Knowing how to get a surety bond is important for businesses, lawyers, and individuals.
A surety bond can offer protection on many levels. States require bonds to guard consumers against wrongful business practices. Defendants and plaintiffs in active cases use a surety bond to prove good faith for their actions. And prospective homeowners can even find an easier path to property purchase with a bond for title.
How To Get A Surety Bond That Meets State Expectations?
Every state is going to have their own requirements for a surety bond. For instance, A Texas surety bond for a business bidding on a government project is not going to have the same requirements as a travel agency in California.
States have a different set of requirements depending on the bond. These surety bond requirements can even hold up government projects.
The best way to ensure you know how to get a surety bond that meets all expectations is to work with a bond company that works with every state. Jurisco is a nationwide surety bond provider that confidently works with all state mandates.
How To Get A Surety Bond Company To Answer Questions?
If you having a hard time finding answers to your surety bond questions then you are probably working with the wrong provider. The lawyer-trained staff at Jurisco are experts at surety bonds.
Any questions about surety bond cost, legal restrictions, and uses of a bond can be answered today. Odds are if you know which state requires the bond and you have an idea of how much money the bond needs to cover the Jurisco team will be able to help.
How To Get A Surety Bond Today?
You can fill out a surety bond application online to begin the bonding process. A member of the Jurisco team is also available on the phone or via email. Jurisco can secure a surety bond today for most applicants.
Jurisco is familiar enough to know which type of bond is best for your situation. All state requirements and special court instructions will always be met when you work with this highly reputable surety bond company.
The answer to how to get a surety bond is fairly simple. Work with Jurisco and take care of all your surety bond needs easily.
The decision between posting cash or a surety bond isn’t as hard as one may think. It may seem simpler to put up cash instead of a surety bond, but in the majority of cases a bond is the better way to go when handling a cash surety bond decision.
Cash Is Hard To Collect
A surety bond means you do not have to come up with large sums of cash on short term notice and can instead only pay a small percentage which usually varies between 1 and 10 percent. When the court request cash and a surety bond the bond is always easier even when people are considered financially well off.
Look at the case of former Brazilian soccer federation president Jose Marin who is facing multiple corruption charges and the difficulty of securing a cash surety bond.
Marin was supposed to post a one million cash bond before the end of the year but is having to petition the court for more time to raise the money. In comparison, he was able to post his surety bond requirements in a matter of days.
Surety Bond Is Faster
It is easier and faster to come up with one percent of a million dollars for a surety bond than it is to come up with the complete sum. That’s why when it comes to deciding between posting cash or a bond it literally pays to choose the surety option.
Instead of collecting cash together, let a surety bond cover all the court cost and fees. Bonds can be used for licenses, court matters, or other personal and business items.
You can review the Jurisco cash surety bond page to learn more about the type of bonding available and how easy it is to apply.
No matter the reason for a cash surety bond the valuable team at Jurisco can help you fulfill all your requirements quickly without you having to shell out a lot of cash.
You can contact the Jurisco team directly to have your cash surety bond issues handled promptly and efficiently.
When a court or state demands a surety bond they want the bond expeditiously. Jurisco understands that the need for a surety bond can arise quickly. A team of lawyer-trained staff knows how important a surety bond is for a plaintiff, defendant, or for an individual seeking a bond for their licensing requirements so they are diligent in helping clients obtain the surety bond that is right for their situation.
A Bond When You Need It
A defendant who is seeking to temporarily halt the collection of a money judgment until after they have a chance to appeal needs their stay bond quickly to avoid being in contempt of court. The same goes for a plaintiff who wants to garnish wages with a wage garnishment bond. Life moves fast and so does Jurisco.
Questions about a bond whether it is a distress bond for a landlord or an appeal bond for a defendant are answered promptly and accurately by Jurisco staff. By having a bond expert working on the bond the plaintiff, defendant, individual, or business will meet all state requirements for their particular bond. It’s important to get things right the first time and Jurisco knows that.
Living Up To State Expectations
Jurisco offers surety bonds in all 50 states. The only reason Jurisco can offer this wide range of service is because the staff knows what each state wants for every type of surety bond they mandate. Clients who are in California may not need to do the same thing that someone from Wisconsin may have to do. Jurisco knows the difference.
Any surety bond process can begin right now by filling out a pdf online or by speaking to a member of the Jurisco staff at 800-274-2663. When a surety bond is what you require then you’ll be better served by contacting Jurisco to let us help.
Landlords who feel the only solution left is to evict a commercial renter must take the appropriate steps to protect themselves and the tenant before following through with the eviction. In most situations a court will require the plaintiff to secure a distress bond. By submitting this bond to the court the landlord is showing that they are not making the move in ill faith and that the tenant’s rights are still protected.
