Tennessee Highway Right of Way Utility Permit Contractors needing a Highway Entrance are required by the Tennessee Department of Transportation, Bureau of Highways to file a Tennessee Right of Way Utility Permit 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 Right of Way Utility Permit Bond holds you accountable for your business decisions.
By possessing a Tennessee Right of Way Utility Permit Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.