The Tennessee Home Improvement Contractor’s Bond is required by the Department of Commerce and Insurance, in the amount of $10,000. The bond states that the bondholder shall comply with all the rules and regulations of the Tennessee Code.
Who is a Home Improvement Contractor?
A Home Improvement Contractor is any person who undertakes, agrees to undertake, or agrees to perform home improvement for an owner. They are not an employee of the owner. Home Improvement means the repair, replacement, remodeling, alteration, conversion, modernization, improvement or addition to land or building.
Who needs a Tennessee Home Improvement Contractor’s Bond?
Home Improvement contractors are required to be licensed when remodeling project costs are between $3,000 – $24,999. For the license, contractor’s apply to the Tennessee Board for Licensing Contractors. The Tennessee Home Improvement Contractor’s Bond is one of the licensing requirements.
What are other licensing requirements?
- Completed application form
- $250 application fee
- Insurance – Proof of Worker’s Compensation for Tennessee and General Liability
- Eligibility Verification
- Copy of Charter of the Articles of Organization, if applicable
- Proof of Registration with the Secretary of State, if applicable
How do I get a Tennessee Home Improvement Contractor’s Bond?
Start the process by completing our easy to navigate, free online application form. After that, one of our surety experts will contact you with a no-obligation quote on the bond premium. Next, when you’re ready to proceed, we’ll collect the premium payment and have you sign the agreement. Lastly, your Tennessee Home Improvement Contractor’s Bond will be sent to you by USPS priority mail. Overnight is available for an additional fee.
Surety1 has been providing surety bonds since 2003 and is licensed in all 50 states. The company maintains an A+ rating from the Better Business Bureau and represents over a dozen A rated surety companies
Call us toll-free at 877-654-2327. We have live surety bond agents available Monday – Friday, 8:00 – 4:30 PST. We’re glad to help.