Professional Investigator or Professional Investigator Agency Surety Bond
Any person, firm, partnership, company, limited liability company, or corporation seeking to be licensed as a professional investigator or professional investigator agency in Michigan. Required when: Upon application for an initial professional investigator license or for the renewal of an existing license. Exemptions…
Overview
What it is.
Any person, firm, partnership, company, limited liability company, or corporation seeking to be licensed as a professional investigator or professional investigator agency in Michigan. Required when: Upon application for an initial professional investigator license or for the renewal of an existing license. Exemptions…
Who usually needs it
Any person, firm, partnership, company, limited liability company, or corporation seeking to be licensed as a professional investigator or professional investigator agency in Michigan.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license 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. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
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$10,000Term length3 years (concurrent with the license term)ObligeeMichigan Department of Licensing and Regulatory Affairs, Corporations, Securities & Commercial Licensing BureauRenewalThe license and bond must be renewed every three years. Renewal requires a $300 fee and the submission of a renewed bond or proof of continued bond coverage.Bond classLicense BondCategoryProfessional ServicesBondProfessional Investigator or Professional Investigator Agency Surety BondStatutory referenceMCL 338.829JurisdictionState
