What is the minimum coverage limit required for PCI DSS Liability coverage for a Buona franchise?

According to Buona's 2025 Franchise Disclosure Document, franchisees are required to obtain PCI DSS Liability coverage with a minimum limit of $1,000,000 per occurrence and $1,000,000 in the aggregate. This insurance must be secured before the franchise location opens for business.

PCI DSS Liability coverage is designed to protect both the franchisee and the franchisor from financial losses resulting from breaches of Payment Card Industry Data Security Standards (PCI DSS). These standards are a set of security requirements for organizations that handle credit card information. A data breach can lead to significant expenses, including legal fees, fines, penalties, and the cost of notifying affected customers. Having adequate PCI DSS Liability coverage can help mitigate these potential financial risks.

It is important for prospective Buona franchisees to understand that the franchisor can increase the minimum limits of insurance coverage or otherwise modify the insurance requirements. Franchisees must ensure they maintain the required insurance coverage throughout the term of the franchise agreement. Failure to comply with these insurance requirements could result in Buona procuring the insurance on the franchisee's behalf, with the franchisee responsible for the costs, plus interest and administrative fees.