Colorado - Self Insuring Employer — required surety bond in Colorado. Apply online in minutes.
The Colorado Self Insuring Employer Bond is a financial guarantee for businesses that choose to self-insure their workers' compensation liabilities. It guarantees that injured employees will receive their necessary compensation and medical benefits even if the employer defaults or faces insolvency.
Employers operating in Colorado who wish to self-insure against workers' compensation claims, rather than purchasing a traditional commercial policy, typically need this bond. It is generally required for both newly applying self-insured businesses and those maintaining their active self-insured status.
The state obligee generally requires this bond to protect workers from unpaid claims in the event of an employer's financial hardship or bankruptcy. It ensures a dedicated safety net is always available to cover workplace injuries without relying entirely on the employer's immediate cash flow.
To get started, click Apply Now to complete our ~5 minute secure online application. Once approved, your bond is delivered by email for prompt submission. For any questions during the process, contact Noah Insurance Agency nationwide at 814-718-0060.
Premiums depend on the required bond amount and the employer's overall financial credentials. Because requirements vary based on business financials, please apply online for exact figures.
The Colorado Division of Workers' Compensation determines the specific bond amount required based on your business's risk profile, claims history, and payroll. Always verify your exact requirement with the issuing agency.
Generally, no. This bond is utilized when an eligible employer is approved by the state to self-insure their workers' compensation obligations instead of purchasing a standard insurance policy.
Renewal processes and timelines vary. You will typically need to submit updated financial records and claims data to the surety and the state; verify the exact renewal schedule with the issuing agency to maintain continuous compliance.
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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