The Florida State Boxing Commission requires that those who are engaged as Combative Sports Promoters need to execute a Florida Combative Sports Promoter Bond to ensure compliance with Chapter 548 of the Florida Statutes.
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 Florida Combative Sports Promoter Bond holds you accountable for your business decisions.
By possessing a Florida Combative Sports Promoter Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.