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The Pennsylvania Boxing Promoter Bond is a type of surety bond required by the Commonwealth of Pennsylvania, State Athletic Commission to be a licensed boxing promoter.  Anyone who wants to promote a professional boxing match in Pennsylvania must have a valid license from the Pennsylvania State Athletic Commission (PSC). This includes individuals, businesses, and organizations. The amount of the bond is $15,000.

How get a Pennsylvania Boxing Promoter 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 Pennsylvania Boxing Promoter Bond will be shipped to the bond applicant. The cost of the bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150 to$250. Surety1 will shop its many markets to procure the right price at the right terms.
^{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 is the purpose of the surety bond?

The bond is required to is to protect the Pennsylvania State Athletic Commission (PSC) and the public from financial losses that could occur as a result of the promoter’s actions.  The bond can be used to compensate boxers, referees, and other event personnel if the promoter fails to pay them. The bond can also be used to reimburse the PSC for any expenses that it incurs as a result of the promoter’s actions, such as the cost of investigating a complaint or the cost of conducting a disciplinary hearing.

The Pennsylvania Boxing Promoter Bond is a way for the PSC to ensure that promoters are financially responsible and that they will be able to meet their obligations to the boxers, the public, and the PSC itself.

Here are some specific examples of how the Pennsylvania Boxing Promoter Bond can be used:

• If a promoter fails to pay a boxer, the boxer can file a claim against the bond to recover their unpaid purse.
• If a promoter fails to pay a referee or other event personnel, they can file a claim against the bond to recover their unpaid fees.
• If the PSC incurs expenses as a result of investigating a complaint against a promoter, such as the cost of hiring investigators or conducting interviews, the PSC can file a claim against the bond to recover those expenses.
• If the PSC takes disciplinary action against a promoter, such as suspending or revoking their license, the PSC can file a claim against the bond to recover any costs that it incurs as a result of that action.

If the surety pays a claim, it will seek restitution from the bond principal (licensee)

To get a Pennsylvania Boxing Promoter license, you must:

1. Be at least 21 years old.
2. Be a resident of Pennsylvania or have a business in Pennsylvania.
3. Have good moral character.
4. Have experience in promoting boxing matches.
5. Complete a criminal history check.
6. Submit a completed application and all required documentation to the Pennsylvania State Athletic Commission.

The application fee for a Pennsylvania Boxing Promoter license is $100. The license is valid for one year and must be renewed annually. In addition to the above requirements, you must also obtain a Pennsylvania Boxing Promoter Bond. The bond must be on file with the Pennsylvania State Athletic Commission before you can promote a boxing match.

Once you have met all of the requirements and have been issued a license, you can begin promoting boxing matches in Pennsylvania. However, you must still obtain approval from the Pennsylvania State Athletic Commission for each match that you promote.

Here are the steps on how to apply for a Pennsylvania Boxing Promoter license:

1. Download and complete the Pennsylvania Boxing Promoter License Application.
2. Obtain a Pennsylvania Boxing Promoter Bond of  $15,000.
3. Submit the completed application, bond, and all other required documentation to the Pennsylvania State Athletic Commission.
4. Pay the application fee of $100.

Once you have submitted your application, the Pennsylvania State Athletic Commission will review it and determine whether you meet all of the requirements for a license. If you are approved, you will be issued a license.

Here are some additional tips for getting a Pennsylvania Boxing Promoter license:

• Make sure that your application is complete and accurate.
• Submit all of the required documentation.
• Be prepared to answer any questions that the Pennsylvania State Athletic Commission may have.
• Be honest and upfront about your experience in promoting boxing matches.

If you have any questions about the Pennsylvania Boxing Promoter license application process, you can contact the Pennsylvania State Athletic Commission at (717) 787-5720.

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