Public Service Company of Colorado - Utility Deposit — required surety bond in Colorado. Apply online in minutes.
A Public Service Company of Colorado Utility Deposit Bond is a financial guarantee used in place of a traditional cash deposit for utility services. It guarantees that the commercial customer will pay their utility bills in full and on time. If the customer defaults on their account, the bond compensates the utility provider for the unpaid balance.
Commercial businesses operating in Colorado that require utility services from the Public Service Company of Colorado typically need this bond. It is frequently used by new businesses opening an account or existing businesses seeking to replace a cash deposit to free up working capital.
The Public Service Company of Colorado generally requires this bond to protect themselves from financial losses due to unpaid commercial utility accounts. It provides the utility company with a secure, guaranteed method of recovering funds if a business fails to meet its billing obligations.
Click the Apply Now button to start your secure online application, which takes about five minutes to complete. Once approved and processed, your bond will be delivered directly to your inbox by email. If you need assistance, contact Noah Insurance Agency nationwide at 814-718-0060.
Premiums vary based on the required bond amount and the applicant's financial and credit profile. Please apply online to receive an exact price quote.
Bond amounts vary based on projected or historical utility usage. You must verify the exact required amount directly with the Public Service Company of Colorado before applying.
Approval and rates depend on individual credit evaluations, and programs exist for various credit profiles. Apply online through Noah Insurance Agency to review your exact options.
If you fail to pay your bills, the utility company can file a claim against your bond for the owed amount. If the surety pays a valid claim, you are fully responsible for reimbursing the surety company.
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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