Merchant Guard Company ($5,000) Bond - Denver, CO in Colorado

Brief Summary

A Denver merchant guard company bond is a $5,000 promise to the City and County of Denver that your guard business will follow the city's licensing rules. You pay a yearly premium to the surety instead of setting aside $5,000, and the bond goes on file as part of your city license.

The Denver Merchant Guard Company bond is a $5,000 license bond posted by a company that provides guard services to merchants in the City and County of Denver. The city is the obligee. Denver's Department of Excise and Licenses handles security service licensing, so confirm the current bond form and filing steps with that office before the bond is issued.

We can help with all Colorado bonds!

How to Apply for a Merchant Guard Company ($5,000) Bond:

• Confirm with Denver Excise and Licenses which security license your company needs and that this bond is required for it.
• Have the legal business name exactly as it will appear on the Denver license.
• Owner or principal details for the surety's underwriting review.
• Complete the bond application and review the quoted premium.
• Have the surety execute the $5,000 bond on the city's current form, with the City and County of Denver as obligee.
• File the signed bond with your Denver license application or renewal.

Detailed Information About the Colorado Merchant Guard Company ($5,000) Bond:

Who posts this bond

The bond is posted by the guard company, the business that employs guards and contracts them out to merchants, not by each individual guard. Individual security guards in Denver hold their own licenses through the city's security services program, which is separate from the company's bond.

What the bond guarantees

A license bond like this one is a three party agreement. The guard company is the principal, the surety backs it, and the City and County of Denver is the obligee. The bond guarantees that the company will operate within the city's licensing ordinances and rules. If the company breaks those rules and someone suffers a loss, a claim can be made against the bond up to $5,000. The surety pays valid claims and the company must repay the surety.

Check the current license type

Denver has updated its security guard licensing rules in recent years, and license names and paperwork change. Before buying, confirm with Denver Excise and Licenses which license your company needs, that the merchant guard company bond is the instrument they want on file, and which bond form they currently accept.

What it costs

You do not pay the $5,000. The surety charges an annual premium set after it reviews the business and its owners, mainly personal credit and company history.

Eligibility and Requirements for a Colorado Merchant Guard Company ($5,000) Bond:

• Bond amount of $5,000.
• City and County of Denver named as obligee.
• Business name on the bond matching the Denver license exactly.
• Individual guard licenses for employees are handled separately from the company bond.
• Premium set by the surety after reviewing the applicant's credit and business background.

Colorado Merchant Guard Company ($5,000) Bond FAQs:

Official and Additional Resources for the Colorado Merchant Guard Company ($5,000) Bond: