What is the minimum coverage required per occurrence for the cyber insurance policy that a Cicis franchisee must maintain?

According to Cicis's 2025 Franchise Disclosure Document, franchisees are required to maintain a cyber insurance policy with a minimum coverage of $500,000 per occurrence. The policy must also have an aggregate coverage of $500,000.

This insurance coverage is intended to protect both the franchisee and Cicis from potential financial losses resulting from cyber incidents, such as data breaches or ransomware attacks. Given the increasing frequency and sophistication of cyber threats, this requirement ensures that franchisees have a financial safety net in place to mitigate potential damages and legal liabilities.

It is important for prospective Cicis franchisees to factor in the cost of this cyber insurance policy when evaluating the overall investment required to start and operate a franchise. Franchisees should also confirm with the franchisor or their insurance provider the specific types of cyber risks covered by the policy and whether additional coverage may be necessary based on their individual circumstances.