Michigan Boxing Promoter | $1,000 Boxing Promoter Surety Bond
Also known as: boxing promoter bond
Type of Bond
A boxing promoter bond is a type of surety bond that is required for individuals or companies involved in promoting professional boxing events. It is a financial guarantee that helps ensure compliance with applicable laws, regulations, and licensing requirements related to boxing promotions. The purpose of a boxing promoter bond is to protect the interests of boxers, event attendees, and other stakeholders by providing a form of financial recourse if the promoter fails to fulfill their contractual obligations or engages in fraudulent or unethical practices. The bond serves as a guarantee that the promoter will adhere to the terms of their agreements, follow relevant regulations, and handle finances responsibly. If a promoter violates any laws or regulations or fails to fulfill their obligations, affected parties may file a claim against the bond. The bond then provides a source of compensation for eligible claims, helping to mitigate financial losses and ensure that affected individuals are appropriately reimbursed. The specific requirements for a boxing promoter bond can vary depending on the jurisdiction and governing athletic commission or regulatory body. Promoters should consult with the relevant authorities or a knowledgeable bond professional to understand the specific bond requirements applicable to their jurisdiction. Overall, a boxing promoter bond plays a crucial role in safeguarding the interests of boxers, spectators, and the integrity of professional boxing events by providing financial protection and promoting responsible business practices within the industry.
Program
The price you'll pay for your $1,000 Boxing 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 $1,000 Boxing 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 $1,000 Boxing 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 Boxing Promoter Bond Application process.
The Michigan Boxing Promoter Bond amount is currently set at $1,000.
Obligee Information
An obligee is the entity that is requiring you to have the Boxing Promoter bond.
For your convenience you can view a sample copy of the Michigan Boxing Promoter Bond Form.
Obligee: Michigan Department Of Labor & Economic Growth
Street: Po Box 30016
State: Michigan
Zip: 48908
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!