Michigan Liquor | $1,000 Liquor Surety Bond

Also known as: liquor bond

Type of Bond

A liquor bond, also known as a liquor tax bond or alcohol bond, is a type of surety bond required for businesses involved in the production, distribution, or sale of alcoholic beverages. It serves as a financial guarantee that the bonded business will comply with the regulations and tax obligations related to the liquor industry. The purpose of a liquor bond is to protect the government and consumers from financial loss resulting from the improper handling or illegal activities related to the sale or distribution of alcohol. It ensures that businesses follow all applicable laws, including paying required taxes, adhering to licensing requirements, and maintaining compliance with alcohol control regulations. The bond is a contract among three parties: the liquor business (the principal), the government agency responsible for regulating alcohol sales (the obligee), and the surety bond provider (the surety). In the event that the bonded business fails to fulfill its legal obligations or commits violations, a claim can be filed against the bond. The surety bond provider will investigate the claim, and if it is found to be valid, the surety will compensate the affected parties up to the bond's stated amount. The specific requirements for liquor bonds can vary by state and local regulations. The bond amount is typically based on the anticipated sales volume or tax liability of the business. It is important for businesses in the liquor industry to understand and comply with the bond requirements in their jurisdiction to maintain their licenses and operate legally. Obtaining a liquor bond often involves working with a surety bond provider who specializes in this type of bond. The bond application process typically includes a financial review and underwriting assessment to determine the bond premium. The bond may need to be renewed annually or as required by the regulatory authority.


Program

The price you'll pay for your $1,000 Liquor Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!

We provide all types of $1,000 Liquor Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.


Application

The application process for a $1,000 Liquor Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Liquor Bond Application process.

The Michigan Liquor Bond amount is currently set at  $1,000.

Obligee Information

An obligee is the entity that is requiring you to have the Liquor bond.

For your convenience you can view a sample copy of the Michigan Liquor Bond Form.

Obligee: Michigan Liquor Control Commission (MLCC)
Street: 7150 Harris Drive
State: Michigan
Zip: 48909