For Alloy, what is the principal administrative office location of Arch Insurance Company, as stated in the Power of Attorney?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
That the Arch Insurance Company, a corporation organized and existing under the laws of the State of Missouri, having its principal administrative office in Jersey City, New Jersey (hereinafter referred to as the "Company") does hereby appoint:
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
According to Alloy's 2025 Franchise Disclosure Document, the principal administrative office of Arch Insurance Company is located in Jersey City, New Jersey, as stated in the Power of Attorney. This information is relevant because Arch Insurance Company may issue surety bonds related to Alloy's franchise operations, particularly in states like Maryland that require financial assurance due to the franchisor's financial condition.
The Power of Attorney grants specific individuals, such as Anthony Basciano, the authority to act on behalf of Arch Insurance Company in executing surety obligations. These obligations can reach up to $150,000,000.00. The document clarifies that the execution of these surety obligations by the appointed attorney is binding upon Arch Insurance Company as if executed by its officers at the principal administrative office.
Prospective Alloy franchisees should note that claim inquiries related to any bonds should be sent to Arch Insurance - Surety Division at 3 Parkway, Suite 1500, Philadelphia, PA 19102. Furthermore, to verify the authenticity of the Power of Attorney, one can contact Arch Insurance Company at SuretyAuthentic@archinsurance.com, referencing the Attorney-in-Fact and the bond details.