Minnesota Surety Bonds2019-07-17T19:03:56+00:00

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Minnesota Surety Bonds

Surety Bonds in Minnesota

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 Types

BondExchange 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 Bonds

The 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 Bonds

Minnesota 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 Bonds

A 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 Bonds

A 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 Bonds

A 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 Bonds

Several 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

Adoption Agency
Alcohol Manufacturer
Alcohol Wholesaler
Asphalt Recovery Facility
Blanket Private Career School Solicitor (Corporation)
Blanket Private Career School Solicitor (Individual)
Blanket Private Career School Solicitor (Partnership)
Bullion Coin Dealer (Corporation/LLC) ($25,000.00)
Bullion Coin Dealer (Corporation/LLC) ($50,000.00)
Bullion Coin Dealer (Corporation/LLC) ($100,000.00)
Bullion Coin Dealer (Corporation/LLC) ($150,000.00)
Bullion Coin Dealer (Corporation/LLC) ($200,000.00)
Bullion Coin Dealer (Individual Proprietorship) ($25,000.00)
Bullion Coin Dealer (Individual Proprietorship) ($50,000.00)
Bullion Coin Dealer (Individual Proprietorship) ($100,000.00)
Bullion Coin Dealer (Individual Proprietorship) ($150,000.00)
Bullion Coin Dealer (Individual Proprietorship) ($200,000.00)
Bullion Coin Dealer (Partnership) ($25,000.00)
Bullion Coin Dealer (Partnership) ($50,000.00)
Bullion Coin Dealer (Partnership) ($100,000.00)
Bullion Coin Dealer (Partnership) ($150,000.00)
Bullion Coin Dealer (Partnership) ($200,000.00)
Collection Agency (Corporation/LLC)
Collection Agency (Individual)
Collection Agency (Partnership)
Commercial Driver License (CDL) Third Party Tester ($5,000.00)
Commercial Driver Training School ($10,000.00)
Commercial Driver Training School ($20,000.00)
Commercial Driver Training School ($30,000.00)
Contract Electrical Inspector ($1,000.00)
Contractor High Pressure Piping ($15,000.00)
Cosmetology School – Corporation ($10,000.00)
Cosmetology School – Individual ($10,000.00)
Cosmetology School – Partnership ($10,000.00)
Credit Services Organization ($10,000.00)
Currency Exchange ($10,000.00)
Debt Management Services Provider
Driver Licensing Agent
Electrical Contractor ($25,000.00)
Electric Installer ($1,000.00)
Elevator Contractor or Limited Elevator Contractor ($25,000.00)
Fire Protection Spinkler System Contractor
Fleet Vehicle Registration Fee Installment Payment
Flight Training and/or Ground Training School ($5,000.00)
Franchisor
Gambling Manager ($10,000.00)
General Merchandise Storage (Public Warehouse)
Grain Buyer’s
Grain Storage
Health, Dating or Buying Club
Individual Private Career School Solicitor ($2,000.00)
International Fuel Tax Agreement (IFTA) and International Registration Plan (IRP)
Investment Adviser ($25,000.00)
Lottery Retailer
Manufactured Home Dealer ($20,000.00)
Manufactured Home Dealer Subagency ($20,000.00)
Manufactured Home Installer ($2,500.00)
Manufactured Home Limited Dealer ($5,000.00)
Mechanical ($25,000.00)
Medicaid DMEPOS Supplier ($50,000.00)
Medicaid DMEPOS Supplier ($100,000.00)
Money Transmitter
Motor Vehicle Dealer – Corporation ($50,000.00)
Motor Vehicle Dealer – Corporation ($5,000.00)
Motor Vehicle Dealer – Individual ($5,000.00)
Motor Vehicle Dealer – Individual ($50,000.00)
Motor Vehicle Dealer – LLC ($5,000.00)
Motor Vehicle Dealer – LLC ($50,000.00)
Motor Vehicle Dealer – Partnership ($5,000.00)
Motor Vehicle Dealer – Partnership ($50,000.00)
Movement of Vehicles of Excess Dimensions or Weight
Nursing Home – Resident Fund
Ownership and Security Interest (Lost Title)
Ownership of Electronic Financial Terminal ($5,000.00)
PCA Agency (Personal Care Assistance) ($50,000.00)
PCA Agency (Personal Care Assistance) ($100,000.00)
Petroleum Distributor
Pipe Laying ($25,000.00)
Plumbing Contractor ($25,000.00)
Private Career School Student Records – Corporation
Private Career School Student Records – Individual
Private Career School Student Records – Partnership
Private Detective or Investigator for Fee ($10,000.00)
Private School – Corporation
Private School – Individual
Private School – Partnership
Professional Fund-Raiser ($20,000.00)
Property Broker or Freight Forwarder BMC-84 (ICC Broker) ($75,000.00)
Protective Agent for Fee ($10,000.00)
Public Adjuster ($10,000.00)
Residential Mortgage Originator
Residential Mortgage Servicer
Residential Roofer ($15,000.00)
Resident or Non-Resident Fur Dealer (Corporation/LLC) ($1,000.00)
Resident or Non-Resident Fur Dealer (Individual) ($1,000.00)
Resident or Non-Resident Fur Dealer (Partnership) ($1,000.00)
Satellite System Contractor ($25,000.00)
Search Firm (Management Consultant, Management Search Consultant or Personnel Consulting Firm) ($10,000.00)
Self-Insurer of Workers Compensation
Sign Contractor ($8,000.00)
Subsurface Sewage Treatment Systems (SSTS) Business License ($25,000.00)
Technology System Contractor ($25,000.00)
Third Party Administrator
Timber Scaler
Utility Contractor (Continuing)
Utility Contractor (Individual Permit)
Viatical Settlement Provider
Water Conditioning Contractor ($3,000.00)
Water Well Contractor ($25,000.00)
Wholesale Produce Dealer

