Custodian 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.

We offer the following Custodian Bonds:

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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.

How Custodian Bonds Work

Custodian bonds are a type of court bond designed to protect the property owner, beneficiaries, or the public. Like all surety bonds, they involve three parties:

Principal: The custodian required to secure the bond
Obligee: The court or government agency requiring the bond
Surety: The company issuing the bond and providing financial backing

A claim may be made against the custodian bond if the custodian mishandles property, misappropriates funds, or violates court instructions. The surety investigates the claim and compensates the claimant up to the bond policy amount if the claim is valid. The custodian must then reimburse the surety for the full amount paid.

How to Get a Custodian Bond

NNA Surety makes securing a custodian bond a straightforward process:

Review your appointment or court order: Confirm the required bond type and amount.
Request a quote: Submit a quick application for pricing.
Purchase the bond: Pay the premium and receive your bond.
File the bond: Submit it to the court or agency to finalize your appointment.

Get Your Custodian Bond Today

Meet your court or agency requirements with a custodian bond from NNA Surety. Our fast application process and competitive rates make it easy to get bonded. Call 855-431-7687 to secure your bond today.