Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature

Office of the Revisor of Statutes

326.94 BOND; INSURANCE.
    Subdivision 1. Bond. (a) Licensed manufactured home installers and licensed residential
roofers must post a surety bond in the name of the licensee with the commissioner, conditioned
that the applicant shall faithfully perform the duties and in all things comply with all laws,
ordinances, and rules pertaining to the license or permit applied for and all contracts entered
into. The annual bond must be continuous and maintained for so long as the licensee remains
licensed. The aggregate liability of the surety on the bond to any and all persons, regardless
of the number of claims made against the bond, may not exceed the amount of the bond. The
bond may be canceled as to future liability by the surety upon 30 days' written notice mailed to
the commissioner by regular mail.
    (b) A licensed residential roofer must post a bond of at least $15,000.
    (c) A licensed manufactured home installer must post a bond of at least $2,500.
    Bonds issued under sections 326.83 to 326.98 are not state bonds or contracts for purposes
of sections 8.05 and 16C.05, subdivision 2.
    Subd. 2. Insurance. Licensees must have public liability insurance with limits of at least
$300,000 per occurrence, which must include at least $10,000 property damage coverage. The
insurance must be written by an insurer licensed to do business in this state. The commissioner
may increase the minimum amount of insurance required for any licensee or class of licensees if
the commissioner considers it to be in the public interest and necessary to protect the interests
of Minnesota consumers.
History: 1991 c 306 s 18; 1993 c 245 s 32; 1999 c 137 s 9; 2007 c 140 art 8 s 20
NOTE:Subdivision 2 was also amended by Laws 2007, chapter 9, section 1, to read
as follows:
    "Subd. 2. Insurance. Each licensee shall have and maintain in effect commercial general
liability insurance, which includes premises and operations insurance and products and completed
operations insurance, with limits of at least $100,000 per occurrence, $300,000 aggregate limit
for bodily injury, and property damage insurance with limits of at least $25,000 or a policy with
a single limit for bodily injury and property damage of $300,000 per occurrence and $300,000
aggregate limits. The insurance must be written by an insurer licensed to do business in this state.
Each licensee shall maintain on file with the commissioner a certificate evidencing the insurance
which provides that the insurance shall not be canceled without the insurer first giving 15 days'
written notice of cancellation to the commissioner. The commissioner may increase the minimum
amount of insurance required for any licensee or class of licensees if the commissioner considers
it to be in the public interest and necessary to protect the interests of Minnesota consumers."