Surety Bonds in the State of Minnesota
Surety Bond Authority has been providing Minnesota surety bonds to different persons and business entities for over 30 years. As one of the leading surety bond companies in the country, we are financially ready to help you meet your licensing and other financial requirements. With us, you’ll be guaranteed of exemplary service from the time you applied until the term of your surety bond is over.
The bond amounts are specific to the type of Minnesota surety bond. Often times, this is mandated by a provision in the Minnesota law, and sometimes, a Minnesota government agency dictates the bond amount depending on the business or profession’s risks.
The bond premium is the payment charged by the surety for the credit risk. The determining factor for this is your credit score. If you have an excellent one, your bond premium can be as little as 1% of the bond amount. You are still welcome to apply for a surety bond even if you have a bad credit score.
Call us to know more. You can also GET YOUR FREE SURETY BOND PREMIUM QUOTE HERE today!