This bond is required for anyone who wants to open or operate a cosmetology school in Michigan. The state requires this $10,000 bond to protect students and the public. If the school fails to follow state regulations, doesn't deliver promised training, or acts dishonestly, students can file claims against the bond to …
Overview
What it is.
This bond is required for anyone who wants to open or operate a cosmetology school in Michigan. The state requires this $10,000 bond to protect students and the public. If the school fails to follow state regulations, doesn't deliver promised training, or acts dishonestly, students can file claims against the bond to …
Who usually needs it
Owners or operators of cosmetology schools in Michigan who are applying for a cosmetology school license must obtain this $10,000 surety bond. This includes standalone cosmetology schools teaching hair care, skin care, manicuring, and optionally electrology, as well as cosmetology programs within larger vocational schools or colleges. The bond ensures faith…
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$10,000ObligeeState of MichiganBond classLicense BondCategoryOtherBondSchool of CosmetologyPlain descriptionThis bond is required for anyone who wants to open or operate a cosmetology school in Michigan. The state requires this $10,000 bond to protect students and the public. If the school fails to follow state regulations, d…Who needs this bondOwners or operators of cosmetology schools in Michigan who are applying for a cosmetology school license must obtain this $10,000 surety bond. This includes standalone cosmetology schools teaching hair care, skin care, …
