Minnesota Contractor License | $5,000 Contractor License Surety Bond
Also known as: contractor license bond, contractor surety bond, contract surety bond
Type of Bond
A Minnesota contractor license bond is a bond required by the state of Minnesota of any contractor who applies to the state to become licensed as a contractor. The bond guarantees that the contractor will comply with all laws and regulations applicable to their business, pay all taxes owed, and protect their customers from any negligent or fraudulent conduct. The bond also serves as a form of financial protection for customers in cases where the contractor fails to fulfill their obligations.
Program
The price you'll pay for your $5,000 Contractor License Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of $5,000 Contractor License Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a $5,000 Contractor License Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Contractor License Bond Application process.
The Minnesota Contractor License Bond amount is currently set at $5,000.
Obligee Information
An obligee is the entity that is requiring you to have the Contractor License bond.
Obligee: Minnesota Department Of Labor & Industries
Street: 443 Lafayette Rd North
State: Minnesota
Zip: 55155
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!