Any County Auctioneer ($1,000.00)
Any Union Wage and Welfare
Baxter – City License/Permit ($5,000.00)
Bloomington – City Erosion Control Performance
Bloomington – City Excavation Work in Public Rights-of-Way ($5,000.00)
Bloomington – City Gas
Bloomington – City General License
Bloomington – City Landscaping Performance
Brainerd – City Contractor ($5,000.00)
Brooklyn Center – City License/Permit ($2,000.00)
Brooklyn Park – City License/Permit
Burnsville – City General License
Champlin – City License/Permit
Columbia Heights – City License/Permit ($3,000.00)
Coon Rapids – City General License
Crystal – City License/Permit
Duluth – City Animal Shelter ($3,000.00)
Duluth – City Boarding Kennel ($3,000.00)
Duluth – City Dog or Cat Breeding Kennel ($3,000.00)
Duluth – City Garbage Collector ($1,000.00)
Duluth – City Grooming Shop ($3,000.00)
Duluth – City Nuisance Wildlife Removal Business ($3,000.00)
Duluth – City Pawnbroker and Precious Metals Dealer ($4,000.00)
Duluth – City Pet Shop ($3,000.00)
Duluth – City Precious Metals Dealer ($2,000.00)
Duluth – City Street Obstruction/Moving or Wrecking Performance ($20,000.00)
Duluth – City Street Obstruction and/or Excavation
Duluth – City Wrecker’s Performance (single location) ($10,000.00)
Eden Prairie – City General License
Edina – City Gas Fitter ($25,000.00)
Edina – City Manufactured Fireplace Installer ($25,000.00)
Edina – City Oil Burner Installer ($25,000.00)
Edina – City Refrigeration Installer ($25,000.00)
Edina – City Refuse Hauler
Edina – City Steam & Hot Water Installer ($25,000.00)
Edina – City Stoker Installer ($25,000.00)
Edina – City Street and Public Easement Excavation ($5,000.00)
Edina – City Warm Air Heating & Air Conditioning Installer ($25,000.00)
Elk River – City License/Permit
Fergus Falls – City License/Permit
Forest Lake – City License/Permit
Generic Obligee Concessionaire
Golden Valley – City Right of Way License & Permit ($5,000)
Hopkins – City License/Permit
Installation Made Easy Inc (IME) IME Affiliate
International Association of Heat and Frost Insulators and Asbestos Workers Local 34 Wage and Welfare ($30,000.00)
La Crescent – City Gas Installer ($1,000)
Lino Lakes – City License/Permit
Lumber Liquidators Inc Installation Provider
Maple Grove – City License/Permit
MEMO Financial Services, Inc dba MEMO MEMO Money Order
Mendota Heights – Village License
Minneapolis – City Building Contractor Class A ($10,000.00)
Minneapolis – City Gas Fitter ($10,000.00)
Minneapolis – City Heating, Air Conditioning & Ventilating (HVAC) Installer ($10,000.00)
Minneapolis – City Masonry Contractors Class A License
Minneapolis – City Residential Specialty Contractor ($10,000.00)
Minneapolis – City Right of Way
Minneapolis – City Sidewalk Contractor ($15,000.00)
Minneapolis – City Sign Hanger’s License ($8,000.00)
Minneapolis – City Trade Show Exhibitor
Minneapolis – City Wrecker of Buildings Class A ($50,000.00)
Minneapolis – City Wrecker of Buildings Class B ($10,000.00)
Minnetonka – City License or Permit: Holding 2 or more licenses ($4,000.00)
Minnetonka – City License or Permit: Holding one license ($2,000.00)
Minnetonka – City Plumbers ($2,000.00)
Minnetonka – City Swimming Pool Contractor ($10,000.00)
Moorhead – City Concrete/Sidewalk
Mower – County License/Permit
North Central States Regional Council of Carpenters Wage & Fringe Benefit
Pipestone – City Peddler
Richfield – City “On Sale” Intoxicating Liquor License ($10,000.00)
Richfield – City License/Permit
Rochester – City Concrete/Sidewalk
Rochester – City Sewer/Drain
St. Cloud – City General Contractor ($10,000.00)
St. Cloud – City HVAC/ Gas Piping
St. Louis Park – City Gas Installation License ($5,000.00)
St. Louis Park – City Heating License ($5,000.00)
St. Paul – City Building Contractors License
St. Paul – City Sidewalk Contractor ($5,000.00)
St. Paul – City Uniform License and Permit
Twin City Iron Workers Pension Fund Wage and Welfare
Wayzata – City Gas Installation ($5,000.00)
Wayzata – City Tree Removal and Treatment ($5,000.00)
White Bear Lake – City General License ($5,000.00)
White Bear – Township License/Permit ($10,000.00)
Winona – City General License: Right of Way Excavation ($10,000.00)
Winona – City General License: Sewer Connections ($10,000.00)
Winona – City General License: Sidewalks, Driveways, Curb & Gutter ($10,000.00)

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.

Instant Quotes from 30+ Surety Carriers

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