Colorado Surety Bonds are three party agreement between the applicant (principal), surety bond company (surety) and the obligee (often the state of Colorado). Colorado has many surety bond requirements including for many state issued licenses, court filings, probate proceedings, notaries and public construction projects.
The cost of a Colorado surety bond depends on the type of obligation being guaranteed. Most applicants will pay between 1% - 3% for Colorado Surety Bonds.
Most license and permit bonds will cost 1% or less per year. Colorado contract bonds may cost 0.5% - 3%, depending on the qualifications of the applicant.
There are many licensed surety bond companies and bond brokers in Colorado. A broker needs to have a Colorado property and casualty license to sell surety bonds in the state. While many brokers have such licenses, customer should pick those that specialize in surety bonds.
Axcess Surety works with many of the largest bond companies in the country to get Colorado customers the best terms and conditions. We also have one of the largest selections of online Colorado surety bonds so that applicants can purchase Colorado bonds online.