Electrical contractors in Tennessee who perform home improvement work are required to obtain a $10,000 surety bond as mandated by the Tennessee Department of Commerce and Insurance. The bond protects the public from financial losses if a contractor performs defective work or fails to comply with licensing regulations and building codes.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateTNBond amount$10,000ObligeeCity of Kingsport, TennesseeBond classLicense BondCategoryOtherBondElectrical LicensePlain descriptionElectrical Contractor - Bond Runs to MunicipalityWho needs this bondElectrical contractors in Tennessee who perform home improvement work are required to obtain a $10,000 surety bond as mandated by the Tennessee Department of Commerce and Insurance. The bond protects the public from fin…
