RHODE ISLAND SURETY BONDS

DETERMINING YOUR RHODE ISLAND BOND TYPE

Looking for fast and easy bonding solutions in Rhode Island? American Surety Bonds offers a wide range of Rhode Island surety bonds that can help you meet your bonding requirements quickly and efficiently. Our bonding experts will guide you through the entire process, making sure you get the right bond for your needs. From construction bonds to license and permit bonds, we have you covered. With our streamlined application process and competitive rates, getting bonded in Rhode Island has never been easier. Contact us today to learn more about our Rhode Island surety bonds and how we can help you secure the bonding you need.

An Administrator Bond is a type of surety bond required for individuals appointed as administrators of estates. It guarantees that the administrator will perform their duties in accordance with state laws and regulations, faithfully manage the assets of the estate, and pay any debts or taxes owed by the estate.

An Airline Reporting Corporation (ARC) Bond is a type of surety bond required by the Airlines Reporting Corporation for travel agencies that wish to issue airline tickets on behalf of airlines. It guarantees that the agency will adhere to ARC’s rules and regulations, accurately report and pay for all tickets issued, and protect the interests of the airlines.

An Appeal/Supersedeas Bond is a type of surety bond that allows a judgment debtor to stay enforcement of a judgment while an appeal is pending. It guarantees payment of the judgment and associated costs if the appeal is unsuccessful. The bond protects the judgment creditor and ensures that they are not left empty-handed if the appeal fails.

A Bid Bond is a type of surety bond that guarantees that a bidder will enter into a contract if they are awarded the bid. It provides financial protection to the project owner if the bidder fails to honor their bid or withdraws from the bidding process. The bond ensures that the owner will be compensated for any costs associated with finding a replacement bidder.

A Rhode Island Certificate of Title Bond is a surety bond required by the state’s Division of Motor Vehicles to obtain a certificate of title for a vehicle when proof of ownership is lacking. It protects the DMV and any rightful owners against financial loss in case of disputes or fraudulent claims regarding the vehicle’s ownership.

A Rhode Island Check Casher License Bond is a surety bond required by the state’s Department of Business Regulation for businesses engaged in check cashing services. It provides financial protection to customers and the state, ensuring compliance with relevant laws and regulations, and covering any potential damages or losses resulting from fraudulent activities or violations of licensing requirements.

A Rhode Island Cigarette & Tobacco Tax Bond is a type of surety bond required by the state’s Division of Taxation for businesses involved in the sale and distribution of cigarettes and tobacco products. It guarantees payment of applicable taxes and fees, ensuring compliance with tax regulations and covering any potential financial losses incurred by the state due to non-payment or violations.

A Conservator/Guardian of a Minor Bond is a type of surety bond required for individuals appointed as conservators or guardians of minors. It guarantees that the appointed person will manage the minor’s estate responsibly, comply with state laws and regulations, and act in the best interest of the minor. The bond protects the minor’s assets and interests.

A Conservator/Guardian of an Incapacitated Adult Bond is a type of surety bond required for individuals appointed as conservators or guardians of adults who are unable to manage their affairs due to incapacity. It guarantees that the appointed person will manage the adult’s estate responsibly, comply with state laws and regulations, and act in the best interest of the adult. The bond protects the adult’s assets and interests.

A Rhode Island Contractor License & Permit Bond is a type of surety bond required for contractors to obtain a license or permit to operate in Rhode Island. It guarantees that the contractor will comply with all state laws and regulations, pay subcontractors and suppliers, and complete the project according to the contract. The bond protects the state, project owner, and subcontractors.

A Rhode Island Currency Transmitter Bond is a type of surety bond required by the state’s Department of Business Regulation for businesses involved in transmitting or exchanging currency. It provides financial protection to customers and the state, guaranteeing the lawful handling of funds and safeguarding against potential fraud, mismanagement, or non-compliance with applicable laws and regulations.

A Rhode Island Debt Collector Bond is a surety bond required by the state’s Department of Business Regulation for individuals or businesses engaged in debt collection activities. It serves as a financial guarantee that the debt collector will adhere to state laws and regulations, protecting consumers from unlawful or unethical practices and providing recourse in case of damages or violations.

