Athlete Agent Bond Guide
Bond Overview
- Purpose: To hold athlete agents financially liable for properly managing athlete contracts and funds
- Who Needs It: Athlete agents in California, Georgia, Maryland, Ohio, Oklahoma and Texas
- Regulating Body: Typically the Secretary of State or state athletic commission
- Required Amount: $5,000–$100,000, depending on the state
- Premium Rates: Start at 1% of the bond amount, may vary based on credit score
Read on to learn how athlete agent bonds work and request your free quote.
What Are Athlete Agent Bonds?
Athlete agent bonds protect athletes from financial harm caused by fraudulent or negligent agents. This type of surety bond holds athlete agents accountable to meeting laws and regulations, upholding contract terms, and properly handling funds. Athletes can file claims for reimbursement from the surety if they are harmed by a bonded agent.
How Much Do Athlete Agent Bonds Cost?
Athlete agent surety bonds cost a small percentage of the total bond coverage, typically 1–5%. For example, a $100,000 California athlete agent bond starts at just $1,000 for qualified applicants.
Exact pricing is determined based on personal credit score. Apply to get your free quote today.
Who Needs an Athlete Agent Bond?
Several states require athlete agents to be bonded, including the following:
- California: $100,000 bond
- Georgia: $10,000 bond
- Maryland: $5,000 bond
- Ohio: $15,000 bond
- Oklahoma: $50,000 bond
- Texas: $50,000 bond
Select your state below to learn more and get your free quote.
How Do Athlete Agent Bonds Work?
Athlete agent surety bond forms are legally-binding contracts between the following three parties:
- Principal: The athlete agent licensee (you)
- Obligee: The government agency requiring the bond
- Surety: The bond provider (us)
As the principal, you must uphold the contract obligations. Otherwise, the surety will pay valid claims filed by the obligee or harmed parties then seek reimbursement from the principal.
How to Get an Athlete Agent Bond
To get your athlete agent bond, simply select your state to navigate to the bond you need. Then, you’ll either be able to checkout instantly online or submit a quick quote request form.
If an application is necessary, we’ll follow up within one business day with your free quote and digital invoice. You can purchase your bond at your convenience and we’ll deliver your documentation via email or mail. File the bond with the obligee as instructed to become officially bonded.
How Do I Renew My Athlete Agent Bond?
Most surety bonds expire annually. You’ll receive renewal notifications starting 90 days before your expiration date. Pay your invoice and follow the emailed instructions to maintain your active bond policy for another year.
Can I Get Bonded With Bad Credit?
You can likely still qualify for an athlete agent bond even with bad credit. Through our Bad Credit Bonding Program, we approve 99% of applicants. Some bonds are even available for instant online purchase with no credit check.
