Maryland Promoter | $10,000 Promoter Surety Bond

Also known as: promoter bond

Type of Bond

A Maryland promoter bond is a type of surety bond that may be required for individuals or companies engaged in promoting or organizing various events, such as concerts, exhibitions, festivals, or sporting events, in the state of Maryland. The bond serves as a financial guarantee that the bonded promoter will fulfill their obligations, comply with the applicable laws and regulations, and protect the interests of the public and participants involved in the event. The purpose of the bond is to ensure that the promoter operates with integrity, professionalism, and in accordance with established guidelines. It provides assurance that the bonded promoter will meet their contractual obligations, make necessary payments to vendors, suppliers, and performers, and handle ticket sales, revenue, and refunds in a responsible manner. By obtaining the bond, the promoter agrees to abide by the requirements set forth by the Maryland State Police or other relevant regulatory authorities. This may include obtaining the necessary permits and licenses, adhering to safety and security protocols, maintaining accurate financial records, and meeting any specific conditions imposed by the regulatory body. If the bonded promoter fails to fulfill their obligations or violates the terms of the bond agreement, a claim can be filed against the bond. This allows event participants, vendors, or regulatory bodies to seek financial compensation for any damages, losses, or non-compliance issues resulting from the promoter's actions. The bond amount for a Maryland promoter bond is typically determined based on the requirements set by the regulatory authority or the anticipated financial obligations associated with the event. It may vary depending on factors such as the size and nature of the event, the number of participants, and the specific bond requirements in Maryland. Promoters should consult with the Maryland State Police or a surety bond provider to understand the specific bond requirements applicable to their events and to obtain the necessary bond coverage.


Program

The price you'll pay for your $10,000 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 $10,000 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 $10,000 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 Maryland Promoter Bond amount is currently set at  $10,000.

Obligee Information

An obligee is the entity that is requiring you to have the Promoter bond.

Obligee: Maryland State Athletic Commission
Street: 500 N. Calvert St. Room 304
State: Maryland
Zip: 21202