Minnesota technology system contractor bonds.
$125 flat.
Minnesota's $25,000 technology system contractor bond is filed with the Department of Labor and Industry as a condition of the low-voltage contractor license under Minn. Stat. 326B.46. Ours is $125 flat — set by our carrier's rate book for this bond, identical for every contractor. No credit check.
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How much does a Minnesota technology system contractor bond cost?
$125 at the $25,000 amount, the same for every applicant.
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 is the application. No credit check.
Pay & e-sign
Fixed-amount license bonds like this are among the thousands of bond types that issue right after purchase.
File with the Department of Labor and Industry
Your executed bond and power of attorney arrive by email, ready to file with your technology system contractor license application. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Minnesota licenses technology system contractors — the businesses that install low-voltage, power-limited, alarm, data, and signal systems — through the Department of Labor and Industry. The license is conditioned on a $25,000 surety bond under the contractor-bond provision at Minn. Stat. 326B.46, the same licensing-and-bond section that applies to electrical and related contractors.
The bond runs to the state for the benefit of any person who suffers loss because the contractor fails to comply with the licensing laws and the electrical/technology code. It is a three-party arrangement: you (the principal), the surety, and the State of Minnesota (the obligee).
A technology system contractor license also requires that you be, or employ, a licensed power limited technician (PLT). The bond is one piece of that license — if the surety pays a claim, you repay the surety; it is not insurance for you.
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 $25,000 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 Department of Labor and Industry. Your executed bond and power of attorney arrive by email, ready to file with your technology system contractor license application. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $125 at the $25,000 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 license checklist today.
$125 flat, no credit check, bond often issued in the same sitting. Free until issued.