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How much does a Michigan contractor license bond cost?
Michigan contractor license bond costs start at $100 annually. Your premium will depend on your contractor license type and its required bond amount, but pricing is the same for all applicants.
How do you get a Michigan contractor license surety bond?
You can purchase your Michigan contractor license bond online 24/7. Simply select the bond for your licensing requirement and provide your contractor or construction company name, address, and license type. Once your order is processed, your bond confirmation will be delivered to your email.
How fast can I get a contractor bond?
SuretyBonds.com offers emailed document delivery for most Michigan contractor license bonds. Orders placed by 4 PM CST Monday-Friday are typically processed with same-day emailed delivery. If your licensing agency requires your official contractor bond be physically issued and delivered to you, we'll ship it to your preferred mailing address.
If you have questions about Michigan contractor license bond requirements, call 1(800)308-4358 to speak with a friendly surety expert. We're here to guide you through the contractor bond process so you can get back to running your business.
What is a Michigan contractor license bond?
“Michigan contractor license bond” is a general term for the various surety bonds required by construction codes for contractor licensing. At the state level, Michigan Compiled Laws Section 338.1059 requires security alarm contractors file a $25,000 surety bond before being licensed. All other contractor surety bonds are required by local licensing departments. Each bond form has its own terms, but they typically ensure contractors complete construction work and operate their companies according to any applicable city, county, or state laws.
Why are Michigan contractor bonds required?
Individuals licensed to perform construction work purchase and file contractor license bonds as a guarantee they'll work according to construction codes. If a licensed contractor fails to comply with Michigan city, county or state laws, the issuing surety company will pay valid claims up to the full bond amount. The bonded contractor then must reimburse the surety company for all damages paid out.
Who regulates licensing for contractors?
The Michigan Department of Licensing and Regulatory Affairs enforces the bonding and licensing requirement for security alarm contractors working in the state. LARA staff can be contacted by phone at 1(517)241-8205. Local regulatory agencies, such as city or county licensing departments, enforce their own additional requirements for contractors.
Who needs a Michigan contractor license surety bond?
Depending on your city's local construction codes, you might need to file a surety bond if you work as a general contractor, mechanical contractor, residential builder, commercial builder, HVAC contractor, or alteration contractor. You should always check with your local city and county to see if they require permits for commercial services project management or work performed on any residential structure.
If you work in one of the following cities, you must file a specific surety bond with them directly before receiving your local contractor compliance license. If you need a surety bond for a city not listed, call 1(800)308-4358.
- St. Clair
Need a surety bond for a construction project in Michigan?
Michigan contractor bonds are required for licensing compliance. If you need a surety bond before you can begin work on an individual contracted project, you might need a bid bond, payment bond, performance bond, or other type of contract bond. If you work in states other than Michigan, we also offer contractor license bonds nationwide.
How do I update or change my licensed contractor bond form?
If your licensing authority requires you to update your surety bond documentation for any reason, contact your surety provider. If you purchased your bond from SuretyBonds.com, email [email protected] to explain the needed change. The most common changes for these bonds include updating the contractor's name or address.
How do you renew your Michigan contractor license bond?
You must renew your Michigan contractor license bond before its current term expires. Once you pay your SuretyBonds.com renewal invoice, we'll email you renewal instructions. You must keep your surety bond active and on file with your licensing authority for the duration of your contractor license.
How do you get a contractors license in Michigan?
Most Michigan contractor licenses are required on the local level, so application requirements vary depending on the regulatory agency enforcing them. However, a contractor license application and surety bond are typically required. Contact your local licensing division for guidance about construction application permits.
You must meet the following requirements to apply as a Michigan security alarm contractor.
- at least 21 years old
- high school diploma or its equivalent
- no felony convictions
- no outstanding warrants
- Michigan office location and a resident manager
- surety bond or insurance policy filed with the Department of Licensing and Regulatory Affairs
- proof of relevant experience