Colorado personal needs fund bonds.
From $100.
When a Colorado developmental-disabilities or care facility holds residents’ personal-needs money in trust, it has to secure those funds. The bond amount tracks the balance you hold — pricing starts from $100, and no credit check up to $10,000.
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How much does a Colorado personal needs fund bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard personal-needs bond — enter your amount, pay, and you have the executed bond. Here is the whole thing:
Apply online
Your facility details, the amount of personal-needs funds you hold, and the effective date — that is the application.
Issued on the spot
No credit check up to $10,000. Above $10,000, a soft pull may add a short review.
Keep on file for the state department
Hold the executed bond as evidence residents’ personal-needs funds are secured. Wet-ink originals mailed on request.
What it is and who needs it.
What the personal needs bond actually covers
Residents of long-term-care and developmental-disabilities facilities often keep small amounts of money — a personal-needs allowance for clothing, haircuts, and incidentals — that the facility holds for them. Colorado law requires the facility to safeguard that money so a resident can recover it if it’s lost, stolen, or misapplied.
Under C.R.S. 25.5-6-206 (with the personal-needs trust fund provision at 25.5-6-411), a facility holding a patient personal-needs trust fund must post a surety bond sufficient to secure those funds — or otherwise demonstrate to the satisfaction of the state department that the funds are assured. It must also keep complete, separate accounting and never commingle residents’ money with its own.
The bonded amount tracks the balance you hold on residents’ behalf. We issue whatever figure applies from $100, and no credit check up to $10,000 — and if your balance grows, you file a replacement bond for the higher amount.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
Keep on file for the state department. Hold the executed bond as evidence residents’ personal-needs funds are secured. Wet-ink originals mailed on request.
What sets the price
The premium is 2% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $10,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with the personal-needs funds you hold — the executed bond is generated instantly, ready to keep on file.
Start the application →Common questions.
Other Colorado bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Personal needs bond, issued today.
Pricing from $100. Enter the funds you hold and keep it on file the same day.