Michigan School of Cosmetology Bond

A Michigan School of Cosmetology Bond is a type of surety bond required by the Michigan Department of Licensing and Regulatory Affairs (LARA) for schools offering cosmetology programs in the state. It acts as a safety net for students in case the school fails to meet its obligations. The bond amount is $10,000 and the cost of the surety bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150. Surety1 will shop its many markets to procure the right price at the right terms.

How to Get a Michigan School of Cosmetology Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the surety bond will be shipped to the bond applicant.
^{1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.} 

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.

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Who Needs This Surety Bond?

Any institution operating as a school of cosmetology in Michigan needs a Michigan School of Cosmetology Bond. This applies to any entity offering programs that train individuals in the skills and knowledge necessary to become licensed cosmetologists in the state.

Here’s a breakdown of who would require this bond:

• Standalone Cosmetology Schools: Independent institutions solely focused on cosmetology education.
• Programs Within Larger Institutions: If a vocational school or college offers a cosmetology program, they would need a separate bond for that specific program.

It’s important to note that this bond requirement only applies to schools, not individual cosmetologists. Once you complete your program and obtain your cosmetology license, you won’t need a separate bond to practice professionally in Michigan.

Click here for the  MICHIGAN SCHOOL OF COSMETOLOGY LICENSING GUIDE