Tennessee Contractor License Bond's are required by Tennessee's Department of Commerce and Consumer Affairs to obtain your Tennessee Contractor License Bond. The Tennessee Contractor License Bond amount is set at $25,000.
a $25,000 surety bond
There are 3 parts to a Contractor License surety bond. The Principal "YOU", The Surety Company, and the Obligee. The Principal is the business or individual applying for the Contractor License Surety Bond. The Obligee is the individual or entity requiring the Surety Bond and the Surety Company is the company who provides the Surety Bond coverage.
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For the county of Nashville, the surety bond is $500,000
For the county of Memphis, the surety bond is $25,000