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Iowa bonds

Iowa — Private Investigative Agency And Private Security Agency Bond

An Iowa agency seeking both private-investigation and private-security licenses needs at least a $10,000 surety bond under Iowa Code §80A.10. The minimum is $5,000 for just one licensed business type. Before using The Southern Agency’s application, confirm which types are in your DPS agency file; the words in this page’s title do not select them for you.

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Recorded state
Iowa
Bond type
Security / Investigation / Locksmith Bond
Category
Professional & occupational licenses

What this bond does

File the agency’s financial security with the Iowa Department of Public Safety (DPS) for faithful, lawful, and honest operation by the applicant and its employees. DPS requires the bond and completed PD6 form together, with the same agency name used on the license application.

Who needs it
The agency applying for private-investigation, private-security, or both of those business licenses in Iowa. Identify the agency and its qualified licensee representative. The agency bond is different from the State-issued ID cards needed by workers who perform the regulated services.
Who it protects
Iowa Code §80A.10 lets a person injured by a breach of the bond’s conditions seek legal damages on it, with aggregate surety liability limited to the bond amount. PD6 is bound to a person injured by such a breach. DPS receives the filing; that receiving role should not be confused with the people protected by the obligation.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Count licensed business types, not employees

One private-investigation or private-security business type has a $5,000 minimum. An agency licensed for more than one Chapter 80A business type has a $10,000 minimum. Hiring another investigator does not, by itself, turn one licensed type into two.

PD6 has activity selections for the State’s regulated agency types. Complete them to match the DPS file. Have the agency’s legal name, entity records where applicable, and designated licensee representative ready; do not replace the agency name with an employee’s identity.

Prepare PD6 alongside the bond and insurance evidence

DPS says a surety authorized to do business in Iowa must issue the form. Its application instructions call for the bond and completed PD6 together, and PD6 includes a principal signature, witness-to-principal line, and authorized surety signature.

Liability insurance is a separate application item under DPS’s financial-responsibility instructions. Its agency name must also match the license file. Uploading an insurance certificate alone does not fulfill the separate PD6/bond instructions.

Follow the agency file through the State process

DPS first uses its Start Your Own Company submission to create an agency profile, then sends instructions for the full PD1 application. Use that State file and its requested license types before completing the financial document.

Purchase Now opens Propeller in a new tab. Check the application against the $5,000 or $10,000 minimum for your licensed types, agency name, PD6 activities and conditions, and dates. The choice here displays no amount or duration; confirm them in the application rather than assuming they match the State minimum.

The form remains effective under its provisions until terminated. PD6 requires certified-mail cancellation notice to the Commissioner of Public Safety and the principal; future liability ends thirty days after mailing, while prior covered acts remain subject to the form. Keep the issued document and submit the State application materials as directed.

Sources

Have these ready

  1. DPS agency profile/PD1 instructions, actual licensed business types, legal agency name, and licensee representative.
  2. Correct one-type $5,000 or multiple-type $10,000 minimum, completed PD6 activities, and matching issued bond.
  3. Authorized principal signer, witness, surety signature, and actual effective dates.
  4. Separate liability-insurance evidence with the matching agency name and current DPS upload/submission instructions.

Questions about this bond

Does having two investigators automatically mean a $10,000 bond?

No. Section 80A.10 bases these minimums on the number of licensed business types, not headcount. Private investigation alone is one type; private investigation plus private security is more than one. Employee ID requirements are separate.

Is DPS the only party the obligation protects?

DPS receives the licensing documents, but PD6 is bound to a person injured by a breach of its conditions. The statute provides an injured-person action for legal damages and limits aggregate surety liability to the bond amount. It does not promise payment of every complaint.

Can the liability insurance certificate replace PD6?

DPS lists them separately. Its instructions require liability-insurance evidence and the bond with completed PD6, with matching agency names. Follow the full State file rather than substituting one document for the other.

Can the surety end future coverage immediately?

PD6 provides certified-mail notice to the Commissioner of Public Safety and the principal, with thirty days after mailing before future liability ends. It preserves responsibility under its terms for covered acts before cancellation. Read the issued form and keep the State file current.

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