Do you have questions about your surety bond? Call us at (212) 962-2663! Our surety bond experts are here to help you.
Our comprehensive list of surety bond services for the New York, metropolitan and surrounding tri-state area include:
SURETY BOND SERVICES With more than 85 years of surety and fidelity industry expertise, you can be confident we’ll provide the right bond for you. We offer a range of different commercial judicial bonds, specifically surety bond and fidelity bonds. Specifically, we provide:
SURETY BONDS A surety bond is defined as a contract among at least three parties: the obligee: the party who is the recipient of an obligation. the principal: the primary party who will perform the contractual obligation. the surety: who assures the obligee that the principal can perform the task.
FIDUCIARY BONDS A fiduciary bond is a legal instrument that essentially serves as insurance to protect beneficiaries, heirs and creditors when a fiduciary fails to perform honestly or competently. A court may require a fiduciary bond for any person or party that has fiduciary duty or responsibility to another. Fidelity bonds are a form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals. It usually insures a business for losses caused by the dishonest acts of its employees.
JUDICIAL BONDS Surety deposited ('posted') by a party to a lawsuit to indemnify the opposing judicial or governmental body party from any loss arising from delay or depravation caused by the legal proceedings. In general, all bonds required in judicial proceedings are called judicial bonds.
ADMINISTRATION BONDS An administrator bond (administration bond) is a form of insurance that assures a person who is the administrator of a will acts legally and ethically and protects those in the will against fraud. It is often written as a bond of administrator or executor and is very similar to an executor bond.
APPEAL BONDS A supersedeas bond, also known as a defendant's appeal bond, is a type of surety bond that a court requires from an appellant who wants to delay payment of a judgment until the appeal is over. An appellant's bond to stay execution on a judgment during the pendency of the appeal. Fed.
ASSIGNEE BONDS An Assignee Bond guarantees that the person appointed by the court to oversee the liquidation of an insolvent debtors assets will faithfully perform his duties to creditors. An assignment is a transfer to another of a right, interest, or title to property, or an instrument of transfer. In other words it is a way of directing assets to others, for them to own. This mechanism allows the tax point of an investment bond to be deflected away from the original owner to a new owner.
ATTACHMENT BONDS The attachment bond is the emotional connection formed by wordless communication between an infant and their primary caretaker. A landmark report, published in 2000 by The Committee on Integrating the Science of Early Childhood Development, identified how crucial the attachment bond is to a child's development.
CONTRACT BONDS The contract bond is a guarantee the terms of a contract are fulfilled. If the contracted party fails to fulfill its duties according to the agreed upon terms, the contract “owner” can claim against the bond to recover financial losses or a stated default provision.
COSTS BONDS A Cost Bond is a type of surety bond that guarantees payment of court expenses. Usually Cost Bonds are required by plaintiffs who file action within a state that they do not live in, though some states may require a cost bond for state residents as well.
DISCHARGE OF ATTACHMENT BONDS A Release Attachment Bond (also known as a Discharge Attachment Bond) is a type of surety bond used in court cases to counter an Attachment Bond. Therefore, a Release Attachment is an order to discharge an Attachment. A debtor is able to secure a Release Attachment Bond after a creditor has secured an Attachment Bond.
DISCHARGE OF INJUNCTION BONDS Defendants Bond to Discharge/Release Garnishment. Required by a court to discharge or release money or property belonging to the defendant has been attached and is being held in the hands of a third party. The bond is used as a guarantee that the debt owed will be paid if it is found to be valid.
DISCHARGE OF MECHANIC'S LIEN BONDS A Discharge of Mechanic's Lien Bond is a type of surety bond that validates non-payment for work, labor, and supplies involved with a piece of property. If a subcontractor has put a mechanic's lien on your property, you can get a Discharge of Mechanic's Lien Bond to discharge the lien from your property.
EXECUTORS BONDS An executor bond is a form of insurance that insures one who carries out the will of a deceased person. This may be one who was appointed by the deceased prior to his or her death or it may be someone appointed by the court. It is basically the same type of bond as an estate bond, fiduciary bond, or probate bond.
