Minnesota Contractor License Bonds

Contractor license bonds protect the public from financial harm resulting from violations of licensing law committed by the contractor and their employees.

The State of Minnesota requires contractors to obtain specific surety bonds correlating with their license type. We have compiled comprehensive guides on these bonds to assist insurance agents in obtaining Minnesota contractor license bonds for their customers. Below are all of the contractor licensing bonds required by the State of Minnesota:

• Mechanical Contractor 

  • Lowest Cost: $100 per year or $10 per month
  • Bond Amount: $25,000
  • Who Needs It: All mechanical contractors operating in the State of Minnesota

• Pipe Laying Contractor

  • Lowest Cost: $250 per year or $25 per month
  • Bond Amount: $25,000
  • Who Needs It: All individuals and business entities seeking to obtain a Pipe Laying Contractor registration in the State of Minnesota

• Plumbing Contractor

  • Lowest Cost: $100 per year or $10 per month
  • Bond Amount: $25,000
  • Who Needs It: All individuals and business entities seeking to obtain a Plumbing Contractor License in the State of Minnesota

• Residential Roofer

  • Lowest Cost: $100 per year or $10 per month
  • Bond Amount: $15,000
  • Who Needs It: All individuals and business entities seeking to obtain a Roofer License in the State of Minnesota

• Satellite System Contractor

  • Lowest Cost: $100 per year or $10 per month
  • Bond Amount: $25,000
  • Who Needs It: All individuals and business entities seeking to obtain a Satellite System Contractor License in the State of Minnesota

• Sign Contractor

  • Lowest Cost: $100 per year or $10 per month
  • Bond Amount: $8,000
  • Who Needs It: All sign contractors operating in the State of Minnesota

• Technology System Contractor

  • Lowest Cost: $250 per year or $25 per month
  • Bond Amount: $25,000
  • Who Needs It: All individuals and business entities seeking to obtain a Technology System Contractor License in the State of Minnesota

• Water Conditioning Contractor

  • Lowest Cost: $100 per year or $10 per month
  • Bond Amount: $3,000
  • Who Needs It: All individuals and business entities seeking to obtain a Water Conditioning Contractor License in the State of Minnesota

• Utility Permit Bond

  • Lowest Cost: 0.75% to 5% of the bond amount per year *Monthly subscription options available
  • Bond Amount: Determined by the DOT on a case-by-case basis
  • Who Needs It: All utility owners seeking to obtain a permit in the State of Minnesota

• SSTS Business License Bond

  • Lowest Cost: $250 per year or $25 per month
  • Bond Amount: $25,000
  • Who Needs It: All business entities applying for a Subsurface Sewage Treatment System (SSTS) Business License in the State of Minnesota

• Elevator Contractor

  • Lowest Cost: $250 per year or $25 per month
  • Bond Amount: $25,000
  • Who Needs It: All individuals and business entities seeking to obtain an Elevator Contractor License in the State of Minnesota

• Electrical Contractor

  • Lowest Cost: $250 per year or $25 per month
  • Bond Amount: $25,000
  • Who Needs It: All individuals and business entities seeking to obtain an Electrical Contractor License in the State of Minnesota

• High Pressure Piping

  • Lowest Cost: $150 per year or $15 per month
  • Bond Amount: $15,000
  • Who Needs It: All high pressure pipefitter (HPP) contractors in the State of Minnesota

• Electric Installer

  • Lowest Cost: $100 per year or $10 per month
  • Bond Amount: $1,000
  • Who Needs It: All individuals and business entities seeking to obtain a Class A or Class B Electric Installer License in the State of Minnesota

How Can an Insurance Agent Obtain a Surety Bond for Their Customer?

BondExchange makes obtaining a surety bond easy. Simply login to your account and use our keyword search to find the “contractor” bond in our database. Don’t have a login? Gain access now and let us help you satisfy your customers’ needs. Our friendly underwriting staff is available by phone (800) 438-1162, email or chat from 7:30 AM to 7:00 PM EST to assist you.

At BondExchange, our 40 years of experience, leading technology, and access to markets ensures that we have the knowledge and resources to provide your clients with fast and friendly service whether obtaining quotes or issuing bonds.

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What Other Insurance Products Can Agents Offer Contractors in Minnesota?

Minnesota requires contractors to purchase liability insurance. Additionally, contractor with employees must also purchase workers’ compensation insurance Bonds are our only business at BondExchange, so we do not issue any form of insurance, but our agents often utilize brokers for this specific line of business. A list of brokers in this space can be found here.