A Rhode Island Debt Management Services Bond is a type of surety bond required by the state’s Department of Business Regulation for entities providing debt management services. It guarantees compliance with state regulations, protecting clients from fraudulent activities, mismanagement of funds, or failure to fulfill obligations. The bond provides financial recourse in case of damages or violations.

A Dishonesty/Business Services Bond is a type of surety bond that protects businesses from financial losses resulting from fraudulent or dishonest acts committed by employees. The bond guarantees that the employer will be compensated for any losses resulting from employee theft or fraud. The bond provides financial security to businesses and protects against employee misconduct.

A DMEPOS Bond is a type of surety bond required for suppliers of durable medical equipment, prosthetics, orthotics, and supplies to Medicare beneficiaries. It guarantees that the supplier will comply with all Medicare rules and regulations, bill accurately, and repay any overpayments. The bond protects Medicare and ensures that suppliers follow all applicable laws and regulations.

A DOT Right-of-Way Bond is a type of surety bond required by the Department of Transportation (DOT) to provide financial security for the acquisition of property for public transportation projects. It guarantees that the acquiring agency will compensate property owners for any damages, including fair market value and relocation costs. The bond protects property owners from financial losses resulting from DOT acquisitions.

An Environmental Bond is a type of surety bond required for businesses engaged in environmentally sensitive operations, such as waste management, hazardous material handling, or pollution control. It guarantees that the business will comply with all applicable environmental laws and regulations, maintain and restore the environment, and pay for any damages resulting from environmental harm caused by their operations. The bond protects the public and the environment.

An ERISA Bond is a type of surety bond required for businesses that manage employee benefit plans regulated under the Employee Retirement Income Security Act (ERISA). It guarantees that the plan fiduciary will act in accordance with ERISA regulations, manage the plan in the best interest of its participants, and protect the plan’s assets from loss due to fraudulent or dishonest acts. The bond protects plan participants from financial loss resulting from fiduciary misconduct.

A Fast Track Bond is a generic term that refers to bid bonds, supply bonds, maintenance bonds and payment & performance bonds are underwritten using the Fast Track application process. The Fast Track application process is for bids and contracts under $250,000 and relies heavily on the owner’s personal credit history.

A Rhode Island Health Club Bond is a type of surety bond required by the state’s Department of Business Regulation for health clubs and fitness centers. It offers financial protection to members by ensuring the club’s compliance with applicable laws and regulations, safeguarding against mismanagement, fraud, or sudden closure, and providing reimbursement in case of financial loss.

A Rhode Island License & Permit Bond is a type of surety bond required by the state of Rhode Island for businesses and professionals to obtain various licenses and permits. This bond guarantees that the bonded party will comply with all relevant laws and regulations, and pay any fines or damages resulting from non-compliance.

A Rhode Island Loan Broker Bond is a type of surety bond required by the state’s Department of Business Regulation for loan brokers. It serves as a financial guarantee that the broker will operate ethically and in compliance with state laws, protecting borrowers from fraudulent practices and providing recourse in case of damages or violations.

A Lost Instrument Bond is a type of surety bond required to replace a financial instrument that has been lost, stolen, or destroyed. It guarantees that the bondholder will indemnify the issuer against any loss or damage resulting from the replacement of the lost instrument. The bond protects the issuer from financial loss.

A Maintenance Bond is a type of surety bond that guarantees the quality of work performed by a contractor or builder. It ensures that the work will be free from defects for a specified period of time after completion, typically one or two years. If defects are discovered during this period, the bondholder can make a claim against the bond for the cost of repairs. The bond protects the owner from financial loss.

A Rhode Island Mortgage Lender Bond is a surety bond required by the state’s Department of Business Regulation for mortgage lenders. It provides financial protection to borrowers and the state, ensuring that the lender adheres to applicable laws and regulations while handling mortgage transactions. The bond serves as a safeguard against fraud, non-compliance, and potential financial losses.

A Rhode Island Motor Fuel Distributor Bond is a type of surety bond required by the state’s Division of Taxation for businesses involved in the distribution of motor fuels. It guarantees payment of applicable taxes, fees, and penalties, ensuring compliance with state regulations and protecting against potential financial losses incurred by the state due to non-payment or violations.

A Rhode Island Motor Vehicle Dealer Bond is a surety bond required by the state’s Division of Motor Vehicles for individuals or businesses engaged in selling or leasing motor vehicles. It provides financial protection to customers and the state, ensuring compliance with licensing requirements, protecting against fraud, and covering any potential damages or losses resulting from unlawful activities or violations.

