Heat half of the oil in a large non-stick skillet over medium-high heat. Add the sausage slices and cook for a few minutes on each side, until brown (about 5 to 8 minutes total). Remove from heat onto a plate, blot with paper towels to remove any excess oil, and set aside.
In the meantime, in a non-stick pan or skillet, heat the remaining oil over medium-high heat. Sauté the bell peppers, onion, basil, and garlic. Season with salt and pepper, and cook until the onion begins to soften and brown (about 3 minutes). Add the rice; stirring to coat the rice for about 30 seconds. Add the chicken broth and tomatoes in their juices, stirring well. Cover with a lid and simmer on low heat until the rice is cooked through and tender.
Stir in the reserved sausage slices until evenly distributed, then re-cover the skillet and remove from the heat. Let stand for 5 minutes, until most of the remaining liquid is absorbed and the rice is tender. Garnish with parsley and serve with bread.