Michigan Surety Bonds

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Common Surety Bonds in Michigan

These are the more common bonds in your state. For a list of all of your state’s bonds and federal bonds available click the big blue button for more! If it’s not listed, contact us and we’ll add it.

Michigan - First Mortgage Broker, Lender and Servicer

MI - Collection Agency - Corporation or LLC

MI - Uniform Vehicle Dealer ($10,000.00)

MI - Notary Public ($10,000) with $10,000 E&O coverage

Michigan $10,000 Notary without EO

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Michigan Instant Surety Bonds

Airline Reporting Corporation (ARC)

Airline Reporting Corporation (ARC) Bond

Ann Arbor, MI-METRO Act Permit Bond ($25,000)

Arch – Discharge Mechanics Lien Bond

Bay County, MI – Highway Permit – Building Moving

Bay County, MI – Highway Permit – Closing A County Highway, Road or ROW

Bay County, MI – Highway Permit – Operation and Maintenance

Bay County, MI – Highway Permit – Use

Bay County, MI – Right of Way Permit

Bay County, Michigan – Highway Permit – Building Moving

Bay, County MI – County Highway Permit – Construction

Bid Bond Application (Performance Plus)

BLM Oil and Gas or Geothermal Lease – Single Well

BLM Oil and Gas or Geothermal Lease Bond

BMC-84 Freight Forwarder Broker ($75,000) – NW

BMC-84 Freight Forwarder Broker Bond ($75,000) – NW

Branch County, MI – Individual Permit Performance

Cascade Charter Township, MI – Landscaping

Cascade Charter Township, MI-Landscaping Bond

Charter Township of Chesterfield, MI – Sewer Connection ($5,000)

City of Ann Arbor, MI – METRO Act Permit Bond ($25,000)

City of Detroit, MI – Amusements/Public Entertainments ($10,000)

City of Detroit, MI – Builder of Artificial Stone Sidewalks ($2,500)

City of Detroit, MI – Dealer in Used Auto Parts and Wrecking ($3,000)

City of Detroit, MI – Dealer in Used Auto Parts Only ($1,000)

City of Detroit, MI – Dry Cleaning and Laundering Plants ($1,000)

City of Detroit, MI – Erector of Awnings and Canopies ($5,000)

City of Detroit, MI – Erector of Signs ($5,000)

City of Detroit, MI – Erector or Owner of Canopies ($5,000)

City of Detroit, MI – Hauler of Extraordinary Loads – CLASS A ($1,500)

City of Detroit, MI – Hauler of Extraordinary Loads – CLASS B ($1,500)

City of Detroit, MI – Junk Dealer ($2,000)

City of Detroit, MI – Mover of Houses or Other Residential Structures ($20,000)

City of Detroit, MI – Operator of Snow Removal Equipment ($5,000)

City of Detroit, MI – Second Hand Jewelry ($200)

City of Flint, MI – Building Contractor ($5,000.00)

City of Flint, MI – Pawnbroker ($3,000.00)

City of Flint, MI – Sidewalk Builder ($2,000)

City of Grand Rapids, MI – Water Service and Drainage System Permits ($5,000)

City of Jackson, MI – Street Opening Performance and Guarantee

City of Lansing, MI – Building Mover ($10,000)

City of Lansing, MI – Building Wrecker ($10,000)

Contractor Prequalification (Performance Plus)

Detroit, MI – Builder of Artificial Stone Sidewalks ($2,500)

Detroit, MI – City Amusements ($1,000)

Detroit, MI – City Mover of Houses or Other Residential Structures ($20,000)

Detroit, MI – Dealer in Used Auto Parts and Wrecking ($3,000)

Detroit, MI – Dealer in Used Auto Parts Only ($1,000)

Detroit, MI – Dry Cleaning and Laundering Plants ($1,000)

Detroit, MI – Erector of Awnings and Hoods ($5,000)

Detroit, MI – Erector of Signs and Poster Boards ($5,000)

Detroit, MI – Erector or Owner of Canopies ($5,000)

Detroit, MI – Handler of Explosives ($5,000)

Detroit, MI – Hauler of Extraordinary Loads- Class B ($2,500)

Detroit, MI – Junk Dealer ($2,000)

Detroit, MI – Operator of Snow Removal Equipment ($5,000)

Detroit, MI – Second Hand Jewelry ($200)

Detroit, MI – Soliciting Fire Repair Contracts ($1,500)

Detroit, MI- City Hauler of Extraordinary Loads- Class A ($1,500)

Distilled Spirits – Alcohol Fuel Producer

Distilled Spirits – Operations (Adjacent Wine Cellar)

Distilled Spirits – Operations (Area)

Distilled Spirits – Operations (one plant)

Distilled Spirits – Withdrawal

Distilled Spirits Bond-Alcohol Fuel Producer Bond

Distilled Spirits Bond-Operations Bond (Adjacent Wine Cellar Bond)

Distilled Spirits Bond-Operations Bond (Area Bond)

Distilled Spirits Bond-Operations Bond (one plant)

