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Minnesota
Barber School Bond

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Coverage Amount: $25,000 - $100,000
Term Length: 1 year
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Minnesota Barber School Bond Guide

If you’re opening a barbering school in Minnesota, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To guarantee barber schools follow licensing rules and protect tuition-payers
  • Who Needs It: Barbering school owners 
  • Regulating Body: The Minnesota Barber Examiners Board
  • Required Coverage: $25,000–$100,000
  • Premium Rate: 1–10%, credit-based

Learn all about the bond requirements and process in this guide.

What Is a Minnesota Barber School Bond?

A Minnesota barbering school bond guarantees that schools fulfill their regulatory obligations and protect prepaid tuition funds if a school goes out of business.

How Much Do Barber School Bonds Cost in Minnesota?

$25,000 Minnesota barbering school bonds typically cost $250–$500. However, exact rates vary based on personal credit score and the required bond amount. Apply for your free quote now!

Bond Type
$25,000-$100,000Barber School Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

Who Needs a Barber School Bond? 

The Minnesota Barber Examiners Board requires this bond as part of the licensing process for barbering school owners in the state.  

$25,000 is the minimum bond amount for new schools. The Board may require a larger amount per its discretion. 

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a Minnesota barbering school bond. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll email you the bond shortly after purchase. Be sure to file the bond with the Minnesota Barber Examiners Board as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a Minnesota Barber School Bond Work? 

As with all surety bonds, a barbering school bond creates a legal contract between three parties: 

  1. Principal: You, the barbering school owner(s) filing the bond
  2. Obligee: The Minnesota Barber Examiners Board requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of Minnesota Statute 154 and Minnesota Rule 2100. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your barbering school bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

More Resources

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