West Virginia Promoter's License Bond Guide
If you’re applying for a promoter's license in West Virginia, you’ll likely need this surety bond.
Bond Overview
- Purpose: To ensure promoters of combative sporting events meet license and contract obligations
- Who Needs It: MMA, boxing and other combative sports promoters
- Regulating Body: The West Virginia Athletic Commission
- 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 West Virginia Promoter's License Bond?
A West Virginia promoter's license 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 License Bonds Cost in West Virginia?
$20,000 West Virginia promoter's license bonds typically cost $200–$400. 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 License Bond?
The West Virginia Athletic Commission requires this bond as part of the licensing process for combative sporting event promoters in the state.
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 West Virginia promoter's license 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 mail you the bond via your preferred shipping method. Be sure to file the bond with the West Virginia Athletic Commission as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a West Virginia Promoter's License Bond Work?
As with all surety bonds, a promoter's license bond creates a legal contract between three parties:
- Principal: You, the combative sporting event promoter filing the bond
- Obligee: The West Virginia Athletic Commission requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of West Virginia Code | §29-5A-3.
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 license bond, simply pay your renewal invoice when prompted.
After renewing, you’ll receive a continuation certificate to file with the West Virginia Athletic Commission as proof of ongoing coverage.
