Tennessee Home Improvement Contractor Bond
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $10,000 | 1 Year | $100 |
Home improvement contractors in Tennessee undertaking residential remodeling projects valued from $3,000 to $24,999 are required to maintain a surety bond if they do not hold a general contractor's license. Required by the Tennessee Board for Licensing Contractors, the Tennessee bond guarantees compliance with state regulations and protects homeowners against breach of contract or faulty workmanship.
Cost of the TN Home Improvement Contractor Bond
The cost of the $10,000 Tennessee Home Improvement Contractor Bond is $100 per bond term with NNA Surety. Secure this surety bond today.
How the Tennessee Home Improvement Contractor Bond Works
A surety bond protects the public, not the business owner. In this case, the bond provides a financial guarantee for homeowners if a home improvement contractor fails to complete a project or performs substandard work.
The bond involves three parties:
- Principal: Home improvement contractor
- Obligee: Tennessee Board for Licensing Contractors
- Surety: Bonding company
If a consumer suffers a financial loss due to a contractor's breach of contract, they can file a claim against the bond. The surety company will compensate the injured party up to the bond's full amount, and the contractor is then legally obligated to reimburse the surety. Applicants for a Nashville home improvement contractor bond or Memphis home improvement contractor bond must meet these same state-level requirements.
How to Get a Tennessee Home Improvement Contractor Bond
- Complete the application.
- Pay the $100 bond premium.
- Receive your bond via email.
- Submit the bond to the Tennessee Board for Licensing Contractors.
Our specialists guide you through every step to ensure your bond is issued quickly and accurately.
Apply for Your Tennessee Home Improvement Contractor Bond Today
NNA Surety is ready to help you meet your licensing requirements with fast, reliable service. Complete this form or call 855-563-1401 to get bonded.