Rhode Island Health Club Bond |
AmeriPro Surety Bonds | 844-589-9732
Health Club Licensing – Rhode Island
Health clubs in Rhode Island are licensed and regulated by the state’s Attorney General office. The state provides a list of registered health clubs. You are required to obtain a surety bond that is in accordance with the number of square feet of your health club facility.
The breakdown is currently as follows:
- $10,000 surety bond for a facility with less than 10,000 square feet;
- $20,000 surety bond for a facility with between 10,000 to 25,000 square feet;
- $30,000 surety bond for a facility with greater than 25,000 square feet.
The square footage is computed by “…permanently covered, non-court sport exercise/aerobic/fitness area…”
Qualifying and the Premium
Qualifying for the Rhode Island health club bond is by completion of a short surety bond application – which we’ll being with you over the phone — but which will also require your signature and that of a witness. We’ll also ask you the type of license or permit for which you are applying.
Thereafter, your application is reviewed by an underwriter. The review includes a business or personal credit inquiry.
Approval is based on good credit, and the rate is just 1% of the amount surety bond required.
Upon payment of the premium, our agency issues this bond to you immediately. Your bond, along with a Power of Attorney form and other related documents will be sent to you.
Upon receipt, you’ll sign your bond as Principal before filing it to:
Office of the Attorney General
4 Howard Avenue
Cranston, Rhode Island 02920
Phone Number: 401-274-4400 – TDD 401-453-0410
Premium Prepayment Options
The Rhode Island health club bond, as issued, is active for one year. Thereafter, your premium renews. The option also exists to prepay your bond, of whatever amount, for 3 years.
Prepayment of the premium allows you a savings versus renewing annually. The premium prepayment option and savings are as follows:
— $10,000 surety bond amount —
- If prepaid for 2 years, $180, a $20 savings;
- If prepaid for 3 years, $260, a $40 savings.
—$20,000 surety bond amount —
- If prepaid for 2 years, $360, a $40 savings;
- If prepaid for 3 years, $520, an $80 savings.
—$30,000 surety bond amount —
- If prepaid for 2 years, $540, a $60 savings;
- If prepaid for 3 years, $780, a $120 savings.
Purpose of Your Surety Bond Requirement
The purpose of your health club surety bond is to protect your customers and ensure your compliance with all laws regarding health club surety bonds. Chapter 5-50 of Rhode Island’s statutes provides the body of laws relating to health clubs.
AmeriPro Surety Bonds is a surety bonds-only agency which provides health club and spa surety bonds nationwide.
We are also a provider of license and permit bonds in all 50 states. Please call us today at:
Or, you may fill out the form below and an agent will contact you…