Who needs a contractor license bond in Minneapolis?
Contractors are required to obtain bonds in Minneapolis to complete the application process for various trades, including:
- Billboard erectors: $8,000 bond
- General contractors: Bond amount varies by project proposal
- HVAC Class B contractors: $10,000 bond
- Residential specialty contractors: $10,000 bond
- Sign hangers: $8,000 bond
- Sign painters: $10,000 bond
- Wrecker Class A contractors: $50,000 bond
- Wrecker Class B contractors: $10,000 bond
Descriptions of each contractor type and links to the license applications and bond forms are listed on the Minneapolis government website.
Need help getting started? Call ZipBonds at (888) 435-4191 to speak with one of our agents. You can also check out our page on contractor license bonds in Minnesota for statewide requirements.
Get Your Minneapolis Contractor License Bond:
How does a contractor license bond work?
A contractor license bond protects clients from damages resulting from deficient contractor work. The bond ensures that contractors meet all applicable regulations and codes of the obligee (the City of Minneapolis). If the contractor breaks their bond contract, clients can file a claim for compensation.
Frequently Asked Questions
You can typically avoid claims by working professionally and communicating effectively with clients. Strive to answer any client complaints quickly and to the client’s approval. Doing so can help you avoid a claim, saving valuable time and money.
Definitely – we don’t need to run your credit for this bond. We often issue these bonds quickly at a typical annual premium of just $100.
Apply for Your Contractor Bond in Minneapolis, MN
ZipBonds offers the fastest and most secure option for getting bonded. Our all-digital platform is intuitive and straightforward. Apply online, email email@example.com 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.