MI reimbursing employer bonds.
Flat 3%. Soft pull.
When a Michigan nonprofit elects to be a reimbursing employer for unemployment, the Unemployment Insurance Agency can require a surety bond to secure the benefit costs it will repay dollar-for-dollar. We write it at a flat 3% — one soft credit pull, never affecting your score.
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Three steps to secured.
Your reimbursing election is waiting on this security. Here's the entire process:
Apply once, online
Your organization details, the security amount the UIA set, and the effective date. The only extra step is a one-time consent to a soft credit pull.
Reviewed & approved
Most clear quickly; if underwriting needs anything, you hear from an underwriter within 48 hours. The credit check is a soft pull that never affects your score.
File with the UIA
Pay online and receive the executed bond ready to file with the Unemployment Insurance Agency to secure your reimbursing election. Wet-ink originals mailed on request.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. Enter the figure on your UIA notice and the premium updates.
What it is and who needs it.
What the reimbursing bond actually covers
Most employers pay unemployment contributions (a tax) into the state fund. A nonprofit can instead elect to be a reimbursing employer — paying the UIA back dollar-for-dollar for benefits actually charged to its account, rather than paying tax up front.
Because the state is carrying that risk, §13a of the Michigan Employment Security Act (MCL 421.13a) requires a reimbursing nonprofit that has, or expects to have, gross payroll over $100,000 in a calendar year to provide a surety bond, irrevocable letter of credit, or other security approved by the UIA, in an amount the agency determines.
The bond secures the benefit reimbursements you owe. If the surety pays the UIA because you do not, you repay the surety — it is a guarantee to the state, not insurance for your organization. Enter the amount the UIA set and we issue at a flat 3% with one soft credit pull.
You need this bond if you are
Five minutes. The whole thing.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is typically issued within 1–2 business days.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
Why does the UIA require this bond? +
How much is it? +
Is there a credit check? +
Can I use a letter of credit instead? +
When does it renew? +
Other New York bonds.
Reimbursing employer bond, secured today.
Five-minute application, flat 3%, soft pull only. Enter the amount the UIA set and file in 1–2 business days.