City of Greenwood Village, CO Security Guard Bond Guide
If you’re applying for a merchant patrol business license in the City of Greenwood Village, Colorado, you’ll need this surety bond.
Bond Overview
- Purpose: To protect clients from potential harmful behaviors by private security guards
- Who Needs It: All merchant patrol service companies
- Regulating Body: The City of Greenwood Village
- Required Coverage: $10,000
- Premium Rate: $100 for a 1-year term
Learn all about the bond requirements and process in this guide.
What Is a City of Greenwood Village Security Guard Bond?
A City of Greenwood Village, Colorado security guard bond guarantees that security providers will work according to local laws and regulations or face financial penalties
This type of surety bond protects outside parties if a merchant patrol service company causes property damage or personal harm.
How Much Do Merchant Guard Bonds Cost in Greenwood Village, CO?
A $10,000 City of Greenwood Village merchant security guard bond costs a flat rate of $100 for a 1-year term. Or, you can save 25% by selecting a multi-year term.
Click below to buy your bond in minutes!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Security Guard Bond?
The City of Greenwood Village, CO requires this bond as part of the licensing process for all merchant patrol service companies providing uniformed or armed protection services in the city.
Working outside of Greenwood Village? Visit our Colorado Security Guard Bond Guide to see all available bonds.
How Do I Get My Bond?
With SuretyBonds.com, you can buy your Greenwood Village merchant security guard business bond instantly online. Just enter your information and checkout in minutes.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a City of Greenwood Village Security Guard Bond Work?
As with all surety bonds, a security guard business bond creates a legal contract between three parties:
- Principal: You, the merchant patrol service company filing the bond
- Obligee: The City of Greenwood Village requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding local regulations and licensing laws.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your security guard bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
