Those engaged as an Athletes Agent in the State of California are required to execute a California Athlete Agent Bond in the amount of $100,000 to ensure compliance with Section 18897.87(a) of the California Business and Professions Code.
Bonds Express offers a California Athlete Agent Bond with a 99% approval rate.
Please note, business financial statements (Balance Sheet and Profit & Loss Statement) are usually required to review prior to providing an approval.
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 California Athlete Agent Bond holds you accountable for your business decisions.
By possessing a California Athlete Agent Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.