What is the purpose of a California Professional Club and Promoter’s Bond?
The California Professional Club and Promoter’s Bond is required by the State Athletic Commission. It is essential for all those who want to get a Promoter’s license. The bond serves as a guarantee to the state that the promoter will pay all the taxes and fines due. It also guarantees payment of contributions for medical insurance and to the pension as well as disability fund. Additionally payment of assessments for neurological examinations, as specified in the Business And Professions Code Section 1871(c)
Professional promoters in California, will be required to secure a bond based on the decisions by the State Athletic Commission. All professional promoters are required to have a bond in the amount of $50,000 and amateurs $1000. These amounts are subject to the discretion of the Commission, The Commission may raise amounts based on the number of shows. To determine the cost of this bond, complete our easy online application.
- Submit a completed Application form
- Pay the license fee: $1,000 for professional promoters, or $250 for amateur promoters
- Undergo live scan fingerprinting
- Medical insurance coverage certification
How do I obtain a California Professional Club and Promoter’s Bond?
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). When the paperwork is finished and the premium is processed, your surety bond will be shipped. Either via USPS Priority Mail or your preferred expedited shipping method(for an additional cost).
The surety bond experts at Surety Solutions Insurance Services, Inc.(Surety1), are available to help you get bonded quickly and with ease. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.