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Maine bonds

Maine — Contract Security Company For Resident Bond

The Maine resident contract security company bond is $10,000. Apply through The Southern Agency after checking the statute’s residency test: a corporation must be incorporated in Maine, not simply have a Maine office.

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Recorded state
Maine
Bond type
Security Guard Agency Bond
Category
Professional & occupational licenses

What this bond does

Section 9409 requires licensing security for honest conduct of the licensee. The resident company provides its bond to the Commissioner of Public Safety in the prescribed form.

Who needs it
Contract security companies providing guards for others and qualifying for Maine’s resident bond requirement. The licensing principal’s residency test depends on the applicant’s legal structure.
Who it protects
The bond supports the right of a person injured by the licensee’s intentional, knowing, reckless or negligent act to bring an action on it. It is security for the licensee’s conduct, not a declaration that every security incident is covered.

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.

Confirm which residency rule applies

For Section 9409, a corporation is resident if incorporated under Maine law. For any other person, residency depends on whether the natural person qualifying for the license resides in Maine.

The resident bond is $10,000; the statute lists $50,000 for nonresidents. Use the licensing applicant’s actual structure and qualifying person rather than choosing a sum from the business mailing address alone.

Start with the licensed company’s details

Purchase Now opens Propeller in a new tab. Have the exact license holder, formation details, qualifying person and requested effective dates ready.

After issuance, review the prescribed bond form and provide it to the Commissioner of Public Safety through the licensing instructions. The licensee signs as principal and an authorized surety executes the bond. Keep the license application separate from the bond purchase.

Sources

Have these ready

  1. Exact company license holder and Maine license/application reference.
  2. Corporate incorporation jurisdiction or qualifying natural person’s residency, as applicable.
  3. Prescribed resident bond form, $10,000 requirement and requested dates.

Questions about this bond

Does a Maine business address make a corporation resident?

Not by itself. Section 9409 defines a resident corporation by incorporation under Maine law. Other applicants use the residency of the natural person qualifying for the license.

Is this the nonresident company offering?

No. This page is for the resident $10,000 requirement. Section 9409 lists a separate $50,000 nonresident requirement.

Who receives the issued bond?

The statute requires delivery to the commissioner, defined as the Commissioner of Public Safety. Use the prescribed form and current licensing instructions.

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