Protective footwear, such as a motorcycle or motocross boot, having a molded top gasket and/or a fold-over thermal laminate. The molded top gasket may be a substantially annular unitary piece or multi-piece construction of an elastomeric material, such as rubber, that snugly wraps around the wearer's lower leg or ankle when the footwear is worn. The fold-over thermal laminate is a piece of thermally resistant material on the outer surface of the footwear upper that extends over a portion of the rim and into the inside of the upper. One or more optional control pads also may be placed on the exterior surface of the thermal laminate.