The act requires security alarm contractors to furnish a $25,000 surety bond as a condition for licensing.
AmeriPro Surety Bonds offers this bond as both a new and renewal surety bond.
The price for the Michigan security alarm contractor bond will typically be just $125 annually. There is no credit score check. After completing the application with an agent, and paying of the premium, this bond is issued to you immediately. A copy of the bond can be sent to you by email and the original bond with the wet signature will be sent by the following business day.
Once issued this surety bond is active for one year from the date of issuance, and thereafter it must be renewed. Additionally, the bond can be prepaid for up to 2 years for 225, or 3 years for $325.
While the $25,000 surety bond may be required of you, the purpose of this surety bond is for the benefit of the people of the state of Michigan.
That is, the bond is a financial guarantee which ensures your compliance with the Security Alarms System Act.
The bond protects against negligence, wrongful acts, fraud, theft, or in general any criminal or illegal acts performed by a licensed Michigan alarm contractor or any related personnel which results in harm for Michigan residents.
The surety bond allows for those who can credibly demonstrate harm to potentially reclaim losses --- losses which you must repay to the surety as the surety bond’s principal, if such were ever the case.
AmeriPro Surety Bonds is a surety bonds only agency which provides license and permit, contractor, court, and fiduciary surety bonds throughout Michigan.
We also provide surety bonds nationwide.
Please call our surety bond agency today at:
Or, you may fill out our form below and an agent will contact you.