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How much does a boxing promoter bond cost in Georgia?
The Georgia Athletic and Entertainment Commission requires boxing, MMA and combative sports promoters to post $10,000 surety bonds as a licensing requirement.
The price you’ll pay for your Georgia surety bond is subject to underwriting and ultimately based on a review of your personal credit report. Don’t let less-than-stellar credit stop you from getting the surety bond you need! SuretyBonds.com offers an exclusive bad credit bonding program through which we approve 99% of all applicants quickly, easily and accurately. Apply for your free bond quote now!
We can typically provide your free bond quote within 1 business day of submitting your application! Call 1 (800) 308-4358 or click here to get started.
Why do I need this bond?
The purpose of a Georgia promoter bond ensures the payment for damages, penalties or expenses resulting from promotional activities necessary for the proper functioning of public or private competitions that involve any form of boxing, kickboxing, mixed martial arts. These participants include, but are not limited to:
If a principal (promoter) fails to act in accordance with the law and the terms of the surety bond agreement, the bond protects harmed parties from financial loss up to the full penal sum of the bond ($10,000).
What’s the fine print?
Promoter bonds in Georgia can be canceled by the surety if the surety gives written notice of impending cancellation to both the promoter and the Georgia Athletic and Entertainment Commission at least 60 days prior to the effective cancellation date. However, the surety remains responsible for any violations that occur during the 60-day period.