Professional Boxing, Wrestling and Martial Arts Event Surety Bond
This bond is required for anyone who organizes or promotes professional boxing, wrestling, or martial arts events in Virginia. It acts as a financial guarantee that promoters will follow state laws and regulations, pay fighters and officials what they're owed, and meet their contractual obligations. If a promoter brea…
Overview
What it is.
This bond is required for anyone who organizes or promotes professional boxing, wrestling, or martial arts events in Virginia. It acts as a financial guarantee that promoters will follow state laws and regulations, pay fighters and officials what they're owed, and meet their contractual obligations. If a promoter brea…
Who usually needs it
Licensed promoters and organizers of professional boxing, martial arts, and professional wrestling events in Virginia who are licensed (or seeking licensure) by the Virginia Department of Professional and Occupational Regulation to conduct such events for profit. This bond is required as part of their licensing process to ensure faithful compliance with Vir…
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license 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. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
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.
StateVABond amountVaries by license type or projectObligeeState of VirginiaBond classLicense BondCategoryOtherBondProfessional Boxing, Wrestling and Martial Arts Event Surety BondPlain descriptionThis bond is required for anyone who organizes or promotes professional boxing, wrestling, or martial arts events in Virginia. It acts as a financial guarantee that promoters will follow state laws and regulations, pay …Who needs this bondLicensed promoters and organizers of professional boxing, martial arts, and professional wrestling events in Virginia who are licensed (or seeking licensure) by the Virginia Department of Professional and Occupational R…
