Construction & Specialty · Minnesota
Minnesota Surety Bonds
Minnesota contractors, court-required bond holders, and licensed professionals often need surety bonds as a condition of doing business — from contractor license bonds required by the Department of Labor to performance and payment bonds for public projects. As a MN-licensed independent broker, I work with multiple surety companies to find bonds for MN businesses at competitive rates.
What types of surety bonds we place
Surety bonds in Minnesota are required for contractor licensing, public works projects, and professional licenses — and the bond requirement doesn't go away just because your credit isn't perfect. As an independent broker, I work with multiple surety companies to find bonds for a wide range of situations.
Contractor License Bonds
Required by Minnesota contractor licensing authorities as a condition of your contractor license — the bond protects clients against contractor fraud or failure to complete contracted work.
Performance Bonds
Required on public works and many private construction projects — guarantees you'll complete the contract according to its terms. Required for most government contracts in Minnesota.
Payment Bonds
Guarantees you'll pay subcontractors, suppliers, and laborers on a project — typically required alongside a performance bond on public projects.
Bid Bonds
Guarantees you'll honor your bid price and execute a contract if awarded — required for most public construction bidding in Minnesota.
License & Permit Bonds
Covers a wide range of professional licensing requirements — auto dealer bonds, freight broker bonds, mortgage broker bonds, and other occupation-specific bonds required by Minnesota regulators.
Court & Fiduciary Bonds
Covers bonds required by courts — administrator bonds, executor bonds, guardian bonds, and other court-ordered bonds required in legal proceedings.
Why Dayton Insurance
An independent agent who works for you
Unlike captive agents who represent one company, I shop multiple carriers to find the right coverage at the right price for your Minnesota business.
Truly independent
I represent multiple top-rated carriers — not just one company. That means you get options, not a single take-it-or-leave-it quote.
Claims advocacy
When you file a claim, you have someone in your corner. I'll walk you through the process and follow up with the carrier so you don't have to fight it alone.
One agent, start to finish
From the first quote to renewal, you work with Nate directly. No call centers, no handoffs, no surprises at renewal.
Get your quote
Ready to get covered in Minnesota?
As an independent broker, I shop multiple carriers to find the right fit for your Minnesota business. Most commercial quotes come back within 2–3 business days.
Request a Free Quote
No forms, no fees — just a straightforward conversation about your coverage needs.
Common Questions
Frequently asked questions
Is a surety bond the same as insurance?
No — a surety bond is a three-party guarantee between the principal (you), the obligee (the party requiring the bond), and the surety (the bonding company). Unlike insurance, the surety expects to be repaid if a claim is paid on your behalf.
Can I get a surety bond with bad credit in Minnesota?
Yes — some surety programs are available for contractors and businesses with less-than-perfect credit. I work with multiple surety companies and can often find bond options even in challenging credit situations.
How much does a surety bond cost in Minnesota?
Surety bond premiums are a percentage of the bond amount — typically 1%–15% annually depending on your credit, the bond type, and the required bond amount. A $10,000 contractor license bond might cost $100–$500 annually.
How quickly can I get a surety bond in Minnesota?
Many contractor license bonds and smaller bonds can be issued within 24–48 hours once your application is submitted. Performance and payment bonds for large projects may take longer due to underwriting review.