Ohio Athlete Agent Bond Guide
In Ohio, if you want to become a registered athlete agent, you must file a $15,000 surety bond to comply with Ohio Athletic Commission standards.
Bond Overview
- Purpose: To protect athletes from financial harm caused by negligent or fraudulent agents
- Who Needs It: All athlete agents registered in Ohio
- Regulating Body: The Ohio Athletic Commission
- Required Amount: $15,000
- Premium Rates: $150
Keep scrolling to learn more about how athlete agent bonds work in Ohio.
What Is an Ohio Athlete Agent Bond?
An Ohio athlete agent bond holds athlete agents accountable for upholding client contracts and handling funds properly. This type of surety bond is required to become a licensed athlete agent in Ohio.
How Much Do Athlete Agent Bonds Cost?
The Ohio Athletic Commission requires all athlete agents to file a $15,000 bond. The bond premium is a flat rate of $150 — just 1% of the total bond amount.
Your premium will be rounded based on your term start and end dates. Select a multi-year term at checkout to save 25% and time on renewals.
SuretyBonds.com offers the lowest rates available from our nationwide network of surety providers with no added fees.
How Does an Ohio Athlete Agent Bond Work?
An Ohio athlete agent bond is a legal contract between three parties:
- Principal: The athlete agent purchasing the bond
- Obligee: The Ohio Athletic Commission requiring the bond
- Surety: The provider issuing the bond
Under this contract, you, as the principal, promise to uphold all agent contract requirements according to state standards.
If you break the bond terms, harmed parties can file claims on the bond. The surety will validate and pay claims up to the full bond amount. However, you are ultimately responsible for refunding the surety.
Who Needs an Athlete Agent Bond?
Under Ohio Code Section 4771.11, the Ohio Athletic Commission requires all athlete agents seeking a certificate of registration to provide proof of financial security in one of three ways:
- A $15,000 surety bond
- A $15,000 CD or savings account assigned to the state
- A certification proving $50,000+ in malpractice insurance
For most applicants, a surety bond is the most affordable and efficient option. Learn more about surety vs. insurance here.
How Do I Get an Athlete Agent Bond in Ohio?
SuretyBonds.com provides the fastest and easiest way to get an athlete agent bond. Follow these simple steps:
- Apply Online: Enter your information in our online portal
- Pay Invoice: Complete your purchase online or over the phone
- Receive Bond: Receive your official bond form via email within minutes
Upon receipt, file the bond documentation with the Ohio Athletic Commission.
How Fast Can I Get My Bond?
SuretyBonds.com offers instant Ohio athlete agent surety bond delivery 24/7. Purchase now to receive your official bond in minutes by email.
Can I Get Bonded With Bad Credit?
Yes, since this bond is instant issue, you can get bonded regardless of credit score. Instant issue bonds are automatically approved at the same price for all applicants.
How to Renew Your Athlete Agent Bond
Ohio athlete agent bonds expire annually unless you purchase a multi-year term. We’ll send you reminders and a renewal invoice before your bond expires. To renew your bond, all you need to do is pay the renewal premium.
Note: You must maintain an active bond policy for two years after exiting any client contract. However, the surety or the Ohio Athletic Commission can cancel the bond at any point by giving a 30-day written notice of cancellation.
How to Become an Athlete Agent in Ohio
The Ohio Athletic Commission (OAC) oversees athlete agent registration in Ohio. To receive a certificate of registration, complete the following steps:
- Apply: Complete the application found on the OAC website
- Pay: Pay the required fees, including a $500 2-year license fee and a $500 business entity application fee
- Prove Financial Security: Submit proof of financial security, such as a $15,000 surety bond
Once approved, you will receive a certificate of registration, valid for 2 years. Learn more about the application process in Section 4771.07 of the Ohio State Code.
