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Maryland Athletic Promoter Expense Bond

The Maryland athletic promoter expense bond is required by the state’s Athletic Commission for promoters of MMA, boxing, and wrestling events. The amount is determined by the Commission. Please call AmeriPro Surety Bonds today at:       844-589-9732.

Maryland Athletic Promoter Expense Bond |

AmeriPro Surety Bonds | 844-589-9732

 

 As of May 2021, our agency is no longer offering the Maryland athletic promoter surety bond. 

 

Athletic Promoters – Maryland

 

 

 

The Maryland Athletic Commission license and enforces the statutory laws regulating athletic promoters.

Athletic promoters refers to those engaged in the following events:

  • Boxing;
  • MMA (mixed martial arts);
  • Wrestling.

As a condition of licensing of as an athletic promoter, you must furnish 2 surety bonds.

 

 

 

Types of Surety Bonds Required

 

 

 

According to the Commission, as an athletic promoter, you must provide evidence of two separate surety bonds.

These are:

  • An expense surety bond;
  • And a “boxing and wrestling tax” bond.

 

 

Maryland Athletic Promoter Expense Bond: Amount Required and the Premium

 

 

 

The Maryland athletic promoter expense bond is in an amount that may vary. We typically see this surety bond as a $50,000 bond. Applicants will complete a short, standard surety bond application, and be subject to a review of credit. Typically, this bond amount for most applicants will be about $500.

The “boxing and wrestling tax” bond is a $10,000 surety bond. This bond will cost you just $100. There is no credit check involved for this surety bond.

 

 

 

Duration of These Bonds

 

 

 

The Maryland athletic promoter expense bond and the Maryland boxing and wrestling tax bond, when issued, are active for one year from the date of issuance.

With the boxing and wrestling tax bond, at least, there are options to prepay this bond for up to 3 years, offering you a savings over a year to year renewal.

 

 

 

The Purpose of these Surety Bonds

 

 

 

The athletic promoter expense bond is a financial guarantee which ensures that all expenses incurred by athletic promoter will, in fact, be paid as contractually or legally required.

The boxing and wrestling tax bond is a financial guarantee for the state of Maryland, that all tax receipts owed to the state of Maryland as function of boxing and wrestling events will in fact be paid as owed.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, and fiduciary surety bonds throughout Maryland.

Our agency also provides surety bonding nationwide.

Please call us today at:

 

 

 

844-589-9732

 

 

 

Or, you may fill out the form below and an agent will contact you…

 

 

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AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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