Minnesota Elevator Boring Contractor Bond
What it is & who requires it
Contractors licensed to construct, repair and seal elevator borings — the shaft drilled to house a hydraulic elevator cylinder below a building. This is the narrowest of the four well and boring licenses and the one most often missed, because the work is done for an elevator installation and the contractor performing it is usually a driller rather than an elevator company. The chapter treats the shaft as a boring and licenses it accordingly, which means a project can carry two separate bonds under two separate statutes for what looks like one job: this bond for the boring, and the elevator contractor bond in the labor and industry family for the elevator itself. Neither substitutes for the other. Worth noting for anyone assuming the family is uniform: this is the one subdivision of the four in this chapter that does not say the bond stands in lieu of other license bonds required by a political subdivision, so a local requirement is not displaced on the face of the statute the way it is for the sibling licenses.
Obligee: Minnesota Department of Health (Well Management Section). Citation: Minn. Stat. § 103I.535, subd. 5(a) (bond — as a condition of being issued an elevator boring contractor’s license, the applicant must submit a corporate surety bond for $10,000 approved by the commissioner, conditioned to pay the state on performance of work in this state that is not in compliance with the chapter or rules adopted under it); § 103I.535, subd. 5(b) (the commissioner may compensate persons injured or suffering financial loss from the proceeds); Minn. Stat. § 103I.535 (elevator boring contractor’s license; representative’s certification); Minn. Stat. § 103I.501 (licensing and regulation of wells and borings).
Bond amount
The required bond amount is $10,000.
How to get it
This bond is individually underwritten, so it is not issued instantly. Request a quote and a licensed producer follows up to walk you through it.
Request a bond quote
Tell us about the bond and the project. A licensed producer follows up — these bonds are individually underwritten, so they are not issued instantly.
Term & renewal
Term: Held as a condition of the elevator boring contractor’s license and approved by the commissioner of health, conditioned to pay the state on work performed in Minnesota that does not comply with the well and boring chapter or its rules.
Renewal: Runs with the license; the bond must be on file and approved for the license to issue and to remain in force.
Filing
Submitted to the commissioner of health with the license application and approved by the commissioner. The sum is stated as fixed rather than as a floor and there is no cash or deposit alternative in the chapter, so the figure renders. Corporate surety is required in terms. The condition runs to compliance with the chapter and its rules rather than to a contract, and the commissioner distributes proceeds to persons injured or suffering financial loss. This line was not on either carrier list consulted for the state and is staged because the statute is current, the license is issued, and the trade is a construction trade rather than a merchant one.
Source
Verified against the obligee source (last checked 2026-09-07).
Related Minnesota bonds
Frequently asked questions
- Who requires the Minnesota Elevator Boring Contractor Bond?
- It’s required by Minnesota Department of Health (Well Management Section) (Minn. Stat. § 103I.535, subd. 5(a) (bond — as a condition of being issued an elevator boring contractor’s license, the applicant must submit a corporate surety bond for $10,000 approved by the commissioner, conditioned to pay the state on performance of work in this state that is not in compliance with the chapter or rules adopted under it); § 103I.535, subd. 5(b) (the commissioner may compensate persons injured or suffering financial loss from the proceeds); Minn. Stat. § 103I.535 (elevator boring contractor’s license; representative’s certification); Minn. Stat. § 103I.501 (licensing and regulation of wells and borings)). Contractors licensed to construct, repair and seal elevator borings — the shaft drilled to house a hydraulic elevator cylinder below a building. This is the narrowest of the four well and boring licenses and the one most often missed, because the work is done for an elevator installation and the contractor performing it is usually a driller rather than an elevator company. The chapter treats the shaft as a boring and licenses it accordingly, which means a project can carry two separate bonds under two separate statutes for what looks like one job: this bond for the boring, and the elevator contractor bond in the labor and industry family for the elevator itself. Neither substitutes for the other. Worth noting for anyone assuming the family is uniform: this is the one subdivision of the four in this chapter that does not say the bond stands in lieu of other license bonds required by a political subdivision, so a local requirement is not displaced on the face of the statute the way it is for the sibling licenses.
- How much is the Minnesota Elevator Boring Contractor Bond?
- The bond amount is $10,000.
- How do I get the Minnesota Elevator Boring Contractor Bond?
- This bond is individually underwritten, so it is not issued instantly. Request a quote and a licensed producer follows up to walk you through it.
- What is the term?
- Held as a condition of the elevator boring contractor’s license and approved by the commissioner of health, conditioned to pay the state on work performed in Minnesota that does not comply with the well and boring chapter or its rules. Renewal: Runs with the license; the bond must be on file and approved for the license to issue and to remain in force.
- Is this bond insurance for me?
- No. It protects the obligee and the public — not you. If a valid claim is paid, you repay the surety.
- How is this requirement verified?
- We verify it against the obligee’s primary source (last checked 2026-09-07); the source link is on this page.
