What is a New York Ticketmaster Bond?
Get to know why this surety bond matters to your business and how to easily get one!
Start selling tickets for more than 70,000 events per year! Ticketmaster, one of the biggest ticket sellers in the world, requires its agents to secure a surety bond first before they can start selling tickets.
Every person who is intending to become an agent for Ticketmaster is required to furnish a surety bond.
The purpose of the surety bond is to ensure that the Ticketmaster agent will promptly pay all the necessary amount due to Ticketmaster regarding the selling of tickets.
If the bonded agent fails to fulfill its contractual obligations, Ticketmaster will be financially compensated by filing a claim against the surety bond.
What is the Ticketmaster Bond amount?
The bond amount is $25,000.
Your bond premium will depend on your credit score. Those who have an excellent credit score will be able to pay as little as 1% of the bond amount!
How can I get a Ticketmaster Bond?
To secure this type of bond, the Ticketmaster agent must seek the assistance of a surety bond company.
You will be asked to apply for this bond. If you’re ready to apply for one right now, you may easily do so HERE!
Once the application is received, the surety bond company will immediately process it. In our case, one of our expert surety bond agents will guide you through the whole process from the time you applied for the bond. We will make sure that you understand all the conditions before we issue the bond.
An underwriter will then evaluate the following:
- Your financial strength
- Your job/business performance history
- Your credit score
Once the pre-qualification process is fulfilled, we will execute the bond and send it to you!
What are the surety bond conditions?
- The surety bond should be issued by a surety bond agent or company that is authorized to conduct business in the State of New York
- The surety bond parties:
Principal – Ticketmaster agent
Obligee – Ticketmaster LLC
Surety – Surety Bond Authority
- The Ticketmaster agent should obey the rules and regulations set forth by Ticketmaster
- If the Ticketmaster agent violates any of the rules and regulations of Ticketmaster as stated on the surety bond, the person who has been harmed by the violation will be eligible to file a claim against the surety bond up to its penal sum
Do you need your surety bond as soon as possible? APPLY NOW!