A surety bond is a contract that guarantees you will fulfill your obligations and follow the rules of your industry. Depending on what type of surety bond you need, your obligations and duties will be different.
Short on time? Read our Surety Bond FAQ.
How to get a Surety Bond in Tennessee
Step #1: Apply for Tennessee surety bond
Step #2: Evaluation and rates
- Applicants with good credit can expect to pay 1-4% of their total bond amount.
- Applicants with bad credit will have to pay more, up to 15%.
Step #3: Pay for Tennessee bondYou will only need to pay one time for your bond. You won't have to pay monthly, like a regular insurance policy.
Businesses That Require Surety Bonds in Tennessee
Every state has different bonding requirements for its industries, and Tennessee is no exception. If you're operating a business in Tennessee and you're in a position of financial or ethical responsibility, you may need to get a surety bond.
Getting a Tennessee surety bond can be expensive, but it doesn't have to be. At Surety Solutions, our online Bond Cost Calculator lets you view quotes for your bond so you can compare prices before you buy.