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Athlete Agent Bond

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What is an Athlete Agent Bond?

Throughout the country, many states require individuals who represent athletes professionally to hold a license as an athlete agent. Getting a license for this type of business includes posting an athlete agent bond. This type of surety bond protects athletes and their interests. Athletes who suffer financial losses or damages due to an agent’s negligence or violation of state laws can submit a claim against an athlete agent bond.

An athlete agent bond works like other surety bonds as a three-party contract. The surety company provides the bond to the licensed athlete agent who is known as the principal. The obligee is the state agency requiring an athlete agent bond. If you would like to learn more about what surety bonds are and how they work, you can read our detailed guide here.

What Does an Athlete Agent Bond Cost?

The requirements for athlete agents differ from state to state, including the amount of an athlete agent bond that must be in place. The dollar amount of the bond dictates its price because the cost is calculated as a percentage of this amount. Athlete agents may be required to have a bond between $10,000 and $50,000 depending on state guidelines, and the price can range from 1 to 10% of the total bond.

In addition to the amount of the bond, the price you pay for an athlete agent bond depends on your personal credit. Surety companies offering athlete agent bonds need to review your financial track record to determine how much of a risk you pose as a bondholder. Bad credit can lead to paying more for an athlete agent bond.

How Do I Get an Athlete Agent Bond?

Securing your athlete agent bond is a simple process. You submit an online application providing personal and business details, and the surety company provides a fast quote for your athlete agent bond based on the total bond amount and a review of your credit.


Frequent Questions

How much does this bond cost?

The cost is usually 1 – 10% of the bond amount. Keep in mind that pricing varies based on the bond amount, and your financial strength.

What is the process?

Apply and get approved on our website, sign the surety agreements, and we will ship the bond out. If you would like to learn more about what surety bonds are and how they work, you can read our detailed guide here.

Can I get this bond with bad credit?

Yes, it’s possible, but bad credit usually results in higher rates.

Does it matter where I get a bond?

Yes. We provide the lowest rates possible as a result of the large volume of bonds we write.

What if a false claim is filed?

You must contact us immediately, as we have a team of claim specialists here to find a resolution for you. Keep in mind, it is crucial that you work with an expert in the surety industry. Learn more about how to ensure you choose the proper bond company.

Are you looking for a different type of bond?

You can take a look at our full list of license and permit bonds.


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Jennifer Henson
Our company has been with JW Surety for several years now so when we needed to obtain a bond for a new company, we immediately went to them for help. Our rep, Melissa, was extremely helpful and prompt which made the process extremely easy for me.
David Tillotson
Trying to get a local Surety Bond was like driving a car on three tires. I searched Surety Bonds and found JW Surety Bonds. I got online and filled out the information and with in 30 minutes received a response from Melissa. She was informative, friendly and helpful. One more super satisfied customer.

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