Rhode Island Employee Leasing Company Bond
AmeriPro Surety Bonds | 844-589-9732
Licensing of Rhode Island Employment Agencies
Employment agencies, temporary agencies, employee leasing, and temporary help companies in Rhode Island are regulated by the state’s Department of Administration, Division of Taxation.
A condition of licensing in Rhode Island is that you furnish evidence of a $50,000 surety bond. Our agency offers this bond for your compliance.
Qualifying and the Premium
You are automatically approved for the $50,000 Rhode Island employee leasing company bond because our agency offers it to you without an underwriter review and without a credit inquiry.
The premium will cost you just $500 annually.
This is what will happen: When you call us, we’ll ask you the basics: The exact name as it should appear on your surety bond, and your contact information, which includes your address, email, and phone number.
- If your employment agency is an LLC or a Partnership, we’ll ask you for the state of incorporation;
- If your agency is a DBA, we’ll ask its name;
- We’ll also ask your name and title (i.e. CEO, President, etc.) as it should appear on your bond.
Once the premium of $500 is paid, the bond along with a Power of Attorney (POA) form are issued to you immediately.
Upon receipt in the mail, you’ll sign your surety bond as Principal, have it witnessed by 2 persons, and have it notarized.
You will then need to file your employment agency surety bond and POA form to:
State of Rhode Island and Providence Plantations
Dept. of Admin., Div. Of Taxation
One Capital Hill
Providence, RI 02908
Prepayment of Premium Option
At $500, your employee leasing company bond is issued for one year, and will renew on the anniversary of its issuance.
Our agency also offers you the option to prepay your surety bond up to 3 years, thereby offering you a savings over year to year renewals. The premium prepayment options and savings are as follows:
- If prepaid for 2 years, the premium is $900, a $100 savings;
- If prepaid for 3 years, the premium is $1300, a $200 savings.
Purpose of Your Surety Bond Requirement
This surety bond is required in conformity with Section 44-30-71.4, and is a financial guarantee that your company will pay all taxes, penalties, and interest as described by statute.
AmeriPro Surety Bonds provides employment agency surety bonds where required nationwide.
Our agency is also a provider of license and permit, court, and probate bonds in all 50 states.
Please call us today at:
Or, you may fill out the form below and an agent will contact you…