Minnesota's $25,000 technology system contractor bond is filed with the Department of Labor and Industry as a condition of the low-voltage contractor license under Minn. Stat. 326B.46. Ours is $125 flat — set by our carrier's rate book for this bond, identical for every contractor. The application collects no credit information.
















License bonds are the simplest thing in surety. Here's the entire process:
Business details and an effective date. That's the application — no financials, no credit section.
Fixed-amount license bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
Your executed bond and power of attorney arrive by email, ready to file with your technology system contractor license application. Wet-ink original mailed on request.
Minnesota licenses technology system contractors — the businesses that install low-voltage, power-limited, alarm, data, and signal systems — through the Department of Labor and Industry. The license is conditioned on a $25,000 surety bond under the contractor-bond provision at Minn. Stat. 326B.46, the same licensing-and-bond section that applies to electrical and related contractors.
The bond runs to the state for the benefit of any person who suffers loss because the contractor fails to comply with the licensing laws and the electrical/technology code. It is a three-party arrangement: you (the principal), the surety, and the State of Minnesota (the obligee).
A technology system contractor license also requires that you be, or employ, a licensed power limited technician (PLT). The bond is one piece of that license — if the surety pays a claim, you repay the surety; it is not insurance for you.
These are the actual issuing fields — no credit section, because this bond doesn't have one.
Start the application →$125 flat, no credit review, bond often issued in the same sitting. Free until issued.