Types of Surety Bonds in Minnesota
To get a Minnesota surety bond, you will need to choose from one of the following three major bond types:
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Commercial bonds are necessary to apply for a business license in the state - such as an auto dealer or mortgage broker license.
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Contract bonds must be obtained when a contractor wants to bid or perform on a construction project.
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Court bonds are requested by courts and are used in cases in which an individual wants to appeal a judgment or is appointed as a fiduciary.
Do you know what kind of bond you need to get? Simply search for your bond in the table below, complete the brief application form and request your free quote.!
Find Your Minnesota Surety Bond
| Freight Broker Bond (BMC-84) | N/A | FMCSA | Apply Now |
| General license & permit bond (not listed) | N/A | N/A | Apply Now |
| Agricultural (Non-Livestock) Bond | Agricultural (Non-Livestock) Bond | Minnesota Dept of Agriculture | Apply Now |
| Contractor License (No P&P Language) Bond | Mechanical License Bond | Minnesota Department of Labor and Industry | Apply Now |
| Contractor License Performance & Payment (Local) Bond | General Contracting License Bond | City of Circle Pines | Apply Now |
| Contractor License Performance & Payment (State) Bond | Electrical Contractor Bond | Dept of Labor and Industry | Apply Now |
| Contractor License Performance & Payment (State) Bond | Sign Contractor | Dept of Labor and Industry | Apply Now |
| Contractor License Performance & Payment (State) Bond | Mechanical $25K | Dept of Labor and Industry | Apply Now |
| Contractor License Performance & Payment (State) Bond | Technology System Contractor Bond | Minnesota Department of Labor and Industry | Apply Now |
| Contractor License Performance & Payment (State) Bond | Non-Minnesota Contractor's Bond | State of Minnesota | Apply Now |
| Investment Advisor (Blue Sky) Bond | Investment Advisor | State Of Minnesota | Apply Now |
| Collection Agency Bond | Collection Agency (Corp/LLC) | Commissioner,Dept of Commerce | Apply Now |
| Collection Agency Bond | Collection Agency (Partnership) | Commissioner,Dept of Commerce | Apply Now |
| Collection Agency Bond | Collection Agency (Sole Prop.) | Commissioner,Dept of Commerce | Apply Now |
| Debt Consolidators Bond | Credit Service Organization | Dept of Commerce - Div of Financial Institutions | Apply Now |
| Professional Fund Raisers Bond | Professional Fund Raisers Bond | Office of the Attorney General | Apply Now |
| Insurance Adjusters Bond | Public Adjuster Surety Bond | Department of Commerce | Apply Now |
| Mortgage Broker (1st & 2nd Mortgages) Bond | Residential Mortgage Originator | Dept of Commerce | Apply Now |
| Mortgage Broker (1st & 2nd Mortgages) Bond | Residential Mortgage Servicer | Dept of Commerce, Division of Financial Examinatio | Apply Now |
| Mortgage Lender/Banker (1st & 2nd Mort.) Bond | Mortgage Lender | Dept of Commerce | Apply Now |
| Defective Title Bond | Ownership and Security Intrest Bond | MN Dept of Public Safety, Motor Vehicles | Apply Now |
| Auto & Mobile Home Dealers (New & Used) Bond | Motor Vehicle Dealer | Department of Public Safety - Driver and Vehicle S | Apply Now |
| Auto & Mobile Home Dealers (New & Used) Bond | Manufactured Home Dealer | Minnesota Department of Labor and Industry | Apply Now |
| Auto & Mobile Home Dealers (Used Only, No New) Bond | Motor Vehicle Dealer | Department of Public Safety - Driver and Vehicle S | Apply Now |
| Sport Permits Bond | Promoters Bond | MN Office of Combative Sports | Apply Now |
| Health Spas/Health Clubs Bond | Health, Dating or Buying Club | State of Minnesota | Apply Now |
| Auctioneers (Other than Livestock) Bond | Auctioneers (Other than Livestock) Bond | Hennepin County | Apply Now |
| Auctioneers (Other than Livestock) Bond | Auctioneers Bond (Dakota County, MN) | Dakota County | Apply Now |
| Detectives Bond | Protective Agent for Fee Bond | State of Minnesota | Apply Now |
| Detectives Bond | Private Detective or Investigator For Free Bond | State of Minnesota | Apply Now |
| Retail Stores & Service Shops | (City of Anoka, MN) Liquor License Type Bond | City of Anoka, MN | Apply Now |
| Medicare & Medicaid (Home Agencies, State) Bond | PCA Agency Bond | Dept of Human Services | Apply Now |
| Medicare & Medicaid (Durable Equip, State) Bond | DMEPOS Bond | MN Dept of Human Services | Apply Now |
| Professional Licenses (All Other) Bond | Professional Licenses (All Other) | Department of Human Services, State of Minnesota | Apply Now |
| Professional Licenses (All Other) Bond | Dept. of Commerce Currency Exchange | MN Department of Commerce | Apply Now |
| Professional Licenses (All Other) Bond | Fire Protection Bond | State Fire Marshall Division | Apply Now |
| Professional Licenses (All Other) Bond | Bullion Coin Dealer Bond (Corporation/LLC) | State of Minnesota | Apply Now |
| Professional Licenses (All Other) Bond | Franchisor Bond | State Of Minnesota | Apply Now |
| Professional Licenses (All Other) Bond | Interpreter Agency Bond (U Care Minnesota) | Commissioner of Human Services | Apply Now |
