Minnesota Satellite System Contractor Bonds renew August 1st for a 2-year term. The Minnesota Department of Labor and Industry requires the Minnesota Satellite System Contractor Bond be in the amount of $25,000. However, it will not cost that must to obtain the bond. Fill out the application below to know how much you need to pay for a two-year term.
What is the purpose of a Minnesota Satellite System Contractor Bond?
Surety bonds serve as a form of consumer protection. The Minnesota Satellite System Contractor Bond states that people injured or suffering financial resulting from the failure of the contractor can file a claim on the bond. If businesses don’t lawfully do their jobs, this bond protects the customers and the public.
How are the Satellite System Contractor and Technology System Contractors different?
These two contractors are very similar in the work they do, but they vary in the scope of that work. The scope of the Technology System Contractor is more broad, while the Satellite System Contractor is more narrow. The Satellite System Contractor is for businesses that simply install antennas and satellites.
Other License Requirements
Surety1 only issues surety bonds and we are not involved with the issuing of licenses. But to help you know what documents to prepare, here is a list of the other requirements for a Satellite System Contractor License:
- Completed application form
- Payment of $128 for the fee
- Minnesota Secretary of State Registration/ Assumed Name Verification
- Disclosure of Business Owners, Partners, Officers, and Members Form
- Certificate of Liability Insurance
- Workers’ Compensation Certification of Compliance Form
- Certificate of Responsible Licensed Individual
How do I obtain Minnesota Satellite System Contractor Bond?
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). Once any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail (overnight shipping options also available).
The surety bond experts at Surety1 are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.