Promoter bond cost
Boxing and mixed martial arts promoters are required to post at least a $20,000 surety bond with the Ohio Athletic Commission. The Ohio Athletic Commission determines the exact bond amount so it is important to verify the bond amount with them. Because bond amounts for boxing and MMA promoters vary, the premium an applicant will pay is determined by a review of their credit by an underwriter. With excellent credit, we can issue these bonds for as little as 1% of the total bond amount.
Since both the amount and price of this bond vary, we suggest contacting one of our surety experts to find out exactly how much you’ll pay for your Ohio surety bond!Give us a call at 888.610.4474 or submit a bond request to begin our fast and easy bonding process.
Why this bond
By posting a promoter bond, the promoter agrees to follow all rules and regulations established by the Ohio Athletic Commissioner Chapter 3773-3.
If the general public or the state suffers financial losses or other harm as a result of the principal’s (promoter’s) actions, the surety bond offers protection up to the sum of the bond. Although the surety will initially cover the damages, the principal is ultimately responsible for reimbursing the surety for any damages paid out.
Boxing and MMA promoter bond details
A promoter surety bond is in full effect for one-year unless there is a claim filed or the bond is cancelled. The surety can cancel the bond if they give a 60 day notice to the promoter before the effective date.
The state of Ohio does not have a specific form for this license, so the surety company that issues the bond will do so on an approved form that they provide.
Become an Ohio promoter
In addition to posting a surety bond, an applicant must submit the following during registration:
- Fill out a license application, which can be found in the important links section below
- a Passport sized photo in the application
- a $100 to $200 licensing fee
Take the first step toward becoming licensed in Ohio by purchasing the surety bond you need! Our experts do all of the hard work for you.
Apply for your surety bond
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