MN elevator contractor bonds.
$750. Five minutes.
Minnesota conditions every elevator contractor and limited elevator contractor license on a fixed $25,000 bond filed with the Department of Labor and Industry — ours is $750 flat, which is 3% of the bond amount. The application is five minutes.
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Three steps. One sitting.
License bonds are the simplest thing in surety. Here’s the entire process:
Apply online
Business details and an effective date. That’s the application — no financials, no credit check section.
Pay & e-sign
License bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
File with DLI
Your executed bond arrives by email, ready to file with your Department of Labor and Industry license application or renewal. Wet-ink original mailed on request.
The whole pricing page.
$25,000 bond × 3% = $750, one-time per term. Fixed amount, fixed price, multi-year if you want it.
What it is and who needs it.
What the bond actually guarantees
Minnesota licenses elevator contractors and limited elevator contractors through the Department of Labor and Industry, and conditions the license on a $25,000 bond under Minn. Stat. 326B.164, subdivision 7. The bond is conditioned on the faithful and lawful performance of all elevator work the contractor performs in Minnesota.
It is a three-party arrangement: you (the principal), the surety carrier, and the State of Minnesota (the obligee), with anyone harmed by your work as the protected party. The bond is for the benefit of persons injured or suffering financial loss by reason of a failure of performance, and it must be written by a corporate surety licensed in the state.
It is not insurance for you — if the surety pays a claim, you repay the surety. The same $25,000 applies whether you hold the full elevator contractor license or the limited license.
You need this bond if you are
Five minutes. The whole thing.
These are the actual issuing fields — no credit check section, because this bond doesn’t have one.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
How much is the Minnesota elevator contractor bond? +
Does the limited elevator contractor license need the same bond? +
Do I pay the $25,000? +
Is there a credit check? +
How fast will I have the bond? +
Other New York bonds.
Finish your license checklist today.
$750 flat, five-minute application, bond often issued in the same sitting. Free until issued.