This bond is required for businesses or organizations that run apprenticeship programs in Michigan. It protects the state and ensures that program operators follow Michigan's apprenticeship laws and regulations, including properly training and compensating apprentices. If the program operator fails to meet their legal…
Overview
What it is.
This bond is required for businesses or organizations that run apprenticeship programs in Michigan. It protects the state and ensures that program operators follow Michigan's apprenticeship laws and regulations, including properly training and compensating apprentices. If the program operator fails to meet their legal…
Who usually needs it
Any entity or individual offering cosmetology apprenticeship programs in Michigan, including cosmetology schools, salons, or independent educators providing training to aspiring cosmetologists. This bond is mandated as part of licensing requirements to protect apprentices and consumers from financial losses due to non-compliance, negligence, or failure to f…
Pricing & timing
What to expect.
Generic pricing
Miscellaneous commercial bonds cover a wide range of business obligations not fitting other categories. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Pricing varies by specific bond type and requirements. Some miscellaneous bonds may price higher depending o…
Typical timeframe
Credit-based approval — varies by bond type
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateMIBond amount$1,000ObligeePeople of the State of MichiganBond classMiscellaneous CommercialCategoryOtherBondApprenticeship BondPlain descriptionThis bond is required for businesses or organizations that run apprenticeship programs in Michigan. It protects the state and ensures that program operators follow Michigan's apprenticeship laws and regulations, includi…Who needs this bondAny entity or individual offering cosmetology apprenticeship programs in Michigan, including cosmetology schools, salons, or independent educators providing training to aspiring cosmetologists. This bond is mandated as …
