Rhode Island Salvage Yards are required under the Commercial Licensing Regulation 6, section 5-A-2 to file a Rhode Island Salvage Yard Bond as a condition of licensure.
Bonds Express offers a Rhode Island Salvage Yard Bond with a 99% approval rate.
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 Salvage Yard Bond holds you accountable for your business decisions.
By possessing a Rhode Island Salvage Yard Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.