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Pennsylvania Boxing Promoter Bond

The low-cost, $15,000 Pennsylvania boxing promoter bond is available from AmeriPro Surety Bonds. Please call our agency today: 844-589-9732.

Pennsylvania Boxing Promoter Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Pennsylvania Boxing Promoters

 

 

 

Boxing, MMA, and wrestling promoters in Pennsylvania are all required to maintain a surety bond. Each of these requires their own surety bond.

This article deals with boxing surety bonds in the Commonwealth; however, AmeriPro Surety Bonds provides surety bonds for each of these promoter categories.

The Pennsylvania boxing promoter bond is a $15,000 surety bond which is required to be licensed by the Commonwealth’s Department of State which regulates the licensing of promoters.

 

Pennsylvania Boxing Promoter Bond: The Premium

 

The premium for the $10,000 Pennsylvania boxing promoter bond is just $100 annually.  There is no underwriting or an application check for this bond.  Really, there is no formal application as such either. When you call our agency, we’ll ask you some very basic questions:  The name you want on your bond, and your address, mainly.

After payment of the $100 premium, our agency issues the bond to you immediately.  It is mailed by the following business day.

Additional Premium Payment Options 

At a $100 premium, your boxing promoter bond will renew annually on the anniversary of its issuance.  You also have the option to prepay your surety bond for up to 3 years, thereby offering you a savings over annual renewals.

If chosen, the premium amounts and savings are as follows:

  • If prepaid for 2 years, the premium is $180, a $20 savings;
  • If prepaid for 3 years, the premium is $260, a $40 savings.

 

 

 

Pennsylvania Boxing Promoter Bond: The Purpose

 

 

 

As a licensed promoter, you are required to purchase a $15,000 boxing promoter bond that acts as a financial guarantee which ensures that you will comply with all laws as it relates to the promotion of boxing within the Commonwealth.

More specifically, the bond is a financial guarantee which:

  • Guarantees fulfillment of contractual arrangements with contestants and other licensees;
  • Ensures payment of all licenses and fees associated with the promotion of boxing;
  • Protects others from acts of fraud, theft or willful misconduct committed by a licensed boxing promoter in the performance of professionally-related duties.

The boxing promoter bond is not an insurance policy which protects the boxing promoter.

It is a surety policy which protects others from acts of malfeasance by a boxing promoter.

 

 

 

Pennsylvania Boxing Promoter Bond: Duration

 

 

 

The boxing license is issued for a period of one year.

Current regulations state that the boxing promoter license expires on December 31st of each year.

Your surety bond should have dates which run concurrently with your license, if at all possible, so as to prevent any lapse of bond coverage.

 

 

 

About Our Agency

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency.

We provide license and permit, contractor, court, and fiduciary surety bonds throughout the Commonwealth. Our agency also provides surety bonds nationwide.

We look forward to working with you:

You may contact us by calling us at:

 

844-589-9732

Or complete the form below and we 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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