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Michigan Unarmed Combat Bond

The Michigan unarmed combat bond is a surety bond required of promoters between $20,000 to $50,000. Please call AmeriPro Surety Bonds today at: 844-589-9732.

Michigan Unarmed Combat Bond |

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Sports Promoters – Michigan

 

 

 

Sports promotion in Michigan is regulated by the state’s Unarmed Combat Regulator Act of 2004.

The sports regulated by the Act include professional boxing and amateur or professional mixed martial arts. Also included according to the same ACT, is any activity where physical blows are involved which may cause injury.

To be licensed, a surety bond is required.

 

 

 

Michigan Unarmed Combat Bond: The Amount of Surety Bond Required

 

 

 

The Michigan unarmed combat bond is a minimum $20,000 surety bond and a maximum $50,000 surety bond.

The amount that you will be required to purchase will be determined by the Michigan Department of Licensing and Regulatory Affairs.

For purposes of securing your surety bond, our agency will request a copy of anything received by you from the Department stating the amount of surety bond required.

 

 

 

Michigan Unarmed Combat Bond: Its Purpose

 

 

 

Your surety bond serves several purposes:

The bond is a financial guarantee that all money earned will be properly distributed;

The bond is a guarantee that liabilities owed will be paid as it relates to the sporting event

The bond allows allows that anyone who is not paid what they are owed may take action by filing a claim against your bond. (Section 338.3633)

Therefore, while the bond is required of you as the principal (and promoter!), its benefits are strictly for other who may be able to credibly demonstrate some harm.

 

 

 

The Premium, Duration, and Purchase Date

 

 

 

The premium represents the amount that you will pay for this bond.

Typically the premium will be between 1-2% of the bond amount required; however, the amount that you pay will be determined by an application and a credit check. Therefore, that amount may vary.

Once purchased, the bond is active for one year, though according to Michigan law, claims against your bond must be made within 30 days of the sporting event.

Additionally, your surety bond must be purchased at least 5 days before the event in question.

 

 

 

About Us

 

 

 

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

Our agency also provides surety bonds nationwide.

Please contact us today at:

 

 

 

844-589-9732

 

 

 

Or, you may fill out our contact form below and an agent will call 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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