Georgia Combative Sports Promoter Bond |
AmeriPro Surety Bonds | 844-589-9732
Georgia Combative Sports Promoters
The Georgia sports promoter bond is actually one of 4 separate, but related surety bonds required of combative sports promoters.
The surety bond or bonds are required by the Georgia Athletic Commission.
The other 3 related surety bonds are:
- The Georgia mixed martial arts promoter surety bond;
- The Georgia boxing event surety bond;
- The Georgia boxing promoter surety bond.
All 4 surety bonds are each $10,000 surety bonds required of their respective parties.
And all 4 are available from AmeriPro Surety Bonds.
Georgia Combative Sports Promoter Bond: The Purpose
The purpose of all 4 surety bonds is clearly spelled out in the language of the surety bond itself.
In general, the purpose of any of these bonds is a financial guarantee which ensures the payment of all contractual liabilities associated with boxing, MMA, kickboxing, and other combative sports related events.
The surety bonds also serve as a financial guarantee for payment of any penalties, taxes, damages, which occur as a byproduct of any of licensed combative activities taking place within the state.
While the surety bond or bonds are required of the respective participants, the bonds are for the exclusive benefit GA Athletic Commission.
Georgia Combative Sports Promoter Bond: The Premium and Bond Term
The premium required of these bonds is typically between 2-5% of the bond’s face amount.
The amount that any individual will be required to pay will be determined by information provided in an application.
A credit score will also play a part in determining the premium amount required.
Once any of these 4 surety bonds has been issued, the bond is active for a period of one year from that date.
An current and active surety bond must remain on file with the Georgia Athletic Commission as a condition of licensing with the state.
AmeriPro Surety Bonds is a surety bonds-only agency.
We provide contractor, license and permit, court and fiduciary bonds throughout Georgia.
Our agency also provides surety bonds nationwide.
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