The Virginia Department of Criminal Justice Services requires every private security firm to post the Virginia Private Security Bond
The Virginia Department of Criminal Justice Services requires the Virginia Private Security Bond be posted in the amount of $100,000. However, this bond will not cost $100,000 to obtain. The cost of this bond to you will be a percentage of the bond amount, and at Surety1 we can write this bond for as low as 1% of the bond amount.
Unlike insurance, a surety bond is to protect your clients from any harm or wrongdoing by your company. If there is a claim placed on your Virginia Private Security Bond and you are found at fault, the surety company will pay out. However, you will have to pay them back.