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If you are a roofer in the State of Minnesota, it is a requirement of the state that you possess a Minnesota Residential Roofing Contractor Bond to become a licensed roofer if you want to build or remodel residential property in Minnesota and your company’s gross receipts are over $15,000 in a calendar year.
If you don’t expect to gross more than $15,000, you must still file an affidavit with the Department of Labor and Industry. If you go over the limit you must get a license immediately. You (or an employee you designate) must also pass the residential roofer trade exam to get a license
The Minnesota Residential Roofing Contractor Bond is also required to bid on commercial, state, and federal jobs.
Bonds Express offers a Minnesota Residential Roofing Contractor Bond with a 100% approval rate. You will be required to provide a signed application in order get a Minnesota Residential Roofing Contractor Bond.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Minnesota Roofing Contractor Bond holds you accountable for your business decisions.
By possessing a Minnesota Roofing Contractor Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.