Pennsylvania athlete agents are are regulated by the Commonwealth’s Department of State, and the state’s Athletic Commission.
One of the prerequisites for licensing is that Pennsylvania athlete agents must file a $20,000 surety bond with the state.
AmeriPro Surety Bonds offers this bond for you….and it’s both easy to qualify and get your bond quickly.
The purpose of the Pennsylvania athlete agent bond is for solely for others, namely your student athlete clients.
The athlete agent bond is a financial guarantee that athlete agents will abide by all laws and regulations in the course of their professional conduct.
The bond protects student athletes from acts of fraud, theft, willful and unintentional negligence or misrepresentation that an athlete agent or employees may commit as it relates to and effects student athletes.
The existence of the bond allows those who can demonstrate harm to file and claim and to be reimbursed up to the bond’s amount (not per person, but the $20,000 total).
But, unlike an insurance policy, should a claim be paid on your athlete agent bond, you are legally liable and responsible for reimbursing the surety in full for all claims paid and related costs and fees.
Despite the bond’s $20,000 face amount, you will pay nowhere near that amount.
Applicants for the athlete agent bond may pay as little as just over 1% for this bond.
The amount you will pay will be determined by a simple application and may involve a standard credit check.
Once issued, the bond’s premium is not a onetime payment; it renews annually.
The bond must be kept active as a condition for maintaining your license in the Commonwealth.
Our surety will mail you a payment renewal for the bond’s premium well ahead of renewal time.
Besides the $20,000 surety bond, to be come an athlete agent in Pennsylvania you must:
AmeriPro Surety Bonds is a surety bonds-only agency.
We provide licensing and permit, contractor, court, and fiduciary bonds throughout the Commonwealth of Pennsylvania.
Our agency also provides surety bonds nationwide.
We welcome the opportunity to work with you to obtain your athlete agent bond today.
Please call us today at: