License & Permit
Security Guard Agency Bond
A security guard agency bond is a license bond some states require from companies that provide guards, watch, or patrol services.
- Required by
- State licensing agencies (for example, the New York Department of State)
- Bond amount
- Set by whoever requires the bond. We confirm it.
What this bond guarantees
The bond runs to the state for the benefit of anyone harmed by the agency's violation of the licensing law. In New York, a person injured by willful, malicious, or wrongful acts of the licensee or its employees can sue on the bond. A claim arises when the agency breaks the law and someone suffers a loss.
Who needs it
- Security guard companies
- Watch and patrol agencies
- Combined private investigator and guard agencies
What the underwriter looks at
- State bond amount
- Owners' credit
- Years in business
- Claims history
Requirements vary by state and by who asks for the bond. Send us the request you received and we will confirm exactly what it calls for.
Common questions
How much is the bond?
It depends on the state. New York requires $10,000. Some states allow liability insurance instead, and Florida requires liability insurance rather than a bond.
Is the bond the same as liability insurance?
No. The bond protects the public and the state if you break the law. Liability insurance protects your business from injury and damage claims.