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Rhode Island
Sale of Business and Business Broker Bond

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Coverage Amount: $20,000
Term Length: 1 year
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Rhode Island Business Broker Bond Guide

If you’re applying for a business broker license in Rhode Island, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To ensure business sales brokers operate honestly and ethically
  • Who Needs It: Business brokers selling businesses in Rhode Island
  • Regulating Body: The Rhode Island Department of Business Regulation
  • Required Coverage: $20,000
  • Premium Rate: $200–$2,000, credit-based

Learn all about the bond requirements and process in this guide.

What Is a Rhode Island Business Broker Bond?

A Rhode Island business broker bond protects clients if there is any misconduct involved in the sale of a business. 

The Department of Business Regulation requires this bond as part of the licensing process for business brokers in Rhode Island.

How Much Do Business Broker Bonds Cost?

Rhode Island sale of business and business broker bonds cost a small percentage of the $20,000 coverage amount, typically $200–$2,000.


Exact rates vary based on personal credit score. Apply for your free quote now!

Bond Type
$20,000Sale of Business and Business Broker Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a Rhode Island business broker bond. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll email you the bond shortly after purchase. Be sure to file it with the state as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a Rhode Island Business Broker Bond Work? 

A sale of business and business broker bond creates a legal contract between these three parties: 

  1. Principal: You, the business broker filing the bond
  2. Obligee: The Rhode Island Department of Business Regulation requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of Chapter 14, Section 12 of the General Laws of Rhode Island. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your business broker bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

More Resources

Call 1 (800) 308-4358 to talk with a Surety Expert

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