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How Much Does a Michigan Contractor License Bond Cost?
The cost of a Michigan contractor license bond ranges from $250 to $2,500. This is based on the $25,000 bond requirement for a security alarm contractor. Most of the bond requirements in Michigan are at the local level, and these bond amounts vary.
You can purchase your contractor license bond at a premium rate rather than paying the full bond amount. As an authorized Michigan surety company, we offer all types of bonds at a cost of 1% to 10% of the bond amount.
We have been providing bonds to our customers in Michigan for over a decade. Bond rates are determined by a review of the applicant’s credit, credentials and financial strength. Because we accept most credit scores, we bond more than 99% of our applicants.
With a 700 credit score or higher, the premium rate will be 1% to 3%. With a 600 to 699 score, the rate will range from 3% to 5%. The rate will be between 5% and 10% for lower credit scores.
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Surety Bond Cost Based on Credit Score |
||||
|
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
|
Michigan Department of Licensing and Regulatory Affairs Security Alarm Contractor Bond |
$25,000 |
$250 - $750 |
$750 - $1,250 |
$1,250 - $2,500 |
|
Detroit Right of Way Bond |
$2,500 |
$100 |
$100 - $125 |
$125 - $250 |
|
Kentwood ROW Permit Bond |
$20,000 |
$200 - $600 |
$600 - $1,000 |
$1,000 - $2,000 |
How to Get a Michigan Contractor License Bond
1. Determine the Surety Bond You Need
Contractors in Michigan are subject to both state and local license and bond requirements. Before applying for your surety bond, spend a few minutes researching the requirements that are applicable to you. Resource links are available below for your convenience.
When Chen contacted us about a contractor bond recently, he expected a days-long process. However, he benefited from an instant quote after completing the online application and paid the premium online right away. Soon, we emailed his bond, enabling him to finish his licensing application quickly.
2. Apply for Your Contractor Bond
After determining which type of contractor bond is needed, the next step is to fill out the online application. Many of our applicants walk through this easy step in a couple of minutes.
3. Get a Quote
After completing your application for a Michigan contractor bond, you will get an instant quote. For more challenging applications that require greater review, we provide quotes in 48 hours or less.
4. Buy Your Bond
We make it easy to finalize your purchase. Through our payment portal online, you can pay the premium conveniently. You will quickly receive your bond via email. If requested, we can mail the bond to you as well.
Our bond experts offer friendly, knowledgeable assistance, and we are available to answer your questions and guide you through your purchase. Please contact us or call us at (877) 514-5146 if you need assistance.
Apply for a free no-obligations quote on your contractor license bond!
Contractor License Bond Requirements in Michigan
Most contractor bond requirements are established and enforced at the local level. However, the Michigan Department of Licensing and Regulatory Affairs requires security alarm contractors across the state to hold a bond. The regulation is established under the Public Act 330 of 1968.
Specifically, these contractors are required to have a $25,000 surety bond to obtain and hold a license. The obligee is the State of Michigan.
Cities and counties across the state also have surety bond requirements for contractors. These include:
|
Surety Bond |
Bond Amount |
Premium |
|
Bloomfield Township Sewer Contractor Bond |
$10,000 |
From $100 |
|
City of Detroit Fire Repair Contract Solicitor Bond |
$5,000 |
From $100 |
|
$2,500 |
From $100 |
|
|
$50,000 |
From $500 |
|
|
$25,000 |
From $250 |
|
|
City of Lansing Demolition Contractor Registration Bond |
$10,000 |
From $100 |
|
City of Roseville Cement Contractor Bond |
$2,000 |
From $100 |
|
City of Roseville 2024 Sidewalk and Approach Contractor Bond |
$2,000 |
From $100 |
|
City of Southfield Contractor Bond |
$5,000 |
From $100 |
|
City of St. Clair Shores Marine Contractor Bond |
$1,000 |
From $100 |
|
$2,000 |
From $100 |
|
|
$1,500 |
From $100 |
|
|
Clinton Township Contractor Bond |
$5,000 |
From $100 |
|
Livingston County Sewage Disposal Contractor Bond |
$25,000 |
From $250 |
|
Shelby Township General Contractor Bond |
$1,000 - $50,000 |
From $100 |
|
Oakland County Construction Bond |
$1,000 - $10,000 |
From $100 |
|
City of Detroit Builder or Erector Bond (Builder of Artificial Stone Sidewalks) |
$2,500 |
From $100 |
|
$5,000 |
From $100 |
|
|
$5,000 |
From $100 |
|
|
City of St. Clair Shores Drainlayer Bond |
$1,000 |
From $100 |
|
$5,000 |
From $100 |
|
|
Wayne County Soil Erosion and Sedimentation Control Permit Bond |
$1,000 - $100,000 |
From $100 |
|
City of St. Clair Shores Asphalt, Concrete, or Curb Cutter Bond |
$1,000 |
From $100 |
|
$10,000 |
From $100 |
|
|
City of Kalamazoo Sidewalk Bond |
$5,000 |
From $100 |
|
Genesee County Soil Erosion Bond |
$1,000 - $100,000 |
From $100 |
|
$35,000 |
From $350 |
|
|
Livingston County Soil Erosion and Sedimentation Control Bond |
$1,000 - $25,000 |
From $100 |
|
Waterford Township Demolition Permit Bond (Residential Property) |
$100 |
From $100 |
|
Waterford Township Demolition Permit Bond (Commercial Property) |
$600 |
From $100 |
|
$20,000 |
From $200 |
|
|
$1,000 - $250,000 |
From $100 |
|
|
Davison Township Sewer Contractors Bond |
$10,000 |
From $100 |
|
Grand Traverse County Public Works Bond |
$1,000 - $10,000 |
From $100 |
|
Oakland County Licensed Sidewalk Builder Bond |
$1,000 |
From $100 |
|
$5,000 |
From $100 |
|
|
City of Grand Rapids Water Service and Drainage System Permit Bond |
$5,000 |
From $100 |
|
Township of Scio Contractor License Bond |
$25,000 |
From $250 |
While the term length, bond amount and obligee vary, the premium must be paid annually for all bonds. We will contact you annually prior to the next due date to help you maintain your bond.
How to Get Your Michigan Contractor License
Regardless of your trade, our Michigan contractor license guide offers helpful information as you navigate through this process. Specific license requirements vary. Some of the common requirements include:
- An application form
- An application fee
- A surety bond
- Professional training and experience
- Liability and worker’s compensation insurance
- Business entity documents
For specific licensing and bond requirements, contact your local authority or:
Michigan Department of Licensing and Regulatory Affairs
Ottawa Building
611 W. Ottawa
P.O. Box 30004
Lansing, MI 48909
Phone: (517) 241-9223
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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!
