If you are engaged as a Boxing Promoter in the State of Illinois, you are required by the Illinois Department of Financial and Professional Regulation to execute an Illinois Promoters License (Boxing) Surety Bond in an amount of $5,000 to ensure compliance with the provisions of Illinois Public Act PA 91-0408(C).
Bonds Express offers an Illinois Promoters License (Boxing) Surety Bond with a 99% approval rate.
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 Illinois Promoters License (Boxing) Surety Bond holds you accountable for your business decisions.
By possessing an Illinois Promoters License (Boxing) Surety Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.