Distilled Spirits Bond-Unit Bond

Distilled Spirits Bond-Withdrawal Bond

Eaton County, MI – Soil and Sediment Control Permit

Eaton County, MI – Soil Erosion and Sedimentation Permit

Eaton County, MI-Soil and Sediment Control Permit

Emmet County, MI – Individual Permit Performance

Employee Dishonesty and Fidelity Policy (for Volunteers and amounts over $100,000) – NOT ERISA

Express Scripts – Miscellaneous Indemnity

Express Scripts – Miscellaneous Indemnity Bond

Fast Pass Performance & Payment Application (Performance Plus)

Fast Pass Performance & Payment Application (Performance Plus) – Commercial Contract

Fast Pass Performance & Payment Bond Application (Performance Plus)

Fast Pass Site Improvement Application

Federal – Gate Attendant Volunteer in Parks ($5,000)

Federal Brewer’s – Pilot Brewing Plant

Federal Livestock Market Agencies, Dealers, and Packers (BUYS on commission or as a dealer)

Federal Livestock Market Agencies, Dealers, and Packers (SELLS on commission)

Ferndale, MI – Annual Sign ($5,000.00)

Ferndale, MI – Concrete Builder ($2,500.00)

Flint, MI – City Building Contractor ($5,000.00)

Flint, MI – City Pawnbroker ($3,000.00)

Flint, MI-Sidewalk Builder Bond ($2,000)

Generic Financial Guarantee Application

Genesee County, MI – Maintenance and Guarantee

Genesee County, MI – Sewage Disposal Contractors License

Genesee County, MI – Soil & Sedimentation Permit

Genesee County, MI – Soil Erosion

Grand Rapids, MI-Water Service and Drainage System Permits ($5,000)

Grand Traverse County, MI – Right of Way

H-2A Farm Labor Contractor Bond

Harkins Subcontractor Bond Application

Houghton, MI – City Transient Merchant

Indiana Orphan Well Program Prequalification

Injunction/TRO Bond Application

Installation Made Easy Inc (IME) IME Affiliate

Ionia, MI – Itinerant Vendor ($600)

Jackson County, MI – Right-of-Way Permit

Jackson County, MI – Soil Erosion

Jackson, MI – Street Opening Performance and Guarantee

Janitorial, Dishonesty, Business Services ($10,000) – 5 or less employees

Janitorial, Dishonesty, Business Services ($10,000) – 6 or more employees

Janitorial, Dishonesty, Business Services ($100,000) – 6 or more employees

Janitorial, Dishonesty, Business Services ($2,500) – 5 or less employees

Janitorial, Dishonesty, Business Services ($2,500) – 6 or more employees

Janitorial, Dishonesty, Business Services ($25,000) – 5 or less employees

Janitorial, Dishonesty, Business Services ($25,000) – 6 or more employees

Janitorial, Dishonesty, Business Services ($5,000) – 5 or less employees

Janitorial, Dishonesty, Business Services ($5,000) – 6 or more employees

Janitorial, Dishonesty, Business Services ($50,000) – 5 or less employees

Janitorial, Dishonesty, Business Services $10,000 – 5 or less employees

Janitorial, Dishonesty, Business Services $10,000 – 6 or more employees

Janitorial, Dishonesty, Business Services $100,000 – 5 or less employees

Janitorial, Dishonesty, Business Services $100,000 – 6 or more employees

Janitorial, Dishonesty, Business Services $2,500 – 5 or less employees

Janitorial, Dishonesty, Business Services $2,500 – 6 or more employees

Janitorial, Dishonesty, Business Services $25,000 – 5 or less employees

Janitorial, Dishonesty, Business Services $25,000 – 6 or more employees

Janitorial, Dishonesty, Business Services $5,000 – 5 or less employees

Janitorial, Dishonesty, Business Services $5,000 – 6 or more employees

Janitorial, Dishonesty, Business Services $50,000 – 5 or less employees

Janitorial, Dishonesty, Business Services $50,000 – 6 or more employees

Kalamazoo, MI – Sidewalk ($5,000)

Kalamazoo, MI-Sidewalk Bond ($5,000)

Kent County, MI – Highway Permit ($10,000)

Kent County, MI – Road Commission Permit

Kent County, MI-Highway Permit Bond ($10,000)

Kent County, MI-Road Permit Bond

Kentucky Orphan Well Program Prequalification

Kentwood, MI – Highway Permit ($10,000)

Kentwood, MI – Highway Permit ($20,000)

