Colorado - Developmental Disabilities Services Personal Needs Fund — required surety bond in Colorado. Apply online in minutes.
The Colorado Developmental Disabilities Services Personal Needs Fund bond is a specialized surety bond that guarantees service agencies will ethically manage the personal funds of individuals with developmental disabilities. It provides a financial safety net against theft, fraud, or mismanagement of these personal funds by the facility or its employees.
Community-centered boards, service agencies, and care facilities in Colorado that hold or manage personal needs funds for individuals with developmental disabilities typically need this bond. If your facility assumes fiduciary responsibility for a resident's personal money, you will likely be required to secure this coverage.
The obligee requires this bond to protect vulnerable individuals from financial exploitation. It ensures that if an agency misuses or misappropriates a resident's funds, the harmed individual can be financially compensated.
Click Apply Now to start our secure online application, which takes about five minutes to complete. Once approved and processed, your bond will be delivered directly to you by email. You can also call Noah Insurance Agency nationwide at 814-718-0060 for assistance.
Premiums vary based on the required bond amount and the applicant's credit profile. Apply online with Noah Insurance Agency for an exact premium quote.
Bond amount requirements vary depending on the total volume of funds your agency holds. You must verify your exact required bond amount with the Colorado state issuing agency.
Approval times vary based on individual application details and underwriting. Submitting a complete application online is the most efficient way to receive a prompt decision.
This bond protects the individuals with developmental disabilities. It guarantees their personal funds are managed responsibly and reimburses them if the agency commits fraud or theft.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
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