Nevada Fight Promoter Bond

Nevada Fight Promoter Bond

Promoters of wrestling, boxing, karate, or other unarmed combat matches or events must submit a $10,000 Promoter License and Refund Bond (Fight Promoter Bond) with the State of Nevada Athletic Commission. The bond is used to protect ticket purchasers and the Commission from promoters who fail to fulfill the obligations of their license. 

VIEW YOUR BOND PRICE

The Athletic Commission exists to protect the health and safety of contestants and the public. Purchasing a Promoter Bond with Jet shows the Commission that your actions will not cause financial harm. 

What Is the Lowest Price for the Nevada Promoter License Bond?

Jet offers the Promoter License and Refund Bond for as low as $10 per month for preferred credit applicants. If you prefer annual payments, our rates start at $100 a year. Rates will depend on a soft credit check.

Bond TermCost
Monthly$10
1 Year$100
2 Years$175
3 Years$250
Nevada Promoter License Bond Cost

When you purchase your Promotor Bond with us, you are buying directly from Jet. No middlemen or outside agents are involved that will hike up your costs with broker fees and commissions. 

The Nevada Fight Promoter Bond Process With Jet

Click the application button above to see your quote for a Promoter Bond. Jet’s application is simple and only asks for general business information and a social security number (this is needed for the soft credit check, which determines your approved rate). After the credit check, you will be sent an approved rate that is immediately available to purchase. 

When purchasing your Promoter Bond, you can leave it to Jet to file with the Commission or choose to file it yourself. If sending it yourself, perhaps with the initial license application, the original bond must be filed at: 

Nevada Athletic Commission
3300 West Sahara Ave, Ste 450
Las Vegas, NV 89102

Jet will notify you when your bond is due for renewal — monthly payments are not tied to a renewal schedule and will remain in effect with each processed payment. All you have to do is fill out the renewal form (whether online or through the mail) and complete payment for the new term. 

If you no longer need your bond, email Jet at [email protected] with a written request. We will notify the Commission of the cancellation so they can begin the 30-day process before the cancellation is final. After this time period is up and Jet is released from liability, our team will calculate the remaining time on the bond into a refund. 

How Does a Nevada Fight Promoter Avoid License and Refund Bond Claims?

In its essence, the Promoter Bond is used to guarantee ticket purchasers will be refunded if the event is cancelled or postponed or that the promoter will pay all fees owed to the Commission within 15 days following the event’s advertised date. Failure to complete such payments will result in claims on the Promoter License and Refund Bond, either by purchasers who have not received a refund or the Commission. The Commission can file claims on behalf of purchasers or itself. In addition to these obligations, a promoter is bound to the Nevada Revised Statutes, Chapter 467. A claim can be filed for the recovery of damages caused by a promoter violating these statutes. 

It is in your best interest to try and complete refunds when they are required and follow the obligations of your license indicated in the statutes. If you fail to do so and receive a claim on your bond, contact Jet as soon as possible. We will review the evidence put forth to defend you against false claims, but if the evidence corroborates the claim, we are obligated to pay the injured party. Since your actions were the cause of the claim, you are held responsible and must pay Jet back. 

Does a Promoter Need Any Other Methods of Financial Assurance in Nevada?

A promoter may need to file a deposit in an amount specified by the Athletic Commission if the Promoter Bond would not be enough coverage for an event. The additional deposit must be submitted no less than five days before the event, match, or exhibition. 

Nevada Fight Promoter Bond Form

Notary Bond Application:

X

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

X

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

X

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: