The Colorado Motor Carrier Surety Bond is required by the Public Utilities Commission in the State of Colorado at a bond amount of $50,000. The commission requires a motor carrier of towed motor vehicles to be bonded for the purpose of paying any civil penalty assessments made by the Commission against the carrier that the carrier fails to pay when due. Such bond must be filed with and drawn in favor of the Public Utilities Commission of the State of Colorado.
According to the Code of Colorado Regulations, a motor carrier means any person owning, controlling, operating, or managing any motor vehicle that provides transportation in intrastate commerce pursuant to Article 10.1 of Title 40, C.R.S. In order to get a permit to be a motor or towing carrier in the state, the following requirements must be met:
Our bonding experts at Surety Solutions Insurance Services, Inc. (Surety1) can help you get bonded quickly and easily! Simply fill out the free online application and one of our licensed agents will follow up with you within one business day with a firm quote. Once any necessary paperwork is signed and premium payment is submitted, your bond will be filed via the CO Public Utility Commission’s filing system.
Surety1 has been issuing bonds since 2003, so it understands the need for an easy, reliable bonding process. Rated A+ by the Better Business Bureau and licensed in all 50 states!