Michigan Surety Bonds
- Image
All types of surety bonds in Michigan - Image
Lowest rates on Michigan surety bonds - Image
We accept all credit types - Image
Secure and simple application process
Get a Free Bond Quote!
Most Popular Surety Bonds in Michigan
Find Your Michigan Surety Bond
| Freight Broker Bond (BMC-84) | N/A | FMCSA | Apply Now |
| General license & permit bond (not listed) | N/A | N/A | Apply Now |
| Contractor License (No P&P Language) Bond | Residential Builder and/or Residential maintenance | Michigan Dept. of Licensing and regulatory Affairs | Apply Now |
| Contractor License (No P&P Language) Bond | Security Alarm Contractor Bond | Dept of Licensing and Regulatory Affairs | Apply Now |
| Contractor License Performance & Payment (State) Bond | Residential Builder and/or Residential Maintenance | Dept of Licensing & Regulatory Affairs Lic. Div. | Apply Now |
| Excess Weight, Other Highway & Street Permit Bond | Uniform Bond | City of Detroit,County of Wayne, State of Michigan | Apply Now |
| Collection Agency Bond | Collection Agency | Bureau of Commercial Services, Licensing Division | Apply Now |
| Collection Agency Bond | Non-Depository Sales Finance Company and/or Out-O | Department of Insurance and Financial Services | Apply Now |
| Collection Agency Bond | Depository Financial Institution - Sales Finance C | Department of Insurance and Financial Services | Apply Now |
| Professional Fund Raisers Bond | Uniform Professional Fund Raiser Surety Bond | Departent of Attorney General-Charitable Trust Sec | Apply Now |
| Mortgage Broker (1st & 2nd Mortgages) Bond | Mortgage Lender | OFIR | Apply Now |
| Mortgage Broker (1st & 2nd Mortgages) Bond | First Mortgage Broker, Lender, and/or Servicer Bon | Office of Financial and Insurance Services | Apply Now |
| Mortgage Broker (1st & 2nd Mortgages) Bond | Mortgage Loan Originator - Individual | Office of Financial and Insurance Regulation | Apply Now |
| Mortgage Broker (1st & 2nd Mortgages) Bond | Mortgage Loan Originator - Company | OFIR Consumer Finance Section | Apply Now |
| Mortgage Broker (1st & 2nd Mortgages) Bond | SECOND Mortgage Broker, Lender, and/or Servicer | Commissioner, Office of Financial & insruance | Apply Now |
| Mortgage Lender/Banker (1st & 2nd Mort.) Bond | Bond - FIRST Mortgage Broker, Lender, and/or Servi | Office of Financial and Insurance Services | Apply Now |
| Mortgage Broker (2nd Mortgages Only) Bond | Second Mortgage Broker, Lender, and/or Servicer | Office of Financial and Insurance Regulation | Apply Now |
| Defective Title Bond | Vehicle Uniform Bond | Michigan Department of State | Apply Now |
| Defective Title Bond | Manufactured Home Uniform Bond | State of Michigan | Apply Now |
| Auto & Mobile Home Dealers (New & Used) Bond | Uniform Vehicle Dealer | Department of State | Apply Now |
| Auto & Mobile Home Dealers (Used Only, No New) Bond | Motor Vehicle Dealer | Department of State | Apply Now |
| Motor Vehicle (Non-Dealer, Not Listed) Bond | Uniform Manufactured Housing Retailer's Bond | Michigan - Department of State | Apply Now |
| Motor Vehicle (Non-Dealer, Not Listed) Bond | Uniform Manufactured Housing Retailer's Consumer D | Dept of Licensing and Regulatory Affairs | Apply Now |
| Sport Permits Bond | Unarmed Combat License Bond | MI Department of Licensing and regulatory Affairs | Apply Now |
| Detectives Bond | Security Guard Agency | Dept. of Licensing and Regulatory Affiars | Apply Now |
| Detectives Bond | Professional Investigator or Professional Investig | Michigan Department of Energy, Labor and Economic | Apply Now |
| Employment Agencies Bond | Professional Employer Organization Bond | State of Michigan | Apply Now |
| Professional Licenses (All Other) Bond | Information Purchaser's Uniform Surety Bond | Michigan Department of State | Apply Now |
| Professional Licenses (All Other) Bond | Deferred Presentment Service Provider Bond | State of Michigian | Apply Now |
| Professional Licenses (All Other) Bond | Alarm Business Bond | Michigan Dept of Licensing and Regulatory Affairs | Apply Now |
| Professional Licenses (All Other) Bond | Door to Door Sales Bond (City of Lansing, MI) | City of Lansing | Apply Now |
| Schools (All) Bond | Driver Education Provider | Michigan Department of State | Apply Now |
| Schools (All) Bond | Office of Postsecondary Services - Proprietary Sch | Mich Dept Energy, Labor, Economic Growth | Apply Now |
| Schools (All) Bond | School of Cosmetology | State of Michigan-Board of Cosmetology | Apply Now |
| Schools (All) Bond | Basic Driver Improvement Course Sponsor Bond | Michigan Department of State | Apply Now |
| Alcohol (Manufacturers, Warehouses, Wholesalers) Bond | MLCC Non-Retail License | Michigan Liquor Control Commission | Apply Now |
| Alcohol (Retailers) Bond | Retailer or Applicant for Retail License Bond | MLCC - MICHIGAN LIQUOR CONTROL COMMISSION | Apply Now |
| Alcohol (Retailers) Bond | Special License for Sale of Beer, Wine, and Spirit | MI Department of Licensing and Regulatory Affairs | Apply Now |
| Utility Deposit Bond | Bond Guaranteeing Payment of Utility Bills | Consumers Energy | Apply Now |
| Money Transmitter Bond | Money Transmission Services Provider Bond | Office of Financial Services | Apply Now |
Do you need more information about the Michigan surety bond requirements? Call our bond experts at (877)-514-5146 to learn more.
