Boxing Promoter Bond in South Carolina
To get an exhibition permit in South Carolina, boxing promoters need to buy a surety bond. This bond is meant to protect event participants from financial harm caused by a promoter breaking South Carolina Statute 40-81-425 regulations. If the promoter fails to pay salaries or prizes owed, the bond ensures compensation for the affected parties. It’s essentially an insurance policy for the public. Additionally, the bond also ensures that boxers’ medical bills will be paid should they be injured during the event. The bond amount is $10,000.