A distress bond is a type of surety bond required of commercial landlords who are seeking to remove a tenant. Whether it is due to non-payment or failing to comply with lease requirements the landlord has to prove that the eviction is being done legally. Courts require this bond to protect the defendant should the eviction be determined to be unjust.
With the economy continue to try and find stable ground more landlords are having to navigate the eviction waters. Removing someone from their place of business is not an easy process. Not only are landlords likely to deal with irate tenants in this scenario, they also have to deal with city ordinances and due process, as well. Having someone help steer the ship will make the process go smoothly.
By letting Jurisco assist you with the distress bond we can make sure everything is as it should be so there are no hiccups in the eviction proceeding. With the presence of a surety bond, landlords are able to show the court that they took every step possible to protect the tenant from any unwarranted situation.
Any landlord of commercial property knows there is a lot of red tape when it comes to renting and leasing. They also know that eviction is sometimes necessary. Without removing the tenant they are opening themselves up to serious financial burdens. When the time comes to evict be sure to have the distress bond in place to prove to the court that every step was taken to ensure the tenant had ample notice and opportunity to rectify the situation.
Any questions about distress bonds or any other surety bond can be handled by our expert team of bond writers at Jurisco. Let us help take the headache out of the eviction process.
As an attorney, it is necessary to look at the case from all angles. That includes what will happen in the event of a victory and in the chance of defeat. Part of this preparation means reviewing which Types of Surety Bonds may be required on the behalf of the client. Now this, of course, changes on whether or not the client is a defendant or plaintiff.
Perhaps two of the most common surety bonds a defendant will need is a counter replevin bond and an appeal bond. Both give the client a little judicial wiggle room to get around a court’s ruling. Other types of surety bonds include a release of lien bond and a release of lis pendens bond.
A counter replevin bond is used when a defendant has already had their property taken away or levied. This surety bond shows the court good faith that if the property is returned to the defendant before a judgement is made that the property will be turned back in, in the same condition, so the plaintiff does not have a financial loss.
An appeal bond is probably the surety bond most people hear about. Once the court makes their final ruling the defendant has the right to appeal the decision. However, that does not mean the plaintiff has to wait for the money judgement to be paid. With an appeal, or a stay bond, the bond is financial proof that the money will be paid should the appeal court make the same decision as the first course.
Defendant bonds are designed to protect the plaintiff against a loss and prove to the court that the defendant is working in good faith. Whenever reviewing a client’s case it may be beneficial to go ahead and plan ahead for these bonds so they do not miss the window of applicable time. For instance, once the court makes their ruling the appeal to stay the judgement bond should already be prepared to give it a better chance of being accepted.
Types of plaintiff bonds include garnishment, attachment, replevin, cost, indemnity to sheriff, injunction, distress or distraint, lis pendens, and lost instrument bond. All of these will not be required in one case. Reviewing the Jurisco site will breakdown what each of these surety bonds entail and what cost can be expected.
A garnishment bond is required by a plaintiff in order to protect the defendant against unlawful wage loss. These types of bonds are necessary when the plaintiff feels the defendant owes them money and that the only recourse available is to garnish the defendant’s wages. However, should the court ruled that the defendant does not owe the plaintiff money, or the amount that was garnished, that the plaintiff will financially compensate the defendant for their loss.
An indemnity to sheriff bond may be a surety bond that is not referenced frequently, but is actually very helpful especially to law enforcement agencies. When properties is taken by a sheriff’s department on behalf of a plaintiff they have to be financially covered in case the court rules this action was unnecessary or done with ill-will. To protect the agencies involved in this process the plaintiff has to put up a bond saying that the agency is not the party responsible for damage or a financial loss.
To know which plaintiff bond to use contact a member of Jurisco to discuss the case and plan out the appropriate course of action.
Other Types of Surety Bonds
There are other types of surety bonds that don’t always get played out in the court room. For instance, a guardianship bond and administrator bond are basically there to ensure those in charge of a person or an estate do their due diligence without neglect to their client.
A guardianship bond comes into play in the event that a young child loses his or her parents. The guardianship bond is the court’s way of protecting the minor against neglect whether it be in the matter of physical care or misuse of estate funds.
An administrator bond is usually employed when a deceased person has a will with assets to be distributed. To make sure all parties are treated fairly and that all debts are paid, an administrator must take out an administrator bond to financially cover his or her bases to prove they will work in good faith and due course.
