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How much does a Minnesota contractor bond cost?
Various cities and contractor classifications in Minnesota require contractors to post surety bonds prior to completing work. Applicants should verify their required bond amount with the city and/or government entity in charge of licensing and registration for their classification prior to bonding.
All currently available Minnesota contractor bonds can be issued instantly without a credit check. Simply choose your bond in the dropdown above the the table below to purchase your bond today!
Purchasing your Minnesota contractor bond is easy when you work with the experts at SuretyBonds.com! Call 1 (800) 308-4358 or click here to get started.
Why do I need a contractor license bond?
Minnesota contractor license bonds ensure contractors complete work according to all applicable laws.. This typically includes adhering to building codes, paying taxes, and more. These bonds protect the city/state and/or any individual who is harmed as a result of the principal’s noncompliance from financial loss, up to the full amount of the bond. The principal must reimburse the surety for all damages paid out.
All Minnesota contractor license bonds have unique terms, so applicants should be sure they understand the fine print of their surety bond contracts during the bonding and licensing processes.
Need a surety bond for a construction project?
State-level contractor licensing requirements
The Minnesota Department of Labor and Industry enforces license and bond requirements at the state level, such as those for electricians, plumbers, or roofers. Each license has its own fees and insurance requirements. We recommend visiting the state website to ensure that you understand these requirements so your licensing process goes as smoothly as possible. You can find these sites linked in the “Additional Resources” section of this page.