The Minnesota Residential  Specialty Contractor Bond is required by the City of Minneapolis Department of Licenses and Consumer Services.

According to the City of Minneapolis Department of Licenses and Consumer Services, a Residential Specialty Contractor is any person who:

• Owns / operates a residential specialty contracting business
• Undertakes, offers to undertake, or agrees to perform any building contracting
• Negotiates or offers to negotiate a building contract with an owner
• Solicits or otherwise endeavors to procure a building contract from an owner
• Works on 1-4 dwelling units

Residential Specialty Contractors perform services in areas such as excavation, masonry, carpentry, interior finishing, exterior finishing, drywall and plastering, roofing, and general installation specialties.

The required bond amount is $10,000.

The Minnesota Residential Specialty Contractor Bond ensures that the licensee will comply with all ordinances of the City of Minneapolis and protects the pubic from any wrongdoing by the licensee.

The bond is continuous in nature; therefore, it remains in full force and effect until cancelled. The bond may be cancelled at any time by providing the Department of Licenses and Consumer Services of the City of Minneapolis 30 days written notice prior to termination.

Additional license requirements include:

• Licence Application (Form #1)
• Certificate of Liability Insurance (furnished by an insurance agent)
• Licensing Fee and New License Surcharge

All fees are required by the obligee, not the Surety Company.

CLICK HERE to apply for your Minnesota Residential Specialty Contractor Bond today!