Surety Bond Blog » minnesota

Minnesota Contractor License Bond Update

Eric Weisbrot — Wed, 04 Jan 2012 14:45:59 +0000

New surety legislation was enacted concerning Minnesota plumbers. The new law is named SB 2 and modifies the surety bond requirements for plumbers; the previous legislation required all licensed contractors who perform plumbing work to acquire a $25,000 surety bond. The new law changes the requirement to pertain to all individuals who perform plumbing in the state regardless of whether they are a licensed contractor.

Minnesota Alcohol Distillery Bond

Eric Weisbrot — Tue, 27 Sep 2011 17:29:14 +0000

Some distilleries operating out of Minnesota must abide by new surety bond requirements that were recently put in place. The new law is titled HB 1326 and requires micro-distilleries of premium distilled spirits to acquire a $2,000 surety bond if they are manufacturers/wholesalers of less than 20,000 gallons of 95% alcohol per year. Manufacturers/wholesalers of less than 40,000 gallons of 95% alcohol per year must obtain a $3,000 bond.

Minnesota Contractor License Bond

Eric Weisbrot — Mon, 04 Oct 2010 13:13:56 +0000

Plumbers and household installers within the State of Minnesota must abide by a new bill that was recently enacted. The new bill is titled SB 2510 and modifies numerous surety bond requirements relating to plumbers and household installers. SB 2510 terminates the previous exclusion of the surety bond requirements for plumbers working under master plumbers. Now plumbers must acquire a minimum $25,000 surety bond under the present legislation. The new bill also states that the present surety bond required for manufactured home installers, residential roofers and sign installation contractors now calls for a “biennial” surety bond. The present legislation requires a $15,000 surety bond for residential roofers and a $2,500 bond for manufactured home installers.