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Oregon bonds

Oregon — DPSST Private Security Entity Wage Payment Bond

Arrange wage-payment security for an Oregon private security entity's DPSST application. Use the agency's personnel-count instructions and bond form before starting through Purchase Now.

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Recorded state
Oregon
Bond type
Wage, Welfare & Union Benefits Bond
Category
Employment, wages & benefits

What this bond does

The Department of Public Safety Standards and Training accepts a corporate surety bond as one method of proving the entity's ability to pay wages. This is entity licensing security, not a union-fund contribution request.

Who needs it
The private security business applying for an entity license or renewal, with its entity representative, rather than an individual seeking a security credential.
Who it protects
The official form names the State of Oregon for its use and benefit and that of other interested persons. Its stated purpose is payment of wage determination orders for covered private security professionals and managers, subject to the form's aggregate penal sum.

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.

Match the personnel band and complete the DPSST filing

DPSST lists the following security amounts for executive managers, private security professionals and supervisory managers. Use its current instructions to establish the entity's count; the application option here does not preselect a sum.

The official bond is a continuing obligation. Its checklist calls for the surety's signature and the private security entity representative's signature, with the original reaching DPSST within 60 days of the date shown on the bond, which the checklist identifies as the surety's signing date. Filing and the remaining licensing requirements follow separately from applying for the bond.

  • 10 or fewer personnel: $5,000.
  • 11–20 personnel: $10,000.
  • 21–50 personnel: $20,000.
  • More than 50 personnel: $30,000.

Sources

Have these ready

  1. Legal private security entity name and entity number, where assigned.
  2. Current DPSST entity application or renewal instructions.
  3. Personnel count using the agency's specified categories.
  4. Required state form, applicable security amount and proposed effective details.
  5. Entity-representative execution and timely original-bond filing instructions.

Questions about this bond

Is this for my individual guard credential?

The undertaking belongs to the private security entity's proof of ability to pay wages. Use the business entity and its required representative information.

Does buying the bond issue the entity license?

No. The official form says it is not valid for licensure until filed with DPSST and requires filing within 60 days of its stated date. The entity must also satisfy its other licensing requirements.

Is this employee insurance or an annual union bond?

It is DPSST wage-payment security, not employee insurance, ERISA plan-asset fidelity or a construction payment bond. The official form describes a continuing obligation; compare the proposed instrument and current agency instructions rather than assuming an annual term.

How do I begin online?

Purchase Now opens Propeller in a new tab. Have the entity, personnel-count and DPSST form details ready. After issuance, check the document, obtain required execution and arrange the agency filing. The application does not establish DPSST acceptance.

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