Security Service Contract Performance Bond
What is a Security Service Contract Performance Bond?
A Security Service Contract Performance Bond is a type of Specialty Contractor bond that ensures that security service providers comply with contract terms, federal, state, and local regulations, protecting clients from any damages or improper execution of the security services.
Protects clients from financial loss due to the misconduct or negligence of security service providers, ensuring the proper completion of security projects.
Required by government agencies or private clients to ensure responsible management and compliance with contract terms and regulations by security service providers.
Applicant’s personal or business information, credit history, bond amount (determined by the contract requirements), and security contract details.
Based on credit history and bond amount, usually 1-5% of the bond amount.
