What is the name of the surety company providing the bond for Big Air Trampoline Park?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
tem 5 of the Franchise Disclosure Document, Section 5.1 of the Franchise Agreement and Section 3.2 of the Multi-Unit Development Agreement are revised to include the following**:
The Department has determined that we, the franchisor, have not demonstrated we are adequately capitalized and/or that we must rely on franchise fees to fund our operations. The Commissioner has imposed a requirement for us to maintain surety bonds under California Corporations Code section 31113 and 10 C.C.R. section 310.11.5 which must remain in effect during our registration period. Big Air Franchising, LLC has two surety bonds in California. The first surety bond is in the amount of $60,000.00 with Atlantic Specialty Insurance Company. The second surety bond is in the amount of $240,000 with Travelers Casualty and Surety Company of America. The bonds are available for you
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to the 2025 FDD, Big Air Trampoline Park is required to maintain surety bonds due to not demonstrating adequate capitalization. In California, Big Air Trampoline Park has two surety bonds. One bond is for $60,000 with Atlantic Specialty Insurance Company. The second surety bond is for $240,000 with Travelers Casualty and Surety Company of America.
These bonds are available for franchisees to recover damages if Big Air Trampoline Park fails to fulfill its obligations to open the franchised business. This offers a level of financial protection to the franchisee, ensuring that funds are available to cover losses should the franchisor default on their commitments.
Prospective franchisees can request a copy of the surety bonds from Big Air Trampoline Park to understand the terms and conditions of the bonds. This information can be useful in assessing the financial stability of the franchisor and the level of protection afforded to the franchisee.