How Much Does a Michigan Surety Bond Cost?
The cost of a surety bond in Michigan is from $250 to $50,000. The bond amount required varies by trade. For example, a money transmitter needs a $500,000 surety bond, and a mortgage broker is required to hold a $25,000 bond.
The required bond that applies to you is available at a premium price from an authorized Michigan surety company. The premium price ranges from 1% to 10% of the full sum of the bond.
Several factors are reviewed to determine the premium rate, such as the applicant’s professional resume, assets and credit rating. Our trusted surety company bonds 99% of our applicants and accepts most credit scores.
The bond premium rate ranges from 1% to 3% for a 700 credit score or higher. The rate is from 3% to 5% for 600 to 699 credit score. For a lower credit score, the premium rate is 5% to 10% of the bond amount.
|
Surety Bond Cost Based on Credit Score |
||||
|
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
|
Freight Broker Bond |
$75,000 |
$750 - $2,250 |
$2,250 - $3,750 |
$3,750 - $7,500 |
|
Michigan Auto Dealer Bond |
$25,000 |
$250 - $750 |
$750 - $1,250 |
$1,250 - $2,500 |
|
Michigan Contractor Bond |
$50,000 |
$500 - $1,500 |
$1,500 - $2,500 |
$2,500 - $5,000 |
|
Michigan Mortgage Broker Bond |
$25,000 |
$250 - $750 |
$750 - $1,250 |
$1,250 - $2,500 |
|
Michigan Collection Agency Bond |
$50,000 |
$500 - $1,500 |
$1,500 - $2,500 |
$2,500 - $5,000 |
|
Michigan Money Transmitter Bond |
$500,000 |
$5,000 - $15,000 |
$15,000 - $25,000 |
$25,000 - $50,000 |
How to Get a Surety Bond in Michigan
1. Learn About Michigan Surety Bond Requirements
The surety bond requirements in Michigan vary considerably. To ensure that your new bond meets your needs, take time to learn about the requirements applicable to you. Links to state resources are provided below. To learn about freight broker bond requirements, contact the FMCSA.
2. Apply For Your Bond Online
After determining the bond requirements for your needs, the next step is to fill out the brief online application. Our surety company has been trusted by Michigan professionals for over a decade. If you have questions about the bond application, we are available to help.
3. Get a Bond Quote
When you apply for a bond with us, you will benefit from a no-obligation, instant quote. For bond applications that require a more thorough review, a quote is available within 48 hours.
Shawn needed a contractor bond to work in Michigan, and he took advantage of our online application to get an immediate quote. He contacted our bond experts with questions about the quote, and we provided the clarity he needed. Soon after he paid the premium, we emailed the bond to him.
4. Make Your Payment Online
Buying your bond is easy to do with our online payment portal. Your bond will quickly be processed after the payment is received. After the bond is prepared, we will email it directly to you. The bond can also be mailed upon request.
Our diligent bond experts are committed to providing you with a hassle-free bond experience. If you need assistance or have questions, contact us or call us at (877) 514-5146.
Start your surety bond application. 100% money-back guarantee!
Other Michigan Surety Bonds
Resources
Michigan License Info
Lance Surety Bonds is licensed to underwrite surety bonds in Michigan.
About Us
What Our Clients Have To Say?
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!