What is the estimated aggregate annual premium for the required insurance coverage for a Benihana restaurant?

depending upon the jurisdiction.

• (5) You are obligated under the Franchise Agreement to obtain and keep in effect insurance (both for your and our benefit) as may be required by law or as we may designate. You must obtain and maintain through the term of the Franchise Agreement: (i) comprehensive general liability insurance (with products, completed operations, and contractual liability and independent contractors and escalators coverage) and comprehensive motor vehicle insurance (for owned and non-owned vehicles) against claims for bodily and personal injury, death, and property damage caused by or occurring in conjunction with the operation of the BENIHANA Restaurant (or otherwise in conjunction with your conduct of business under the Franchise Agreement) under one or more policies of insurance, each on an occurrence basis, with single-limit coverage for personal and bodily injury, death and property damage of at least $5,000,000 (or such other amount as we reasonably require); (ii) all-risk building and contents insurance including fire, flood and earthquake, vandalism, and theft insurance for the replacement value of the BENIHANA Restaurant and its contents; (iii) business interruption insurance for a period adequate to reestablish normal business operations; (iv) builders' risk insurance on a completed value non-reporting basis during the period of any remodeling of the BENIHANA Restaurant; and (v) workers' compensation insurance in such amount as may be required by applicable statute or rule. The aggregate annual premiums for insurance are estimated to be $50,000. You will need to negotiate payment terms directly with the insurance carriers. You must have us listed as an additional insu

Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 21–28)