Michigan Surety Bonds
Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your Michigan surety bond needs.
Continue reading below to learn more about common Michigan bonding requirements, or use our online form to request a quote now.
Michigan License Bonds
License bonds are often required at the state or local level (or both) as a condition for obtaining a license to operate a business or practice a profession. Michigan’s Licensing and Regulatory Affairs Department (LARA) and its various bureaus and agencies issue professional and business licenses at the state level.
For example, general contractors working on projects valued at over $600 must obtain either a residential builder’s license or an alteration contractor’s license from LARA, which requires the purchase of a surety bond.
Some municipalities also require bonding for businesses and professionals operating within their jurisdiction.
Michigan Construction & Contractor Bonds
Both the state of Michigan and certain municipalities require contractors to purchase specific types of contractor bonds—including bid bonds, performance bonds, payment bonds, and others—before being awarded a contract for a public works project.
Michigan Court Bonds
Michigan court bonds fall into two main categories: appeal bonds and probate bonds. Appeal bonds may be required from parties appealing a court decision when contested assets or sizable damage awards are involved. Probate bonds are required for people serving in a fiduciary capacity, such as an executor of an estate, guardian of a minor, or custodian of an adult.
Our experienced professionals will gladly answer any questions you may have about Michigan surety bonds to help you get the bonds you need. Request a quote today!