Minneapolis contractor license bonds.
From $100.
Need the statewide answer? See all Minnesota contractor license bonds.
The City of Minneapolis conditions several of its contractor and wrecking licenses on a surety bond filed with the City. Pricing is 0.5% of the bond amount, $100 minimum — no credit check up to $500,000. Enter the amount Minneapolis set for your license type and your exact price appears in the application.
Trusted by industry leaders
How much does a Minneapolis contractor license bond cost?
0.5% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for a standard City contractor license bond — enter your amount, pay, and file with the City. Here is the whole thing:
Apply online
Your business details, the bond amount the City of Minneapolis set, and the effective date — that is the application.
Issued on the spot
No credit check up to $500,000. Above that, the carrier may run a soft pull, which never affects your score.
File with your Minneapolis license
Submit the executed bond with your contractor / wrecking license application to the City of Minneapolis. Wet-ink originals mailed on request.
What it is and who needs it.
What the Minneapolis contractor bond covers
The City of Minneapolis licenses a range of contractors and wreckers, and conditions those licenses on a surety bond. The bond is a license and compliance guarantee: it stands behind your work following the City’s building and licensing code and your protecting the public right-of-way during the job.
It is a three-party arrangement: you (the principal), the surety carrier, and the City of Minneapolis (the obligee). If a contractor violates the City code, damages public property, or fails to restore the right-of-way, the City can recover against the bond.
It is not insurance for you — if the surety pays the City, you repay the surety. Contractors who build to code and clean up treat the bond as a routine license formality.
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 your Minneapolis license. Submit the executed bond with your contractor / wrecking license application to the City of Minneapolis. Wet-ink originals mailed on request.
What sets the price
The premium is 0.5% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $500,000. 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 the bond amount the City of Minneapolis set — the executed bond is generated instantly, ready to file with your license.
Start the application →Common questions.
Other Minnesota bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Minneapolis contractor bond, issued today.
Pricing from $100. Enter the amount the City set and file with your license the same day.