What must a license holder maintain on file with the board at all times according to Texas Private Security Act?

A license holder is required to maintain a surety bond and certificate of insurance on file with the board at all times according to the Texas Private Security Act. This requirement is in place to ensure that there is financial responsibility and coverage in the event of claims or liabilities arising from the business operations of the security service. The surety bond serves as a guarantee that the license holder can fulfill their obligations and that there are funds available for any claims made against them.

Having a certificate of insurance is also crucial because it provides proof of liability coverage, which protects both the business and its clients from potential losses resulting from accidents or negligence. This requirement emphasizes the importance of financial preparedness and accountability within the security industry, fostering a more secure environment for both service providers and consumers.