Michigan Surety Bonds

Fast Approvals - Low Rates - Bad Credit Program
  • Lowest rates on Michigan surety bonds
  • Specializing in Michigan surety bonds
  • Surety bonds for high risk applicants
  • #1 surety bond producer
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Michigan Surety Bonds Overview

As one of the best surety bond producers in the industry, Bryant Surety Bonds is able to provide you with every type of Michigan surety bond required.

We underwrite highly secure bonds at exclusive and competitive rates and pride ourselves on working only with A-rated and T-listed surety bond companies. We have extensive experience with underwriting surety bonds in Michigan and are well acquainted with all state requirements for surety bonds. We also offer applicants who can’t place a bond due to bad credit the possibility to get bonded in Michigan through our special bad credit programs.

Read on to find out more about Michigan surety bonds, how much your surety bond will cost and how you can get bonded with less-than-perfect credit score.

If you already know what you are looking for, just scroll through the list below and follow the application link to receive a quote on your bond.

Find the Bond You Need

  • Contractor License (No P&P Language) Bond
    Michigan Dept. of Licensing and regulatory Affairs
    Residential Builder and/or Residential maintenance
  • Contractor License (No P&P Language) Bond
    Dept of Licensing and Regulatory Affairs
    Security Alarm Contractor Bond
  • Contractor License Performance & Payment (State) Bond
    Dept of Licensing & Regulatory Affairs Lic. Div.
    Residential Builder and/or Residential Maintenance
  • Excess Weight, Other Highway & Street Permit Bond
    City of Detroit,County of Wayne, State of Michigan
    Uniform Bond
  • Collection Agency Bond
    Bureau of Commercial Services, Licensing Division
    Collection Agency
  • Collection Agency Bond
    Department of Insurance and Financial Services
    Non-Depository Sales Finance Company and/or Out-O
  • Collection Agency Bond
    Department of Insurance and Financial Services
    Depository Financial Institution - Sales Finance C
  • Professional Fund Raisers Bond
    Departent of Attorney General-Charitable Trust Sec
    Uniform Professional Fund Raiser Surety Bond
  • Mortgage Broker (1st & 2nd Mortgages) Bond
    OFIR
    Mortgage Lender
  • Mortgage Broker (1st & 2nd Mortgages) Bond
    Office of Financial and Insurance Services
    First Mortgage Broker, Lender, and/or Servicer Bon
  • Mortgage Broker (1st & 2nd Mortgages) Bond
    Office of Financial and Insurance Regulation
    Mortgage Loan Originator - Individual
  • Mortgage Broker (1st & 2nd Mortgages) Bond
    OFIR Consumer Finance Section
    Mortgage Loan Originator - Company
  • Mortgage Broker (1st & 2nd Mortgages) Bond
    Commissioner, Office of Financial & insruance
    SECOND Mortgage Broker, Lender, and/or Servicer
  • Mortgage Lender/Banker (1st & 2nd Mort.) Bond
    Office of Financial and Insurance Services
    Bond - FIRST Mortgage Broker, Lender, and/or Servi
  • Mortgage Broker (2nd Mortgages Only) Bond
    Office of Financial and Insurance Regulation
    Second Mortgage Broker, Lender, and/or Servicer
  • Defective Title Bond
    Michigan Department of State
    Vehicle Uniform Bond
  • Defective Title Bond
    State of Michigan
    Manufactured Home Uniform Bond
  • Auto & Mobile Home Dealers (New & Used) Bond
    Department of State
    Uniform Vehicle Dealer
  • Auto & Mobile Home Dealers (Used Only, No New) Bond
    Department of State
    Motor Vehicle Dealer
  • Motor Vehicle (Non-Dealer, Not Listed) Bond
    Michigan - Department of State
    Uniform Manufactured Housing Retailer's Bond
  • Motor Vehicle (Non-Dealer, Not Listed) Bond
    Dept of Licensing and Regulatory Affairs
    Uniform Manufactured Housing Retailer's Consumer D
  • Sport Permits Bond
    MI Department of Licensing and regulatory Affairs
    Unarmed Combat License Bond
  • Detectives Bond
    Dept. of Licensing and Regulatory Affiars
    Security Guard Agency
  • Detectives Bond
    Michigan Department of Energy, Labor and Economic
    Professional Investigator or Professional Investig
  • Employment Agencies Bond
    State of Michigan
    Professional Employer Organization Bond
  • Professional Licenses (All Other) Bond
    Michigan Department of State
    Information Purchaser's Uniform Surety Bond
  • Professional Licenses (All Other) Bond
    State of Michigian
    Deferred Presentment Service Provider Bond
  • Professional Licenses (All Other) Bond
    Michigan Dept of Licensing and Regulatory Affairs
    Alarm Business Bond
  • Professional Licenses (All Other) Bond
    City of Lansing
    Door to Door Sales Bond (City of Lansing, MI)
  • Schools (All) Bond
    Michigan Department of State
    Driver Education Provider
  • Schools (All) Bond
    Mich Dept Energy, Labor, Economic Growth
    Office of Postsecondary Services - Proprietary Sch
  • Schools (All) Bond
    State of Michigan-Board of Cosmetology
    School of Cosmetology
  • Schools (All) Bond
    Michigan Department of State
    Basic Driver Improvement Course Sponsor Bond
  • Alcohol (Manufacturers, Warehouses, Wholesalers) Bond
    Michigan Liquor Control Commission
    MLCC Non-Retail License
  • Alcohol (Retailers) Bond
    MLCC - MICHIGAN LIQUOR CONTROL COMMISSION
    Retailer or Applicant for Retail License Bond
  • Alcohol (Retailers) Bond
    MI Department of Licensing and Regulatory Affairs
    Special License for Sale of Beer, Wine, and Spirit
  • Utility Deposit Bond
    Consumers Energy
    Bond Guaranteeing Payment of Utility Bills
  • Money Transmitter Bond
    Office of Financial Services
    Money Transmission Services Provider Bond

