Oregon Private Security Entity Bond Guide
If you’re applying for a private security entity license in Oregon, you’ll likely need this surety bond.
Bond Overview
- Purpose: To ensure security providers follow state regulations and pay employee wages
- Who Needs It: Private security business owners in Oregon
- Regulating Body: The Oregon Department of Public Safety and Training
- Required Coverage: $5,000, $10,000, $20,000, or $30,000
- Premium Rate: 1–10%, credit-based
Learn all about the bond requirements and process in this guide.
What Is an Oregon Private Security Entity Bond?
An Oregon private security entity bond guarantees clients that security providers will work according to state regulations and have the funds to pay employee wages.
Alternatively, you can prove financial security with a trust agreement or an irrevocable letter of credit. However, a surety bond is typically the most affordable and efficient option.
Which Bond Amount Do I Need?
The required bond amount depends on the number of executive managers, private security professionals, and supervisory managers employed by the private security entity.
| Number of Employees | Bond Amount |
|---|---|
| 1–10 | $5,000 |
| 11–20 | $10,000 |
| 21–50 | $20,000 |
| 51+ | $30,000 |
How Much Do Private Security Entity Bonds Cost in Oregon?
Oregon private security entity bonds cost a small percentage of the bond amount, typically 1–10%.
For example, you could pay as low as $200 for the $20,000 bond. Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Private Security Entity Bond?
The Oregon Department of Public Safety and Training (DPST) requires this bond as part of the licensing process for private security entities in the state.
Private security entities include any person or business that employs or contracts private security personnel to provide security services. School campus security and individual private security professionals are exempt.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get an Oregon private security entity bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll email you the bond shortly after purchase. Be sure to file the bond with the Oregon DPST as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does an Oregon Private Security Entity Bond Work?
As with all surety bonds, a private security entity bond creates a legal contract between three parties:
- Principal: You, the private security entity filing the bond
- Obligee: The Oregon DPST requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of ORS Chapter 181A.
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 private security entity bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
