Colorado Private Occupational Schools Bond

A Colorado Private Occupational Schools Bond is a type of surety bond required by the Colorado Division of Private Occupational Schools (DPOS) for institutions offering occupational training programs in the state. The Bond Amount is equal to the  Estimated Maximum Prepaid Tuition and Fees The cost of the surety bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150. Surety1 will shop its many markets to procure the right price at the right terms.

How to get a Colorado Private Occupational Schools 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. ²
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Colorado Private Occupational Schools 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.
2- Subject to underwriter approval, based on aggregate surety bond exposure, additional underwriting information may be required}

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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Who Needs This Bond?

In Colorado, a Private Occupational School, according to the Division of Private Occupational Schools (DPOS), is any entity or institution that meets these criteria:

• Offers educational credentials or services: This means the school provides programs or courses that lead to certifications, diplomas, or other qualifications intended to prepare individuals for specific occupations.
• Focuses on occupational training: The primary objective of the programs should be to equip students with the skills and knowledge necessary for gainful employment in a recognized occupation.
• Operates for-profit or non-profit: This applies to both private businesses and non-profit organizations offering occupational training programs.
• Located within or outside Colorado: The DPOS regulates schools physically located in Colorado and those based outside the state that offer programs to Colorado residents through distance education.

Here are some exemptions:

• Apprenticeship programs: These are registered and defined by the U.S. Department of Labor.
• Degree-granting institutions: Schools accredited by an agency recognized by the US Department of Education (USDOE) offering programs at the associate degree level or higher are overseen by the Degree Authorization Act (DAA).
• Avocational education: Programs designed for personal development or recreational purposes that aren’t intended to prepare individuals for specific occupations. This includes hobbies, crafts, personal development courses, and some non-occupational interest programs.

If you’re unsure whether your school falls under the DPOS regulations, it’s advisable to contact them directly for clarification. Their website https://cdhe.colorado.gov/about-us/division-of-private-occupational-schools also provides additional information and resources.

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.