Tennessee home improvement contractors are regulated by the Board for Licensing Contractors, a division of the Department of Commerce and Insurance.
The application is for a 2- year license, and the application fee is $250.
Additionally, you must present evidence of “financial responsibility”. This is satisfied by purchasing the appropriate surety bond.
The Tennessee home improvement contractor license bond is a $10,000 surety bond.
The cost for one year: $100. We also have the bond available for purchase for 2 or 3 years which offers a savings over a year to year renewal.
Our recommendation is to purchase the surety bond for at least a two year term since this will coincide with the biennial license issued by the state and offers a savings; however, ultimately, of course, the decision is yours to make.
Your Tennessee home improvement bond involves no credit check. Merely complete an application, determine the term of the bond (1 or prepaid up to3 years) pay the required premium, and the bond is issued to you immediately.
The bond can be delivered overnight if required for an extra fee. A copy of the surety bond can be emailed to you as well, but the original is always sent by mail for your filing.
The Tennessee home improvement contractor license bond is a financial guarantee which ensures that you (and any employees who work under your bond) will be in compliance with all regulations, statutes, and amendments governing home improvement contracting in the state.
Specifically, the bond ensures your compliance with Title 62, Chapter 6, of the Tennessee Annotated Code.
As principal for this bond, you agree to indemnify the surety should any claims be paid against your bond.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, fiduciary, and court surety bonds throughout Tennessee and nationwide.
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