Michigan Liquor License Bond | AmeriPro Surety Bonds |
Liquor license bond – Michigan
The liquor license bond falls into several categories. Whether or not mentioned here, AmeriPro Surety Bonds offers the liquor license bond for your compliance with the Liquor Control Commission.
There is the Michigan non-retail license bond, a $1000 surety bond; there is also the Michigan retail license bond, which is for $50,000.
Michigan Liquor License Bond: Its Premium
The cost of the $50,000 Michigan license bond will be determined by the following:
- Information provided on a surety bond application;
- Your credit score
Typically, this $50,000 surety bond may be as little as 1-4% annually; however, applicants with lower credit scores will be required by the surety to pay more for this bond.
AmeriPro Surety Bonds sources the best surety bond price for our customers.
Michigan Liquor License Bond: Its Purpose
Michigan liquor licensees are required to provide evidence of financial responsibility. That minimum amount is $50,000.
If the value of that amount (i.e. equities, securities) falls below the $50,000 floor, the amount must be brought up to $50,000.
Obtaining a single $50,000 surety bond takes care of that problem altogether, plus the price of doing so will cost your far less than pledging $50,000 in other valuables.
The bond’s existence guarantees your compliance with all laws and regulations governing the retail sales of liquor within the state of Michigan.
This Surety Bond’s Duration
Once issued, the bond is active for one year, and thereafter must be renewed annually.
If you are filing a surety bond with the commission, an active bond must always remain on file as a condition of your retail liquor sales license.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, contractor, court and fiduciary surety bonds throughout the state.
We also provide surety bonds nationwide.
Please call our agency today at:
Or, you may fill out our form below and an agent will call you…