A. Bond Requirements: Before any license shall be issued to any applicant pursuant to this chapter, the applicant shall tender to the City a fiduciary bond naming the City in the following respective sums:
1. Private Patrol, Security Service Or Security Alarm Installation Service: Every licensee for these types of licenses shall have a bond in the amount of ten thousand dollars ($10,000.00).
2. Private Patrol Agent Or Security Alarm Installer: Every licensee for these types of licenses shall have a bond in the amount of two thousand five hundred dollars ($2,500.00).
B. Insurance Requirements: All applicants shall carry general and personal liability insurance for bodily injury, sickness, disease or death sustained by persons and arising out of assault, battery, false imprisonment, false arrest, malicious prosecution, abuse of process, libel, slander, misrepresentation, deceit or interference with property and contract rights. Insurance coverage is required for all employees, representatives and agents of the company, including volunteers and independent contractors used in the company's operations. The minimum limits for such insurance shall be five hundred thousand dollars ($500,000.00). Said policy shall be issued by an insurance carrier duly authorized to do business in the State, and a certificate of insurance shall accompany each application, specifying as the certificate holder Boise City, P.O. Box 500, Boise, Idaho 83701-0500. (Ord. 23-14, 6-17-2014; amd. 2019 Code)