The Florida Tampa Electric Company (TECO) utility payment bond is sometimes required as an alternative to putting down a cash deposit. There are two different bonds, one for the gas utilities. The other is for electric utilities. The bond ensures that applicants will pay all utility bills on time and sometimes a lower cost alternative to putting down a cash deposit for utilities. The required bond amount varies.
To obtain a quote for a TECO Utility Payment Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.