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What is a Contractor License Bond?
You may not be aware of it, but there are many types of surety bonds that construction contractors can take out. One type is the contractor license bond which guarantees that a contractor will fulfill his contracts with their clients and pay all applicable taxes as well as fees to the state if they fail to do so. A contract becomes part of this agreement between three parties: principal (the contractor), obligee (state authority requiring bonding) and give or sureties (providers).
Do you need a Tennessee Contractor License ($500,000) Bond?
If you're looking for the best contractor license bond in the State of Tennessee, look no further. We've got all your needs covered with our residential or commercial bonds. You can get bonded quickly and easily online, so there's no need to wait around at the office!
Get bonded today and start working on your project as soon as possible! It's easy to apply for a contractor license bond – just fill out an application form and we'll take care of everything else. And if you have any questions about how it works, don't hesitate to contact us! We're here to help answer any questions that might come up.
Apply for a contractor license ($500,000) bond now by filling out this form!
Why is the Tennessee Contractor License ($500,000) Bond required?
Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, they will be compensated by the surety company for any damages incurred due this negligence. Here's a Johnson City, TN-Fire Sprinkler Contractor ($10,000) Bond.
How does a Tennessee Contractor License ($500,000) Bond work?
Getting a Tennessee Contractor License ($500,000) Bond means you agree with the entity requiring it, called the obligee. Your surety company agrees to cover for you in case your clients or public make claims against their contract and need payment from your bond. If there’s ever any problems on either side of this agreement, only then will we get involved so that both parties can be satisfied. Read a Johnson City, TN-Fire Suppression Contractor ($10,000) Bond.
How much does a Tennessee Contractor License ($500,000) Bond cost?
Tennessee Contractor License ($500,000) Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes.
Can I get a Tennessee Contractor License ($500,000) Bond with bad credit?
Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds. Get a Johnson City, TN-Plumbing Contractor Bond ($10,000).
How to get your Tennessee Contractor License ($500,000) Bond?
Would you like to know the first step in getting your Tennessee Contractor License ($500,000) Bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. Find a Tennessee Collection Agency Bond.