Erwin Utilities deposit bonds.
From $100. Enter your amount.
Erwin Utilities, the municipal electric and water system serving Erwin and Unicoi County, requires non-residential customers to post a deposit before connecting electric service — sized at two months' estimated average bill — and its own policy accepts a cash security deposit, surety bond, or irrevocable letter of credit to satisfy it. Pricing on the bond is 2% of the bond amount, $100 minimum, so your exact price appears at the application.
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Apply to filed in one sitting.
No long underwriting queue for the standard utility deposit bond — enter your amount, pay, and deliver to Erwin Utilities. Here is the whole thing:
Apply online
Your business details, the deposit amount Erwin Utilities set for your electric account, and the effective date — that is the entire application.
Issued on the spot
The application collects no credit information, and most applicants issue instantly. Larger amounts may get a quick review.
Deliver to Erwin Utilities
Submit the executed bond to Erwin Utilities to connect or maintain your electric service in place of leaving the deposit in cash. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually does
Erwin Utilities is the municipal electric and water system serving the Town of Erwin and Unicoi County, Tennessee. Under its non-residential deposit policy, a business or commercial customer opening electric service posts a security deposit sized at two months' estimated average bill — and the utility accepts a cash security deposit, surety bond, or irrevocable letter of credit from an approved financial institution to satisfy that requirement.
The bond is a guarantee to Erwin Utilities that your electric charges will be paid. If the account goes unpaid and service is disconnected, the utility applies the deposit — cash or bonded — to the unpaid balance. Using a bond instead of cash frees up your working capital: you pay a small premium rather than tying up the full deposit amount for the life of the account.
It is not insurance for you — if the surety pays Erwin Utilities on a claim, you repay the surety. Enter the deposit figure the utility set for your account and your exact price appears at the application, from a $100 minimum, with no credit information collected.
You need this bond if you are
One application, issued on the spot.
Submit the application with the deposit amount Erwin Utilities set — the executed bond is generated instantly, ready to deliver.
Start the application →Common questions.
Other Tennessee bonds.
Erwin Utilities deposit bond, issued today.
Pricing from $100. Enter the deposit Erwin Utilities set and deliver it the same day.