Coventry street excavation bond.
From $100.
The Town of Coventry requires a street and sidewalk excavation bond before you cut, open, or trench a town road or sidewalk. It guarantees you restore the pavement to town standards after the work. The premium is 0.5% of the bond amount, with a $100 minimum — enter your amount and see your exact price in the application.
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How much does a Coventry street excavation bond cost?
0.5% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard Coventry excavation bond — enter your amount, pay, and file with the town. Here is the whole thing:
Apply online
Your business details, the bond amount the town required, and the effective date — that is the application.
Issued on the spot
No credit check up to $100,000.
File with the Town of Coventry
Submit the executed bond with your street-opening permit to the town. Wet-ink originals mailed whenever the town insists on them.
What it is and who needs it.
What the Coventry excavation bond covers
The Town of Coventry conditions any street or sidewalk opening on a surety bond filed with the town. The bond guarantees that a contractor who cuts or trenches a public road backfills, repaves, and restores the surface to town standards once the work is done.
It is a three-party arrangement: you (the principal), the surety carrier standing behind you, and the Town of Coventry (the obligee). If a trench settles or the pavement is left unrestored, the town can recover its repair costs against the bond.
It is not insurance for you — if the surety pays the town, you repay the surety. Contractors who restore the road treat the bond as a permit formality. The premium is 0.5% of the bond amount, with a $100 minimum, and no credit check up to $100,000.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the Town of Coventry. Submit the executed bond with your street-opening permit to the town. Wet-ink originals mailed whenever the town insists on them.
What sets the price
The premium is 0.5% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $100,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with the bond amount the Town of Coventry set — the executed bond is generated instantly, ready to file.
Start the application →Common questions.
Other Rhode Island bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Coventry excavation bond, issued today.
Pricing from $100. Enter the amount the town required and file the same day.