SC Contract Security Agency Bond Overview
- Purpose: To protect security agency clients from potential financial harm
- Who Needs It: Security agencies working on a contract basis in South Carolina
- Regulating Body: The South Carolina Law Enforcement Division
- Bond Amount: $10,000
- Premium Price: $100 for one year
What Is a Contract Security Agency Bond?
A South Carolina security agency bond is a financial guarantee that contract security service providers will uphold state laws and regulations.
Any entity applying for a contract security agency license in South Carolina needs this $10,000 bond. This includes any business providing private patrol, watchman, guard, security, or bodyguard service for a fee.
There is a separate bond form for private detectives in South Carolina.
How Much Do Contract Security Agency Bonds Cost?
A South Carolina contract security agency surety bond costs a flat rate of $100 per year — no application required. However, you can also save 25% by choosing a multi-year term. Buy your bond online now.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a South Carolina Contract Security Agency Bond Work?
This type of surety bond creates a legal contract between three parties.
| Bond Party | Description |
|---|---|
| 1) Principal | The security agency owner(s) |
| 2) Obligee | The South Carolina Law Enforcement Division |
| 3) Surety | The issuing surety provider |
By filing a surety bond, the agency is promising the Division that they will adhere to applicable state laws:
- Chapter 18, Title 40, S.C. Code of Laws
- Article 9, Chapter 73, S.C. Code of Regulations (73-400 to 73-422)
If you or your employees break these contract terms, you become liable for bond claims. The surety will pay out claims as needed, but you must repay them.
How Do I Get My Bond?
You can get your security agency bond online in minutes. Enter your information and checkout on this page. You’ll receive the official bond form via email in minutes.
Can I Get Bonded With Bad Credit?
Yes, there is no minimum personal credit requirement for this bond. Everyone applies at the same flat rate.
How Do I Renew My Bond?
This bond will expire after one year. Before that date, we’ll send you reminders. Follow the instructions to pay your renewal invoice. Then file the continuation certificate with the Law Enforcement Division.
How to Get a Contract Security Agency License in South Carolina
To get a contract security agency business license in South Carolina, you must meet all the requirements:
- Payment of annual license fee of $350 for unarmed registration or $45 fee and Proof of Training for Firearms form for armed registration
- Notarized contract security business application form
- Two complete sets of fingerprint cards
- A recent digital photograph
- An original $10,000 surety bond
- Notarized Judgment Statement Affidavit
- Notarized incorporation form (PD/PS-9)
- Disclosure of Principal(s) form
- SafeGuard SC Basic, Primary Plus, and/or Proof of Training forms
You must also have at least two years of supervisor experience in industrial security with another business or a SLED-approved program, or as a member of law enforcement.
