Dearborn Heights License and Permit Bond Guide
If you’re applying for a business license or permit in Dearborn Heights, you may need this surety bond.
Bond Overview
- Purpose: To protect the public and the city from financial loss
- Who Needs It: Various business types in Dearborn Heights
- Regulating Body: The City of Dearborn Heights Building Department
- Required Coverage: $10,000
- Premium Rate: $100 for a 1-year term
Learn all about the bond requirements and process in this guide.
What Is a Dearborn Heights License and Permit Bond?
A Dearborn Heights license and permit bond protects the city and the public if professionals break laws or contract terms.
The City of Dearborn Heights Building Department requires this bond as part of the licensing process for certain business and contractor types, such as excavation contractors.
How Much Do License and Permit Bonds Cost?
A $10,000 Dearborn Heights license and permit bond costs a flat rate of $100 for a 1-year term. Or, you can save 25% by selecting a multi-year term.
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How Do I Get My Bond?
With SuretyBonds.com, you can buy your Dearborn Heights license and permit bond instantly online. Just enter your information and checkout in minutes.
We’ll email you the bond shortly after purchase. Be sure to file the bond with the Building Department as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Dearborn Heights License and Permit Bond Work?
This bond creates a legal contract between three parties:
- Principal: You, the licensed professional filing the bond
- Obligee: The City of Dearborn Heights Building Department requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding applicable local laws and regulations.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your license and permit bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.