Minnesota Surety Bond Broker
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Minnesota Surety Bonds
There are in excess of 434,000 businesses that call The North Star State home, and many of these businesses require surety bonds in order to obtain or renew occupational licenses, bid on public sector contracting jobs, pull permits, and provide legislated protections to their customers. There are 110 types of bonds that Minnesota state agencies require of businesses operating within its borders, while local municipalities require another 90 bond types.
BondExchange features hundreds of Minnesota agents from every corner of the state from Minneapolis to Mankato, all of which use our network to find surety bonds for their clients.
With access to more than 30 different markets, we offer all 200 different surety bond types required in Minnesota. Our staff provides expert advice using plain English to help every type of agent with any surety bond they might need.
Popular Minnesota Surety Bond TypesBondExchange provides a single point of entry for agents to access all Minnesota surety bonds. Agents use our platform to find the correct bond for their clients, receive instant online quotes, and complete their purchase online in just a few easy steps! Here are some of the most common Minnesota surety bonds.
Bullion Coin Dealer BondsThe State of Minnesota Department of Commerce requires that bullion coin dealers purchase a surety bond before they can begin operations. These bonds range in size from $25,000 to $200,000.
Financial Services BondsMinnesota financial service providers are often required to purchase surety bonds to protect the public from fraud or misconduct. For example, collection agencies, residential mortgage servicers, and and residential mortgage originators must file surety bonds with the state of Minnesota before offering their services to clients.
Contractor BondsA number of contractor businesses are required to purchase surety bonds before providing services to Minnesota residents. This includes electrical inspectors, high-pressure piping contractors, residential roofers, and utility contractors.
Vocational School BondsA number of private and vocational schools operating within the state of Minnesota are required to purchase surety bonds before collecting tuition from students. Commercial driver training schools, flight and ground training schools, cosmetology schools, and private career schools and their solicitors all require bonds of $5,000 to $30,000 prior to opening their doors.
Miscellaneous Business BondsA number of unrelated businesses also require surety bond coverage in Minnesota. They include private detectives or investigators, timber scalers, health club operators, and wholesale produce dealers.
Local City/County BondsSeveral Minnesota cities or counties have bond requirements for local companies. An example of this is the city of Duluth requiring businesses involved with pet care, such as animal shelters, kennels, pet shops, and grooming service providers, to be bonded before operating within city limits.
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If you’re an agent currently working in Minnesota, sign up with BondExchange to gain access to all of our Minnesota surety bonds. If you want a complete list of all the surety bonds covered in Minnesota, expand the box below.
|State Bonds||Municipal Bonds|
Any County Auctioneer ($1,000.00)
Why Partner with BondExchange as Your Minnesota Surety Bond Broker?
BondExchange is your best source for the Minnesota surety bonds your clients need to run their business. Our one-of-a-kind online bond platform makes it easier than ever for you to access thousands of surety bond types, receive quotes instantly, and send those quotes to your clients.
Making the Bonding Process Simple and Straightforward
Because most insurance agents are unfamiliar with surety bonds, we created a simple and straightforward process to make surety bonds easy for agents and their customers.. Our step-by-step online application provides expert guidance without overlooking even the smallest detail. Our platform guides agents to ask the right questions, collect the right information and find the right surety bond for their clients.
Providing Tailored, Expert Service for Every Agent
BondExchange is designed exclusively for insurance agents. We reinforce your agency name and brand while providing technology that agents can leverage to look like a surety bond pro to their customers. With more than 40 years of experience working with insurance agents, we understand the challenges agents face and provide expert advice so they can reinforce their value to customers.
Single Entry-Point Solution Keeps Processes Simple
BondExchange, as a single source for surety bonds for Minnesota agents, provides access to hundreds of different types of bonds and rates from more than 30 different carriers. Our platform saves you valuable time by shopping the entire market for you with one online application, ensuring profitability and presenting you as an experienced and knowledgeable surety bond professional to your clients.