Illinois Promoter | $5,000 Promoter Surety Bond
Also known as: promoter bond
Type of Bond
An Illinois Promoter Bond is a type of surety bond required by the state for individuals or businesses that promote or organize events, such as concerts, sporting events, or other public gatherings. This bond ensures that the promoter complies with state laws, regulations, and ethical standards governing the event promotion industry. The purpose of the bond is to protect the public, vendors, and participants from potential financial loss, fraud, or unethical conduct by the promoter. It serves as a financial guarantee that the promoter will operate their business professionally, ethically, and in accordance with the law, including the timely payment of vendors, adherence to the event's terms and conditions, and compliance with safety standards and regulations. If a promoter fails to fulfill their obligations, engages in fraudulent or unethical practices, or violates state regulations, a claim can be filed against the bond to compensate affected parties for any damages or financial loss incurred. In summary, the Illinois Promoter Bond helps ensure that businesses and individuals involved in event promotion maintain a high level of professionalism and integrity, protecting the interests of the public, vendors, and participants.
Program
The price you'll pay for your $5,000 Promoter Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of $5,000 Promoter Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a $5,000 Promoter Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Promoter Bond Application process.
The Illinois Promoter Bond amount is currently set at $5,000.
Obligee Information
An obligee is the entity that is requiring you to have the Promoter bond.
Obligee: Minnesota Mixed Martial Arts Commission
Street: 2100 3rd Ave
State: Minnesota
Zip: 55303
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!