Minnesota - Utility Contractor (Continuing)
Competitive Rates
| Bond Amount Required | Bond Term | Annual Premium |
| Varies | 1 Year | Starting at $100 |
Utility owners performing frequent work within Minnesota state highway rights-of-way may be required to maintain a continuing surety bond. The Minnesota utility contractor continuing bond provides an ongoing financial guarantee for multiple permit applications and helps ensure compliance with applicable Minnesota Department of Transportation requirements.
Cost of the Minnesota Utility Contractor (Continuing) Bond
The annual premium for a Minnesota utility contractor continuing bond starts at $100 with NNA Surety. The final cost may vary depending on the required bond amount and applicable underwriting. Secure this surety bond today.
How the Minnesota Utility Contractor (Continuing) Bond Works
The Minnesota utility contractor continuing bond helps protect state highway infrastructure by holding utility owners financially accountable for complying with applicable permit conditions and restoration requirements.
Unlike an individual permit bond, a continuing bond provides ongoing coverage for multiple qualifying utility projects rather than requiring a separate bond for each permit.
The bond involves three parties:
- Principal: Utility owner or contractor
- Obligee: Minnesota Department of Transportation
- Surety: Bonding company
A claim against the bond may be filed when the principal fails to meet an obligation covered by the bond, including applicable restoration requirements or costs associated with correcting noncompliant utility work. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Minnesota Utility Contractor (Continuing) Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application with your business and utility project information.
- Confirm the required bond amount and pay the applicable premium, starting at $100.
- Receive the bond documentation required for your continuing permit coverage.
- Submit the bond as required by the Minnesota Department of Transportation.
Learn more about your Minnesota surety bond options across the state.
Get Your Minnesota Utility Contractor (Continuing) Bond
Ready to meet your Minnesota utility contractor bonding requirements? Complete this form or call 855-457-2196 to get bonded.