Kimball, MI – Road Construction

Labor Union – NALC – $10,000 Coverage

Labor Union – NALC – $100,000 Coverage

Labor Union – NALC – $12,500 Coverage

Labor Union – NALC – $15,000 Coverage

Labor Union – NALC – $20,000 Coverage

Labor Union – NALC – $25,000 Coverage

Labor Union – NALC – $30,000 Coverage

Labor Union – NALC – $40,000 Coverage

Labor Union – NALC – $50,000 Coverage

Labor Union – NALC – $75,000 Coverage

Labor Union Bond – NALC – $10,000 Coverage

Labor Union Bond – NALC – $100,000 Coverage

Labor Union Bond – NALC – $12,500 Coverage

Labor Union Bond – NALC – $125,000 Coverage

Labor Union Bond – NALC – $15,000 Coverage

Labor Union Bond – NALC – $150,000 Coverage

Labor Union Bond – NALC – $20,000 Coverage

Labor Union Bond – NALC – $200,000 Coverage

Labor Union Bond – NALC – $25,000 Coverage

Labor Union Bond – NALC – $250,000 Coverage

Labor Union Bond – NALC – $30,000 Coverage

Labor Union Bond – NALC – $300,000 Coverage

Labor Union Bond – NALC – $350,000 Coverage

Labor Union Bond – NALC – $40,000 Coverage

Labor Union Bond – NALC – $400,000 Coverage

Labor Union Bond – NALC – $450,000 Coverage

Labor Union Bond – NALC – $50,000 Coverage

Labor Union Bond – NALC – $500,000 Coverage

Labor Union Bond – NALC – $75,000 Coverage

Lansing, MI – Junk and Secondhand Dealer ($200)

Lansing, MI – Peddler ($1,000)

Lansing, MI – Vehicle for Hire ($5,000)

Lapeer, MI – Junk and Secondhand Dealer

Lincoln Park, MI – Peddler’s and Hawker’s ($1,000)

Lincoln Park, MI – Solicitor or Canvasser ($1,000)

Lincoln Park, MI-Peddler’s and Hawker’s Bond ($1,000)

Lincoln Park, MI-Solicitor or Canvasser Bond ($1,000)

Livingston County, MI – Soil Erosion

Livingston County, MI-Soil Erosion Bond

Livingston, MI – Sewage Disposal Contractors License ($25,000)

Lost Instrument Bond – CLOSED Penalty

Lost Instrument Bond – OPEN Penalty

Low Income Housing Tax Credit (LIHTC) Recapture Surety

Low Income Housing Tax Credit (LIHTC) Recapture Surety Bond

Madison Heights, MI – Right of Way ($5,000)

Madison Heights, MI-Right of Way Bond ($5,000)

Manistee County, MI – Road Commission Permit

Manistee County, MI-Road Commission Permit

Maryland – Trustees, Mortgagees, Attorneys and Foreclosure

Maryland Trustees, Mortgagees, Attorneys and Foreclosure Bond

MI – Certificate of Manufactured Home Ownership

MI – Collection Agency – Corporation or LLC

MI – Collection Agency – Sole Proprietor or Partnership

MI – Consumer Financial Services Licensee

MI – Consumers Energy Utility Deposit

MI – Cosmetology Apprenticeship ($1,000)

MI – Deferred Presentment Service Provider

MI – Driver Ed Provider – Teen and Adult- 1000 + students ($40,000)

MI – Driver Ed Provider- Teen and Adult- 999 or fewer students ($20,000)

MI – Driver Education Provider- Truck Driver Education ($50,000)

MI – Grain Merchandiser’s and Farm Produce Trucker’s ($100,000)

MI – Information Purchaser ($25,000)

MI – Inside and Residential Performance (Fringe Benefits)

MI – Installation Made Easy Inc (IME) IME Affiliate

MI – Insurance Premium Finance Company ($10,000)

MI – Landlord Security Deposit

MI – Liquid Industrial Waste Haulers – Nonresident ($30,000)

MI – Liquid Industrial Waste Haulers – Resident ($15,000)

MI – Liquid Petroleum Gas Dealer

MI – Lumber Liquidators Inc Installation Provider

MI – Money Transmission Services Provider

MI – Motor Fuel Eligible Purchaser

MI – Municipal Solid Waste Landfill

MI – Non-Depository Sales Finance Company- Branch Location ($10,000.00)

MI – Non-Depository Sales Finance Company- Main Office ($20,000.00)

MI – Nonprofit Reimbursing Employer

MI – Personnel Agencies ($10,000.00)

MI – Private Trade School, Business School, Institute or Correspondence School

MI – Professional Employer Organization

MI – Professional Fund Raiser ($10,000.00)

MI – Professional Fund Raiser ($25,000.00)

MI – Professional Investigator or Professional Investigator Agency ($10,000.00)

MI – Proprietary School Solicitor

MI – Registered Scrap Tire Collection Site Performance

MI – Registered Scrap Tire Hauler ($10,000.00)

MI – Roofers Local 149 Employee Contributions

MI – School of Cosmetology ($10,000.00)

MI – Securities Broker-Dealer ($10,000.00)

MI – Security Alarm Contractor ($25,000.00)

MI – Security Guard Agency ($25,000.00)

MI – Snowmobile Certificate of Registration (Vehicle Uniform)

MI – Solid Waste Processing Plant

MI – Solid Waste Transfer Facility

MI – Special License for Sale of Beer, Wine & Spirits for Consumption on the Premises ($1,000.00)

MI – Third Party Testing Organization

MI – Type II Landfill – Construction and Demolition

MI – Type II Landfill – Industrial

MI – Type II Landfill – Low Hazard Industrial

MI – Uniform Manufactured Housing Retailer’s Consumer Deposit

MI – Uniform Manufactured Housing Retailer’s License ($10,000.00

MI – Uniform Vehicle Dealer ($10,000.00)