GUARDIANS BONDS A guardianship bond, also known as a custodian bond, is a type of fiduciary bond. Like all fiduciary bonds– a subcategory of court bonds– the guardianship bond is required by courts when they have appointed someone to act on behalf of another individual. The principal is the appointed guardian.
INDEMNITY BONDS An indemnity bond is a bond that is intended to reimburse the holder for any actual or claimed loss caused by the issuer's conduct or another person's conduct. During the time of foreclosure, if the house is sold to pay off the loan and there is negative equity, then the indemnity bond covers the difference.
INDEMNITY TO SHERIFF BONDS A Sheriff's Indemnity Bond is a surety bond that protects a law enforcement agency seizing property on behalf of a plaintiff from a defendant should the defendant seek damages against the enforcement agency.
LICENSE & PERMIT BONDS Required by a municipality or other public body as a condition to granting a license or permit to engage in a specified activity, this bond guarantees that the party seeking the license or permit (the obligor) will comply with applicable laws or regulations.
LIS PENDENS BONDS A Lis Pendens Bond is a type of surety bond which is required when a plaintiff is seeking to block the sale of a property by a defendant. The bond guarantees that the plaintiff is not filing the Lis Pendens in bad faith. The bond amount varies by state but usually includes a provision for interest and court costs.
LOST INSTRUMENT/SECURITIES BONDS A Lost Securities surety bond is a bond required by banks or other financial instrument transfer agents for persons who have lost or misplaced bond or stock certificates or a payment check.These are also called Lost Instrument surety bonds.
OPEN DEFAULT BONDS A bond default occurs when the bond issuer fails to make an interest or principal payment within the specified period. Since defaulting on a bond severely restricts the issuer's ability to acquire financing in the future, a default is usually a last resort – and therefore a sign of severe financial distress.
PRELIMINARY INJUNCTION BONDS An Injunction Bond is a type of Surety Bond that provides a guarantee to the defendant against any damages he or she may sustain should the court dismiss the plaintiff's lawsuit. It also protects the defendant from being unlawfully accused.
RECEIVER BONDS Receivers Bond Law and Legal Definition. On appointment of a receiver in most jurisdictions, a bond conditioned on the receiver's faithful performance of the duties and obligations of the receivership must be furnished before the receiver is authorized to act.
REFUNDING BONDS Refunded bonds are bonds that have their principal cash amount already held aside by the original issuer of the debt. A subset of the municipal and corporate bond classes, the funds required to pay off refunded bonds are held in escrow until the maturity date, usually by purchasing Treasury or agency paper.
REPLEVIN BONDS Replevin bond is a bond given by a plaintiff in a replevin lawsuit in order to replevy or attach property that is in the defendant's possession prior to the rendering of judgment. This bond is used to cover losses to the defendant if the plaintiff loses the case.
STAY OF EXECUTION BONDS A Stay of Execution Bond is a type of surety bond that a court might require before a stay of execution is granted. Stay of Execution Bonds are more commonly known as Appeal (Supersedeas) Bonds
STOP PAYMENT BONDS A “bonded” stop payment notice is stop payment notice accompanied by a bond issued by a surety in an amount equal to 125% of the amount of the claimed in the stop payment notice.
SUPERSEDEAS BONDS A supersedeas bond, also known as a defendant's appeal bond, is a type of surety bond that a court requires from an appellant who wants to delay payment of a judgment until the appeal is over. An appellant's bond to stay execution on a judgment during the pendency of the appeal.
TEMPORARY RESTRAINING ORDER BONDS A Temporary Restraining Order Bond (also known as a TRO Bond) is a type of injunction bond that protects a defendant against loss in case the court decides that a temporary restraining order was unnecessary or should not have been granted.
TRUSTEE BONDS A bond trustee is a financial institution with trust powers, such as a commercial bank or trust company, that is given fiduciary powers by a bond issuer to enforce the terms of a bond indenture.Warrant Of Seizure Bond. Warrant or Seizure Bonds are issued on behalf of the Plaintiff who is seeking to attach a piece of property held by the Defendant to secure payment of a debt.