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If you are engaged as a Private Investigator in the State of Minnesota, the Board of Private Detectives and Protective Agent Services require that you execute a Minnesota Private Detective or Investigator Bond to ensure compliance with Section 326.32-326.339 of the Minnesota Statute.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Minnesota Private Detective or Investigator Bond holds you accountable for your business decisions.
By possessing a Minnesota Private Detective or Investigator Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.