If you are engaged as a Boxing Promoter in the State of Pennsylvania, you are required by the Pennsylvania State Athletic Commission to execute a Pennsylvania Promoters License (Boxing) Bond in the amount of $10,000 to ensure compliance with the Boxing Act, 5 Pa.C.C. § 301.
Bonds Express offers a Pennsylvania Promoters License (Boxing) 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 Pennsylvania Promoters License (Boxing) Bond holds you accountable for your business decisions.
By possessing a Pennsylvania Promoters License (Boxing) Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.