MI – Wage and Welfare – Painters District Council No. 22 ($10,000)

MI – Wholesaler or Unclassified Acquirer of Tobacco Products

Michigan – Barber College ($10,000)

Michigan – Basic Driver Improvement Course (BDIC) Sponsor ($20,000)

Michigan – Certificate of Manufactured Home Ownership

Michigan – Collection Agency – Corporation or LLC

Michigan – Collection Agency – Sole Proprietor or Partnership

Michigan – Consumer Financial Services Licensee

Michigan – Consumers Energy Utility Deposit

Michigan – Cosmetology Apprenticeship ($1,000)

Michigan – Cosmetology School ($10,000)

Michigan – Cosmetology School Bond ($10,000)

Michigan – Debt Management License

Michigan – Deferred Presentment Service Provider

Michigan – Driver Ed Provider – Teen and Adult- 1000 + students ($40,000)

Michigan – Driver Ed Provider- Teen and Adult- 999 or fewer students ($20,000)

Michigan – Driver Education Provider- Truck Driver Education ($50,000)

Michigan – Fireworks tax and safety fees ($5,000)

Michigan – First Mortgage Broker, Lender and Servicer

Michigan – Grain Merchandiser’s and Farm Produce Trucker’s ($100,000)

Michigan – Information Purchaser ($25,000)

Michigan – Inside and Residential Performance (Fringe Benefits)

Michigan – Insurance Premium Finance Company ($10,000)

Michigan – Landlord Security Deposit

Michigan – Licensee of Motor Fuel

Michigan – Liquid Industrial Waste Haulers – Nonresident ($30,000)

Michigan – Liquid Industrial Waste Haulers – Resident ($15,000)

Michigan – Liquid Petroleum Gas Dealer

Michigan – Lumber Liquidators Inc Installation Provider

Michigan – Money Transmission Services Provider

Michigan – Mortgage Loan Originator – Company ($150,000)

Michigan – Mortgage Loan Originator – Company ($250,000)

Michigan – Mortgage Loan Originator – Company ($50,000)

Michigan – Mortgage Loan Originator – Individual ($10,000)

Michigan – Mortgage Loan Originator – Individual ($25,000)

Michigan – Motor Fuel Eligible Purchaser

Michigan – Municipal Solid Waste Incinerator Ash Landfill

Michigan – Municipal Solid Waste Landfill

Michigan – Non-Depository Sales Finance Company- Branch Location ($10,000)

Michigan – Non-Depository Sales Finance Company- Main Office ($20,000)

Michigan – Nonprofit Reimbursing Employer

Michigan – Notary Public WITH E & O coverage ($10,000)

Michigan – Notary Public WITH E & O coverage ($25,000)

Michigan – Notary Public without E & O ($10,000)

Michigan – Nursing Home – Patient Trust Fund

Michigan – Personnel Agencies ($10,000.00)

Michigan – Private Trade School, Business School, Institute or Correspondence School

Michigan – Professional Employer Organization

Michigan – Professional Fund Raiser ($10,000.00)

Michigan – Professional Fund Raiser ($25,000.00)

Michigan – Professional Investigator or Professional Investigator Agency ($10,000.00)

Michigan – Proprietary School Solicitor

Michigan – Receiver Bond – Management of Property or a Business

Michigan – Registered Scrap Tire Collection Site Performance

Michigan – Registered Scrap Tire Hauler ($10,000.00)

Michigan – Roofers Local 149 Employee Contributions

Michigan – School of Cosmetology ($10,000.00)

Michigan – Second Mortgage Broker, Lender and Servicer

Michigan – Securities Broker-Dealer ($10,000.00)

Michigan – Security Alarm Contractor ($25,000.00)

Michigan – Security Guard Agency ($25,000.00)

Michigan – Snowmobile Certificate of Registration (Vehicle Uniform)

Michigan – Solid Waste Processing Plant

Michigan – Solid Waste Transfer Facility

Michigan – Surplus Lines Agent

Michigan – Third Party Testing Organization

Michigan – Type II Landfill – Construction and Demolition

Michigan – Type II Landfill – Industrial

Michigan – Type II Landfill – Low Hazard Industrial

Michigan – Unemployment Compensation

Michigan – Uniform Manufactured Housing Retailer’s Consumer Deposit

Michigan – Uniform Manufactured Housing Retailer’s License ($10,000.00)

Michigan – Uniform Motor Vehicle Certificate of Title

Michigan – Uniform Vehicle Dealer ($10,000.00)

Michigan – Wage and Welfare – Painters District Council No. 22 ($10,000)

Michigan – Wetland Mitigation Site

Michigan – Wholesale Potato Dealer

Michigan – Wholesaler or Unclassified Acquirer of Tobacco Products

Michigan $10,000 Notary without EO

Michigan Motor Vehicle Certificate of Title (Vehicle Uniform)

Michigan Municipal Solid Waste Incinerator Ash Landfill

Michigan Notary $10,000 with $10,000 EO

Michigan Oil and Gas Conformance Bond – Blanket

Michigan Regional Council of Carpenters Interior Systems Local 1045 – Wage & Welfare