A Payment and Performance Bond is a type of surety bond that guarantees a contractor’s ability to perform a construction contract and pay subcontractors, laborers, and suppliers. The bond is issued to the owner of the project and protects them in the event that the contractor fails to fulfill their obligations. If the contractor defaults, the bondholder can make a claim against the bond for the cost of completion or payment of subcontractors.

A Rhode Island Private Detective Bond is a surety bond required by the state’s Department of Business Regulation for private detective agencies. It provides financial protection to clients and the state, ensuring that the agency operates within the bounds of the law and adheres to licensing requirements, safeguarding against fraud, misconduct, or violations.

A Probate Bond is a type of court bond that is required when someone is appointed as the executor or administrator of an estate. The bond ensures that the executor or administrator will manage the estate’s assets honestly and responsibly, pay all debts and taxes owed by the estate, and distribute the remaining assets to the heirs according to the terms of the will or the law. The bond protects the beneficiaries of the estate from any mismanagement or misconduct.

A Rhode Island Professional Fundraiser Bond is a type of surety bond required by the state’s Department of Business Regulation for individuals or organizations engaged in professional fundraising activities. It serves as a financial guarantee that the fundraiser will operate ethically, comply with state laws, and protect donors from fraudulent practices, providing recourse in case of damages or violations.

A Rhode Island Proprietary School Bond is a surety bond required by the state’s Office of the Postsecondary Commissioner for proprietary schools. It provides financial protection to students and the state, ensuring compliance with education regulations, safeguarding against fraud or closure, and covering any potential financial losses resulting from non-compliance or misconduct by the school.

A Release of Lien Bond is a type of surety bond that guarantees payment of a mechanic’s lien. It allows a property owner to have a lien released from their property before payment is made, with the bond acting as a form of collateral in the event that the lien is later found to be valid. The bond ensures that the property owner is protected from financial loss if the lien is successfully challenged in court.

A Replevin Bond is a type of surety bond that guarantees the return of property to its rightful owner. The bond is typically required when a person seeks a court order to seize property that is believed to belong to them but is currently being held by someone else. If the court orders the return of the property, the bond ensures that the person holding the property is compensated if the order is later found to be invalid.

A Rhode Island Small Loan Lender Bond is a type of surety bond required by the state’s Department of Business Regulation for small loan lenders. It serves as a financial guarantee that the lender will operate in accordance with state laws, protecting borrowers from fraudulent practices and providing recourse in case of damages or violations.

A Special Needs Trust Bond is a type of court bond required for the appointment of a trustee to manage a special needs trust. This bond ensures that the trustee will handle the trust assets in accordance with the law and the terms of the trust and protect the interests of the beneficiaries.

A Supply Bond is a contract performance bond that guarantees that a supplier will provide the goods or materials as agreed upon in the contract. It provides assurance to the project owner that the supplier will deliver the goods in a timely and satisfactory manner. In the event that the supplier fails to deliver, the bond amount may be used to compensate the project owner for any resulting losses or expenses.

A Rhode Island Surplus Lines Broker Bond is a surety bond required by the state’s Department of Business Regulation for individuals or businesses engaged in surplus lines insurance brokering. It guarantees compliance with state laws and regulations, ensuring ethical practices, protecting clients from fraudulent activities, and providing financial recourse in case of damages or violations.

A Rhode Island Third Party Loan Servicer Bond is a type of surety bond required by the state’s Department of Business Regulation for third-party loan servicing companies. It provides financial protection to borrowers and the state, ensuring compliance with applicable laws and regulations, safeguarding against fraud or mishandling of loan funds, and offering recourse in case of damages or violations.

TTB (Alcohol and Tobacco Tax and Trade Bureau) Bonds are required by the federal government for businesses that manufacture, import, export, or deal in alcohol, tobacco, and firearms. These bonds guarantee that the business will comply with all relevant regulations and pay all taxes and fees owed to the government.

A Rhode Island Utility Bond is a type of surety bond that is required of companies that provide utility services to residents and businesses in the state of Rhode Island. The bond guarantees that the utility company will comply with all applicable state and federal regulations and will provide reliable and safe services to its customers.