Minneapolis building contractor bonds.
$100 flat.
This is our carrier's City of Minneapolis building contractor bond, still sold under the title of the City's older "Building Contractor Class A" form; the City no longer lists that license. The same code article now licenses Residential Specialty Contractors and conditions that license on a fixed $10,000 bond. Ours is $100 flat.
Trusted by industry leaders
How much does a Minneapolis building contractor bond cost?
$100 at the $10,000 amount, the same for every applicant.
Three steps to license-ready.
A Minneapolis building contractor bond is one of the simplest license bonds we write. Here's the whole process:
Apply online
Business details, owner information, and an effective date — that is the entire application. No financials, no credit check.
Pay & e-sign
Bonds like this are among the thousands of bond types that issue right after purchase.
File with the City
Your executed $10,000 bond arrives by email, ready to file with your City of Minneapolis license application or renewal — for single-trade residential work today, the Residential Specialty Contractor application. Wet-ink original mailed on request.
What it is and who needs it.
What the Minneapolis building contractor bond guarantees
The City of Minneapolis once licensed building contractors under Title 13, Chapter 277, Article XVIII of its Code of Ordinances — the article this bond form was written for. Ord. No. 2002-Or-066 retitled that article Residential Specialty Contractor (§§ 277.2940–277.3120): a City license for single-trade work on homes of four or fewer units, which § 277.3030 conditions on a $10,000 surety bond, approved as to form by the city attorney and filed with Business Licenses & Consumer Services. The City's current Trades License Application lists no Building Contractor license of any class; the only Class A/B split left in Chapter 277 is for building wreckers.
The bond is a compliance guarantee running to the City of Minneapolis and to the homeowners the licensee contracts with: the City's form binds the contractor to observe Chapter 277 and the City's other laws, to faithfully complete its contracts, and to refund advance payments, less the value of work actually done, if it defaults. If a licensee fails to comply, the City — or a harmed owner — can bring a claim against the bond.
It's a three-party arrangement — you (the principal), the surety carrier, and the City of Minneapolis (the obligee). It is not insurance for you: if the surety pays a claim, you repay the surety. The bond has to stay active for the life of your license, so we track it and send renewal notices ahead of expiration.
You need this bond if you're
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 $10,000 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; a longer term is the same price per year, chosen at checkout.
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 City. Your executed $10,000 bond arrives by email, ready to file with your City of Minneapolis license application or renewal — for single-trade residential work today, the Residential Specialty Contractor application. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $100 at the $10,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields. No credit check.
Start the application →Common questions.
Other Minnesota bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Get your Minneapolis building contractor bond today.
$100 flat, e-signed $10,000 bond, often issued in the same sitting. Free until issued.