Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your Colorado surety bond needs.
Continue reading below to learn more about common Colorado bonding requirements, or use our online form to request a quote now.
Required Surety Bonds in Colorado
Typical Colorado bonds include (click on any for more info):
| Surety Bond | Obligee | Bond Amount | |
|---|---|---|---|
| Alcohol Bonds | Various State Entities | Varies | Apply Now |
| Appeal Bonds | Various Appellate Courts | Varies | Apply Now |
| Attachment Bonds | Various Courts | Varies | Apply Now |
| Auto Dealer Bonds | CO Department of Revenue | $50,000 | Apply Now |
| Bid Bonds | Project Owner or GC requiring bonds | Varies | Apply Now |
| Construction Bonds | Project Owner or GC requiring bonds | Varies | Apply Now |
| Contractor License Bonds | Various State/Municipal Entities | Varies | Apply Now |
| Court Bonds | Various Courts | Varies | Apply Now |
| Cryptocurrency Bonds | Various State Entities | Varies | Apply Now |
| DMEPOS Bonds | Centers for Medicare and Medicaid Services (CMS) | $50,000 | Apply Now |
| Encroachment Bonds | Various State Highway Department | Varies | Apply Now |
| ERISA Bonds | Fund Beneficiaries | Often ~ $1,000,000 but may vary | Apply Now |
| Express Script Bonds | Express Scripts (required on a federal level) | $500,000 | Apply Now |
| Fidelity Bonds | Employer | Varies | Apply Now |
| Freight Broker Bonds (BMC-84 Bonds) | Federal Motor Carrier Safety Administration (FMCSA) | $75,000 | Apply Now |
| Health Club Bonds | The State in which the Health Club operates | $50,000 | Apply Now |
| Janitorial/Cleaning Service Bonds | Varies | Varies | Apply Now |
| License & Permit Bonds | Varies | Varies | Apply Now |
| Lost Instrument Bonds | Issuer of Replacement Cert. / Transfer Agent | Varies | Apply Now |
| Lottery Bonds | Various Lottery Commissions | Varies | Apply Now |
| Maintenance Bonds | Project Owner or Municipality | Varies | Apply Now |
| Marijuana Bonds | CO Dept. of Revenue, MJ Enforcement Division | $5,000 | Apply Now |
| Mechanic's Lien Bonds | Typically the Local/State Registry of Deeds | Varies | Apply Now |
| Money Transmitter Bonds | Various State Entities | Varies by State | Apply Now |
| Mortgage Broker Bonds | Colorado Department of Regulatory Agencies | Varies | Apply Now |
| Notary Public Bonds | Various Secretary of States | $500 - $25,000 | Apply Now |
| Paid Family Medical Leave (PFML) Bonds | Various State Entities | Varies | Apply Now |
| Performance & Payment Bonds | Project Owner or GC requiring bonds | Varies | Apply Now |
| Probate & Fiduciary Bonds | Various Courts | Varies | Apply Now |
| Reclamation Bonds | Various Government Entities | Varies | Apply Now |
| Solar Decommissioning Bonds | Typically Town/City/State | Varies | Apply Now |
| Subdivision/Site Improvement Bonds | Various Municipal Entities | Varies | Apply Now |
| Supply Bonds | Project Owner or GC requiring bonds | Varies | Apply Now |
| Title Bonds | State's DMV | Varies | Apply Now |
| Tobacco Bonds | Various State Entities | Varies | Apply Now |
| Utility Bonds | Utility Company | Varies | Apply Now |
Don’t see the bond you need listed? Get in touch and let our experts help!
Required Surety Bonds in Colorado
There are three broad categories of surety bonds in Colorado—construction and contractor bonds, license and permit bonds, and court bonds.
Colorado Construction & Contractor Bonds
Although there is no statewide licensing of contractors in Colorado, the state and certain municipalities require contract bonds for contractors involved in public works projects. The most commonly required contractor bonds are bid bonds and performance bonds, though others might also be required, such as payment bonds and maintenance bonds.
Colorado License Bonds
Obtaining a surety bond is a prerequisite for getting a license to operate in a certain professional capacity in Colorado, such as a mortgage broker or motor vehicle dealer. Although there is no state licensing for contractors, local contractor license and permit bonds are required in some municipalities such as Denver, Colorado Springs, Aurora, Englewood, and a few other locations.
Colorado Court Bonds
Colorado court bonds generally fall into one of two categories: appeal bonds and probate bonds. Appeal bonds are required from people appealing a court decision, especially when contested assets are involved. Probate bonds are required from people named to serve in a fiduciary capacity, such as the executor of an estate or guardian of a minor.
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You can count on our experienced surety professionals to answer any questions and get you a competitive rate on the Colorado contract bond, license bond, or court bond you need. Apply now!
Frequently Asked Questions
There are three parties to every surety bond agreement, which is a legally binding contract:
- The “obligee” is the state or local agency requiring the surety bond.
- The “principal” is the party required to purchase the bond.
- The “surety” is the company underwriting and issuing the bond.
- The obligee sets the required amount of the bond, which is the maximum amount that will be paid out on a claim. The obligee also spells out the conduct required of the principal in order to avoid claims against the surety bond.
Any party who suffers a financial loss because the principal has violated the terms of the bond has the right to file a claim against the bond. The principal is solely responsible for paying all valid claims.
However, the surety will often pay a claim and wait to be reimbursed by the principal. This ensures timely settlement of the claim and gives the principal some time to gather the necessary funds.