Security alarm businesses in Delaware are regulated by the State Police's Department of Professional Licensing Section. The state requires these businesses to be licensed, and a part of licensing is to obtain a form of security in the form of a cash bond or a surety bond.
The security guarantees faithful and honest conduct of the business. Delaware House Bill 93, passed in 2017, changed the surety bond amount from $10,000 to a requirement of either a cash deposit or a surety bond in an amount determined by the Professional Licensing Section.
Applicants for a license must provide:
Licenses for a security alarm business expire after two years from the date of issuance. A new license is required if there is a change in ownership.
The premium you pay for a Delaware security alarm business surety bond depends on the bond amount and your credit. Our rates start at $100 for bond amounts $10,000 and under with good credit. For surety bonds over the amount of $10,000, our rate starts at 1% of the bond amount with good credit. Contact our Surety Bond Specialists for a free quote based on your specific situation.
Those who are licensed will receive an identification card, which is to be carried by the cardholder when working at the security alarm business and must be presented upon request.
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
For a downloadable application