Utah Promoter's Bond Guide
If you’re applying for a combative sports promoter's license in Utah, you’ll need this surety bond.
Bond Overview
- Purpose: To ensure promoters of combative sporting events meet license and contract obligations
- Who Needs It: Unarmed, professional combat sporting event promoters
- Regulating Body: The Pete Suazo Utah Athletic Commission (PSUAC)
- Required Coverage: $20,000
- Premium Rate: $200–$2,000, credit-based
Learn all about the bond requirements and process in this guide.
What Is a Utah Promoter's Bond?
A Utah promoter's bond ensures MMA and combative sporting event promoters meet their payment and performance obligations.
The financial guarantee from the bond also provides security to athletes who work with a sports promoter.
How Much Do Promoter's Bonds Cost in Utah?
Utah promoter's bonds cost a small percentage of the $20,000 bond amount, typically $200. 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 Promoter's Bond?
The Pete Suazo Utah Athletic Commission (PSUAC) requires this bond as part of the licensing process for professional unarmed combat sports promoters, including boxing, kickboxing, and mixed martial arts.
By filing surety bonds, promoters promise to pay all fees owed to the state and participants as well as to uphold all license regulations.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Utah promoter's 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 the bond with PSUAC as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Utah Promoter's Bond Work?
As with all surety bonds, a promoter's bond creates a legal contract between three parties:
- Principal: You, the combative sporting event promoter filing the bond
- Obligee: The Pete Suazo Utah Athletic Commission (PSUAC) requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of the Pete Suazo Utah Athletic Commission Act.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your promoter's bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
