CO unemployment reimbursement bonds.
From $100. Enter your amount.

What the reimbursement bond actually covers

Most Colorado employers pay unemployment insurance premiums. But a nonprofit organization (and certain government entities) can instead elect to be a reimbursing employer — repaying the state for the actual UI benefits charged to its account, in lieu of premiums. Under C.R.S. 8-76-110, an electing nonprofit must file a surety bond with the division within fifteen days of its election.

The amount is computed by the division, not chosen by you: broadly, it is tied to the benefits attributable to your employment (the statute uses three times the prior year's regular benefits plus a share of extended benefits, or a multi-year sum, subject to a percentage-of-payroll cap and floor). The bond guarantees that, if you don't reimburse the benefits you owe, the state can recover against it.

Instead of a surety bond, the statute also lets an electing employer deposit money or securities with the division — but a surety bond is usually far cheaper, since the premium is a fraction of tying up the full amount in cash. Enter the figure CDLE set on your notice; pricing is from $100, and the application collects no credit information.

You need this bond if you are