Colorado Motor Carrier Surety Bond

A Colorado Motor Carrier Bond, also referred to as a Colorado Motor Carrier of Towed Vehicles Bond  is a type of surety bond required by the Colorado Public Utilities Commission (PUC) for motor carriers operating in the state. This is a $50,000 bond that ensures the carrier can pay any civil penalties imposed by the PUC. 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 Motor Carrier 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 Motor Carrier 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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Surety1 does not offer the Uniform Motor Carrier Bodily Injury and Property Damage Liability Surety Bond.

What are the requirements to get a Towing Carrier Permit in Colorado?

The Colorado Public Utilities Commission (PUC) is responsible for issuing Towing Carrier Permits in Colorado. Here’s how to get one:

1. Review the Regulations: Familiarize yourself with the latest Towing Carrier Rules https://puc.colorado.gov/towing. These rules outline the requirements and procedures for obtaining a permit.
2. Apply Online: The PUC offers an online application system for Towing Carrier Permits https://puc.colorado.gov/towing. This streamlined process allows you to submit the application electronically.
3. Gather Required Documents: The application process likely involves submitting various documents, such as:
   • Business formation documents (e.g., LLC paperwork)
   • Proof of insurance meeting the PUC’s minimum requirements
   • Worker’s compensation coverage details
   • Driver information (including date of birth and driver’s license numbers)
   • Proof of lawful presence in the US (for sole proprietors)
4. Payment for application and permit fees
5. Financial Responsibility: You’ll need to acquire the mandatory Colorado Motor Carrier of Towed Vehicles Bond.

For a more detailed understanding of the process, contact the PUC’s Transportation Applications department https://puc.colorado.gov/towing. They can answer any questions you have and guide you through the specific requirements.

The information provided above is for general informational purposes only and does not constitute legal advice.  Do not rely solely on the information presented here as a substitute for professional legal counsel.