Popular Surety Bonds in Minnesota
Electrical Contractor Surety Bonds
You must post and maintain a $1,000 surety bond to work as an electrical inspector or installer. Electrical contractors must post a $25,000 bond.
Fur Dealer Bonds
To buy and sell raw furs in the state, you must post a $1,000 surety bond. This applies to corporations, individuals, and partnerships.
Collection Agency Surety Bond
Collections agencies in Minnesota must post and maintain a surety bond to become licensed and continue operating the business.
Minnesota Auctioneer Bond
You must post a $1,000 surety bond to work as an auctioneer. We can issue these bonds instantly online for $100.
Adoption Agency Bond
To provide adoption services in Minnesota, you must post a surety bond. The bond must remain active for the duration of your agency’s operating period.
ATM Bond
You must post a surety bond to work as an Automated Teller Machine (ATM) operator. The bond ensures you comply with state laws and regulations.
Find Your Minnesota Surety Bond
Don’t see the bond you need?
Give us a call at (888) 435-4191 or use our generic form to start your application online. We’ll reach out soon!
How much does a surety bond cost?
The cost of a bond can vary based on a few factors, including the type of bond, the amount required, your credit score, and finances. Your bond premium will be a small percentage of the total bond amount – typically 1-10%.
Generally, the stronger your credit score, the lower your rate will be. However, we do not need to run your credit in some cases. We can issue some bonds instantly at a flat rate.
How do I know which bond I need in MN?
Various businesses, contractors, and other professionals will need surety bonds to operate legally in Minnesota. Many professions that require state, county, or city licenses to work or practice will also require surety bonds.
Here are some examples:
- You may need various construction bonds to work as a contractor.
- You may need a license or permit bond to operate a professional business.
- Or you may need a court bond to fulfill your duties as a fiduciary,.
How to Get a Surety Bond in MN
We’ll help you find the bond you need, complete the application, and be off and running. Call us at (888) 435-4191 or email support@zipbonds.com. We also have Live Chat on our website during working hours. Reach out any time!
About ZipBonds.com
Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”
Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.