Maryland Boxing Promoter Expense | $50,000 Boxing Promoter Expense Surety Bond
Also known as: boxing promoter expense bond
Type of Bond
A Maryland boxing promoter expense bond is a type of surety bond that is required for individuals or businesses involved in promoting professional boxing events in the state of Maryland. It serves as a financial guarantee that the bonded promoter will fulfill their financial obligations related to the event, including payments to participants, suppliers, and other entities involved. The purpose of the bond is to protect the interests of boxers, vendors, and other parties involved in the boxing event by ensuring that the promoter will cover all necessary expenses and payments. It provides assurance that the bonded promoter will act in good faith, manage funds appropriately, and fulfill financial commitments associated with the event. By obtaining the bond, the boxing promoter agrees to abide by the rules and regulations set forth by the Maryland State Athletic Commission or other relevant authorities. This may include obtaining the necessary licenses and permits, adhering to the commission's guidelines for compensation, ensuring timely payments, and maintaining accurate financial records. If the promoter fails to meet their financial obligations or violates the terms of the bond agreement, a claim can be filed against the bond. This allows affected parties, such as boxers or suppliers, to seek financial compensation for any unpaid expenses or damages resulting from the promoter's non-compliance. The bond amount for a Maryland boxing promoter expense bond is typically determined based on the projected expenses of the event, including fighter purses, venue fees, and other related costs. Boxing promoters should consult with the Maryland State Athletic Commission or a surety bond provider to understand the specific bond amount and requirements applicable to their promotional activities.
Program
The price you'll pay for your $50,000 Boxing Promoter Expense 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 $50,000 Boxing Promoter Expense 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 $50,000 Boxing Promoter Expense 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 Expense Bond Application process.
The Maryland Boxing Promoter Expense Bond amount is currently set at $50,000.
Obligee Information
An obligee is the entity that is requiring you to have the Boxing Promoter Expense bond.
For your convenience you can view a sample copy of the Maryland Boxing Promoter Expense Bond Form.
Obligee: Attorney General Of The State Of Maryland
Street: 200 St. Paul Place
State: Maryland
Zip: 21202
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!