The California Professional Club and Promoter’s Bond is required by the California State Athletic Commission in order to get a Promoter License. To get a free, no-obligation quote for this bond, apply here!
What are the requirements in order to get a California Professional Club and Promoter’s License?
The California State Athletic Commission has set the following requirements for all who wish to get the license as a promoter. Please note that separate applications are required for professional boxing, amateur kickboxing, and professional mixed martial arts.
- A completed California Professional Club and Promoter’s Application Form
- Payment of a $1,000 professional promoter fee, and/or a $250 amateur promoter fee
- Live scan fingerprints
- Medical insurance coverage certification
- A surety bond, more formally known as a California Professional Club and Promoter’s Bond issued by a surety company in California.
- Note: Surety1 is licensed in all 50 states and operates out of Rancho Cordova, California!
You can find more information about the licensing requirements here.
What is the purpose of a California Professional Club and Promoter’s Bond?
This bond guarantees the payment of all taxes and fines due and payable to the State. It guarantees the payment of contributions for medical insurance and to the pension and disability fund, the payment of assessments for neurological examinations to the participants of the competition. It ensures that all competitors will be payed as well as all referees, judges, timekeepers and physicians.
The California Professional Club and Promoter’s Bond must be in the amount of $50,000 or an amount determined by the Commission to assure the faithful performance of the promoter. Amateur promoters have slightly different requirements. They are required to secure a bond in the amount of $1,000 or in an amount determined by the Commission. The Commission may require an increase in the bond amount on a show-by-show basis, depending on the financial obligations incurred for a specific event.
Where can I get a California Professional Club and Promoter’s Bond?
To obtain a California Professional Club and Promoter’s Bond, all you need to do is take a few minutes to fill out our free online application! Within one business day one of our licensed agents will contact you with a no-obligation quote for the price to obtain your bond (the “premium”). Once any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail (overnight shipping options also available).
The surety bonding experts at Surety1 are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau