Wisconsin Boxing and MMA Promoter Bond Overview
- Purpose: To ensure promoters pay participants and comply with combative sports regulations
- Who Needs It: Boxing and MMA fight promoters in Wisconsin
- Regulating Body: The Wisconsin Department of Safety and Professional Services
- Bond Amount: $10,000
- Minimum Price: $100 for a one-year term
What Is a Wisconsin Boxing and MMA Promoter Bond?
A Wisconsin boxing and MMA promoter bond is a financial guarantee that fight promoters will pay participants and follow state statutes.
If promoters break regulations or don’t pay purses or wages, harmed parties can file a claim on the surety bond to get compensation.
Who Needs a Boxing and MMA Promoter Bond?
The Wisconsin Department of Safety and Professional Services (DSPS) requires individuals who organize unarmed combative sports contests to have a surety bond. Being bonded ensures the promoter will complete their duties lawfully as an event organizer.
How Much Do Promoter Bonds Cost in Wisconsin?
Wisconsin boxing and MMA promoter bonds have a starting premium of $100 for a one-year term. Or, you can save more by selecting a multi-year term! Apply for a quote today.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Wisconsin Boxing and MMA Promoter Bond Work?
When you get a Wisconsin promoter bond, you agree to follow terms of a three-party agreement.
| Bond Party | Description |
|---|---|
| 1. Principal | You, the licensed fight promoter |
| 2. Obligee | The Wisconsin DSPS |
| 3. Surety | The issuing surety provider |
If you break contract terms, harmed parties can file a claim on the bond. The surety will pay for valid claims and you, the promoter, must reimburse the surety.
How Do I Get a Combative Sports Promoter Bond in Wisconsin?
Getting a promoter bond in Wisconsin is simple with SuretyBonds.com! Just follow these quick steps to get bonded:
- Apply for a free quote
- Get your quote within one business day
- Pay for your bond
- Receive your bond via email
- File your bond with your promoter license application in LicensE.
How Fast Can I Get My Bond?
You’ll get your quote within one business day or less. After checking out, you’ll find your bond form in your email inbox. If you can’t find it, double check your spam folder!
Can I Get Bonded With Bad Credit?
We work with a variety of surety markets to approve 99% of applicants. If you’re worried about qualifying, read about our Bad Credit Bonding Options.
How Do I Renew My Bond?
Wisconsin promoter bonds expire annually, unless you select a multi-year term. We’ll send renewal notices starting 90 days prior to the expiration date. Just follow the renewal instructions to pay the invoice.
Have questions? Call 1(800)308-4358 to speak to a surety expert.
How Do I Update My Bond Information?
If you need to update information on your bond, contact our Customer Care team:
- [email protected]
- 1(800)308-4358
We’ll issue a bond rider for simple fixes like name and address. Larger updates may require a new bond form.
How to Become a Fight Promoter in Wisconsin
Get your license by completing an application through LicensE.
- Login or create a LicensE account
- Apply for your license
- Pay the $500 license fee
- Complete Form 1051 if you do not have a SSN
- Provide a list of officers, directors and owners
- File a $10,000 surety bond
If you have any questions, refer to the LicensE Applicant User Guide.
*Note: Once you have your license, you still need to submit a separate request to host an event. Read the Unarmed Combat Sports Promoter License Information document to learn more.