Choosing The Right Surety Bond
Still having a hard time determining which surety bond is the right one for a client or circumstance? Let the team at Jurisco help. Our trained staff understands the ins and outs of all surety bonds and when they need to be employed. They will also help explain the cost associated with all the surety bonds, when they need to be filed, and how long they will last.
Perhaps one of the best ways to explain surety bonds is thinking of it as a sort of insurance policy. Should anything go awry in a legal case or proceeding, a surety bond is the net that catches the downfall, insuring plaintiffs and defendants do not lose money, property, and the like without any recourse. When clients come to Jurisco they can be looking for a wide range of surety bonds to protect themselves and their clients.
In the general populace, people often think of bail bonds or construction bonds when they think of surety bonds, but that isn’t completely correct. When it comes to the judicial realm, lawyers, defendants, and plaintiffs use surety bonds to protect themselves during court proceedings and in the event that the outcome doesn’t come out in their favor.
A Few Types Of Surety Bonds
There are different types of surety bonds that a plaintiff or defendant may require. A defendant, for instance, will require an appeal bond in order to stay a judgement while the appeal process takes course. On the other hand, a plaintiff would need a replevin bond to show the court good faith that they have the right to place a lien on property before the court makes its final judgment.
In short, all surety bonds show the court that whatever action that is requested or already being taken will be reversed in due order should the court rule against the move. This protects both parties involved and guarantees there will be no financial loss on other side.
When To Apply For A Surety Bond
Some surety bonds are required before an action can be taken while others become necessary during the trial or after a judgment has been reached. Talking to one of our surety bond experts is the first step in understanding what may or may not be necessary in any given circumstance.
It is best to be prepared for whatever comes up. For example, if the defendant doesn’t even have an appeal on his or her radar they could come into trouble at the end of the case. They could be forced to pay up or give up property without little recourse and hope that if they win the chance at an appeal they will be able to reclaim their property back in the same condition.
Rule of the surety game: be prepared. Have the bond that your client needs for their case in all scenarios. The surety bond will protect the firm, the client, and the process, allowing things to operate smoothly without any unnecessary hindrance. If you have any questions, please don’t hesitate to contact the surety bond experts at Jurisco
Section 8242 of the California Civil Code deals with the surety bond requirements and procedure for releasing of real property from a claim of lien. The bond in this case is referred to as a Release of Lien bond or, simply, a Mechanic’s lien bond. Generally, liens are filed against real property by a contractor or subcontractor. However, as an article in the California Construction Attorney’s website shows, liens can also be filed by design parties as well. This extends to architects, engineers and site planners. However, as the above referenced article explains, traditional lien rights to designers only kick in once the construction project begins. Prior to that and during the planning phase, a design professional can use a Design Professional Lien to seek remedy.
Mechanics’ liens and design professional liens are technical and can be difficult to prove or refute. It is always wise to see the consul of an experienced attorney before filing a claim. If you would like to find out more information on Mechanic’s Lien Bonds or Transfer of Lien bonds, however, please contact the Surety Bond Experts at Jurisco. One of their helpful staff will happy to prove assistance with rates, applications and general information.
In 2014 Starbucks filed suit in California seeking to have a preliminary Injunction levied against Howard Heller, the owner of both Specialty Coffees International and Cafe Nu International, for (among other claims) trademark infringement. (Details of the case can be found: here) The defendant failed to answer the complaint and the judge granted the preliminary injunction to the plaintiff in November of 2014. In a world gone fully digitized, ‘intellectual property’ is growing harder to define and it is becoming more difficult to recognize (and then prove) if your intellectual property is being infringed on or stolen. The law offers a few ways to protect a company’s brands and intellectual property. Certainly one of the most potent tools is the use of preliminary injunctive relief (yes, that is an actual term: proof), where a plaintiff can stop the misappropriation of physical or digital goods from being sold in the market place. In most cases, courts in California will insist that an Injunction Bond be procured before any per-judgement relief is levied.
An injunction bond protects the defendant from being wrongfully enjoined, and covers any damages the defendant may sustain should the court rule the plaintiff’s suit is wrongful. In the example used above, Starbucks was granted the preliminary injunction based on the merits of the claim. However, if the court eventually sides with the defendant, then Starbucks would be liable to pay for the harm the defendants suffered because their goods were prevented from being sold. Generally, judges in California do not issue injunctions unless the claim seems airtight and likely to be upheld. Or, in the language of the court, “Starbucks has demonstrated that it will likely suffer irreparable harm if an injunction is not issued”. For all pre-judgement actions, the burden of proof is with the plaintiff and they must prove that they will suffer harm, rather than inflict it on the defendant through enjoinment.
