All individuals and business entities seeking to obtain or maintain an Electrical Contractor License in the State of Minnesota. Required when: Application for or maintenance of an electrical contractor license.
Overview
What it is.
All individuals and business entities seeking to obtain or maintain an Electrical Contractor License in the State of Minnesota. Required when: Application for or maintenance of an electrical contractor license.
Who usually needs it
All individuals and business entities seeking to obtain or maintain an Electrical Contractor License in the State of Minnesota.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
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$25,000Term lengthContinuousObligeeMinnesota Department of Labor and IndustryRenewalThe bond remains in effect until cancelled. While the license must be renewed every two years (by the last day of February in even-numbered years), the bond itself is continuous, though its liability is cumulative for e…Bond classLicense BondCategoryOtherBondElectrical Contractor Surety BondStatutory referenceMinnesota Statutes, section 326B.33, subd. 15JurisdictionState
