Tennessee Surety Bonds

Tennessee Surety Bonds Explained

Whether you're running a business that has to get licensing, bidding on a construction project, or appealing a court case in Tennessee, you may be required by various authorities to provide a surety bond.

In essence, a surety bond is a contract between you or your company as the principal, and two other parties. The obligee is the entity requiring the bonding, while the surety is the one providing it.

You can gather detailed information about Tennessee surety bonds in the sections below. They will give you insights about how much your bond will cost, how our bad credit program works, and how you can get bonded.

If you'd like to apply for your bond right away, you can do so by using the search tool below. Once you submit your application form, we will contact you with a free quote on your bond.

Who Needs to Get Bonded in Tennessee

There are three main types of surety bonds that you may need in Tennessee: license bonds, contract bonds, and court bonds.

License bonds may be needed in case you have to get licensed with a local, state, or federal authorities. They guarantee that bonded individuals and businesses will comply with the regulations concerning their business license. Some professionals who need to get license bonds include auto dealers, mortgage brokers and lenders, freight brokers, contractors, and many more.

Contract bonds are often necessary for contractors who want to participate in a bid for a public or private contract, or are about to begin work on a project. The most common types include bid bonds, payment bonds, and performance bonds.

Court bonds may be required by a Tennessee court before certain legal proceedings can take place. These include appealing a judgement, as well as assuming the role of a fiduciary and guardian.