This bond is also known as a DC Private Detective Bond, Private Detective Business Bond, Private Investigator Bond, or Detective Bond.
What is a surety bond, and why do I need one for my Washington D.C. Private Detective Business?
A surety bond is a three-way agreement between a Principal (the individual applying for a license to open a Private Detective Business), the Obligee (District of Columbia Metropolitan Police Department, Security Officers Management Branch), and a surety company (the company financially backing the surety bond). A surety bond does NOT act like an insurance policy for the Principal; instead, it protects the Obligee from any liability in the event that the Principal violates the terms of their licensure. If you are renewing or applying for a license for a Private Detective Business in the District of Columbia, you are required to file this bond before your license is issued or renewed.
The cost of this bond is $175 for 2 years, and must remain active for the entire time your license is active. There is no credit check required. Your bond must correspond with the license year ending October 31, of the odd year.
If, during the course of your work as a Private Investigator in the District of Columbia, you fail to comply with all requirements of the Acts of Congress 47 Stat. 500, 79 Stat. 1307, there will likely be a claim filed against your bond. Claims could result from – but are not limited to – fraud, misrepresenting yourself, or impersonating a law enforcement officer. Your surety will pay the initial damages, at which point you are contractually obligated to fully repay your surety, including any associated fees that may be incurred.
Your surety may revoke your bond at any time, especially as the result of a claim against you. If your bond is revoked, your license will be invalid until you are able to file a new bond, and you will be unable to continue your business operations.
A claim against your bond acts like a mark against your “credit,” and a history of claims against your bond will complicate any future applications. Just as it is very important to follow the terms of a permit you are issued, you must do the same to maintain your surety bond.
Your bond will be issued within 1-3 days after you submit a completed application and payment.