurance, including owned, non-owned and hired car coverage providing third party liability insurance, covering all licensed vehicles owned or operated by or on your behalf, with limits of liability not less than $1,000,000 combined single limit for both bodily injury and property damage;

• data theft and cybersecurity coverage with limits of liability not less than $1,000,000 combined single limit;

• employment practices liability insurance with limits of liability not less than $1,000,000 combined single limit;

• director and officer coverage for your executives and board of directors (or equivalent if you are an entity that is not a corporation);

• any other insurance coverage that is required by federal, state, or municipal law; and

• any contractors and subcontractors that you engage must carry the same amount or greater coverage and name the us and you as additional insured parties.

Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 18–23)