Michigan Non Retail Liquor License | $10,000 Non Retail Liquor License Surety Bond

Also known as: non retail liquor license bond

Type of Bond

A non-retail liquor license bond, also known as a wholesale liquor license bond or distribution liquor license bond, is a type of surety bond required for businesses involved in the wholesale or distribution of alcoholic beverages. It serves as a financial guarantee that the licensee will comply with applicable laws, regulations, and licensing requirements related to the wholesale liquor business. The purpose of a non-retail liquor license bond is to protect the interests of the state, consumers, and other parties involved in the liquor industry. The bond ensures that the licensee operates within the legal framework, follows responsible business practices, and fulfills their financial obligations. The bond is a contractual agreement among three parties: the non-retail liquor licensee (the principal), the government agency or regulatory authority overseeing liquor licensing and distribution (the obligee), and the surety bond provider (the surety). If the bonded licensee violates any regulations, engages in unlawful activities, or fails to fulfill their obligations, 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 specified amount. The specific bond requirements for non-retail liquor licenses can vary by state or jurisdiction. The bond amount is typically determined by factors such as the projected sales volume or the financial responsibility of the licensee. Non-retail liquor licensees are generally required to obtain and maintain a bond as part of their licensing or registration process. To obtain a non-retail liquor license bond, the licensee typically works with a surety bond provider. The bond application process involves a financial review and underwriting assessment. Licensees may need to renew the bond periodically, often on an annual basis or as required by the regulatory authority. Understanding and complying with the specific bond requirements and regulations in their jurisdiction is crucial for non-retail liquor licensees to maintain their licensing status and operate legally. Consulting with legal and financial professionals can help ensure compliance and provide guidance on obtaining the necessary bond coverage.


Program

The price you'll pay for your $10,000 Non Retail Liquor License 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 $10,000 Non Retail Liquor License 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 $10,000 Non Retail Liquor License 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 Non Retail Liquor License Bond Application process.

The Michigan Non Retail Liquor License Bond amount is currently set at  $10,000.

Obligee Information

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

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

Obligee: Michigan Kiquor Control Commission (MLCC)
Street: Po Box 30005
State: Michigan
Zip: 48909