A. Before any license shall be issued to any applicant, a bond, executed by a surety company duly authorized to do business in Idaho shall be filed with the city clerk conditioned upon the faithful and honest conduct of the occupation for which each applicant is licensed and conditioned to save the city harmless by reason of any acts of the licensee and conditioned that any person who shall have been injured by the wilful, malicious or wrongful act of any such licensee may bring an action on said bond to recover damage suffered by reason of such wilful, malicious or wrongful act. The penal amount of the bond hereby required shall be as follows:
1. Security guard or private investigator, the sum of five thousand dollars ($5,000.00).
2. Security guard business or private investigator agency, the sum of ten thousand dollars ($10,000.00).
The bond herein required shall be kept in full force and effect by the licensee, and in the event of the expiration or termination of the bond, the license of the licensee shall automatically be forfeited and the licensee shall be subject to all penal provisions of this chapter.
B. Before any license shall be issued to any applicant, a certificate shall be filed with the city clerk showing that such applicant is covered by public liability insurance by a company authorized to do business in Idaho and in an amount not less than twenty thousand dollars ($20,000.00) for injury or death of one person, nor less than fifty thousand dollars ($50,000.00) for one occurrence, nor less than ten thousand dollars ($10,000.00) for damage to property in one occurrence. Such insurance shall be maintained in full force and effect while the licensee is operating within the city. (Ord. 305 §6, 1988)