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What is a Tennessee Contractor License Bond?
If you are a contractor in Tennessee, it is important to know that your company may be required by local or state licensing requirements to post a surety bond for the work you provide. A Tennessee contractor license bond ensures that contractors will work ethically and according to current building codes. Additionally, employees of the contracted company can make claims against this bond if fraudulent and illegal activities take place on behalf of their employer which results in financial losses.
Do you have a business that needs to post a bond?
Swiftbonds is the leading provider of contractor license bonds in the United States. We offer competitive rates and are always available to answer any questions you may have.
Whether your company has been in business for years or just opened its doors, we’re here to help! Contact us today if you want more information on how we can get started with your project. We look forward to hearing from you soon!
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Why is the Tennessee Contractor License 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. Need a Bristol Tennessee Electric System Utility Deposit Bond.
How does a Tennessee Contractor License Bond work?
Getting a Tennessee Contractor License 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. See a Appalachian Electric Cooperative Utility Deposit Bond.
How much does a Tennessee Contractor License Bond cost?
Tennessee Contractor License 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 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. Here's a Sevier County Electric System, TN – Utility Deposit Bond.
How to get your Tennessee Contractor License Bond?
Would you like to know the first step in getting your Tennessee Contractor License 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. Read a Tennessee Beer Wholesaler – Distributor – Manufacturer Bond.