MI security guard agency bonds.
$250 flat.

Michigan requires every private security guard agency to carry a $25,000 bond filed with LARA under MCL 338.1059(4). Ours is $250 flat — set by our carrier for this bond, identical for every agency. The bond issues the moment you pay — no credit review of any kind, not even a soft pull.

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Required for your MI security guard agency license — new applicants and renewals through LARA

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Fixed price, fixed amount — $25,000 bond, $250, no quote process

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Or a certificate of insurance — the bond is usually cheaper than tying up cash or carrying the policy limits

A-ratedA.M. Best carriersInstantunderwriting process1–3 yrterms available

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How it works

Three steps. One sitting.

License bonds are the simplest thing in surety. Here's the entire process:

NOW · ONLINE

Apply online

Business details and an effective date. That's the application — no financials, no credit section, no follow-up scavenger hunt.

MINUTES, USUALLY

Pay & e-sign

License bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.

SAME DAY

File with LARA

Your executed bond arrives by email, ready to file with your LARA security guard agency license application or renewal. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

Michigan licenses private security guard agencies through LARA under the Private Security Business and Security Alarm Act (MCL 338.1051 et seq.), and conditions the license on a $25,000 surety bond under MCL 338.1059(4). The bond is a public-protection guarantee that the agency operates according to Michigan's security laws and regulations.

It's a three-party arrangement: you (the principal), the surety carrier, and the State of Michigan together with anyone the agency harms (the protected parties). If an agency causes property damage or personal harm covered by the bond, the harmed party can recover against it.

The act lets an agency furnish a certificate of insurance instead — at $25,000 for property damage, $100,000 for injury or death of one person, and $200,000 for injuries to more than one person. Most agencies post the surety bond because it is cheaper than carrying those policy limits. It is not insurance for you: if the surety pays, you repay the surety.

MCL 338.1059(4) (LARA)The Private Security Business and Security Alarm Act (MCL 338.1051 et seq.) conditions a Michigan security guard agency license on a $25,000 surety bond — or an equivalent certificate of insurance ($25,000 property damage / $100,000 one person / $200,000 multiple persons) — filed with LARA under MCL 338.1059(4). The bond protects third parties against property damage or personal harm caused by the agency.

You need this bond if you're

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Applying for a MI security guard agency license — the bond is filed with your LARA application

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Renewing your agency license and your bond is expiring or your surety non-renewed

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Starting a guard company that contracts security officers to clients

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Choosing the bond over insurance to avoid carrying the statutory policy limits

One application, issued instantly.

These are the actual issuing fields — the application collects no credit information for this bond.

Start the application →

FAQ

Common questions.

How much is the Michigan security guard agency bond?The premium is $250, set by our carrier's rate book for this bond, the same for every agency. The $25,000 amount is set by statute, so there is no quote process.

Do I pay the $25,000?No. You pay $250. The $25,000 is the surety's maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.

Can I use insurance instead of the bond?Yes — the act accepts a certificate of insurance at $25,000 property damage, $100,000 for one person, and $200,000 for multiple persons. Most agencies post the $250 surety bond because it is cheaper than carrying those policy limits.

Is there a credit check?The application collects no credit information for this bond, and most applications approve instantly. If a check ever runs, it's a soft pull that won't affect your score.

When does it renew?The bond must stay active for as long as you hold the license. You can buy a 1, 2, or 3-year term; we send renewal notices 60 and 30 days out, with autopay available, so your license never lapses over a missed email.

Related bonds

Other Michigan bonds.

Finish your LARA license checklist today.

$250 flat, no credit review, bond often issued in the same sitting. Free until issued.

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Your price$250

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