Minnesota - Elevator Contractor or Limited Elevator Contractor
Flat Rate & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $25,000 | 1 Year | $125 |
Elevator contractors and limited elevator contractors installing or maintaining elevators and related equipment in Minnesota must meet applicable state licensing and bonding requirements. The $25,000 elevator contractor bond helps ensure contractors comply with Minnesota elevator safety laws and provides financial protection for covered violations.
Cost of the Minnesota Elevator Contractor or Limited Elevator Contractor Bond
The cost of the $25,000 Minnesota elevator contractor or limited elevator contractor bond is $125 for a one-year bond term with NNA Surety. Secure this surety bond today.
How the Minnesota Elevator Contractor or Limited Elevator Contractor Bond Works
The Minnesota elevator contractor bond helps protect the state and public by holding contractors financially accountable for complying with applicable elevator safety requirements and obligations covered by the bond.
The bond involves three parties:
- Principal: Elevator contractor or limited elevator contractor
- Obligee: State of Minnesota
- Surety: Bonding company
A claim against the bond may be filed when a contractor fails to meet an obligation covered by the bond, including covered losses resulting from noncompliant elevator work. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Minnesota Elevator Contractor or Limited Elevator 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 elevator contractor license.
Learn more about your Minnesota surety bond options across the state.
Get Your Minnesota Elevator Contractor or Limited Elevator Contractor Bond
Ready to meet your Minnesota elevator contractor bonding requirements? Complete this form or call 855-457-2196 to get bonded.