A Tennessee Right of Way Bond is required for contractors and companies who need to work on or near state-owned property, such as along highways or public roads. This bond protects the State of Tennessee by guaranteeing that the contractor will properly restore the work area, follow all regulations, and fix any damage…
Overview
What it is.
A Tennessee Right of Way Bond is required for contractors and companies who need to work on or near state-owned property, such as along highways or public roads. This bond protects the State of Tennessee by guaranteeing that the contractor will properly restore the work area, follow all regulations, and fix any damage…
Who usually needs it
Contractors, utility companies, telecommunications firms, builders, developers, and permit applicants who need to perform work such as excavation, trenching, driveway construction, or utility installation in Tennessee state highway right-of-way. The bond is required to guarantee compliance with permit terms, restoration of the right-of-way to its original c…
Pricing & timing
What to expect.
Generic pricing
Permit bonds are required for specific activities, construction projects, or business operations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger permit 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. Many common permit bonds qualify for instant approval with no underwriting required. Requirements vary by j…
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 amountVaries by license type or projectObligeeState of TennesseeBond classPermit BondCategoryConstructionBondTennessee Right of Way BondJurisdictionStatePlain descriptionA Tennessee Right of Way Bond is required for contractors and companies who need to work on or near state-owned property, such as along highways or public roads. This bond protects the State of Tennessee by guaranteeing…Who needs this bondContractors, utility companies, telecommunications firms, builders, developers, and permit applicants who need to perform work such as excavation, trenching, driveway construction, or utility installation in Tennessee s…
