California Professional Club and Promoter Bond
Bond Requirements & Set Rates
| Bond Amount Required | Annual Premium |
| Varies | Varies |
Event organizers and promoters of combative sports who host ticketed or membership-based events are required to get a surety bond under California Business and Professions Code Sections 18680 to 18685. Required by the California State Athletic Commission (CSAC), this bond ensures compliance with state laws, protects patrons, and guarantees financial accountability for club operations and event promotions.
Cost of a California Professional Club and Promoter Bond
The cost of the California professional club and promoter bond is typically a small percentage of the bond amount. The premium is based on factors, such as bond amount, the applicant’s creditworthiness, and business size.
How the California Professional Club and Promoter Bond Works
The California professional club and promoter bond guarantees the payment of athlete purses, official fees, and state taxes, ensuring the financial obligations of the event are met in full.
The California surety bond involves:
- Principal: Professional club operator or promoter (you)
- Obligee: California State Athletic Commission
- Surety: Bonding company
If a claim is filed for failure to remit fees or improper club management, the surety compensates the affected party. You, as the principal, are then responsible for reimbursing the surety for any amount paid out.
How to Get the California Professional Club and Promoter Bond
Getting bonded is a straightforward process designed to meet licensing requirements efficiently:
- Complete this online application with your business and personal details.
- Receive a quote tailored to your bond amount and risk profile.
- Purchase your bond and obtain the official certificate for filing with the CSAC.
Apply for Your California Professional Club and Promoter Bond
Protect your business and maintain regulatory compliance with the California professional club and promoter bond. NNA Surety’s fast and simple application process helps you secure your bond quickly, so you can focus on running events and serving your patrons. Get started by completing this application.