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How much does the Minnesota electrical contractor surety bond cost?
The Minnesota electrical contractor license bond costs $219 for the state-required 2-year term. Your $219 premium will cover 2 years of coverage as required by the state.
How do you get an electrical contractor bond in Minnesota?
You can purchase your Minnesota electrical contractor bond online 24/7. You'll need to provide your business name, address, and phone number for Minnesota Department of Labor and Industry filing approval. Once your payment has been processed, your official electrical contractor surety bond will be emailed to you instantly.
How fast can you get an electrical contractor bond?
SuretyBonds.com offers instant emailed Minnesota electrical contractor surety bond delivery 24/7. Purchase now to receive your official electrical license bond delivered in minutes by email.
What is the purpose of the Minnesota electrical contractor bond?
Minnesota Statutes Section 326B.33 Subdivision 15 requires electrical contractors file a $25,000 surety bond for state licensing. State form CC0516 is officially titled the “Electrical Contractor Surety Bond” and requires you to comply with all laws, ordinances, and rules for your electrical work license (as found in the Minnesota Rules Chapter 1315 Electrical Code) and faithfully perform any permit applied for or contract entered into. If you fail to do so, your issuing surety company will pay valid claims to harmed individuals up to your full $25,000 bond amount, which you must reimburse.
Who issues electrician licenses in Minnesota?
The Minnesota Department of Labor and Industry issues electrical contractor licenses for the state and enforces licensing requirements, including the $25,000 required bond amount. You can contact the DLI by calling 1(651)284-5034 or by emailing [email protected].
The Minnesota Department of Labor and Industry requires this bond for state electrical contractor licensing. The DOL enforces a separate Minnesota mechanical contractor bond requirement for mechanical contractor licensing. If you work as a contractor in other areas, we also offer other Minnesota contractor license bond types across the state.
How do Minnesota electrical contractors file your bond?
Once you've purchased and received your official Minnesota electrical contractor license bond, you'll digitally upload it into the IMS Licensing System as part of your contractor license application, where it will be subject to state filing approval.
How do I update or change my electrical contractor bond form?
If the Minnesota Department of Labor and Industry requires your surety bond documentation to be updated for any reason, contact your surety provider. If you purchased your bond from SuretyBonds.com, email [email protected] to explain the needed change. The most commonly requested changes include updating your business's name or address to match your existing electrical license or new licensed contractor application.
How do you renew your Minnesota electrical contractor bond?
You must renew your Minnesota electrical contractor license bond before its current 2-year term expires. Once you pay your SuretyBonds.com renewal invoice, instructions will be provided to keep your bond active for your next 2-year state license term.
How do electrical contractors apply for a license in Minnesota?
Any business or individual contracting to perform electrical work in Minnesota must have an electrical contractor license. You'll need to complete the following steps to apply for your Minnesota electrical contractor license.
- Identify a licensed master electrician who will serve as the responsible licensed individual.
- Submit proof of your business's public liability insurance and workers' compensation insurance.
- Purchase and file your $25,000 electrical contractor surety bond.
- Disclose your business's owners, partners, officers, and members using this DLI-approved form.
- Submit your application forms and pay the $128 application fee.
You can file your application forms digitally with the Department of Labor and Industry IMS License Management System.
What can contractors do to avoid claims against the Minnesota electrical contractor bond?
You can avoid claims filed against your bond by complying with state laws when working as an electrical contractor. You must comply with the Minnesota Electrical Code. Licensed contractor responsibilities include, but are not limited to, the following.
- Obtaining electrical permits before beginning work
- Supervising unlicensed employees
- Communicating with DLI staff
Remember, if a valid claim is filed against your surety bond, you must reimburse your surety company for any surety company payments made to harmed individuals.