Court bonds, also known as judicial bonds or court surety bonds, are often required in court proceedings to ensure protection from a possible loss.
Court bonds, also known as judicial bonds or court surety bonds, are often required in court proceedings to ensure protection from a possible loss. There are many different types of court bonds that may be needed. An example that everyone is familiar with is a bail bond, which guarantees that a defendant will show up in court for a hearing after being released. Baldwin Cox Allen does not currently offer bail bonds, but we do offer many other types of court bonds including the following:
- Plaintiff’s bonds guarantee payment of damages suffered if an action is decided in favor of a defendant.
- Attachment bonds are required before the court can seize a person’s property to secure a judgment. This is a type of plaintiff bond and guarantees that the plaintiff will pay damages if the court determines the property was wrongfully taken from the defendant.
- Replevin bonds guarantee that seized property will remain in the same condition and will not be sold or otherwise disposed of. A replevin bond is a type of plaintiff bond.
- Probate bonds, also known as fiduciary bonds, are required by the court of a fiduciary to protect any interested parties from loss resulting from any failure of the fiduciary to faithfully perform the duties and obligations required of them by law.
- Executor bonds guarantee that an executor will manage the estate according to the will of the deceased. These bonds are often required before someone can be named an executor.
- Administrator bonds are required to protect the administration of a decedent’s estate when the decedent has died without leaving a will. These are often required before a person can be named an administrator.
- Conservator bonds guarantee that a conservator will be responsible for the assets and finances of a minor or incompetent who is deemed fully or partially incapable of properly handling their finances.
- Guardianship bonds guarantee that a guardian will faithfully and diligently administer a ward’s welfare, preserving the rights and assets of the minor or incapacitated person.
- Cost bonds guarantee the payment of costs associated with appealing a lower court’s decision.
At Baldwin Cox Allen, we have access to over 25 different A rated bonding companies which allows us to shop the market and provide the lowest possible rates. We have cutting edge surety technology which allows us to this for you without delaying the execution of your bonds, as we know that timing can be critical.
Hard To Place Bonds
We have solutions for even the most challenging bonds. We say “Yes” when other agents tell you “No”. Whether it’s because you have low credit, or there’s just a particularly onerous bond form, we pride ourselves on getting bonds approved with the best possible terms.
Please contact us today and let one of our experienced surety bond professionals assist you with your bonding needs!