Jurisco is the leader in injunction and all plaintiff court bonds. There are many agents and agencies in the marketplace who do not understand the product they are selling and rely on the insurance companies to underwrite their bonds. At Jurisco, they know the risks and how to effectively underwrite all court bonds
without the necessity of going back and forth with corporate “no” men underwriters. Most companies require collateral for ALL injunction bonds. While there are a few injunction cases that may need collateral, Jurisco strives to approve every bond without this requirement so the filing can move forward quickly and without
delay. For application, rates and more information on Injunction Bonds, contact the surety bond experts at Jurisco, and one of their knowledgeable staff will answer all your queries.
It is always sad news when there is strife among beneficiaries after a loved one has passed. It is especially difficult when the strife plays out in public. After the tragic death of famed Actor/Comedian Robin Williams, his heirs are engaging in just such a public battle; as an article in the New York Times explains: Robin Williams. Even though there was an estate plan in place there is still significant discord among the heirs. And, despite the plan, it may still be necessary for the courts to intercede and require a Personal Representative (PR) to administer estate distribution to avoid any further trouble. Due to the nature of the dispute, the court may require the PR to secure a Personal Representative Bond to ward off any claims of mismanagement.
A personal representative bond is required by the state of California to protect the interest of the deceased’s estate, its heirs and those parties who are owed money. The responsibility of a personal representative (commonly referred to as an administrator or executor in California) is taken seriously by the courts. Courts mandate the surety bond as a form of protection for all parties. While the surety bond protects the heirs and creditors of the estate, it is also a protection for the personal representative to ensure she/he fulfills their duties responsibly.
Being Appointed As A Personal Representative
On average, the deceased will name the personal representative in their will. However, if this does not occur the responsibility could be entrusted to the closest living relative or even to a financial institution (like a bank) that will oversee the account. A California judge may appoint a person to the position after a probate examiner reviews the petition and estate information.
Being named as a personal representative of an estate is a big deal. The court holds the overseer to all his or her actions in order to protect heirs and creditors of the estate.
The duties of a personal representative, executor or administrator in California include the following:
- Notifying Inheritors
- File Will in Probate Court
- Pay Taxes
- Distribute Property
- Open Bank Accounts for Estate
- Settle Debts
All of these tasks and more, including the day-to-day details, rest on the shoulders of an executor. Given the amount of responsibility an administrator holds it is necessary for the personal representative bond to fully cover these actions.
Executor Bond Cost
California executor bond statute explains how a personal representative bond amount is determined:
8482. (a) The court in its discretion may fix the amount of the bond, but the amount of the bond shall be not more than the sum of:
(1) The estimated value of the personal property.
(2) The probable annual gross income of the estate.
(3) If independent administration is granted as to real property, the estimated value of the decedent’s interest in the real property.
(b) Notwithstanding subdivision (a), if the bond is given by an admitted surety insurer, the court may establish a fixed minimum amount for the bond, based on the minimum premium required by the admitted surety insurer.
(c) If the bond is given by personal sureties, the amount of the bond shall be twice the amount fixed by the court under subdivision (a).
(d) Before confirming a sale of real property the court shall require such additional bond as may be proper, not exceeding the maximum requirements of this section, treating the expected proceeds of the sale as personal property.
The executor bond lasts as long as it takes to formally settle an estate. Sometimes this can be achieved in as little as eight months while other estates take years to settle. The longevity of the personal representative bond will impact the cost of the surety. Make sure to discuss this point with your Jurisco representative when you contact them about personal representative bonds
Everyone knows about self driving cars; or autonomous vehicles in the parlance of state regulatory bodies. Since 2012, Google and other technology/car companies have been legally operating and testing these cars in California. Understandably, state officials have seemed uncertain how regulate this new technology; despite self driving car’s sterling accident record. There is, however, a bill going through the California Assembly which addresses an aspect of this story that directly relates to the Jurisco surety blog; and that is insurance requirements. Manufacturers of autonomous vehicles are required to carry proof of insurance; and this could be in the form of an auto insurance bond for the amount of $5,000,000. The bill in question (AB 1164) would amend Section 38750 of the Vehicle Code, that relates to autonomous vehicles.
In fact, all drivers in California could choose to post a surety bond in lieu of carrying insurance. In California it falls under the umbrella of Financial Responsibility. This means that all drivers are required to have proof that they can cover damages up to $35,000. Under California Vehicle Code, Section 38750 drivers can choose between three options to meet this requirement: Carry traditional insurance, post cash with the state or to procure a auto insurance bond with a licensed bond agency.
If you are interested in learning more about insurance requirements in California or would like to apply for an auto insurance bond, please contact the surety bond experts at Jurisco and one of their expert staff will respond to your query.