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Virginia Boxing, Martial Arts, and Professional Wrestling Program Event Surety Bond

Virginia Boxing, Martial Arts, and Professional Wrestling Program Event Surety Bond

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Who Requires the Boxing, Martial Arts, and Professional Wrestling Program Event Surety Bond and Why Is It Needed?

A Boxing, Martial Arts, and Professional Wrestling Program Event Surety Bond is required in Virginia. The surety bond is for those licensed or seeking licensure with the Commonwealth of Virginia Department of Professional and Occupational Regulation for the purpose of engaging in the business of conducting a boxing or wrestling event, as defined in Virginia Code § 54.1-828. The bond amount or coverage amount for the surety bond must be equal to the sum of the 1) total gate fees if all seats to the event are sold and 2) total amount due to all boxers and wrestlers for their appearance in the event but in no case will the bond amount exceed $100,000.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Virginia Boxing, Martial Arts, and Professional Wrestling Program Event Surety Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.

What Does the Bond Protect Against?

The surety bond secures the faithful and honest adherence with the provisions of Title 54.1, Chapter 8.1, Code of Virginia (1950), regulations for boxing and wrestling; and payment of all damages resulting from misstatement, misrepresentation, fraud, or deceit on the part of the bonded principal, their agents or employees. The surety may cancel this bond at any time by providing 60 days written notice to the Department of Professional and Occupational Regulation.




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