Rhode Island – Cumberland Drain Layer Bond
AmeriPro Surety Bonds | 844-589-9732
Cumberland, Rhode Island – Contractors
Drain layers and plumbers who are contracted to work anywhere in Cumberland, Rhode Island, must file a $5000 surety bond.
Additionally, drain layers and plumbers must have a public/liability insurance policy of $50,000/$100,000; and a property damage liability of $50,000/$100,000.
Our agency is a surety bonds-only agency. Meeting the surety bond requirement will be the easiest, quickest (and likely, least expensive) part of your licensing process.
Qualifying and the Premium
The $5000 Cumberland drain layer bond will cost you just $100 annually. There is no credit inquiry involved in this bond’s purchase.
When you call us, we’ll ask you the basics: The name, exactly as it should appear on your surety bond, along with your mailing address, email, and phone number.
We may also ask you for the address where you will send your Cumberland bond, to include it on the application.
Upon payment of your premium, the bond is issued to you immediately. You’ll then want to file the bond with the appropriate department upon receipt in the mail.
Premium Prepayment Options
At $100 premium, your drain layer surety bond is issued for a period of one year and renews on the anniversary of its issuance.
Our agency also offers you the option to prepay your bond up to 3 years. Prepayment of your premium saves you over annual renewals and lengthens the time between renewals.
The premium prepayment amount and savings are as follows:
- If prepaid for 2 years, the premium is $180, a $20 savings;
- If prepaid for 3 years, the premium is $260, a $40 savings.
Purpose Of Your Surety Bond Requirement
The purpose of your bond is requirement is simple enough: It’s a financial guarantee that the work you perform will be satisfactory.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide surety bonds throughout Rhode Island and nationwide.
Please call our agency today at:
Or, you may fill out the form below and an agent will contact you…