Types of Michigan Bonds

Your type of Michigan surety bond depends on what you need a surety bond for. Do you need a license bond in order to get your business licensed in the state or do you need a contract bond for a construction project? Consider the different types of Michigan surety bonds below.

Michigan License & Permit Bonds

Business licenses are often issued only under the condition that applicants obtain a license and permit surety bond. Such bonds guarantee that businesses will adhere to state regulations for their license. They also guarantee that they will conduct business honestly and according to best practices in their industry.

We receive the most requests for Michigan license bonds such as the Michigan auto dealer bond or the Michigan mortgage broker bond as well as freight broker bonds. We also underwrite all other types of license and permit bonds in Michigan, depending on your business license.

Bond amounts for license bonds vary from state to state and from bond type to bond type. The Michigan auto dealer bond has to be in the amount of $10,000, while the $75,000 freight broker bond has the same amount throughout the whole country.

If you are not familiar with how surety bonds are priced, don’t worry about these amounts. The amount of your Michigan surety bond is not the same as the cost of obtaining it. Have a look at the section below on surety bond cost in Michigan to understand the difference.

Michigan Contract Bonds

Bryant Surety Bonds underwrites all types of contract bonds required for bidding on or working on a construction project in Michigan. Contract bonds are a strict requirement under most federal and state construction projects and are also required on many private projects.

Contract bonds guarantee that contractors will comply with the conditions set forth in their contract with the project owner, and perform according to regulations.

Michigan Court Bonds

Court bonds are surety bonds which are often requested by courts. For example, a Michigan appeal court could request an appellant to obtain a court bond prior to being able to appeal a judgement. A Michigan probate court can also request a fiduciary to obtain a fiduciary bond. We can underwrite all types of Michigan court bonds for you.

Do you have questions or doubts about which Michigan surety bond you need? Feel free to call us at (866)-450-3412 anytime to speak to one of our surety bond experts and receive advice and guidance.

Surety Bond Cost in Michigan

The amount of your Michigan surety bond and the cost of your bond are closely related. To determine the rate of your bond, surety bond companies take into account the amount of the bond and different financial factors. Depending on the type of bond (license, contract or court bond) fewer or more factors may be considered.

For example, the Michigan auto dealer bond’s full amount is $10,000. This is the coverage amount that the surety bond company can extend to obligees if there is a claim against the bond.

The cost of your bond is the sum you will have to pay to obtain this bond. This cost is also known as your premium or your surety bond rate. To determine your rate, the surety bond company will most often first look at your personal credit score.

When determining the cost of your Michigan surety bond, a bond company may also want to assess your:

  • Financial statements
  • Industry experience
  • Your business’s overall stability
  • Other financial factors

If you have a high personal credit score, you will usually be offered a rate between 1%-4% of the total bond amount. These rates are called standard market rates. Applicants who have less than perfect credit usually are offered rates between 5%-15% of the total bond amount.

We have devised our Bad Credit Surety Bond Program specifically for those applicants with less-than-perfect credit scores. While a low credit score is usually perceived as a significant risk to bonding, we are able to underwrite Michigan surety bonds to such applicants, though at slightly higher rates.

For a ballpark estimate of the cost of your Michigan surety bond, try our surety bond calculator in the right sidebar. For a precise and entirely free quote on your bond, simply fill in our online form.

Want to know more about what determines the rate of your surety bond? Make sure to visit our Surety Bond Cost page.

How to Get Bonded in Michigan

Once you know what kind of bond you need, you can go ahead and get bonded. Getting your surety bond is simple and straightforward. Just follow one of the two links below, depending on the type of Michigan surety bond you will be applying for.

If you need to obtain a Michigan license and permit bond, you need to fill in our online application form. Once you have submitted your application we will get in touch with you with a free quote on the bond you have requested. Depending on your bond, we may ask you to provide us with more documentation before we underwrite it. However, most bonds are instantly approved online.

When applying for a Michigan contract surety bond, there are two application forms depending on the amount of your bond.
Our Fast Track Program applies to you if your contract bond is under $250,000.

For contract bonds over $250,000 you will have to use our Full Bond Line Project application form.
To apply for a contract bond, download and fill in the application form for your contract bond and just forward it to us. Soon after we receive your form, we will contact you with more information.

If you would like to speak to one of our surety bond experts before applying, you can always call us at (866)-450-3412. We are experts in all types of Michigan surety bonds and can provide you with all the information you need.

To understand better what is a surety bond, read our dedicated section for more detailed and useful information. This page is full of useful information about the types of surety bonds, how they work and when do you need to post one.