Minneapolis building wrecker bonds.
$100 flat.
The City of Minneapolis requires a fixed $10,000 bond for a Class B building wrecker license — the license to tear down buildings up to three stories or 35 feet high and up to 10,000 square feet above grade. Ours is $100 flat — no credit check.
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How much does a Minneapolis building wrecker bond cost?
$100 at the $10,000 amount, the same for every applicant.
Three steps. One sitting.
A City license bond is the simplest thing in surety. Here is the entire process:
Apply online
Business details and an effective date. That is the application. No credit check.
Pay & e-sign
City license bonds like this are among the bond types that issue right after purchase.
File with the City of Minneapolis
Your executed bond arrives by email, ready to file with your Class B building wrecker license application. Wet-ink original mailed on request.
What it is and who needs it.
What the Class B wrecker bond guarantees
The City of Minneapolis licenses building wreckers in two classes. A Class A wrecker may tear down any building regardless of size or height, on a $50,000 bond; a Class B wrecker is limited to buildings no taller than three stories or 35 feet, and no larger than 10,000 square feet above grade, on a fixed $10,000 surety bond. The bond is a public-safety and compliance guarantee: it stands behind demolition work meeting the City’s wrecking-permit requirements and not endangering the public right-of-way, adjacent structures, or workers.
It is a three-party arrangement: you (the principal), the surety carrier, and the City of Minneapolis (the obligee). If a Class B wrecker demolishes outside its class limits, violates a wrecking permit condition, or leaves an unsafe site, the City can recover against the bond.
It is not insurance for you — if the surety pays the City, you repay the surety. Note that a license is not required at all to tear down a building of two stories or less, or a minor building of 1,000 square feet or less — the City’s Class B license applies above those thresholds and below the Class A cutoff.
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 $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 term is set on the carrier’s application; the premium covers the period shown there.
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 of Minneapolis. Your executed bond arrives by email, ready to file with your Class B building wrecker license 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 .
Finish your Minneapolis wrecking license checklist today.
$100 flat, no credit check, bond often issued in the same sitting. Free until issued.