Boxing Promoter Bond - Statewide in Florida
Table of Contents
Brief Summary
The $15,000 promoter bond is the floor, not always the ceiling. Florida can ask for more security on any single match it expects to carry bigger liability, so the smart move is to have a surety relationship in place before you book a card. A bond also keeps your cash free, where the cash alternative stays locked with the commission for at least a year.
Every promoter licensed by the Florida Athletic Commission must post a $15,000 surety bond, cash or certified check before the license is issued, under Fla. Stat. 548.014 and Rule 61K1-3.002. If the commission projects that a particular match could create liability above $15,000, it can require additional security for that event alone.
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How to Apply for a Boxing Promoter Bond:
- Contact the Florida Athletic Commission about event date availability before applying.
- Have the promoter's legal name exactly as it will appear on the license application.
- Owner or principal name, home address and Social Security number for the credit review.
- Complete the bond application and review the quoted premium.
- Receive the executed $15,000 bond on Form BPR-0009-465 and file it before the license is issued.
- Ask the commission early whether a planned match will trigger additional security on Form BPR-0009-472.
Detailed Information About the Florida Boxing Promoter Bond:
Who has to post this bond
Florida regulates professional boxing, kickboxing and mixed martial arts through the Florida Athletic Commission, part of the Department of Business and Professional Regulation. Section 548.014 of the Florida Statutes requires a promoter to file a surety bond with the commission before a promoter license is issued or renewed, and before a promoter receives an event permit. The statute sets the amount as a reasonable figure determined by the commission of at least $15,000.
The base bond and the per-match add-on
Rule 61K1-3.002 fixes the base requirement at $15,000, posted before the license is issued. What many promoters miss is the second tier. When the commission determines that the projected liability for a match may exceed $15,000, it can require additional security. That extra security covers only the designated match and is released 90 calendar days after the event, unless the commission holds it longer over violations or suspected violations.
What the bond guarantees
The bond backs the promoter's faithful performance of its obligations under chapter 548 and its contracts with other licensees, such as fighters and officials. Recovery is capped at the bond amount plus any other security on file. If the bond lapses, the promoter license is automatically void.
Forms and the cash option
The base bond is written on Form BPR-0009-465, Surety Bond for Promoter, and any additional bond on Form BPR-0009-472. The bond runs to the Florida Athletic Commission. A promoter may deposit cash, a certified check or direct obligations of the United States or Florida instead, but that deposit cannot be returned until a year has passed since it was made, at least 90 days have passed since the last match, and the license has expired or been cancelled. Confirm current form versions with the commission before the bond is issued, since the commission notes its forms have changed.
Eligibility and Requirements for a Florida Boxing Promoter Bond:
- A surety company authorized to do business in Florida.
- Florida Athletic Commission named as obligee.
- Base bond amount of $15,000, with more security possible for individual matches.
- A power of attorney with no expiration date attached to the bond.
- At least 60 calendar days written notice from the surety before cancellation.
Florida Boxing Promoter Bond FAQs:
No. $15,000 is the base requirement for the license. If the commission projects that a specific match could create liability above $15,000, it can require additional security for that match, which is released 90 calendar days after the event.
Yes. Florida accepts cash, a certified check or direct obligations of the United States or Florida. The commission pays no interest on it, and it cannot be returned until at least one year after deposit and 90 days after your last match.
The surety must give at least 60 calendar days written notice. If the bond is not kept in full force, the promoter license is automatically void.
The surety prices the bond on the owner's credit, business finances and promotion history. Stronger credit generally means a lower rate. You get an exact quote after applying.