| Professional Licenses (All Other) Bond | Service Contract Provider Bond | Minnesota Department of Commerce | Apply Now |
| Professional Licenses (All Other) Bond | Wrecker of Buildings License Bond (Class B) | Licenses and Consumer Services | Apply Now |
| Schools (All) Bond | MINNESOTA DEPARTMENT OF TRANSPORTATION | Department of Transportation | Apply Now |
| Schools (All) Bond | Private School Bond | Minnesota Office of Higher Education | Apply Now |
| Schools (All) Bond | Commercial Driver Training School Bond | MN Driver and Vehicle Services | Apply Now |
| Alcohol (Manufacturers, Warehouses, Wholesalers) Bond | Alochol & Gambling Enforcement direcor Manufactors | Department of Public Safety Alcohol and Gambling E | Apply Now |
| Fuel Tax (All Others, Sellers & Users) Bond | International Fuel Tax Agreement and International | MN Dept of Public Safety | Apply Now |
| Utility Deposit Bond | Anoka Municipal Utility Bond | anoka municipal utility (AMU) | Apply Now |
| Auctioneer's (Net Proceeds Meet Amount) Bond | (Hennepin County, MN) Auctioneer Bond | Hennepin County | Apply Now |
| Wages & Fringe Benefits Bond | Fringe Benefit Bond (MCTCA) | MN & ND Bricklayers and Allied Craftworkers | Apply Now |
| Lottery Bond | Lottery Bond | Minnesota State Lottery | Apply Now |
| Money Transmitter Bond | Money Transmitter | STATE OF MINNESOTA DEPARTMENT OF COMMERCE CURRENCY | Apply Now |
Do you need any additional information about getting a Minnesota surety bond? Call our bond experts at (877)-514-5146!
Questions about Surety Bonds in Minnesota
To get a surety bond in Minnesota, you simply need to follow the three brief steps below.
Apply For Your Bond
Your first step is to complete the brief online application with which you request a free quote on your bond. As part of the process, you will need to provide us with basic information such as the type of bond you need, its amount, as well as contact information.
Get a Bond Rate
Once we receive your application, we begin processing it and looking for the best possible rates at which you can get bonded. Within a short amount of time, we will be in touch with you to provide you with your quote. Getting a quote is entirely free and with no obligations attached.
Buy Your Bond
To complete the bonding process, you only need to pay your bond premium. We will then provide you with your bond via email but can also issue it on paper if you need it.
Is this your first time getting bonded? See our How to Get Bonded guide for a detailed explanation about how bonds work and why you need one.
Do you have any questions about how a bond’s cost is determined? Our detailed How Much Does a Surety Bond Cost? guide contains all the necessary information about bond rates and what influences them!
Can I Get a Minnesota Surety Bond With Bad Credit?
Yes, even if you have bad credit, you can still get bonded in Minnesota. Lance Surety Bonds bad credit surety bonds program enables us to get 99% of our applicants bonded.
We only work with A-rated and T-listed bonding companies, which means that your Minnesota surety bond will always be issued by the strongest providers. Our partnerships ensure you’re getting the same strong backing, and the same guarantee that your bond will be accepted by obligees, no matter your credit score.
Bad credit surety bond premiums are slightly higher than the standard market rate. They usually vary between 5% and 15% of the total bond amount. Our agents can give you some tips on how to reduce your premium despite your bad credit.
Most Popular Surety Bonds in Minnesota
A $50,000 bond is required by all licensed auto dealers in Minnesota. It protects the State and consumers from losses caused by a dealer’s failure to meet the obligations imposed by state laws.
Minnesota’s Department of Commerce requires credit services organizations to get a $10,000 bond. The bond is for the benefit of any person suffering damages by reason of the Principal’s failure to comply with Minnesota Statutes, Sections 332.52 to 332.58.
There are statewide as well as local bonding requirements for contractors in Minnesota. The bond makes sure contractors run their business in compliance with local, state, and federal laws.
To operate as a mortgage broker in Minnesota, you need to get bonded. These bonds range between $100,000 and $200,000, depending on the volume of closed loans.
Collection agencies in Minnesota must post an initial bond in the amount of $50,000. On top of that, for every $100,000 collected, an additional $5,000 is added to the bond amount.
To operate as an auctioneer in Minnesota, you must post a bond in an amount between $1,000 and $3,000. This bond is required on the state level but is enforced on the county level.
Тhe Department of Commerce requires investment advisers operating in Minnesota to post a $25,000 bond. It ensures compliance with the Minnesota Securities Act.
Minnesota requires private investigators to obtain a $10,000 bond as part of their licensing process. It makes sure private investigators operate in compliance with Minnesota Statutes §326.32 to §326.339.
Additional Resources
Want to become licensed and bonded in Minnesota? See our detailed licensing guides to learn how to apply for a license:
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