Michigan Unemployment Compensation Bond

Monroe County, MI – Highway Permit

Monroe County, MI – Maintenance ($5,000)

Monroe County, MI – Septic Tank Performance ($20,000)

Muskegon, MI – Right of Way ($25,000)

Muskegon, MI-Right of Way Bond ($25,000)

Northville, MI – License Permit ($5,000)

Norton Shores, MI – Right of Way ($5,000)

Norton Shores, MI-Right of Way Bond ($5,000)

NY – Bond to Discharge Mechanic’s Lien

Oakland, MI – Construction within the Right of Way

Oakland, MI – Construction within the Right-of-Way

Oakland, MI – County Sanitary Sewer ($5,000)

Oakland, MI – Soil Erosion and Sediment Control Permit

Ottawa, MI – Road Commission Performance

Pontiac, MI – Auctioneer ($2,500)

Pontiac, MI – Soil Erosion and Sedimentation Control

Portage, MI – Soil Erosion Permit

PrePass – Help Inc Financial Guarantee

Propeller Credit Authorization

Road Commission of Kalamazoo County, MI – Right of Way Permit

Rochester Hills, MI-Permit Bond

Roscommon, MI – County License and Permit ($500)

Roseville, MI – Cement Contractor ($2,000)

Roseville, MI – Registered Sidewalk and Approach Contractor ($2,000)

Roseville, MI – Right of Way Permit

Roseville, MI – Right-of-Way Permit

Roseville, MI-Cement Contractor Bond ($2,000)

Saginaw, MI – License and Permit

SDDC DOD Military Freight Management ( up to $100,000)

Southfield, MI – Sign Erector Uniform Surety ($5,000)

Southfield, MI – Sign Erector Uniform Surety Bond ($5,000)

Southfield, MI – Temporary Signs

Southway Builders, Inc. Subcontractor Bond Application

St. Clair County Road Commission, MI – Highway Permit

St. Clair Shores, MI – Marine Contractor ($1,000)

St. Clair Shores, MI – Right of Way ($1,000)

St. Clair Shores, MI – Uniform – Asphalt, Concrete, Curb ($1,000)

St. Clair Shores, MI – Uniform Bond-Asphalt, Concrete, Curb Bond ($1,000)

St. Clair Shores, MI-Marine Contractor ($1,000)

St. Clair Shores, MI-Right of Way Bond ($1,000)

St. Clair, MI – County Soil Erosion

St. Clair, MI – Highway Permit

Suppliers of Durable Medical Equipment, Prosthetics, Orthontics and Supplies Medicare (DMEPOS)

Taylor, MI – Door-to-Door Sales

Timber Sale Contracts – Payment – USDA Forest Service

Timber Sale Contracts – Payment Bond – USDA Forest Service

Township of Butman – Sewer Excavation ($10,000)

Township of Genesee, MI – Sanitary Sewer or Water Lines Fidelity and Performance ($10,000)

U.S. Department of Agriculture Forest Service Reclamation Performance (National Forest)

US Department of the Interior – Bureau of Indian Affairs – Lease Bond

USDA – Fidelity Bond for Loan Closing Attorneys

USDA – Food and Nutrition Service

Veterans Administration Custodian Fiduciary Bond

Warren, MI – Auctioneer License ($2,500)

Warren, MI – Route Salesperson ($1,000)

Warren, MI – Sidewalk Contractor ($1,500)

Warren, MI – Site Plan Performance

Warren, MI-Auctioneer Bond ($2,500)

Warren, MI-Sidewalk Contractor ($1,500)

Washington , MI – Township Water Sewer

Washington, MI – Township Water Sewer

Wyandotte, MI – City Sidewalk ($1,000)

Wyandotte, MI – Sign Contractor ($5,000)

zzBMC-84 – Broker Bond ($75,000) – LEX

zzFast Pass Performance & Payment Bond Application (Performance Plus)-ARCH

zzFast Pass Site Improvement Application (UCS)

zzFastPassPerformance&PaymentBondApplication (Nationwide)

zzFastPassSiteImprovementApplicationLexington

zzProbateBondApplicationUSFire

zzUCS-Fast Pass Payment and Performance Bond Application

How to Get a Surety Bond in Michigan

Your Guide to Surety Bonds in Michigan

Michigan is famously known for its automotive industry. The state is home to the Big Three American automakers: General Motors, Ford Motor Company, and Chrysler. In addition to the automotive industry, Michigan also has a robust agricultural sector. The state ranks third in the country regarding total revenue generated by agriculture. Tourism is another important industry in Michigan. The state has a diverse landscape, including beaches, forests, and lakes. There are also several large metropolitan areas in Michigan, including Detroit, Grand Rapids, and Lansing. These cities offer plenty of cultural and recreational opportunities for visitors.

If you’re looking to start or expand a business in Michigan, it’s essential to understand the different industries present in the state. Understanding these industries will allow you to make strategic business decisions, such as how much capital your company needs and what type of loan or funding sources would be most beneficial for your specific industry.

