Eden Prairie, Minnesota Contractor License Bonds
Who needs a contractor license bond in Eden Prairie, MN?
The City of Eden Prairie doesn’t license or regulate businesses. The city government directs those seeking state or county licenses to the Minnesota Small Business Assistance Office at 651-556-8425. However, any contractor disturbing or altering at least 100 cubic yards of land must obtain a Land Alteration Permit. This includes the following activities:
- Clearing and grinding of tree stumps
To be approved for this permit, contractors must submit a city-approved bond, letter of credit, or cash deposit in the amount of 125% of the estimated cost of site grading. If you post a bond, you’ll pay a small percentage of the required bond amount – called a premium. ZipBonds can often issue many contractor bonds quickly for as low as $100.
Have questions? Call ZipBonds at (888) 435-4191 for help with the details. You can also visit our page on contractor license bonds in Minnesota for statewide information.
Get Your Eden Prairie Contractor License Bond:
How does a contractor license bond work?
When obtaining this bond, the principal (contractor) enters into an agreement with the obligee (City of Eden Prairie) and the surety company. A contractor license bond guarantees the bonded contractor complies with applicable licensing and permit laws. If they don’t, any parties that suffer as a result can file a claim against the bond for compensation. The surety company may initially cover any damages incurred, but the principal must later repay them in full.
Frequently Asked Questions
You can avoid claims by working professionally and communicating effectively with clients. Additionally, you should answer any client complaints immediately and to the client’s satisfaction. Many claims begin as complaints and can be avoided by resolving issues as they arise.
Yes! We don’t have to check your credit for this bond. These bonds are quickly issued and typically cost only $100. Get bonded today by filling out the form below or calling ZipBonds directly.
Apply for Your Contractor Bond in Eden Prairie, MN
ZipBonds offers the fastest and most secure option for getting bonded. Our all-digital platform is intuitive and straightforward. Apply online, email firstname.lastname@example.org or call 888.435.4191 to speak with an agent directly.
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.