Michigan Private Investigator | $10,000 Private Investigator Surety Bond

Also known as: private investigator bond

Type of Bond

A private investigator bond, also known as a private detective bond or P.I. bond, is a type of surety bond that some states require private investigators to obtain as part of their licensing process. The bond serves as a form of financial protection for clients and the general public who may suffer losses or damages due to the actions or misconduct of a private investigator. The bond is a contractual agreement between three parties: the private investigator (principal), the state licensing authority (obligee), and the surety company (provider of the bond). If the private investigator engages in fraudulent or unlawful activities, fails to comply with the laws and regulations governing their profession, or breaches their contractual obligations, a claim can be made against the bond. When a claim is filed, the surety company investigates the allegations to determine their validity. If the claim is found to be legitimate, the surety company will compensate the injured party up to the bond's coverage limit. However, the private investigator is ultimately responsible for reimbursing the surety company for any paid claims, including legal costs and fees associated with the claim process. The specific requirements for private investigator bonds vary from state to state. The bond amount, which represents the maximum payout for a claim, is typically set by the state licensing authority and can range from a few thousand dollars to tens of thousands of dollars. It's important for private investigators to understand and fulfill the bonding requirements in their jurisdiction to maintain their license and operate legally.


Program

The price you'll pay for your $10,000 Private Investigator Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!

We provide all types of $10,000 Private Investigator Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.


Application

The application process for a $10,000 Private Investigator Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Private Investigator Bond Application process.

The Michigan Private Investigator Bond amount is currently set at  $10,000.

Obligee Information

An obligee is the entity that is requiring you to have the Private Investigator bond.

For your convenience you can view a sample copy of the Michigan Private Investigator Bond Form.

Obligee: Michigan Dept of Licensing and Regulatory Affairs