Minnesota elevator contractor bonds.
$125 flat.

Minnesota conditions every elevator contractor and limited elevator contractor license on a fixed $25,000 bond filed with the Department of Labor and Industry — ours is $125 flat, set by our carrier’s rate book for this bond. The bond issues the moment you pay — no credit review of any kind, not even a soft pull.

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Required for a MN elevator or limited elevator contractor license through DLI

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Fixed amount, fixed price — $25,000 bond, $125, no quote process

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Multi-year terms available — set it up once for up to 3 years

A-ratedA.M. Best carriersInstantunderwriting process1–3 yrterms available

Trusted by industry leaders

How it works

Three steps. One sitting.

License bonds are the simplest thing in surety. Here’s the entire process:

NOW · ONLINE

Apply online

Business details and an effective date. That’s the application — no financials, no credit section.

MINUTES, USUALLY

Pay & e-sign

License bonds like this are among the thousands of bond types that issue right after purchase.

SAME DAY

File with DLI

Your executed bond arrives by email, ready to file with your Department of Labor and Industry license application or renewal. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

Minnesota licenses elevator contractors and limited elevator contractors through the Department of Labor and Industry, and conditions the license on a $25,000 bond under Minn. Stat. 326B.164, subdivision 7. The bond is conditioned on the faithful and lawful performance of all elevator work the contractor performs in Minnesota.

It is a three-party arrangement: you (the principal), the surety carrier, and the State of Minnesota (the obligee), with anyone harmed by your work as the protected party. The bond is for the benefit of persons injured or suffering financial loss by reason of a failure of performance, and it must be written by a corporate surety licensed in the state.

It is not insurance for you — if the surety pays a claim, you repay the surety. The same $25,000 applies whether you hold the full elevator contractor license or the limited license.

Minn. Stat. 326B.164, subd. 7Minnesota Statutes section 326B.164, subdivision 7, conditions an elevator contractor or limited elevator contractor license on a $25,000 bond filed with the Department of Labor and Industry, written by a corporate surety, conditioned upon the faithful and lawful performance of all elevator work in Minnesota and for the benefit of persons injured or suffering financial loss by reason of a failure of performance. The bond is filed with the license application and at each renewal.

You need this bond if you are

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Applying for a MN elevator contractor license through Labor and Industry

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Applying for a limited elevator contractor license — the same $25,000 bond applies

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Renewing your contractor license and your current bond is expiring or non-renewing

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An out-of-state contractor getting licensed to do elevator work in Minnesota

One application, issued instantly.

These are the actual issuing fields — no credit section, because this bond doesn’t have one.

Start the application →

FAQ

Common questions.

How much is the Minnesota elevator contractor bond?The premium is $125 — set by our carrier’s rate book for this bond, the same for every contractor. The $25,000 bond amount is set by statute, so there is no quote process; the price you see is the checkout price.

Does the limited elevator contractor license need the same bond?Yes. Under 326B.164, subdivision 7, both the elevator contractor and limited elevator contractor licenses require the $25,000 bond — the amount and price are the same.

Do I pay the $25,000?No. You pay $125. The $25,000 is the surety’s maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.

Is there a credit check?Not on this bond — the application has no credit section at all. Small fixed-amount license bonds like this one don’t need one.

How fast will I have the bond?License bonds like this are among the thousands of bond types that issue right after purchase — many contractors have the bond in the same sitting.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

Related bonds

Other Minnesota bonds.

Finish your license checklist today.

$125 flat, no credit review, bond often issued in the same sitting. Free until issued.

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Your price$125

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