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Most Popular Bonds in Minnesota
- Business Service Bond
Those who work in clients' homes or businesses purchase these bonds to protect against theft
- Certificate of Title Bond
Required for vehicles missing titles for registration
- Contractor License Bond
Required for individuals licensed as contractors with the state or in certain cities
- Health Care Program Bond
Required if you operate a health care program that provides personal care assistance
- Investment Adviser Bond
Required for individuals who collect a fee to investigate crimes, personal habits, professional conduct, etc.
- Liquor Manufacturer or Wholesaler Bond
Required for individuals licensed to manufacture or wholesale intoxicating liquor or 3.2 percent malt liquor
- Motor Vehicle Dealer Bond
Required for individuals who sell more than 5 vehicles in a 12-month period
- Public Adjuster Bond
Required for individuals who maintain a public adjuster license with the state
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Minnesota Surety Bond Costs
“How much will my surety bond cost?” is the most common question our clients ask. Although several factors impact your exact surety bond cost, the primary factor is risk. “High risk” means there’s an increased chance that a claim will be made against a bond; these bonds typically require underwriting consideration. Low-risk bonds, on the other hand, can often be issued instantly for a set price.
$10,000 Minnesota public adjuster bonds, for example, are issued instantly at $100 for a 1-year term. DMEPOS (Medicare) bonds, though also issued for Minnesota, require a review of the applicant’s credit history and bond amount. This bond can cost as little as $250, depending on the applicant’s credentials.
Consulting a surety professional is the best way to determine your exact surety bond cost in Minnesota. You can request your free quote online, or you can call 1 (800) 308-4358 to speak with an experienced bond specialist. SuretyBonds.com works with you to provide the lowest available rate, no matter your circumstances.
Determining Your Minnesota Bond Type
With thousands of unique surety bond forms available nationwide, we know that determining the exact one you need can be confusing. Minnesota has a variety of surety bond requirements, and it’s important to provide the right bond to earn licensure or protect a title on a vehicle, for example.
Contacting the obligee — the entity requiring the bond — is the best way to ensure you’re obtaining the correct bond. The department, office, or board requiring the bond can connect you with the bond form needed, as well as your required bond amount. These two pieces of information can speed up the bonding process when you work with SuretyBonds.com and guarantee you’re getting the bond you need at the best price available.
The SuretyBonds.com Advantage
Our mission is to provide every client with fast, easy, and accurate service while offering the best available rate. We achieve this by maintaining relationships with the nation’s leading surety underwriters, which ensures our clients have access to the lowest premiums. Over the years, we’ve also perfected our proprietary bonding system, which allows us to provide clients with unparalleled turnaround times.
Minnesota License Information
SuretyBonds.com is legally licensed to issue bonds in Minnesota.
Agency License # 40173906
Agent Producer License # 40226787