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Minnesota

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In Minnesota, surety bonds act as a form of insurance in that they protect a hiring company or organization from the possibility of poor performance or non-compliance with the specifications of a particular job or project.

A Minnesota surety bond serves two important roles. It is part credit to the involved principal, and part insurance to the obligee. When an obligee obtains the services of a bonded principal, it can enjoy an extra level of security for the services that it receives. If the bondholder violates the terms of the contract, the obligee can claim the bond and be compensated for damages incurred.

On the other hand, Minnesota bonds also act as an extension of credit to the principal. When a claim is made against the bond by an obligee, the bonded does not have to incur high out-of-pocket expenses. This is because the surety will typically honor the claim and later seek compensation from the involved principal.

Common Minnesota Surety Bonds


In Minnesota, surety bonds act as a form of insurance in that they protect a hiring company or organization from the possibility of poor performance or non-compliance with the specifications of a particular job or project.

A Minnesota surety bond serves two important roles. It is part credit to the involved principal, and part insurance to the obligee. When an obligee obtains the services of a bonded principal, it can enjoy an extra level of security for the services that it receives. If the bondholder violates the terms of the contract, the obligee can claim the bond and be compensated for damages incurred.

On the other hand, Minnesota bonds also act as an extension of credit to the principal. When a claim is made against the bond by an obligee, the bonded does not have to incur high out-of-pocket expenses. This is because the surety will typically honor the claim and later seek compensation from the involved principal.

Common Minnesota Surety Bonds

Minnesota Healthcare Bond
Auto Dealer Bond
Contractors Bond
School Bond
Public Adjuster Bond
Auctioneer Bond


How do I purchase a Minnesota surety bond?

NFP, the nation's largest and most reliable surety company, is authorized to issue many different types of surety bonds in Minnesota. We can provide the best rates for your bond, as well as the fastest issuance, to get your business off and running.

Our short online application makes it easy. Click below to start the application process today.

Minnesota Surety Bond FAQs

Minnesota has specific bonding rules tailored to certain industries. For example, residential building contractors must post a $1 million liability insurance policy and may also need a bond if operating under certain conditions. In addition, collection agencies must maintain a $50,000 surety bond, and some local jurisdictions impose their own bonding rules for contractors and permit holders.

Yes. All new and used motor vehicle dealers in Minnesota are required to post a $50,000 auto dealer bond to be licensed. This bond protects the public and the state from financial losses due to fraudulent or unethical practices by the dealer. It must be renewed annually as part of the licensing process.

For most individual applicants, yes. Personal credit is one of the key factors in determining your premium rate. However, some bonds, such as certificate of title bonds or those under a certain amount, may have fixed pricing or be issued without a credit check. Business owners with poor credit may still qualify, but at a higher cost.

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Explore All Surety Bonds

Browse all of our surety bonds below or connect with the expertise and guidance of one of our surety bond specialists.

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All Types. All States. The very best solutions for your surety bond needs.