This bond is required for anyone who wants to organize or promote professional boxing matches in New York State. The state requires this $20,000 guarantee to protect boxers, vendors, and others involved in boxing events. If the promoter fails to pay fighters their agreed purses, doesn't cover event costs, or breaks ot…
Overview
What it is.
This bond is required for anyone who wants to organize or promote professional boxing matches in New York State. The state requires this $20,000 guarantee to protect boxers, vendors, and others involved in boxing events. If the promoter fails to pay fighters their agreed purses, doesn't cover event costs, or breaks ot…
Who usually needs it
Licensed Boxing or Mixed Martial Arts (MMA) promoters in New York who are applying for a professional license must obtain this bond. The bond guarantees payment of fighters' purses, salaries of club employees licensed by the New York State Athletic Commission, and legitimate expenses for printing tickets and advertising materials.
Pricing & timing
What to expect.
Generic pricing
Miscellaneous commercial bonds cover a wide range of business obligations not fitting other categories. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Pricing varies by specific bond type and requirements. Some miscellaneous bonds may price higher depending o…
Typical timeframe
Credit-based approval — varies by bond type
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateNYBond amount$20,000ObligeePeople of the State of New YorkBond classMiscellaneous CommercialCategoryOtherBondBoxing Promoter Guarantee Bond - $20,000Plain descriptionThis bond is required for anyone who wants to organize or promote professional boxing matches in New York State. The state requires this $20,000 guarantee to protect boxers, vendors, and others involved in boxing events…Who needs this bondLicensed Boxing or Mixed Martial Arts (MMA) promoters in New York who are applying for a professional license must obtain this bond. The bond guarantees payment of fighters' purses, salaries of club employees licensed b…
