Georgia Athlete Agent Bonds

Purchase Your Georgia Athlete Agent Bond Today

Why is a Georgia Athlete Agent Bond Required?

The Department of Athlete Agents establishes the requirements for getting licensed. This process is put in place as the primary means to qualify the individuals who have the means and resources to be successful agents and serve their clients well.

However, getting licensed is not a full proof method of holding each licensed individual and business accountable to the laws and their clients.

This is why the Department of Athlete Agents requires the bond. The surety bond provides the financial penalty to hold each licensed agent accountable to their duties as an agent.

The surety bond is a special type of insurance you purchase for the protection of your clients.

As an agent, if you were to purposefully commit fraudulent acts your client or even an athletic department could make a claim against the bond for financial compensation.

Examples of these actions can include:

• Making materially false, misleading, or deceptive claims to your client
• Stealing from your clients money
• Falsifying contract percentages or back in additional fees to yourself
• Predating or postdate contracts
• Lying to an athlete or athletic department causing the athlete to lose eligibility
• Financially harming your client in any purposeful way

A claim against your bond, if found to be legitimate, would immediately pay out to the harmed party and you would be responsible for paying back the money.

It's important to understand the maximum amount of any one or multiple claims against a bond is capped at the bond amount of $10,000.

How Much Does a Georgia Athlete Agent Surety Bond Cost?

The bond amount for athlete agents is set at a minimum of $10,000.

In most cases this will be the bond amount for new agents. When a state says "minimum" it usually means they might raise the bond amount if an agent has been in trouble in the past.

And as we've mentioned, this bond amount is the maximum amount of money available if a valid claim is made against your surety bond.

To purchase a $10,000 bond, you will pay a small fraction of this amount, similar to a traditional insurance policy.

How Is The Surety Bond Price Determined?

At a high level, all surety bonds are priced by a surety. A surety is the insurance company that offers to underwrite athlete agent surety bonds.

And in most cases, similar to a typical insurance policy, your personal credit and experience will play a key role in determining the price you pay.

However, we are Surety Bonds Direct. We're a specialized surety agency with access to the top A-rated sureties.

This allows us to price shop for our customers and find the lowest price. In the case of the Georgia athlete agent bond, we can offer the lowest possible price with no background or personal credit check.

You can purchase your bond today for $100.

This is one payment for your bond term of 12 months. We'll talk more about the renewal process below because these bonds have a hard expiration date of June 30th.

Click the card above or in the table below to purchase your bond and get your bond requirement checked off your licensing process.

Click here and complete our quote form. It's fast to fill out and if you prefer to speak with a person, call a bond specialist at 1-800-608-9950.

What Happens After You Purchase Your Bond?

When you purchase, you only need to complete an online checkout form. If you prefer you can purchase over the phone as well.

After your payment is processed our bond issuance team will prepare your bond with the:

• Correct bond form for Georgia athlete agents
• Required signatures and seals
• Power of attorney

Once your bond is complete you will receive an email with your bond attached.

All you have to do is submit it with your application.

If you need a physical copy, let us know and we can mail the original bond to you. However, the Department will accept a copy as proof of your active bond.

How Long Does An Arkansas Medical Waste Surety Bond Last

During the purchase process, you will choose an activation date (officially called your effective date). This is when your bond takes effect.

As we've mentioned all Georgia athlete agent surety bonds have a hard renewal date of June 30th.

When you purchase, you're assigned a bond specialist who will manage your bond for you. About 30 to 40 days in advance, you'll receive an email and call reminding you about the approaching expiration date.

All you have to do is pay the renewal premium which, unless the bond amount is changed by the state, will remain $100 and you're done for the next 12 month period.

When you purchase your bond for the first time, the price will be prorated for either the short remaining months until the June 30th expiration or you might be able to pay for the entire following year as well.

If you're ready to get this licensing requirement done today, click here and complete our quote form. It's fast to fill out and if you prefer to speak with a person, call a bond specialist at 1-800-608-9950.

Athlete Agent Bonds And Getting Your Georgia Business License/Registration

Getting licensed as an athlete agent is a straightforward process with some specific requirements including:

• Completing the application and having is notarized
• Purchasing your surety bond
• Showing the details of your employment history
• Showing proof of the education related to becoming an athlete agent
• Providing your designation of agent if applicable
• Providing any actions or past sanctions against you (this is where your specific bond amount may be increased)
• Paying all applicable fees