Surety Bonds & Liability Insurance
A $50,000 surety bond is required for the following licenses:- New Motor Vehicle License
- Used Motor Vehicle License
- New Powersport License
- Used Powersport License
- Wholesaler
- Wholesale Auction Dealer
A $15,000 surety bond is required for salespersons. If a salesperson is employed at more than one dealership, a separate bond is needed for each dealership.
For surety bonds, contact Jami McCoy at:
Colorado Independent Automobile Dealers Association
950 Wadsworth Blvd, Suite 101
Lakewood, CO 80214
Phone: 303-239-8000 X 305
E-mail: [email protected]
All dealers are required to carry liability insurance. For insurance needs, contact Howard Koziara at:
Wave Financial Partners
Phone: 303-257-8200
E-mail: [email protected]
