Virginia Boxing, Wrestling & MMA Event Promoter Bond Guide
In Virginia, professional combat sporting event promoters need a surety bond to apply for a license. Keep scrolling to learn more about the bonding process.
Bond Overview
- Purpose: To ensure promoters operate legally
- Who Needs It: Professional MMA, boxing and wrestling event promoters in Virginia
- Regulating Body: The Department of Professional and Occupational Regulation
- Required Coverage: $1,000–$100,000, based on event fees
- Premium Rate: Credit based, 1-10% of coverage amount
What Is a Virginia Boxing, Wrestling and MMA Event Bond?
A Virginia MMA event bond ensures that anyone conducting a boxing or wrestling event upholds all laws and regulations.
The Virginia Department of Professional and Occupational Regulation requires this bond for promoter licensing as financial security.
How Much Do Boxing and Wrestling Event Bonds Cost in Virginia?
Professional combat sports event promoter bonds typically cost 1–10% of the required bond amount based on credit score. For example, qualified applicants often pay just $100 for $10,000 coverage.
You may be eligible for a multi-year discount to save 25% on your premium. Apply now to get a personalized quote.
How Does a Virginia Professional Boxing, Wrestling and MMA Event Bond Work?
A Virginia MMA event promoter bond creates a legal agreement between three parties:
- Principal: You, the event promoter
- Obligee: The Department of Professional and Occupational Regulation
- Surety: The underwriting surety company
As the principal, you are responsible for upholding all bond agreements. If you break Virginia Code Title 54.1 Chapter 8.1, affected individuals can file a claim against you.
Who Needs a Professional Boxing, Wrestling and MMA Event Bond?
Anyone who organizes boxing or wrestling events professionally in Virginia must have a surety bond to get licensed.
The bond coverage you purchase must be equal to the total gate fee plus total payment to boxers and wrestlers for their appearance in the event.
How Do I Get a Professional Boxing, Wrestling and MMA Event Bond in Virginia?
SuretyBonds.com offers the fastest and easiest way to get an MMA promoter bond in Virginia. Follow these quick steps to purchase your bond:
- Apply to receive a free quote
- Sign the electronic indemnity agreement
- Purchase your bond online or over the phone
Be sure to submit the bond along with your license application.
How Fast Can I Get My Bond?
You’ll get your quote within one business day or less. We process most bonds same-day and email them to you after checkout.
Can I Get Bonded With Bad Credit?
Yes, you can likely still get bonded as a Virginia sports promoter — even with bad credit. Your personal credit score may, however, impact your quote.
How Do I Renew My Professional Boxing, Wrestling and MMA Event Bond?
This bond expires in one year. When you work with SuretyBonds.com, we’ll send you renewal reminders in advance. As long as you pay the renewal invoice, this bond remains continuous until cancelled.
Note: The surety can cancel the bond by providing 60-day’s written notice to you and the Department of Professional and Occupational Regulation
How to Become a Boxing and Wrestling Promoter in Virginia
The Virginia Department of Professional and Occupational Regulation (DPOR) oversees MMA promoter licensing. To apply for a license, obtain the following materials:
- Promoter License application
- $500 fee
- Copy of your surety bond
Submit the application either through the address or email listed below:
Virginia Department of Professional and Occupational Regulation
9960 Mayland Drive
Suite 400
Richmond , VA 23233-1485
(804)367-0186
Once licensed, you must submit a separate application for each event you organize. Find more information on event applications on the DPOR website.
