Court Bonds

Professionals appointed by a court or government authority to safeguard assets, maintain accurate records, and properly dispose of property during legal or regulatory proceedings must get a surety bond.

Custodian bonds are commonly mandated by courts, state agencies, or regulatory authorities as a condition of appointment. The surety bond protects owners, beneficiaries, and the public from financial loss caused by mismanagement or misconduct.

Custodian Bond Cost

The cost of a custodian bond is typically a small percentage of the bond amount required by the court or agency.

Factors that influence the premium of a custodian bond include:

• Required bond amount
• Credit history
• Scope and value of the assets being managed
• Length of the custodial appointment

Bond coverage typically remains in effect until the custodian is formally released from their duties.

Choose the Right Surety Bond for Your Legal Matter

The most common types of court bonds we issue include:

• Fiduciary (Probate) Bonds
• Judiciary Bonds
• Bail Bonds
• Guardianship Bonds
• Supersedeas Bonds
• Injunction Bonds
• Replevin Bonds

Fiduciary Bonds vs. Judiciary Bonds

A fiduciary is an individual appointed by the court to be responsible for assets, for example, a person may be made responsible for a deceased relative’s estate. A fiduciary bond assures the court-appointed individual will act both ethically and responsibly in their role.

If they fail in their duties, the bond will protect those financially harmed by the fiduciary's actions.

A judiciary bond is a court bond designed to help limit the financial loss from a court ruling. The outcome of a court ruling is never guaranteed, and because of this, a judiciary bond is considered riskier than other types of court bonds.

Either the plaintiff or the defendant in a case may be required to obtain a judiciary bond, and the court will stipulate the type of bond required. One of the most commonly known judiciary bonds is bail bonds.