Private Investigator Surety Bond
A private Investigator bond, also referred to as a detective bond, is protects customers who employ the services of a private investigator
Key Highlights
- A private investigator has to consult with the relevant authorities and comply with the requirements for before licensing.
- The amount of the bond is determined by the authority that issues the applicable license.
How do I purchase a private investigator bond?
NFP, the nation's largest and most reliable surety company, is authorized to issue private investigator bonds in each of the 50 states. We can provide the best rates for your bond, as well as the fastest issuance, to get your business off and running.
Our short online application makes it easy. Click below to start the application process today.
Private Investigator Surety Bond FAQs
A private Investigator bond (also referred to as a detective bond) protects customers who employ the services of a private investigator, who needs to be licensed by PIB. The amount of the bond is determined by the authority that issues the applicable license.
A private investigator bond is a contract between three parties: the private investigator business, the local or state authority, and the bond underwriter. The required amount for the bond varies by state. Private investigator bonds act as the guarantor to licensing authorities by making sure that the bonded party meets its responsibilities according to the law.
To get the license from the state or local authority, you have to obtain a form and provide the required details before submitting it to the organization. Once approved by the organization, the private investigators contribute premium bonds to the organization. This amount varies from place to place as there is no set amount by the organizations that specialize in this type of service.
A private investigator has to consult with the relevant authorities and comply with the requirements before licensing. Investigative assistants, private investigation agencies, private and protective security agencies, security guards and agencies, and other related organizations must be bonded.
The bond cost varies by state/region and depends on the requirements where you are doing business. It also depends on whether you require it individually or as a group, where normally the charges for more than one person are higher. Actual costs are expressed as a percentage of the total bond amount.
The amount paid also depends on the strength of your personal and business finances.
The best way to determine the exact bond for you is by consulting with the local or state authorities. In some of the markets, the premiums range from 1 to 3% of the required bond amount.
The term bad credit typically means low credit scores, tax liens, lack of money, and/or civil judgments. Obtaining a bond is possible, but the premium will increase, typically to between 4 and 15%.
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