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Minnesota bonds

Minnesota — Private Detective Or Investigator For Fee Bond

Minnesota requires a $10,000 state-payable bond before issuing a private detective license. Use The Southern Agency’s application route with the exact license applicant—not just the investigator’s trade name.

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Recorded state
Minnesota
Bond type
Private Investigator / Detective Bond
Category
Professional & occupational licenses

What this bond does

The bond is filed with the licensing board and names the applicant as principal. It is a separate requirement from the applicant’s additional proof of ability to respond in damages.

Who needs it
Private detective business applicants arranging Minnesota licensing security for investigations performed for a fee. Match the licensed applicant and its business structure to the board application.
Who it protects
The bond must state that the applicant and employees will faithfully observe Minnesota and United States laws. It also addresses damages suffered from the applicant’s violation of law or willful and malicious wrong in the course of business.

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.

The bond is not the insurance alternative

Section 326.3382 requires the $10,000 bond and separate proof of financial responsibility. That separate proof may be qualifying insurance, a CPA-signed annual net-worth statement or an acceptable irrevocable letter of credit.

Employee-count bands in the statute apply to the net-worth/letter-of-credit option. They do not replace the stated $10,000 licensing bond with a different employee-based bond sum.

Apply with the board’s applicant identity

Purchase Now opens Propeller in a new tab. Prepare the exact applicant name, business structure, board license/application reference, $10,000 request and required dates.

After issuance, check that the bond names the applicant as principal and the State of Minnesota as recipient, with the statutory conditions. File it with the licensing board as directed and complete the separate financial-responsibility requirement. Purchase is not license issuance.

Sources

Have these ready

  1. Legal license applicant and business structure, plus board application/license details.
  2. State-payable $10,000 bond request and dates.
  3. Separate insurance, CPA net-worth or letter-of-credit arrangement.

Questions about this bond

Can I provide insurance instead of this bond?

The statute requires the bond in paragraph 3(b). Insurance is one way to meet the separate financial-responsibility requirement in paragraphs 3(c)-(f), not a stated substitute for the bond.

Does staff size change the statutory $10,000 bond?

The statute states a $10,000 bond. Its employee-count bands determine the separate net-worth or letter-of-credit amounts, so keep those requirements distinct.

Where is the issued bond filed?

Section 326.3382 directs filing with the licensing board. Use the applicant name and state recipient required by that section, then follow the board’s current submission instructions.

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