One key element of doing business in Michigan may be getting a bond. A surety bond is a type of insurance that provides financial security if your business fails to meet its contractual obligations. There are several types of surety bonds, and the bond type you need will depend on your business.

A Michigan surety bond is a financial instrument that guarantees the performance of a company or individual when they enter into an agreement with another entity. They can be used by businesses, individuals, and government agencies for many purposes.

Some bonds are required by the state, but many more are optional. It’s important to understand exactly what required bond is needed for your industry before you apply so that you only have to get one.

What is a surety bond? How does a surety bond work?

It’s a type of contract that safeguards another party from financial loss. In the case of surety bonds, there are three parties:

Principal (the person or business which needs to secure their liability)
Surety (a third party, often an insurance company, who agrees to assume responsibility for the debt and acts as guarantor)
Obligee (the person or business for whom the surety bond is being issued)

To issue a Michigan surety bond, both parties agree to the terms and conditions of a contract that carries an obligation to perform. These are usually written into an agreement that ensures compliance with state laws regarding surety bonds required in Michigan. The details covered include:

1) Principal’s ability to perform a service and or repay a debt if necessary
2) Surety’s obligation should they become financially liable because the Principal fails to meet their obligations under the contract

The important thing about a Michigan surety bond agreement is that all Principals and the approved Surety insurance company in Michigan act as guarantors; however, the bonding company will be responsible for payment due to defaults on contractual agreements under the bond. The bond allows the surety company to seek repayment from the Principal if a claim is valid.

What is a surety bond used for?

Whats a surety bond you ask? Well, it guarantees an agreement between three parties by securing the obligation in that it is used to:

– To secure performance on contracts;
– Guarantee compliance with contract specifications and standards;
– A warranty against defective products;
– Secure licensed professionals such as mortgage brokers

When do you need a surety bond?

Surety bonds are a form of performance security or financial guarantee issued by an insurance company. They are required for a variety of financial transactions, from government procurements to import and export. In the United States, bonds have been used since 1749 to guarantee that a party will fulfill its obligations under a contract or agreement.

Michigan bonds work as an integral part of any business’s success! Typically a transaction, contract, or professional licensing requirement will indicate if a performance bond, payment bond, contract bond, license and permit bonds, or another type of bond is needed.

What are contract bonds?

The largest category of Michigan bond is called contractor bonds, or bonds specific to the construction industry. MI contractor surety bonds are one of the largest markets in the state. Contractor surety bonds more commonly are performance bonds, bid bonds, and payment bonds. Construction bonds account for approximately 70% of all bonds written in the USA.

Required by residential and commercial contractors both big and small, general and across specialty trades. Michigan surety bonding requirements vary by municipality and ensure the protection of the public and consumers via performance bonds for public projects and various trade bonds.

Can I get a surety bond online?

Yes. At Simpli Surety, we have 1000’s of instant issue surety bonds available to our clients on-demand at low surety bond rates. Our surety bond experts are here to help.

How much does a Surety Bond cost?

If you are looking for surety bond cost, the good news is that it’s not as expensive as most people think. Across the industry, Surety bond costs can range depending on the type and terms of the bond. The fee is calculated, also called the surety bond premium, as a percent of the total coverage needed or bond amount, usually ranging anywhere from 1% to 3%. For instance, straightforward license and permit bonds tend to fall on the lower end of the spectrum even below 1%. While a more complex performance bond for a large construction project that carries a higher risk and bond amount, therefore, the surety bond cost can range higher between 1.5% to 2.5% on average.

Surety bond costs could be higher or lower depending on your surety company, the type of work you are doing, and other factors. If you need help determining how much a surety bond will cost for your specific situation, use our search to find the instant issue bonds you need, and often the surety bond cost and bond amount are listed on the application.

At Simpli Surety, we have 1000’s of instant issue surety bonds available to our clients on-demand at a low surety bond rate. The application and approval process is completed quickly, so you can get back to your business.

On the rare occasion, your bond application requires additional underwriting, our surety bond agents with over 40 years of experience will step in to help.

How to Obtain a Bond in Michigan

The automotive industry is Michigan’s most well-known and largest industry, with Detroit as its center. The state is also known for agriculture, tourism, and energy production. Michigan has a rich history in manufacturing and innovation, making it a great place to do business. In addition to the many established industries in Michigan, there are also opportunities in emerging industries.

Business in Michigan can be risky, especially if you are new to the state or industry. A surety bond functions as a contract between your business and surety company that guarantees the fulfillment of obligations under specific conditions. This means that surety bonds provide protection against losses resulting from the inability to fulfill contractual agreements on time with customers, clients, or suppliers.

If you are looking for surety bond protection, there are a few things to keep in mind. Surety bonds are not always one-size-fits-all. The bond cost and terms of a surety bond will vary depending on the risk involved with your business and industry.

Business owners in Michigan can get surety bonds for their businesses to help protect the company’s assets and employees, as well as ensure that industry laws are upheld by all parties involved. Businesses need a certain amount of financial backing before they start operating; this is where surety bonds come into play.

