Rhode Island Alcoholic Beverage Wholesalers and Manufacturers are required under the General Laws of Rhode Island section 3-6-13 to file a Rhode Island Alcoholic Beverage Bond as a condition of licensure.
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 Alcoholic Beverage Wholesaler Bond holds you accountable for your business decisions.
By possessing a Rhode Island Alcoholic Beverage Wholesaler Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.