Sports Promoter Bonds

As is the case with most types of license bonds, prices are based almost solely on the promoter’s personal credit. Sports promoters with excellent personal credit can expect to pay annual premium ranging from 1 to 3% of the total bond amount. So if you get approved at a 1% rate for a $15,000 PA Professional MMA Promoter Bond, you pay $150 per year in exchange for bond coverage.

The first step is to apply for one. By applying directly on our secure application, most applicants can receive a quote within just minutes.

As part of your approval, your bond agent will provide you with the premium amount due along with an agreement with the bond company. Once you've provided payment and a signed copy of the indemnity agreement, your Sports Promoter Bond will be issued promptly.

Once you receive the original bond, sign it in the applicable spot, and then provide it to the obligee (state) requiring the bond, and you should be all set.

Yes, but rates may vary. Depending on what surety company you apply with, promoters with bad credit can pay up to 15% of the bond amount per year for their bonds. Fortunately, Lance Surety write these bonds more aggressively than any other company. Our bad credit rates usually range between 5 to 7.5%!

Most state athletic commissions require that a separate bond be filed for each state a promoter is licensed in. While our agency can help with information on most states’ requirements, it’s always a good idea to check the state department requiring you to be licensed for the most up to date requirements. Lance Surety can set you up with a large bond line, so you can easily get bonded in multiple states.

No. They guarantee that promoters will fulfill their contractual obligations and comply with rules and regulations outlined in their state promoter’s license.