What is a Denver Merchant Guard Company Bond?

Get bonded to get licensed! Know-how today!

 

One of the most important requirements to establish a Merchant Guard Company in the city of Denver is by obtaining a surety bond. The bond is mandated by Chapter 42 of the Revised Municipal Code of the City and County of Denver.

 

A Merchant Guard Company is a business entity that provides merchant guards to any person or property.

 

A merchant guard, on the other hand, is a uniformed individual employed by the company as mentioned above that is tasked to protect a person or property.

 

What is the bond amount?

The bond amount is $5,000, made payable to the City and County of Denver, Colorado.

 

You may qualify for a very low bond premium or just 1% of the bond amount! Find out now by getting your FREE quote here!

 

What are the Denver Merchant Guard Company Bond conditions?

  • The bond will be a legally binding agreement between these three parties:
    • Principal – The Merchant Guard Company
    • Obligee – the City and County of Denver
    • Surety – surety bond company who will issue the bond
  • The principal should comply with the provisions of Chapter 42 of the Revised Municipal Code of the City and County of Denver.
  • A claim on the bond can be made in case of non-compliance to any of the terms of the Chapter
  • A claim on the bond may be filed in case the principal violates any conditions that caused harm to the person or organization who employed the principal, as well as the City.
  • In the case of bond cancellation, a 90-day notice is required.

 

How can I obtain this type of bond?

You can secure one by following these simple steps:

 

STEP 1: Submit an application for the bond.

Once we have received your application, one of our expert surety bond agents will contact you to guide you through the whole bonding process.

 

STEP 2: Underwriting

Provide the necessary information needed for the underwriting process. This will include your financial history, your business performance history, and your credit score.

 

STEP 3: Bond execution

We will issue the bond and send it to you immediately.

 

What else are the Denver Merchant Guard Company License requirements?

  • Completed Merchant Guard Company Application form
  • Submit a completed Applicant Criminal History form
  • File an Affidavit of Lawful Presence
  • Provide a Secure and Verifiable Identification such as but not limited to, valid Colorado Driver’s License, valid U.S. Passport, Valid 1551 Resident Alien/Permanent Resident Card, or a Tribal Identification Card.
  • The business property’s lease contract or deed
  • Two-color photos of uniform
  • Use of identical request letter with a description
  • Full set of fingerprints
  • Pay the necessary fees:

Application Fee:

  • $100 for 1 - 25 guards
  • $200 for 25 or more guards

License Fee:

  • $100 for 1 - 25 guards
  • $200 for 25 or more guards

 

Ready to start? Apply here!