Union City utility deposit bonds.
From $100.
When the Union City Energy Authority asks a commercial or industrial customer for a utility service deposit, you can post a surety bond in lieu of cash. The Authority sets the amount; the premium is 2% of the bond amount, $100 minimum, and your exact price appears at the application. Keeps your working capital instead of leaving it on deposit.
Trusted by industry leaders
How much does a Union City utility deposit bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard utility deposit bond — enter your amount, pay, and file with the Authority. Here is the whole thing:
Apply online
Your business details, the deposit amount the Authority required, and the effective date — that is the application.
Issued on the spot
No credit check up to $15,000. Above $15,000, a soft pull may add a short review.
File with the Union City Energy Authority
Submit the executed bond to the Authority in place of the cash deposit. Wet-ink originals mailed whenever the Authority insists on them.
What it is and who needs it.
What the utility deposit bond actually does
The Union City Energy Authority is the municipal utility serving Union City, Tennessee. Like most utilities, it can require a service deposit from commercial, industrial, or higher-risk customers as security against unpaid utility bills.
Rather than leave that cash on deposit, you can post a surety bond for the same amount. The bond guarantees the Authority that your bills will be paid — if you default, the Authority can recover the unpaid balance against the bond, up to the penal sum.
It is not insurance for you — if the surety pays the Authority, you repay the surety. The advantage is cash flow: you pay a premium from $100 instead of tying up the full deposit. Enter the figure the Authority set — no credit check up to $15,000, and most applications approve instantly.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the Union City Energy Authority. Submit the executed bond to the Authority in place of the cash deposit. Wet-ink originals mailed whenever the Authority insists on them.
What sets the price
The premium is 2% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $15,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with the deposit amount the Authority set — the executed bond is generated instantly, ready to file in place of cash.
Start the application →Common questions.
Other Tennessee bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Utility deposit bond, issued today.
Premium is 2% of the bond amount, $100 minimum. Enter the amount the Authority required and file the same day.