If you are engaged as a Promoter for Boxing, Wrestling, or MMA in the State of Georgia, you are required by the Georgia Athletic and Entertainment Commission to execute a Georgia Promoters License Bond in an amount of no less than $10,000 to ensure compliance with the obligation set forth in the Georgia Athletic and Entertainment Commission rules and regulations.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Georgia Sports Promoter Bond holds you accountable for your business decisions.
By possessing a Georgia Sports Promoter Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.