This bond is required for contractors who need to perform work that affects public utilities or roads in Rhode Island. Before you can get permits to dig, install, or repair utilities like water lines, gas pipes, or electrical systems near state roadways, you must have this bond. It protects the Rhode Island Department…
Overview
What it is.
This bond is required for contractors who need to perform work that affects public utilities or roads in Rhode Island. Before you can get permits to dig, install, or repair utilities like water lines, gas pipes, or electrical systems near state roadways, you must have this bond. It protects the Rhode Island Department…
Who usually needs it
Underground utility contractors in Rhode Island who are seeking to obtain an Underground Utility License from the State of Rhode Island must purchase and maintain this $20,000 surety bond as required under Rhode Island General Law 5-65.3-3.
Pricing & timing
What to expect.
Generic pricing
Permit bonds are required for specific activities, construction projects, or business operations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger permit bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Many common permit bonds qualify for instant approval with no underwriting required. Requirements vary by j…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateRIBond amountVaries by license type or projectObligeeState of Rhode Island, Dept of TransportationBond classPermit BondCategoryOtherBondContractor's Utility Permit Blanket BondPlain descriptionThis bond is required for contractors who need to perform work that affects public utilities or roads in Rhode Island. Before you can get permits to dig, install, or repair utilities like water lines, gas pipes, or elec…Who needs this bondUnderground utility contractors in Rhode Island who are seeking to obtain an Underground Utility License from the State of Rhode Island must purchase and maintain this $20,000 surety bond as required under Rhode Island …
