How do you go about getting bonded?

How to go about getting bonded to get a wrestling promoter license?

  • I live in the state of Kentucky and am going to apply for for promoters license with the State Boxing and Wrestling Commision. Before filling out my application for review, I have to get a $5,000 bond. My question is, can I just go to my Allstate agent and get this. And about how much will that cost? The license itself costs $300. Unfortunetly, my state is one of the few that still regulates professional wrestling.

  • Answer:

    About 20 years ago my mother needed a bond as the administrator of my uncle's estate. The bond was for about $40,000 and it cost about $140/year. I don't know if your type of bond is any different. You should probably try your agent, and if he doesn't handle this he probably can refer you to someone who does. I think the bond is like an insurance policy to cover other people against you running off with their money. If you have $5,000 that you don't need, there is probably some way that instead of paying for a bond, they will let you put the money in a secure account that you can't touch. P.S.: Let me know if you need a bad guy manager. I'm short, so I'm thinking maybe I'd pattern myself after the Grand Wizard, except I want to interfere. I'll need an appropriate weapon (maybe a Singapore cane like the Sandman), and I'll need guarantees that the wrestlers won't touch me and I'll be able to escape after my sneak attacks.

rcslone5 at Yahoo! Answers Visit the source

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