This bond is required for professionals who drill water wells or install water pumps in Colorado. It protects the state and consumers if the well driller or pump installer doesn't follow state regulations, does poor quality work, or fails to complete a job properly. If a valid claim is made against the bond, you may h…
Overview
What it is.
This bond is required for professionals who drill water wells or install water pumps in Colorado. It protects the state and consumers if the well driller or pump installer doesn't follow state regulations, does poor quality work, or fails to complete a job properly. If a valid claim is made against the bond, you may h…
Who usually needs it
Licensed well construction contractors and pump installation contractors in Colorado who engage in well drilling, well construction, or pump equipment installation and repair must obtain this $20,000 surety bond as a requirement for obtaining and maintaining their state contractor's license from the State Board of Examiners of Water Well Construction and Pu…
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateCOBond amountVaries by license type or projectObligeeState of ColoradoBond classLicense BondCategoryConstructionBondColorado Water Well Driller / Pump Installer BondJurisdictionStatePlain descriptionThis bond is required for professionals who drill water wells or install water pumps in Colorado. It protects the state and consumers if the well driller or pump installer doesn't follow state regulations, does poor qua…Who needs this bondLicensed well construction contractors and pump installation contractors in Colorado who engage in well drilling, well construction, or pump equipment installation and repair must obtain this $20,000 surety bond as a re…
