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What is a Minnesota – Utility Contractor (Individual Permit) Bond?
If you are a Minnesota utility contractor, it is your responsibility to maintain the state's permitting laws and regulations. This means that you must either deposit cash or purchase and maintain a Utility Permit Surety Bond in order to do business legally within this region.
The DOT allows you to purchase either a continuing bond that covers all permit applications, or an individual one for each of your needs. You can choose which type is best suited towards what you need and how often these bonds will renew – there's never any risk with getting them!
Do you need a bond for your company?
Swiftbonds is a leading provider of surety bonds. We offer the best rates, fastest service, and most professional customer service in the industry. Our goal is to make sure that we are always there when you need us.
If you’re looking for an easy way to get bonded quickly, call or email us today! We can help with any type of bonding requirement – from construction site safety to general liability insurance. You can even apply online! It only takes minutes and it's completely free.
Get started by filling out this form now!
Why is the Minnesota – Utility Contractor (Individual Permit) Bond required?
Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, they will be compensated by the surety company for any damages incurred due this negligence. Read a Bloomington, MN – Erosion Control Performance Bond.
How does a Minnesota – Utility Contractor (Individual Permit) Bond work?
Getting a Minnesota – Utility Contractor (Individual Permit) Bond means you agree with the entity requiring it, called the obligee. Your surety company agrees to cover for you in case your clients or public make claims against their contract and need payment from your bond. If there’s ever any problems on either side of this agreement, only then will we get involved so that both parties can be satisfied. Have a Minnesota – Wholesale Produce Dealer Bond.
How much does a Minnesota – Utility Contractor (Individual Permit) Bond cost?
Minnesota – Utility Contractor (Individual Permit) Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes.
Can I get a Minnesota – Utility Contractor (Individual Permit) Bond with bad credit?
Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds. Need a Minnesota – Water Conditioning Contractor ($3,000) Bond.
How to get your Minnesota – Utility Contractor (Individual Permit) Bond?
Would you like to know the first step in getting your Minnesota – Utility Contractor (Individual Permit) Bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. See a Minnesota – Viatical Settlement Provider Bond.
