Promoter-Wrestling Bond

The New York Promoter-Wrestling Bond is a type of surety bond required by the State of New York, State Athletic Commission. File the bond with the State Comptroller in the amount of $20,000. The bond states that the bondholder shall faithfully perform the provisions of Chapter 714 of the Laws of 1921, as amended, and the rules and regulations of the Commission.

What is the purpose of this surety bond?

The Promoter-Wrestling Bond guarantees:

• the payment of professional wrestler’s purses
• salaries of club employees, licensed by the Commission
• legitimate expenses of
  • printing tickets and advertising material
  • payments to sponsoring organizations
  • payment of all applicable state and local sales and compensating use tax

Where can I get a New York Promoter-Wrestling Bond?

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the New York Promoter-Wrestling 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 other requirements are needed to receive a 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 information on the license process contact the  State of New York, State Athletic Commission.

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