Minnesota cosmetology school bonds.
From $100.
Minnesota requires every licensed cosmetology school to file a continuous surety bond with the Board of Cosmetologist Examiners — sized at 10% of last year’s gross tuition income, with a $10,000 floor. The premium is 1% of your bond amount, $100 minimum; no credit check up to $25,000.
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How much does a Minnesota cosmetology school bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard school bond — enter your amount, pay, and file with the Board. Here is the whole thing:
Apply online
Your school details, the bond amount your tuition figure requires, and the effective date — that is the application.
Issued on the spot
No credit check up to $25,000. Larger amounts may get a quick underwriting review.
File with the Board
Submit the executed bond with your school license application or renewal to the Board of Cosmetologist Examiners. Wet-ink originals mailed on request.
What it is and who needs it.
What the school bond actually covers
Minnesota licenses cosmetology schools through the Board of Cosmetologist Examiners, and conditions the license on a continuous corporate surety bond under Minn. Stat. 155A.30, subdivision 5. The bond is a student-and-public-protection guarantee: it backs the school’s obligations to the students who have paid tuition.
The amount is at least 10% of the school’s gross income from student tuition, fees, and other required institutional charges in the preceding year, and in no event less than $10,000. A new school computes the bond on its anticipated third-year gross income. Each school location needs its own bond — one bond cannot cover several schools.
The bond runs to the Board and to any person who may have a cause of action against the school. If the school fails to deliver what students paid for or otherwise violates Chapter 155A, a harmed student can recover against the bond — and if the surety pays, the school repays the surety.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the Board. Submit the executed bond with your school license application or renewal to the Board of Cosmetologist Examiners. Wet-ink originals mailed on request.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $25,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with your required bond amount — the executed school bond is generated instantly, ready to file with the Board.
Start the application →Common questions.
Other Minnesota bonds.
Price and requirements checked on the carrier’s application, . Page updated .
School bond, issued today.
Pricing from $100. Enter your required amount and file with the Board the same day.