Colorado Private Investigator Bonds
Colorado Private Investigator Bond Information
Colorado private investigators are required to furnish a surety bond in order to legally conduct business pursuant to the Colorado Revised Statute. The surety bond is typically in a penal sum of $10,000 and exists for the benefit of anyone who suffers losses or damages as a result of the principal's compliance violations, negligent acts or omissions during the private investigators contractual services.
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What Does a Private Investigator Bond Protect Against?
This surety bond is required for Colorado private investigators pursuant to §12-58.5-107, COLO. REV. STAT. (“C.R.S.”) to secure compliance with the requirements of Article 58.5 of Title 12, C.R.S., and 4 Code of Colorado Regulations (“C.C.R.”) 750. Furthermore, the surety bond protects anyone damaged financially as a result of acts or omissions in the private investigation services provided by the bonded principal. The surety company is liable for losses or damages caused by the acts or omissions by the bonded principal that result in a violation of the provisions of Article 58.5 of Title 12, C.R.S., or 4 C.C.R. 750 and must provide thirty days prior notice when terminating or canceling this surety bond.
Getting Your Colorado Business License or Registration
- Meet education and experience requirements set out by the Department of Regulatory Agencies (DORA) Office of Private Investigator Licensure
- Submit fingerprinting for the purpose of a Colorado Bureau of Investigation (CBI) and FBI background check
- Pay the application fee
- Pass the Colorado Private Investigator Jurisprudence Examination online
- Post a surety bond in an amount of at least $10,000
- Renew your license on May 31st of each year. Licenses issued within 120 days of the upcoming renewal date are not be required to be renewed until May 31st the next year.
Colorado private investigator (PI) licensing falls under the jurisdiction of the Department of Regulatory Agencies (DORA) Office of Private Investigator Licensure. The Office of Private Investigator Licensure enforces regulations, levies fines for misconduct and investigates complaints received from consumers.
Other Helpful Information and Links
Colorado was the first state in the nation to institute licensing requirements for private investigators. Colorado private investigator licensing falls under the jurisdiction of the Department of Regulatory Agencies (DORA) Office of Private Investigator Licensure. In addition to issuing licenses, the Office of Private Investigator Licensure investigates consumer complaints, enforces regulations and imposes fines for misconduct as necessary. In 2015, the state of Colorado went implemented a law making licensing mandatory for anyone working as a private investigator in the state.