The New York Promoter-Boxing Bond is a type of surety bond required by the State of New York, State Athletic Commission. The surety bond is required for those who want a Professional Boxing & Mixed Martial Arts Promoter License. The license allows the promoter to hold professional boxing and sparring matches or exhibitions for prizes or purses. An admission fee is charged and/or received.
What is the amount for the New York Bond?
- A $20,000.00 bond, filed with the State Comptroller, is required to guarantee:
- purse and salaries of club employees licensed by the Commission
- the legitimate expenses of printing tickets
- all advertising material
- A $10,000.00 bond, filed with the Department of State, is required to guarantee:
- the faithful performance by the Promoter of the provisions of the act and rules & regulations of the State Athletic commission
How to obtain a New York Boxing Promoter Bond
At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:
- Complete the easy to navigate and secure online application. 1
- Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
- Sign some paperwork and pay the bond premium
Once these steps have been completed, the Surety Bond will be shipped to the bond applicant.
1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.
Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.
What are the other requirements to receive a Boxing & Mixed Martial Arts Promoter’s License?
- Completed application form
- Corporate or business check for the payment of the fees. The amount is based on the seating capacity:
- Not more than 2,500 …… $ 450
- 2,500 to 5,000 …………….. $750
- 5,001 to 15,000 …………… $1,000
- 15,001 to 25,000 …………. $2,000
- More than 25,000…………. $2,500
- Articles of Incorporation
- Two sets of fingerprints for all officers
For more license information, contact the State of New York, State Athletic Commission
About Surety1.com
Contact Surety1
How to Get Your Promoter- Boxing Bond
- Complete an online application. It’s free and no-obligation.
- One of our surety experts will contact you with a firm quote and an agreement to sign.
- Provide payment and your signed agreement, and then you will receive your Surety Bond!
If you have any questions, please call us at 877-654-2327.
Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.