Those engaged as Promoters for Boxing, MMA, or Wrestling events in the State of Virginia, you are required by the Department of Professional and Occupational Regulation to execute a Virginia Promoters License Bond to ensure compliance with Virginia Code § 54.1-829.
Bonds Express offers a Virginia Promoters License 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 Virginia Promoters License Bond holds you accountable for your business decisions.
By possessing a Virginia Promoters License Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.