What is the minimum limit for Cyber Liability Insurance that Chicken Guy requires?

According to Chicken Guy's 2025 Franchise Disclosure Document, franchisees are required to maintain Cyber Liability Insurance with a minimum limit of $1,000,000. This insurance must include coverage for business interruption loss, cyber extortion, data recovery costs, and data and network liability.

In practical terms, this means that a Chicken Guy franchisee must secure an insurance policy that protects the business against potential financial losses resulting from cyber incidents. These incidents could range from data breaches and network intrusions to extortion attempts targeting the franchisee's digital assets. The $1,000,000 limit represents the minimum amount the insurance company will pay out to cover these types of losses.

Furthermore, Chicken Guy also mandates that franchisees carry Umbrella or Excess Liability Insurance in the amount of $3,000,000 per occurrence and $3,000,000 in annual aggregate. This excess coverage is designed to supplement the Cyber Liability Insurance and other underlying policies, providing an additional layer of financial protection in the event that the initial policy limits are exhausted. Franchisees should carefully review their insurance needs and ensure they have adequate coverage to protect their business from potential cyber threats and other liabilities.