Ohio Boxing, Mixed Martial Arts and Promoters Bond

The Ohio Boxing, Mixed Martial Arts, and Promoters Bond is a type of surety bond required by the Ohio Athletic Commission in the amount of $20,000. There is also a separate $2,500 tax surety bond required for promoters. The cost of the surety bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150. Surety1 will shop its many markets to procure the right price at the right terms.

How to Get an Ohio Boxing, Mixed Martial Arts and Promoters 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 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.

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Who Needs to Have This Surety Bond?

Here’s a breakdown of who needs the bond:

• Boxing and MMA Promoters: This includes any individual or entity responsible for organizing and putting on a boxing or MMA event, whether it’s a professional or amateur fight.
• Kickboxing, Karate, and Tough Person Contest Promoters: The bond requirement also applies to promoters of these combat sports and fitness competitions.
• Event Organizers: If you’re organizing an event that includes any of the above-mentioned combat sports or competitions, even as part of a larger event, you’ll need the bond.
• Anyone Applying for a Promoter’s License: Even if you haven’t secured an event yet, you’ll need the bond to apply for a promoter’s license from the Ohio Athletic Commission.

What does the Surety Bond Do?

The bond serves as a financial guarantee to protect various parties involved in the event, including:

• Fighters and other participants: The bond ensures that fighters, referees, judges, timekeepers, and other personnel are paid their fees.
• The State of Ohio: The bond guarantees that the promoter will pay all necessary taxes and fees to the state.
• The Public: The bond provides some financial protection for spectators in case of any issues arising from the event.

How to Obtain an Ohio Mixed Martial Arts, and Promoters License

1. Meet the Eligibility Requirements:
   • Be at least 21 years old: This is the minimum age to hold a promoter’s license in Ohio.
   • Be a US citizen or lawful permanent resident: Non-citizens cannot obtain a promoter’s license.
   • Have good moral character: You must pass a background check and not have any criminal convictions that would disqualify you from holding a license.
   • Have financial stability: You must demonstrate financial responsibility to meet the bond requirements and obligations of promoting events.
2. Obtain the Necessary Bonds:
   • Ohio Boxing, Mixed Martial Arts, and Promoters Bond ($20,000): This guarantees payment to event participants and protects the state’s interests.
   • Promoter Tax Surety Bond ($2,500): This ensures payment of taxes from event revenue.
3. Complete the Application Process:
   • Form and Fees: Obtain the promoter’s license application form from the Ohio Athletic Commission website and submit it with the appropriate fees.
   • Personal References: Provide references confirming your financial responsibility and good character.
   • Business Plan: Submit a detailed business plan outlining your experience, event proposals, and financial projections.
4. Pass an Examination:
   • Written Exam: You’ll need to pass a written exam covering boxing, MMA, and promoter rules and regulations.
   • Oral Interview: After passing the written exam, you’ll have an oral interview with the Ohio Athletic Commission.
5. License Approval:
   • Commission Review: Once you complete all steps and pass the exam, the Ohio Athletic Commission will review your application and decide whether to grant you a license.
   • License Conditions: If approved, you might receive a conditional license initially, requiring you to fulfill additional requirements before promoting an event.

Additional Resources:

• Ohio Athletic Commission Website: You can find detailed information about promoter licenses, regulations, and application forms on the official website: https://aco.ohio.gov/wps/portal/gov/ath/licenses-and-renewals/promoters
• Contact the Commission: If you have questions or need help with the application process, don’t hesitate to contact the Ohio Athletic Commission: https://aco.ohio.gov/

Remember, obtaining a promoter’s license is a complex process with specific requirements.