Well and Pump contractor license bond cost
The Water Resources Division of the Colorado Department of Natural Resources requires water well and pump installers to post a $10,000 surety bond. The bond’s price depends on underwriting consideration, including a review of the applicant’s credit report. Our team of surety specialists works hard to provide you with the lowest rate available, no matter your financial situation.
Why this bond
Colorado water well and pump installation bonds cover financial losses consumers might suffer if unlawful work is executed by a principal (well driller or pump installation contractor). This bond requires the principal to complete all required duties, including, but not limited to:
- building the well in such a manner that its surroundings can be kept in a sanitary condition
- constructing the well in an adequate size in compliance with the well permit
- maintaining natural protection against pollution of water-bearing formations
Well Construction and Pump Installation bond details
The company’s physical address, licensees, and type of licenses covered by the bond must be listed on the form. The bond term should correspond with the license term of February 1 through January 31.
If the bond is to be canceled, at least 30 days notice must be provided to the Colorado Board of Examiners of Water Well Construction and Pump Installation Contractors.
Become a well construction and pump installation contractor
In addition to posting a surety bond, Colorado well construction and pump installation contractors must meet the following requirements to get licensed:
- Be a citizen of the United States
- be 21 years of age
- have at least 2 years of experience
- pass a written and oral examination demonstrating professional competence
- pay all applicable fees
Licensed contractors must complete 8 hours of educational training approved by the board every year to maintain or renew a license
Apply for your surety bond
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