Updated Information July 2020: Our agency offers you the Michigan personnel employment agency bond for 1, 2, or 3 years. There is no credit check inquiry; the premium is $100 for 1 year; $180 for 2 years; and $260 for 3 years. Please call us today
Licensing for employment agencies in Michigan is regulated by LARA (the state’s department for Licensing and Regulatory Affairs).
As a requirement for licensing, employment or personnel agencies are required to furnish evidence of a $10,000 surety bond.
AmeriPro Surety Bonds offers this bond as both a new and renewal bond.
Your Michigan employment agency bond will typically cost you between 1-3% of the bond’s amount; however, the amount that you will pay will be determined by an application and your credit score (our agency uses a ‘soft inquiry’ which does not lower your score).
Once the bond is issued, the bond is active for one year from the issuance. A current, active surety bond must be on file with LARA in order to maintain operations as a personnel agency in Michigan.
According to Article 10, Section 1006, the purposes of the Michigan employment agency bond is a financial guarantee which ensures the following:
Employment agencies in Michigan are classified as Type A and Type B; however, regardless of the classification, a $10,000 surety bond is still required.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, contractor, court, and fiduciary bonds throughout Michigan.
Our agency also provides surety bonds nationwide.
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