Surety Bonds in the State of Michigan
The wolverine state—a very apt tagline for a state with a strong economic growth rate. The State of Michigan has a list of industries that’s been contributing to its economic boom. Majority of these industries require surety bonds as a means of financial security.
Surety bonds are required for hundreds of reasons. You may be required to get a Michigan surety bond because you are applying for a license or a permit. It could also be because you are a contractor who is about to bid on a project. Another reason is that a court has mandated you to obtain one.
Whatever the reason is, Michigan surety bonds are requirements that must be fulfilled in pursuant to the provisions of the Michigan Compiled Laws. Obtaining one from us is easy. We have created a system that allows for easy application and faster processing. For more information, click on the name of your particular surety bond on our list. You will learn about the following:
- What the surety bond is for
- How much your surety bond cost
- How a surety bond works
- A step-by-step application process