Businesses that operate under the authority of federal or state law need a surety bond. These businesses include but are not limited to: banks and other financial institutions; securities brokers and dealers; insurance companies; investment advisors and planners; motor carriers (such as trucking companies); and business of public utilities.

Additionally, businesses who contract for construction work, including developers/builders; architects; professional engineers; contractors; subcontractors; suppliers of materials used in construction; and businesses involved in design-build projects all need a surety bond.

All in all, the industries of Michigan are vast and diverse…if you’re looking for a surety bond required for your business there is no better place than Simpli Surety!

How do you get bonded in Michigan?

In order to bond Michigan businesses, you will need to contact surety bond companies that are licensed in the state, such as Simpli Surety. You will then be required to fill out an application and submit it along with all relevant documentation. Some applications may require additional documents like proof of business bank account balances or your articles of incorporation (bylaws), but Simpli Surety has many instant bonds available in minutes.

If you are approved for coverage, the surety bond company will issue you a policy and send it to you via email. The policy will outline the terms and conditions of your bond as well as the surety company’s responsibilities.

Why would I need a surety bond in Michigan?

You may need a surety bond in Michigan for your business if you are opening up shop as an independent contractor or self-employed. A surety bond in Michigan is a common requirement for many types of businesses including insurance adjusters, title agents, and financial services companies.

Surety bonds are financial guarantees that you promise to abide by the terms of an agreement. Other reasons why businesses may require these include:

– To qualify for a license
– Government contracts
– Bonding construction projects
– Organizing as a corporation or limited liability company (LLC) in Michigan. . . etc. These are just some of the many reasons why you may require surety bonds from this state – and then apply here to get one!

What surety bonds are common in Michigan?

There are a few surety bonds Michigan requires. The most common surety bond is the commercial surety bond. This type of surety bond is used for businesses that want to get a license, or for companies that need to show financial responsibility. There are also many types of performance bonds, including construction and contract bonds. Each type of bond has its own purpose and is required for different activities.

Another common surety bond in Michigan are license and permit surety bonds. These may be required for a company that needs to get a business or professional license from the state of Michigan, as well as any other type of permit. Some examples include contractors, financial institutions, utility companies, and public service corporations. The final category that is important for companies to understand in Michigan is the court surety bond. These can be required when a company needs to appear before a court and present evidence, such as real estate agents and collection agencies.

The types of businesses that typically need surety bonds in Michigan include:

– Contractors
– Public Service Corporations
– Insurance Adjusters
– Title Agents
– Construction Companies
– Manufacturers…etc.

Is it easy to get a bond in Michigan?

It actually is! The state of Michigan has made it really simple and fast to apply. If you choose to get your bond online, the process can be completed within minutes!

What are the minimum bonding requirements in Michigan?

The amount of money required as a surety bond in Michigan ranges depending on the industry and type of contract or agreement you plan to enter. There is no minimum amount for this type of bond, but our surety partners have to be compensated for any losses they incur on your behalf, so the higher the bond amount – the better protection you get!

Which government agencies require surety bonds in Michigan?

Michigan surety bonds are required by a number of government agencies, including the:

– Department of Licensing and Regulatory Affairs
– Michigan Department of Transportation
– Michigan Secretary of State
– Department of Commerce
– Department of Taxation
– Please note that surety bonds are required for Michigan contractors, however it is necessary to have a license before you can apply for the bond itself.

The types of surety bonds that are required vary depending on the agency. There are surety bond requirements for other government agencies in Michigan, but the above are some of the most common. Be sure to check with your specific agency to find out their specific bonding requirements.

What are the most popular types of surety bonds in Michigan?

There are three main types of Michigan surety bonds: performance, payment, and indemnity. A performance bond guarantees that the contractor will complete the project as specified in the contract. A payment bond guarantees that subcontractors and suppliers will be paid for their work on the project. An indemnity bond protects the owner of a property from any third-party claims arising from the contractor’s work on a project.

Michigan surety bonds are required for many different types of projects. Some examples include:

– Construction or repair work at schools, colleges and universities
– Any public works project that requires a bid process in Michigan
– Contractor’s licenses
– Fidelity Bonds (Fid Bond) – Protects businesses from financial loss or damage caused by employees’ dishonesty or failure to perform their job duties.
– Bid Bonds – Protects the state or other public agencies from financial loss if a contractor fails to complete work as contracted.
– License and Permit Bonds (Permit Bond) – Required by local governments in Michigan that issue licenses, permits, etc., for various types of business activity

Popular bonds include:

– Michigan notary bond
– Michigan Landlord Security Despot
– Michigan Grain Dealer Bond
– Michigan Dairy Plant Bond
– Michigan Surplus Lines Agent
– Michigan Court Bonds
– Michigan Notary Bonds
– Contractor License Bond
– Fidelity Bond

Michigan has a major construction industry that requires performance guarantees in the form of surety bonds to protect against failing to meet deadlines. There are also many contractors who require bond protection for their employees – especially when they’re working on bridges, tunnels, or other public works and public construction projects.

What other surety bonds are common?

