Who is the surety for the bond related to Alloy Personal Training, LLC's franchise offering?
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 serves as the surety for the bond related to Alloy's franchise offering in Maryland. This is stated within the Maryland Addendum to the Franchise Disclosure Document.
The requirement for this surety bond stems from the financial condition of Alloy, as mandated by the Maryland Securities Commissioner. This bond is on file with the Maryland Securities Division, providing a level of financial assurance to franchisees in Maryland.
The surety bond specifically covers the initial franchise fee for a single unit franchise or an area development franchise for three units, which is the extent of what Alloy is offering and selling in Maryland at the time of the FDD. This means that the bond is designed to protect the initial investment of franchisees within the state, up to the cost of those initial fees.