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Popular Surety Bonds in Rhode Island
Auto Dealer Bond
The Rhode Island Dealers’ License and Regulations Office requires auto dealers in the state to post a $50,000 bond to become licensed.
Auctioneer Bonds
To become an apprentice auctioneer, you must post a $2,000 bond. Auctioneers must post a $10,000 and renew it annually.
Private Detective Bond
Private detectives working in Rhode Island must post a $5,000 bond. This bond only costs $100 and can be issued instantly online.
Fundraiser Bond
To be a professional fundraiser who solicits on behalf of charitable organizations, you must post a $10,000 surety bond.
Small Loan Lender Bond
To obtain a license to operate as a small loan lender in the state, you must post one of the following bonds: a $10,000 bond for 1-3 offices; a $20,000 bond for 4-7 offices; a $35,000 bond for 8 or more offices.
Freight Broker Surety Bond
To become a freight broker or freight forwarder, you must post a $75,000 bond as part of the licensing process and renew it annually.
Find Your Rhode Island Surety Bond
Don’t see the bond you need?
Give us a call at (888) 435-4191 or use our generic form to start your application online. We’ll reach out soon!
How much does a surety bond cost?
The cost of a bond can vary based on a few factors, including the type of bond, the amount required, your credit score, and finances. Your bond premium will be a small percentage of the total bond amount – typically 1-10%.
Generally, the stronger your credit score, the lower your rate will be. However, we do not need to run your credit in some cases. We can issue some bonds instantly at a flat rate.
Rhode Island Surety Bond Requirements
Various businesses, contractors, and other professionals will need surety bonds to operate legally in Rhode Island. Many professions that require state, county, or city licenses to work or practice will also require surety bonds.
Here are some examples:
- You may need various construction bonds to work as a contractor.
- You may need a license or permit bond to operate a professional business.
- Or you may need a court bond to fulfill your duties as a fiduciary.
How to Get a Surety Bond in RI
We’ll help you find the bond you need, complete the application, and be off and running. Call us at (888) 435-4191 or email support@zipbonds.com. We also have Live Chat on our website during working hours. Reach out any time!
About ZipBonds.com
Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”
Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.