Surety Bonds for Licenses and Contracts
Fast and easy surety bonds for your business
Tate Insurance Group helps businesses secure the surety bonds they need to open doors, win bids, and meet state or contract requirements. From contractor license bonds in Knoxville to auto dealer and notary bonds across the state, we streamline paperwork and deliver proof of bonding quickly.
Types of bonds we offer
License and permit bonds for contractors, auto dealers, freight brokers, and notaries. Contract bonds such as bid, performance, and payment bonds to back your commitments on public and private jobs. Commercial bonds that support service obligations. If your project also requires insurance, we can coordinate with your broader business insurance program so certificates and bonds align.
Our bonding process
We confirm the required bond amount, complete the application, and provide same-day approvals on many smaller bonds. Larger contract bonds may require financials and work-in-progress schedules. Our Knoxville team shops multiple sureties for competitive rates and terms, then issues the bond with the exact wording your obligee requires.
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Common Questions About Surety Bond
What is a surety bond and do I need one?
A bond guarantees to an obligee that you will meet a legal or contractual obligation. Many Tennessee licenses and construction contracts require one.
How much does a bond cost?
Pricing is a percentage of the bond amount. Small license bonds can be inexpensive, while large performance bonds are underwritten based on credit and financials.
Can Tate issue bonds quickly?
Yes. Many license and permit bonds are approved the same day. Contract bonds move fast once underwriting has what it needs.
What if my credit is not perfect?
We work with sureties that offer options for varied credit profiles. Collateral or additional documentation may be needed for higher risks.
Do I also need insurance with my bond?
Often yes. Contracts may call for general liability or other coverages in addition to the bond. We can place both and coordinate requirements.
