What is the minimum combined single limit required for Automobile Liability insurance for any owned, hired, or non-owned automobile used in a Bonchon business?

of the previous month.

• [4] You must obtain and maintain the following insurance:
  • 1. Broad form comprehensive general liability insurance, and broad form contractual liability coverage of at least $2,000,000 aggregate and at least $1,000,000 per occurrence. This insurance may not have a deductible or self-insured retention of more than $5,000;
  • 1. Special cause of loss coverage forms (sometimes called "All Risk Coverage") on your Bonchon Restaurant and all fixtures, equipment, supplies and other property used in the operation of the Restaurant, for full repair and replacement value of the machinery, equipment and improvements, including full coverage for loss of income resulting from damage to the Restaurant;
  • 1. Dram Shop Liquor Liability Insurance with limits not less than $1,000,000 per occurrence and in the aggregate.
  • 1. Business Interruption Insurance in sufficient amounts to cover your Bonchon Restaurant rental expenses, maintenance of competent personnel and other fixed expenses (including payment of Continuing Royalties to us) for a minimum 12 months' loss of income;
  • 1. Automobile Liability insurance with a combined single limit of $1,000,000 for any owned, hired, or non-owned automobile used in your business;
  • 1. Workers Compensation Insurance providing Statutory Benefits, as required by applicable state law, and Employer's Liability Insurance: Bodily Injury by Accident $1,000,000 Each Accident; Bodily Injury by Disease $1,000,000 Policy Limit; Bodily Injury by Disease $1,000,000 Each Employee. The Workers Compensation policy coverage shall include coverage for all states in which operations are conducted;
  • 1. Builders' and/or contractor's insurance and performance and completion bonds in forms and amounts acceptable to us;
  • 1. Insurance coverage of types, nature and scope sufficient to satisfy your indemnification obligations under the Franchise Agreement (including, without limitation, insurance coverage to indemnify us from any claims alleging your violation of federal, state or local labor and/or wage and hour laws, rules or regulations);
  • 1. Umbrella/Excess liability policy with limits not less than $2,000,000 per occurrence and in the aggregate;
  • 1. Employment practices liability insurance with a limit of not less than $250,000 (claims made policy form is acceptable); and
  • 1. All other insurance required under applicable state

Source: Item 6 — OTHER FEES (FDD pages 13–24)