The Tennessee Boxing Permit Bond is required by the Department of Tennessee Athletic Commission. The bond is required to be in the amount of $25,000. The bond states that the bondholder will promote professional boxing or other combat matches or exhibitions. In addition, they will perform all of its contractual obligations (whether expressed or implied) to combatants incurred in connection with the promotion of such matches or exhibitions in the State of Tennessee.
Who needs to have the bond?
Individuals who receive a license from the State of Tennessee must be bonded. It is one of the licensing requirements. License Classifications for a promoter are MMA, Boxing and Kickboxing.
What is the purpose of a Tennessee Boxing Permit Bond?
A surety bond is an agreement between three parties, namely, the principal, the obligee (the state) and the surety company. Unlike insurance, which protects you, a surety bond protects the public. It serves as an assurance for the state that the applicant will comply with all the rules and regulations of the state.
What is the process of getting a Tennessee Boxing Permit Bond?
The process of getting the surety bond is easy. We offer an easy to navigate online application form that can be completed in a matter of minutes. Soon after applying you will be contacted by one of our licensed agents with a no-obligation quote on the bond premium. Then you complete some paperwork, make payment and your Tennessee Boxing Permit bond will be delivered to you via USPS Priority Mail. Overnight delivery is also available.
Surety1 is licensed in all 50 states and is rated A+ by the Better Business Bureau. We have been in the business since 2003. Over the years, we not only were able to service thousands of clients but we have also been able to partner with over a dozen A-rated surety markets in order to offer the lowest rates for all our surety bonds.