Who is the surety for the bond continuation on behalf of Alloy Personal Training, LLC?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
ARCH SURETY
CONTINUATION CERTIFICATE
KNOWN ALL MEN BY THESE PRESENTS, THAT:
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 Alloy's 2025 Franchise Disclosure Document, Arch Insurance Company is the surety for the bond continuation on behalf of Alloy Personal Training, LLC, at least in Maryland. A continuation certificate indicates that Arch Insurance Company acts as the surety.
A surety bond may be required by certain states to protect franchisees. The bond ensures that Alloy will comply with state franchise laws. If Alloy fails to meet its obligations, franchisees can make a claim against the bond to recover losses.
The excerpt also includes tables showing bond details for Maryland and Illinois. For Maryland, the bond number is SP 0000855-0000, effective from June 29, 2022, and continuing from June 29, 2023, to June 29, 2024, with a bond amount of $135,000.00. The bond is in favor of the State of Maryland Securities Division. For Illinois, the bond number is SP 0000872-0000, effective from July 19, 2022, and continuing from July 19, 2023, to July 19, 2024, with a bond amount of $135,000.00. This bond is in favor of the State of Illinois Attorney General. These bonds ensure Alloy's compliance with franchise regulations in those states, providing financial protection to franchisees in case of non-compliance.
It is important to note that the franchisor may be required to have a surety bond in other states as well, and the surety could be different depending on the state. A prospective franchisee should consult the specific addenda for the state in which they plan to operate to determine the surety for that state.