How much does a $5,000 security guard company bond cost in Denver?
The Department of Regulatory Agencies requires companies to post a $5,000 surety bond if they provide professional security services.
SuretyBonds.com issues these bonds instantly starting at $100. However these bonds expire on December 31, so the exact premium you will pay may be prorated.
|Bond Type||Bond Amount||Cost|
|$5,000 Denver Merchant Guard Company Bond||$5,000||$100|
Why do I need this bond?
By posting a security guard surety bond, a company ensures business will be performed in accordance with the provisions of Chapter 42, Article V of the Revised Municipal Code of the City and County of Denver. For example, this bond requires such companies to pay all wages and salaries due to its agents and employees. If the applicant fails to do so, a claim can be made against the bond by the city and/or any person who was injured by the company’s faulty business practices.
What’s the fine print?
Denver, Colorado security guard company bonds are continuous until canceled and must be renewed annually on December 31. If the bond is to be canceled, the surety must provide 90 days’ notice. In order for the obligee to accept the bond, the principal’s signature on the bond form must be witnessed.
How to become a merchant guard company in Denver
In addition to submitting a surety bond, Denver merchant guard companies must take the following steps to get licensed:
- Submit merchant guard company application
- Fill out applicant criminal history form
- Provide photo IDs for all employees
- Send full set of fingerprints by mail to Colorado Bureau of Investigations
- Pay all application fees
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