Boxing promoters give promising young fighters a chance to build experience in the ring and work their way up the ranks. They also provide boxing fans a way to enjoy their favorite sport in person. This can be a gratifying career, but it takes more than just a passion for the "sweet science" to start promoting it. Before becoming a boxing promoter, you need a boxing promoter bond. This page explains what it is and the process of obtaining one in detail.
It is a surety bond type that many (but not all) states require someone to have before granting them a license to promote boxing matches. This license, in some states, can also apply to other combat sports like MMA.
Surety bonds hold someone liable for any financial damages that result from illegal conduct. In the context of boxing promoter bonds, if a promoter breaks state laws that apply to boxing promotions, they must pay for any damage to a person, property, or the public at large that results.
There are three parties involved in the surety bond agreement:
Boxing promoters in 36 states (at the time of writing) need some form of boxing promoter bond. Find out if surety bonds for boxing promotions are required in your state and how much coverage is required by contacting the state agency that regulates the boxing industry.
Every state has different surety bond requirements, including different minimum coverage limits. Whatever that coverage limit is, the cost of the surety bond will be a small percentage of it. Bond costs are specific to each bond seeker and quoted based on credit scores and financial history. Excellent credit leads to lower costs, and bad credit has the opposite effect – raising prices and making it harder to get approved for a bond in the first place. If the latter is the case for you, take advantage of Viking Bond Service's special program. It helps make bonds more accessible and affordable for anyone with credit issues.
Be prepared to provide the following:
The surety uses this information to quote the bond cost, and coverage activates as soon as that cost is paid.
Viking Bond Service is here to help aspiring boxing promoters get the bonds they need. Request a quote at any time to get a number back in under 24 hours. Have any questions? Contact us or call 1-888-2-SURETY (1888-278-7389).
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