The Minnesota Brainerd - City Contractor Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The Minnesota City of Rochester Concrete/Sidewalk Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The Minnesota Contractor High Pressure Piping Bond starts at $172 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The Minnesota City of Coon Rapids Coon Rapids - City General License Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The Minnesota Electrical Installer Bond starts at $175 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The Minnesota Elevator Contractor or Limited Elevator Contractor Bond starts at $250 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The Minnesota City of Hermantown Excavating Contractor Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The Minnesota Minneapolis - City Gas Fitter Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The Minnesota Heating, Air Conditioning & Ventilating (HVAC) Installer Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The Minnesota Minneapolis - City Wrecker of Buildings Class B Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The Minnesota Minneapolis Oil Burner Installer Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The Minnesota Minneapolis Refrigeration Installer Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The Minnesota Minnetonka - City Swimming Pool Contractor Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The Minnesota Plumbing Contractor Bond starts at $219 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The Minnesota Satellite System Contractor Bond starts at $194 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The Minnesota State of Minnesota Electrical Contractor Bond starts at $250 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The Minnesota Technology System Contractor Bond starts at $250 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The Minnesota Water Conditioning Contractor Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The Minnesota Winona - City General License: Sidewalks, Driveways, Curb & Gutter Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!
Various cities, counties, and local authorities throughout the State of Minnesota require contractors to post surety bonds. Below are the required bond amounts for popular contractor bonds:
The surety company issuing the bond determines your premium rate, which is the percentage of the total bond amount you pay as the premium. During the application process, the surety company evaluates your personal credit, financial statements, industry experience, and licensing history.
EZ Surety can issue premiums for Minnesota contractor license bonds for as low as 1% of the total bond amount for applicants with standard credit. If your credit is below average, we can still offer a competitive rate for your contractors license bond.
Contractor license bonds hold licensed contractors accountable for the quality of their work and protect the public from damages they’ve incurred due to the contractor’s violation of licensing laws.
When the surety company issues the bond, they provide a financial guarantee to the local municipality that the contractor will comply with the regulations set forth in the contractor license. If the contractor violates these regulations, causing a loss to the consumer, the consumer can file a claim against the bond.
If the claim is valid, the surety company will cover the costs to repair the damage up to the amount of the bond. The contractor is then liable to reimburse the surety company for all damages paid.
To obtain your general contractor’s license in Minnesota you must meet the Minnesota Department of Labor and Industry licensing requirements by completing the following steps:
You’ll know if you need a surety bond because some entity will have required you to obtain one. They must also inform you of which specific bond type you’ll need. There are thousands of bonds across the country, all of which vary by state and industry.
Visit EZSuretyBonds.com to browse hundreds of bonds by state, type, or industry.
