Tennessee Probationary Services Providers are required under the Tennessee Codes Annotated section 40-35-302 to file a Tennessee Probationary Services Provider Performance Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Tennessee Probationary Services Provider Performance Bond holds you accountable for your business decisions.
By possessing a Tennessee Probationary Services Provider Performance Bond you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.