The Commonwealth of Virginia Department of Professional and Occupational Recreation, Boxing, Martial Arts, and Professional Wrestling Advisory Board oversees Professional Boxing, Martial Arts and Wrestling Promoters and the events that they conduct. Virginia requires any person or entity that promotes boxing, martial arts, or wrestling events and that makes a profit from such, must obtain a license and a surety bond. The surety bond ensures compliance of state laws and payment on gross tax receipts and fulfillment of contracts. A promoter or manager can not hold a match, judge or promote any event until a license is obtained.
The premium that you pay for a Event Surety Bond is dependent on credit and the bond amount required. Our rates start as low as 1% the bond amount with good credit. Contact our Surety Bond Specialists for a free quote that fits your specific situation.
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
For a downloadable application