Who is the surety for the bond agreement related to Big Air Trampoline Park?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
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Item 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 to recover your damages in the event we do not fulfill our o
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 in California. One surety bond is in the amount of $60,000 with Atlantic Specialty Insurance Company. The second surety bond is in the amount of $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.
Additionally, Travelers Casualty and Surety Company of America is identified as the surety in bond number 107815228 for $240,000. The surety agrees to be held firmly bound to the state of California for the use of any interested person who may have a cause of action against Big Air Trampoline Park.
Travelers Casualty and Surety Company of America is also the surety for bond number 107815250 in the State of Washington for $60,000. This bond ensures that Big Air Trampoline Park complies with the conditions and requirements for constructing and maintaining facilities along highways under the jurisdiction of the Washington State Department of Transportation.