Colorado Fuel Distributor Surety Bond

The Colorado Fuel Distributor Bond is a type of surety bond required by the Colorado Department of Revenue. The total bond amount must be equal to three times the monthly tax liability, not to exceed $200,000.00. The minimum bond allowed for gasoline and/or Special fuel is $25,000,00. Aviation gasoline and aviation jet fuel is considered gasoline for bond purposes. The cost of the surety bond is usually between 1% and 3% of the bond amount. Surety1 will shop its many markets to procure the right price at the right terms.

How to Get a Colorado Fuel Distributor Bond 

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Colorado Fuel Distributor Bond will be shipped to the bond applicant.
^{1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.} 

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.

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What are the requirements in order to get a Fuel Distributors License in the state of Colorado?

According to the Colorado Department of Revenue, if you want to be a fuel distributor, supplier, importer, exporter, blender of fuel, carrier or terminal operator, you will need to be licensed.

The following requirements must be met:

1. A completed application form. Take note that you need to supply all the answers including the type of ownership of the business, the type of fuel that you will receive or disburse, and the type of license that you need.
2. You will also need to include your financial statements – report of assets, liabilities, net worth, etc.
3. Trading Partner Agreement – to be filed via electronic filing using the Colorado Fuel Tracking System.
4. Application for EFT Payments.
5. Application fees payable to the Colorado Department of Revenue.
6. Obtain a Fuel Distributor Surety Bond – this should be equal to three times the estimated monthly tax liability, with a minimum of $25,000 and a maximum amount of $200,000 (note: the cost to obtain the bond will only be a small percentage of the coverage amount).

CLICK HERE to read more about the requirements for CO Fuel Distributors from the CO Department of Revenue