Those engaged as Private Investigators in the State of Rhode Island are required to execute a Rhode Island Detective Bond in the amount of $5,000 to ensure compliance with Section 5-5-14 of the Rhode Island General Laws.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Rhode Island Detective Bond holds you accountable for your business decisions.
By possessing a Rhode Island Detective Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.