Athlete agent bond cost
Pennsylvania athlete agents must post $20,000 surety bonds. The price you’ll pay for the bond is subject to underwriting and depends on a review of your personal credit report. Applicants with a strong credit report could pay as low as 1% of the total bond amount, or just $200!
Connect with a surety expert today, and enjoy fast, easy and accurate bonding services.
Why this bond
Pennsylvania athlete agent bonds are put in place to ensure that athlete agents adhere to all parts of the Pennsylvania Uniform Athlete Agents Act. Specifically, this bond ensures the payment of damages suffered by any person as a result of an athlete agent’s intentional or unintentional faulty business practices.
Athlete agent bond details
This bond is required by the Commonwealth of Pennsylvania State Athletic Commission. Athlete agent bonds are effective for one year from the date of issuance. If the surety chooses to cancel the bond, 30 days’ notice prior to cancellation must be given to the state.
When filling out the bond form, be prepared to provide your full name and address. If the principal (agent or agency) is a partnership, all partners must be listed on the bond.
Become an athlete agent
An athlete agent must register with the Commonwealth before he or she can start doing business. The application must be submitted on a form supplied by the State Athletic Commission and must be accompanied by the following:
- $200 for an initial application for registration of an individual or $400 for a partnership
- $100 processing fee
- surety bond
- results of a criminal background check
- completed affidavit
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