How much does a contractor bond cost in Minnesota?
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.
Many Minnesota contractor bonds can be issued instantly without a credit check, while others are subject to underwriting consideration. The best way to find out exactly how much you’ll pay for your Minnesota surety bond is to submit a bond request now!
|Bond Type||Bond Amount||Cost*|
|$5,000 Brainerd Contractor Bond||$5,000||$100||Apply Now|
|$3,000 Water Conditioning Contractor Bond||$3,000||$100||Apply Now|
|$25,000 Technology System Contractor Bond||$25,000||Subject to Underwriting||Apply Now|
|Varies Subsurface Sewage Treatment Contractor Bond||Varies||$100||Apply Now|
|Varies Sign Contractor Bond||Varies||Subject to Underwriting||Apply Now|
|$15,000 Residential Roofer Contractor Bond||$15,000||Subject to Underwriting||Apply Now|
|$25,000 Plumbing Contractor Code Compliance Bond||$25,000||Subject to Underwriting||Apply Now|
|$10,000 Individual Sewage Treatment Contractor Bond||$10,000||Subject to Underwriting||Apply Now|
|$25,000 Electrical or Elevator Contractor Bond||$25,000||Subject to Underwriting||Apply Now|
|$5,000 St. Paul Sidewalk Contractor's Bond||$5,000||$100||Apply Now|
|$15,000 Minneapolis Sidewalk Contractor Bond||$15,000||$100||Apply Now|
|$10,000 Minneapolis Specialty Contractor Bond||$10,000||Subject to Underwriting||Apply Now|
|$10,000 Masonry Contractor Class A License Bond||$10,000||Subject to Underwriting||Apply Now|
|$25,000 Mechanical Bond||$25,000||Subject to Underwriting||Apply Now|
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 this bond?
Contractor bonds in Minnesota are put in place to ensure that principals (contractors) complete construction work in accordance with the laws of the city/state. This includes adhering to all building codes, paying all taxes that become due and more. Typically, 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 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.
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