Alaska Concert Promoter Bond Guide
If you’re applying to become a concert promoter in Alaska, you’ll likely need this surety bond.
Bond Overview
- Purpose: To ensure timely ticket refunds if a concert is cancelled
- Who Needs It: Concert promoters in Alaska
- Regulating Body: The Alaska Department of Commerce, Community, and Economic Development (DCCED)
- Required Coverage: $5,000
- Premium Rate: Typically $250, credit-based
Learn all about the bond requirements and process in this guide.
What Is an Alaska Concert Promoter Bond?
An Alaska concert promoter bond provides financial security to guarantee ticket refunds within 10 days of the event date if a show is cancelled.
How Much Do Concert Promoter Bonds Cost?
Alaska concert promoter bonds cost a small percentage of the $5,000 coverage amount, typically $250.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Concert Promoter Bond?
The Alaska DCCED’s Concert Promoter Program requires this bond as part of the registration approval process for all concert promoters in the state.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get an Alaska concert promoter bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll email you the bond shortly after purchase. Be sure to file it with the DCCED as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does an Alaska Concert Promoter Bond Work?
A concert promoter bond creates a legal contract between these three parties:
- Principal: You, the concert promoter filing the bond
- Obligee: The Alaska DCCED requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Alaska Statutes 08.92.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your concert promoter bond, simply pay your renewal invoice when prompted.
After renewing, you’ll receive a continuation certificate to file with the as proof of ongoing coverage.
