Tennessee Utility Deposit Bonds
Utility deposit guarantee surety bonds, also known as Utility deposit bonds, are a financial guarantee to pay for utility services such as electricity, gas, and/or water in the event that the business or individual defaults to the utility company.
Utility deposit bonds are typically used in place of an actual cash deposit. Many businesses post a deposit with the utility company, unaware that they can posta bond a for a small percentage of the deposit amount. Keep your hard-earned money in your pocket and post a Utility Deposit bond for a small percentage of the amount today!
Unlike commercial surety bonds that protect the public, utility bonds protect the utility company by ensuring payment in the event of default by the business owner.
What does a Tennesse Utility Deposit Bond cost?
Rates vary depending upon the applicant’s personal credit history and the utility company’s requirements. Qualifying accounts can expect to pay between 2%-5% of the bond amount annually. The best way to get an accurate rate quote is to complete our online bond application so we can provide you with a free, no obligation, surety bond quote.
Can I still get a Tennessee Utility Deposit Bond with Bad Credit?
Since credit is a large part of the underwriting process for most surety bonds, it can be a big concern for those with credit issues when applying for a surety bond. Not to worry! A1SuretyBonds.com has partnered with only the premier surety companies to offer Bad Credit Surety Bonds to those who suffer from credit issues or whose credit is on the mend. Although the premium will be higher due to a lower credit score, we can still get you the bond you need for your situation at the guaranteed lowest rate available.
What you need to know about Utility Deposit Bonds
A1SuretyBonds.com has provided a list of all known utility deposit guarantee bonds through our online application system. Our online application allows you to provide the required information in order to apply for a utility deposit bond on your schedule. Most bonds are approved and issued within the same day the application is completed.
Find your specific utility company below and apply for your surety bond today. If you dont see the specific utility company, you can use our generic Utility Deposit Bond application.
| Utility Bond |
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| Chattanooga Electric Power Board Utility Deposit Bond |
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| City of Oak Ridge Utility Deposit Bond |
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| Clarksville Department of Electricity Utility Deposit Bond |
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| Columbia Power & Water Systems Utility Deposit Bond |
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| EPB Electric Power Utility Deposit Bond |
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| Gallatin Department of Electricity Utility Deposit Bond |
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| Knoxville Utilities Board Utility Deposit Bond |
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| Lenoir City Utilities Board Utility Deposit Bond |
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| Memphis Light, Gas and Water Division Utility Deposit Bond |
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| Middle Tennessee Electric (MTEMC) Utility Deposit Bond |
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| Murfreesboro Electric Utility Deposit Bond |
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| Nashville Electric Services Utility Deposit Bond |
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| Pickwick Electric Cooperative Utility Deposit Bond |
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| Piedmont Gas Utility Deposit Bond |
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| Sevier County Electric System Utility Deposit Bond |
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| Tullahoma Utilities Board Utility Deposit Bond |
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| Volunteer Energy Cooperative Utility Deposit Bond |
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| Duck River Electric Membership Corporation (DREMC) Utility Deposit Bond |
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| City of Cookeville Electric Department Utility Deposit Bond |
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| Clinton Utilities Board Utility Deposit Bond |
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| Coffman Oil Company Utility Deposit Bond |
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| Jackson Energy Authority Utility Deposit Bond |
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| Johnson City Power Board Utility Deposit Bond |
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