Common across all states is the forever mainstay Construction industry. As a large and populous state, contracting is big business. Required by residential and commercial contractors both big and small, general and across specialty trades. Michigan’s bonding requirement varies by municipality and trade but all ensure the protection of the public and consumers via performance bonds for public projects. Check with the Michigan Construction Industries Board.

The best surety company in Michigan is us! SimpiSurety has all of these bonds and more MI surety bonds available instantly. Search for your bond and apply online in minutes.

Although, whomever you choose, be sure they are a licensed surety bond agency in Michigan that can help you get bonded for the right bond amount. All surety companies are not the same, so choose wisely when choosing your Michigan bonding agent.

Types of Surety Bonds in Michigan- State

Contractor and healthcare surety bonds aren’t only state mandated bonds for businesses. In fact many industries and professions that require licensing or the proprietor to register their business with a state commission or regulatory body require a surety bond, including:

Michigan Mortgage Loan Originator – The Office of Financial and Insurance Regulation requires the Michigan Mortgage Loan Originator Bond. The bond guarantees that the bond holder will follow and obey all provisions of Act No. 75, Public Acts of 2009, as well as any regulations lawfully imposed by the Commissioner of the Office of Financial and Insurance Regulation in the State of Michigan. Buy Now
Michigan Roofers Local 149 Wage and Welfare – When unions negotiate collective agreements with other businesses, they must obtain a wage and welfare bond. The bond guarantees that an employer will keep paying union dues, contributions to funds, and promised benefit packages to workers who are members of the union. Buy Now
Michigan Securities Broker Dealer Buy Now
Michigan Notary Bond – pledges a notary will perform his or her duties required by the state in accordance with ethical standards and in compliance with state laws. The bond ensures client protection and credibility to the notary. Buy Now

For all Michigan Surety Bonds and Federal Bonds, use the search atop this page or Click for More Bonds below.

Types of Surety Bonds in Michigan - Federal

Freight Broker Bonds – often referred to as BMC-84 bonds, are a Federal as opposed to state mandate made by the Federal Motor Carrier Safety Commission to conduct business as transportation brokers. Coverage to $75,000. Buy Now
Durable Medical Equipment Provider Bonds – often referred to as DMEPOS bonds are required of suppliers of prosthetics, orthotics, and durable medical equipment. A federal mandate per the Centers for Medicare and Medicaid Services to mitigate Medicate billing fraud. Min bond requirement of $50,000 per National Provider Identifier needing Medicate billing authorization. Buy Now
Performance Bonds – this bond covers general performance obligations related to a contract but most often ensures the satisfactory completion of performance by a contractor. The bond penalty is tied to contract value and can be mandated at federal, state, or municipal levels. Buy Now
Bid Bonds – a construction bond that protects the developer or project owner of a construction project during the bidding process. It guarantees them that if the bidder can or will not honor the terms of the bid, the owner will be compensated. Bid bonds are commonly required on projects that also involve performance bids and payment bonds. Buy Now
Payment Bonds – these surety bonds are often paired with performance bonds ensuring prompt payment to suppliers and subcontractors on the project. This signals to the owner, supplier, and sub that the contractor will be compliant in working with them to completion and paying on time. Buy Now

For all Federal and Michigan Surety Bonds, use the search atop this page or Click for More Bonds below.

Surety Bond FAQ

What is a surety bond?

A surety bond is an agreement between 3 parties, the principal applying for the bond, the Obligee who benefits from the bond and the Surety, the provider of the bond. A licensed surety agency like Simpli Surety is required to act on behalf of the 3 parties to facilitate the bond issuance.

The bond itself ensures the principal will carry out its obligations to the Obligee that acquires their services, in accordance with the conditions of a contract.

The surety company steps in to financially back the Obligee in the event the principal defaults, violates terms or fails to fulfill its obligation. If the surety pays a claim, it seeks reimbursement from the principal.

How do I get a bond?

At Simpli Surety, we’ve taken the sometimes antiquated surety bonding process and made it…well…simple. What takes many brokers and online agencies days, we’ve automated to get your bond fast. From search to submission to getting a bond in your inbox in less time than finishing a cup of coffee.

1) Use our Search tool to find your bond.
2) Enter the key information and click submit.
3) A decision is rendered within minutes.
If approved, you’ll be sent a payment link and documents to sign electronically. If not approved, our underwriters will alert you of next steps. Sometimes we just need a few more pieces of info to complete the analysis but in most cases, its automated and effortless.
Your bonds are emailed to your and the Obligee. It’s that fast…and simple.

Why Simpli Surety?

Simpli Surety is a licensed surety bond agency. Our bond professionals have been in the industry for over 40 years. Most online surety bond agencies only provide a quote range, then needing to shop various surety carriers for the bond. This makes the surety bonding process longer and tedious.

Simpli Surety requires basic underwriting information and as soon as you click submit, in most cases we render a decision right away. If approved, simply purchase with a credit card and you’ll have your bond emailed to you and the obligee (beneficiary or regulatory authority) in minutes.

Our instant issue rates are the most competitive in the business. And for more complex bonding situations, our experts will step in and provide a bespoke solution.

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Click here for our information center to learn more, or link to more FAQs.

How to Get a Surety Bond

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