The State of Arizona Department of Public Safety requires all private investigators to obtain a $2,500 Private Investigator Bond. Jet Insurance Company provides this surety bond to the Department allowing the private investigator to be in compliance with the regulatory Statutes. The bond works in the favor of any injured person caused by fraudulent or deceitful actions left unresolved by the private investigator.
Private investigators seeking to obtain their bond with Jet gain the advantage of cutting out the middleman and receiving direct assistance throughout the entire process.
The cost of the Private Investigator bond is just $175 for two years or $10 a month. Simply make payment in a couple of minutes and receive a copy of your bond online.
The private investigator will have the flexibility to choose their payment method. This bond can be purchased on monthly terms or through a one time payment for the required two-year bond term.
The State of Arizona Department of Public Safety exists to enforce state laws and ensure the safety of communities for the residents of Arizona. Arizona regulates private investigators as part of their legislative enacted duties. Applicants seeking to become licensed private investigators are required to abide by the relevant Arizona Revised Statutes (Title 32, Chapter 24) enforced by the Department.
Jet Insurance Company provides a financial guarantee to the Department should the private investigator neglect their obligations and create financial harm to the public. Think of Jet as a financial institution promising the state private investigators will follow the law.
The bond purchase with Jet can be completed online in a matter of minutes. The private investigator will need to complete a short application inputting basic business information and providing payment. Upon completing the transaction, private investigators will receive a copy and receipt of their bond.
Absolutely! Jet will file the bond directly to the Department along with the Notary Seal.
A copy of the bond will be available for the private investigator upon purchase, but should the private investigator want the original, Jet will send such directly to their address upon request. The bond form will be mailed directly to the address stated below.
State of Arizona Department of Public Safety
2101 W. Encanto Blvd
P.O BOX 6328
Phoenix, Arizona, 85005
Yes, with Jet that is possible! The private investigator will have the ability to cancel their bond after having sent a written notice to Jet.
Bonds that have been purchased on monthly terms will not require additional steps for cancellation. Once Jet receives the intent of cancellation, payments will be stopped immediately and the status of the bond will be considered inactive.
Refunds are available for the bonds purchased on annual terms and the amount will be calculated based on the remainder of term coverage left on the bond. There is a 30-day cancellation provisional period with the Department as part of this bond. Meaning, the bond will remain active for 30 days following the date of receipt of the cancellation notice; and that time period will go into account on the amount of refund available.
The Private Investigator Bond must remain active concurrently with the private investigator’s two-year license term. Applicants seeking to renew their bond will not have to reapply for the bond coverage to continue.
With Jet, bonds purchased on a monthly basis will remain active as long as monthly payments continue. It doesn’t get simpler than that!
Applicants that have chosen to purchase their bond on annual terms will only be required to complete one action: send an annual payment to extend the bond coverage. Applicants will not even need to mark their calendars for the expiration date of their bond. Jet will notify the applicant with plenty of time prior to the expiration date for a renewal payment to be made.
Applicants wanting to avoid disciplinary action from the department must abide by Chapter 24 Title 32, Chapter 24 of the Arizona Revised Statutes and ensure that they have fulfilled each licensing requirement to operate as a private investigator.
Concerning an issue against the surety bond, investigators should fulfill their contracts as they were paid to do. The Department as well as any fiscally injured individual may file a claim against the private investigator. Should the investigator refuse to abide by the Department order to make payment, a claim can be made upon the surety bond. Private investigators should be aware of other stipulations that will cause issues with their license. They must act within the scope of the statutes and operate to their best ability to avoid claims on the basis of gross negligence.
Per 32-2401, gross negligence on behalf of the applicant will include the following:
Any person acting in gross negligence or acting as a private investigator without following the licensing requirements will be guilty of a class 1 misdemeanor.
If an investigator has received a bond claim, Jet will do everything within its capacity to provide a defense. All information relevant to the case must be sent to Jet in a timely manner.
If the claim is found to be valid, Jet will provide a bond payout to any damaged party. The private investigator will be expected to reimburse Jet for the amount paid out to the damaged party. The surety bond, unlike insurance, is a guarantee of payment like a letter of credit. The investigator remains liable for the actions and will need to reimburse Jet to continue their practice with an active bond.