Michigan Security Guard Agency Bond

A Michigan Security Guard Agency Bond is a type of surety bond  required by the Michigan Department of Licensing and Regulatory Affairs (LARA) for businesses operating as security guard agencies. The surety bond amount is $25,000 and the cost of the surety bond is usually between 1% and 3% of the bond amount. Surety1 will shop its many markets to procure the right price at the right terms.

How to Get a Michigan Security Guard Agency 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 Michigan Security Guard Agency 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?

A Security Guard Agency in Michigan is a business entity that provides security guard services to other businesses or individuals. This includes hiring, training, and deploying security guards to protect property, people, and assets. All security guard agencies need to be licensed and bonded within the state.

Key characteristics of a security guard agency in Michigan:

• Licensing: Must be licensed by the Michigan Department of Licensing and Regulatory Affairs (LARA).
• Employee Relationship: Security guards are employees of the agency, not independent contractors.
• Service Provision: Offers security guard services to clients for a fee.
• Scope of Services: May include armed or unarmed guards, event security, patrol services, and more.

It’s important to note that a security guard agency is different from a private security police force. The latter is employed by a specific business organization to protect its own premises and may have arrest authority under certain conditions. There is no bond requirement for a private security police force.

The information provided above is for general informational purposes only and does not constitute legal advice.  Do not rely solely on the information presented here as a substitute for professional legal counsel.