The Minnesota Utility Permit Bond is required by the State of Minnesota, Department of Transportation.
What is the purpose of a Minnesota Utility Permit Bond?
Some type of security deposit is required when you get a permit for working in Trunk Highway as a way to ensure that the work is completed according to the satisfaction of the Department of Transportation. A surety bond may be given. The bond states that the bondholder (applicant) shall satisfactorily restore the Trunk highway right of way and bear that expense of engineering supervision and inspection provided by the State and for any expense incurred in repairing of any damage to any portion of the truck highway right of ways caused by work performed under permits so granted. There is no set bond amount as it will be set by the District Permit Section and the amount will depend on the specific situation of the project.
How do I obtain a Minnesota Utility Permit 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.