New York - Boxing and Mixed Martial Arts Promoter ($20,000) — required surety bond in New York. Apply online in minutes.
The New York Boxing and Mixed Martial Arts Promoter Bond is a surety bond that ensures promoters of combat sports adhere to state athletic regulations. It guarantees the proper payment of applicable taxes, state fees, and contractual financial obligations owed to athletes and officials.
Individuals or business entities organizing professional or amateur boxing, sparring, or mixed martial arts events in New York typically need this bond. Anyone applying for or renewing a promoter's license through the state athletic commission generally must secure this coverage before hosting an event.
The state requires this bond to protect participants, officials, and the public from financial harm resulting from a promoter's negligence, fraud, or breach of contract. It provides a financial guarantee that the state will receive owed tax revenues and that fighters will be paid their agreed-upon purses. If a promoter fails to fulfill these obligations, harmed parties can file a claim against the bond for compensation.
Securing your bond is simple with Noah Insurance Agency. Click the Apply Now button to complete our secure, approximately five-minute online application. Once approved and processed, your official bond will be delivered directly to your inbox via email.
Premiums are not a flat rate and vary based on the applicant's personal credit history and financial profile. To get an exact price for your specific situation, simply submit an online application.
If a claim is filed, the surety company will investigate the allegations. If the claim is found to be valid, the surety will compensate the harmed party up to the full bond amount, and you will be legally responsible for reimbursing the surety company.
Licensing and bonding requirements vary depending on your specific operations and the scope of your events. You must verify these exact requirements directly with the issuing state agency to ensure full compliance.
Approval and processing times vary by applicant. However, completing the online application with Noah Insurance Agency (814-718-0060) is the fastest way to get your quote and have your bond issued.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
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