South Carolina — Contract Security Agency Bond
South Carolina’s contract-security applicant must post a $10,000 bond with SLED in favor of the State. The Southern Agency’s listing concerns that business-licensing undertaking—not an individual officer’s registration, a proprietary in-house security licence or insurance for a customer’s contract.
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- Recorded state
- South Carolina
- Bond type
- Security Guard Agency Bond
- Category
- Professional & occupational licenses
What this bond does
Section 40-18-50(B) calls for an Attorney General-approved form from a surety authorized in South Carolina. SLED’s Contract Security form secures performance of the licensed role’s duties required by law throughout the covered period.
- Who needs it
- The applicant providing contract-security services or furnishing officers for compensation under the SLED contract-business path. Corporate/partnership applicant rules and individual officer registrations are separate; the business title alone does not qualify the responsible person or staff.
- Who it protects
- The undertaking runs to the State of South Carolina and conditions the obligation on performance of the licensed contract-security duties. It is not a general incident policy, proof that a client’s insurance conditions are met or an automatic private payment for any complaint.
Your bond option
This is the option on record for this bond.
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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.
Sources
- SLED: current Contract Security business forms section (opens in a new tab)Checked October 21, 2026
- SLED: current-linked Contract Security statutory bond (opens in a new tab)Checked October 21, 2026
- SLED: current-linked Contract Security sample (opens in a new tab)Checked October 21, 2026
- SC Legislature: current Section40-18-50 (opens in a new tab)Checked October 21, 2026
- SLED: current-linked new Contract Security business requirements (opens in a new tab)Checked October 21, 2026
Have these ready
- Actual SLED Contract Security business path, not proprietary security or employee registration by assumption.
- Individual/dba versus incorporated-company principal and responsible-applicant authorization.
- State recipient, $10,000 sum and accepted witness/signature/power-of-attorney package.
- Accepted dates/renewal instructions and separate licensing, principal and staff qualification documents.
Questions about this bond
Does this register each security officer?
No. SLED lists business licensing and employee registration separately. The State’s $10,000 business undertaking does not itself qualify the responsible person, satisfy training or register all staff.
Does it prove compliance with a client’s liability-insurance request?
No. It secures the State licensing duties described by the form. A customer’s contract or policy requirements are separate; this document should not be described as general incident insurance.
Can I use only the trade name and omit the execution attachments?
Use SLED’s accepted principal wording and complete package. Its sample distinguishes individual/dba from incorporated-company naming and expressly calls for the attorney-in-fact power-of-attorney sheet, along with the indicated signatures/witnesses. Confirm the actual accepted execution before completing the application.