City of Brainerd, Minnesota-Contractor Surety Bond
General Contractor - 3rd Party Liability
Overview
What it is.
General Contractor - 3rd Party Liability
Who usually needs it
General contractors (any business or individual acting as a principal contractor) who must obtain a local contractor license or compliance permit from the City of Brainerd before starting construction, repair, or related work within city limits. The bond ensures compliance with city rules, building codes, and protects consumers, employees, subcontractors, s…
Pricing & timing
What to expect.
Generic pricing
Performance bonds guarantee that a contractor will complete a project according to the contract terms. Typical Pricing:. • Small contracts: Commonly around 1–5% of the contract value (one-time upfront premium). • Larger contracts: Rates generally scale lower as contract size increases. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. • Full underwriting required: Credit, financials, experience, and bon…
Typical timeframe
Full underwriting required — typically 3–5 business days
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateMNBond amount$5,000ObligeeCity of Brainerd, MinnesotaBond classPerformance BondCategoryOtherBondCity of Brainerd, Minnesota-Contractor Surety BondPlain descriptionGeneral Contractor - 3rd Party LiabilityWho needs this bondGeneral contractors (any business or individual acting as a principal contractor) who must obtain a local contractor license or compliance permit from the City of Brainerd before starting construction, repair, or relate…
