Minnesota - Electrical Contractor
Flat Rate & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $25,000 | 1 Year | $125 |
Electrical contractors in Minnesota must meet applicable state licensing and bonding requirements. The State of Minnesota requires the $25,000 electrical contractor bond to help ensure contractors comply with applicable electrical statutes, licensing requirements, and safety standards while performing electrical work.
Cost of the Minnesota Electrical Contractor Bond
The cost of the $25,000 Minnesota electrical contractor bond is $125 for a one-year bond term with NNA Surety. Secure this surety bond today.
How the Minnesota Electrical Contractor Bond Works
The Minnesota electrical contractor bond helps protect the public by holding electrical contractors financially accountable for complying with applicable licensing regulations and safety requirements.
The Minnesota surety bond involves three parties:
- Principal: Electrical contractor
- Obligee: State of Minnesota
- Surety: Bonding company
A claim against the bond may be filed for covered financial losses resulting from a contractor's failure to comply with applicable licensing regulations, safety standards, or other obligations secured by the bond. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Minnesota Electrical Contractor Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the $125 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your Minnesota electrical contractor license.
Get Your Minnesota Electrical Contractor Bond
Ready to meet your Minnesota electrical contractor bonding requirements? Complete this form or call 855-457-2196 to get bonded.