MMA/Boxing Promoter Bonding Information
We are legally licensed to issue MMA bonds nationwide. Whether you’re a promoter in Texas , New York, Indiana or Georgia , we can help.
Combative sporting events have become exceedingly popular in the U.S. throughout the past few decades, especially since smaller venues have emerged to sponsor local events. As a result, government agencies have reinforced industry regulations by requiring that sports promoters file surety bonds. Don’t worry if you don’t know much about surety bonds yet. This guide to bonding is specifically for combat sports promoters.
The types of bonds needed by sports promoters vary by state, but some of the most common include:
- boxing promoter license bond
- combat sports promoter bond
- mixed martial arts bond
- MMA bond
- promoter license surety bond
- sports promoter bond
State Specific Costs
MMA promoter bond costs and requirements vary greatly as the bond amounts and regulations surrounding each license are established on a state level. Select your state below for more information about promoter bonds in your area.
- New Jersey
- New Mexico
- New York
Pay a Low Rate for Your Sports Promoter Bond
Just as bond names vary by state, the cost of the bond varies as well. The bond amount required by the state directly affects how much a promoter will pay for a bond, as will the promoter’s personal application and financial credibility. In most cases, applicants with a credit score higher than 650 can expect to pay a premium that’s just 1-5% of the bond amount. This means that a standard $10,000 MMA promoter bond will only cost between $100 and $500 for one year of coverage.
Get a Promoter License Surety Bond With Bad Credit
We can offers an exclusive great bad credit bonding program to help applicants with credit issues get bonded for the lowest rates possible. Other surety providers avoid working with applicants who have bad credit, but not us.
Enjoy Fast, Easy & Accurate Bonding
When you’re ready to purchase your MMA promoter bond, simply give us a call or fill out our online contact form. One of our expert surety specialists will guide you through the bonding process. You’ll receive a copy of your bond via email once your payment is processed.
Learn More About Mixed Martial Arts Promoter Bonds
Many states require that sports promoters file a sports promoter license surety bond before they can be licensed to promote sporting events in the state. Mixed martial arts bonds work like other surety bond types. Each MMA bond that’s issued functions as a legal contract that binds together three entities.
- The principal is the promoter that purchases the bond as a way to guarantee his/her compliance with whatever stipulations are found in the bond’s terms.
- The obligee is the government agency that requires the sports promoter to purchase a bond to guarantee a certain level of professional performance.
- The surety is the agency that issues the bond, thus providing a financial guarantee of the sports promoter’s ability to follow regulations.
If the promoter should fail to meet the expectations outlined in a mixed martial arts bond, then the obligee can make a claim on the bond to recover losses or collect a penalty. As such, the financial guarantee provided by MMA sports promoter bonds provides athletes with an additional sense of security when they decide to work with a sports promoter.
Some states also require additional surety bonds, such as a match permit bond that’s only valid for one specific event or a tax bond that guarantees proper payment of taxes.
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