According to the Alloy surety bond, what is the name of the Surety?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
In consideration for the payment of a renewal premium, ARCH INSURANCE COMPANY, as SURETY, does hereby continue
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
According to the 2025 FDD, the surety for Alloy's surety bond is Arch Insurance Company. This is explicitly stated in the context of both the Maryland and Illinois surety bonds. Specifically, Arch Insurance Company acts as the surety, providing a guarantee that Alloy will fulfill its financial obligations as required by franchise regulations in those states.
This information is crucial for prospective Alloy franchisees, particularly those in Maryland and Illinois, as it identifies the entity responsible for covering claims against the bond. Should Alloy fail to meet its financial obligations, franchisees can direct their claims to Arch Insurance - Surety Division at the provided address in Philadelphia, PA.
The FDD also provides contact information to verify the authenticity of the Power of Attorney associated with the surety bond, directing individuals to contact Arch Insurance Company via email. This verification step is essential to ensure the legitimacy of the bond and the claims process.