Michigan Residential Builder Bond

To get a contractor license in Michigan, you need a $25,000 bond. You file it with the Michigan LARA. You can set it up online.

Bond Amount
$25,000
Typical Premium
$175–$750/yr
Term
3 Years
Required By
Michigan LARA (Dept. of Licensing and Regulatory Affairs)
Get Your Bond Quote
All 50 States
Bonds in every state
Fast Quotes
Most returned within 24 hours
A-Rated Sureties
Backed by strong carriers
Same-Day Filing
Often issued the same day

What Is the Michigan Residential Builder Bond?

A Michigan contractor bond is a money guarantee. It protects your customers, not you. If you wrong a customer, they can claim against it. The surety pays, then you repay the surety.

The Michigan bond is set at $25,000.

It covers residential builders and home remodelers.

Who Needs This Bond in Michigan?

How to Get Bonded — Step by Step

  1. Apply to be licensed.
  2. Buy your bond online here — fast quotes.
  3. Turn in the bond with the Michigan LARA.
  4. Receive your license and take on jobs.

Renewal & Continuous Bond Coverage

Your Michigan license is good for three years. Line up a new bond before it ends so your license never drops.

Frequently Asked Questions

What does the Michigan bond cover?

Residential builders and home remodelers must carry the $25,000 bond.

Does the Michigan bond protect me?

No. The bond protects your customers and the state, not you. If a claim is paid, you pay the surety back. The bond is not your own insurance.

How fast can I get bonded in Michigan?

We shop several sureties for you, often within a day. Many bonds are issued the same day for good credit.

How much does the bond cost?

You pay a yearly premium — a small percent of the bond amount. Your rate depends mostly on your credit.

How a Surety Bond Works

A contractor bond is a type of surety bond. The picture below shows the three parties and what happens if someone files a claim.

Diagram of how a surety bond works: the obligee requires the bond, the principal applies and signs an indemnity agreement, and the surety issues the bond; if the principal fails, the obligee files a claim, the surety investigates and may pay, and the principal reimburses the surety.

Ready to get your Michigan Residential Builder Bond?

Apply in 2 minutes. Most quotes returned same day.

Start Your Application
This Residential Builder Bond in other states
Alaska · Arizona · Arkansas · California · Hawaii · Maryland · Nevada · New Jersey · North Carolina · Pennsylvania · Virginia
Other Michigan surety bonds
Collection Agency Bond · Notary Public Bond · Vehicle Dealer Bond

Related: All Michigan surety bonds · What is a surety bond? · How surety bond costs are calculated

Underwriting Disclosure. All surety bond applications are subject to underwriting review and approval by the issuing surety company. Quoted premiums are estimates only; final pricing is determined by individual underwriting factors, which may include personal and business credit history, financial statements, industry experience, and claims history. Many bonds qualify for instant online approval, while others may require additional documentation, financial review, or indemnitor signatures prior to issuance. SuretyBondly makes no representation, warranty, or guarantee of approval, eligibility, premium amount, bond form, or issuance timing. Bond amounts, forms, and requirements are governed by the applicable obligee and statutory authority and may change without notice. Information provided on this page is for general informational purposes only and does not constitute legal, financial, or tax advice.