Within how many days of executing the Franchise Agreement must a Bonchon franchisee purchase the required insurance coverage?

x" dollars for every "x" dollar amount the customer spends in gift card purchases). You may not offer any coupon without our prior written approval. You are required to use our designated gift card service provider and gift card supplies vendor as a condition of participating in our gift card program.

9. INSURANCE

9.01 Your Required Insurance Coverage

• A. Within ten days following our execution of this Agreement, and thereafter at all times throughout the term of this Agreement, you agree to purchase at your own expense, and maintain in effect at all times, the following categories of insurance coverage in forms and through insurance companies satisfactory to us:
  • 1. Broad form comprehensive general liability coverage, 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 selfinsured retention of over $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 of 12 months loss of income.
  • 1. If any vehicle is operated in connection with the Business, automobile liability insurance with a combined single limit of

Source: Item 23 — RECEIPTS (FDD pages 92–536)