Pennsylvania Wrestling Promoter Bond
AmeriPro Surety Bonds | 844-589-9732
In light of COVID-19, this bond has become increasingly more difficult to obtain approval. We are not stating that you will not be approved; we are stating that applying for this bond today and obtaining approval is more difficult than it would have been, say, in 2019.
Pennsylvania Wrestling Promoters
But whereas both boxing and MMA promoters must obtain a $15,000 surety bond, licensed PA wrestling promoters have a surety bond requirement of $10,000.
Pennsylvania Wrestling Promter Bond: The Cost and Duration
The $10,000 Pennsylvania wrestling promoter bond will cost you just $100 annually. There is no application as such. When you call us, we’ll take very basic information from you: The name that should reflect on your bond, as well as your business address. Once the premium has been paid, the bond is issued to you immediately and will be mailed by the following business day.
Additional Premium Payment Options
At a $100 premium, this wrestling promoter bond will renew on the anniversary of its issuance. Our agency also offers you the option to prepay your bond for up to 3 years, thereby offering you a savings over annually renewing.
The premium prepayment options 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 Wrestling Promoter Bond: The Purpose
The purpose of your Pennsylvania wrestling promoter bond is for the benefit and the protection of others.
The bond is a financial guarantee that you will abide by of Title 5, Chapter 21 which regulates professional wrestling in the Commonwealth.
The bond is also a financial guarantee which guarantees that you will faithfully adhere to any contracts entered into for wrestling whether it is in an arena or some other facility.
More broadly, your wrestling promoter bond is a financial guarantee which protects against acts of fraud, theft, or criminal misconduct committed by a licensed wrestling promoter, or any agents, and employees of yours.
Should a claim be made and paid on your surety bond, you are legally responsible to indemnify the surety for all costs and fees involved in the claim’s settlement.
AmeriPro Surety Bonds is a surety bonds-only agency.
We provide license and permit, court, and fiduciary bonds throughout the Commonwealth.
Our agency also provides surety bonds nationwide.
We thank you for your consideration.
Please call AmeriPro Surety Bonds today at: 844-589-9732