For a Bonchon franchise, what is the broad form of comprehensive general liability insurance required?

According to Bonchon's 2025 Franchise Disclosure Document, franchisees must obtain broad form comprehensive general liability insurance and broad form contractual liability coverage. This insurance must have at least $2,000,000 in aggregate coverage and $1,000,000 per occurrence.

This insurance policy cannot have a deductible or self-insured retention exceeding $5,000. This means that for any claim, the franchisee will be responsible for paying up to $5,000 before the insurance coverage kicks in.

Bonchon also requires that they (including their parent companies, subsidiaries, affiliates, officers, directors, owners, agents, representatives, and employees) be named as additional insureds on the policy, with a waiver of subrogation in Bonchon's favor. This protects Bonchon from claims arising from the franchisee's products and operations. The policy must act as the primary insurance and cannot limit coverage for tort liabilities assumed in the Franchise Agreement. Bonchon must receive 30 days' written notice before any changes or cancellation of the policy. If a franchisee fails to secure the required insurance, Bonchon has the option to obtain it on their behalf, and the franchisee is responsible for reimbursing Bonchon for the premiums.