Court Bonds in Vermont

WHAT IS IT? WHO NEEDS IT? COVERAGES OFFERED

Court bonds are specialized surety bonds that generally guarantee certain court-related financial obligations are honored. Bonds are available for many different financial obligations.

Both Vermont plaintiffs and defendants may purchase court surety bonds. Bonds are mandated in some situations, and voluntarily secured for protection in other cases.

Attachment Bonds
Injunction Bonds
Indemnity to Sheriff Bonds

What are court bonds?

Going to court can be a complex process, and can involve multiple financial obligations. Court bonds may ensure Vermont plaintiffs and defendants meet their financial obligations when involved with legal action.

Court bonds are specialized surety bonds that generally guarantee certain court-related financial obligations are honored. Bonds are available for many different financial obligations.

Who in Vermont needs court surety bonds?

Both Vermont plaintiffs and defendants may purchase court surety bonds. Bonds are mandated in some situations and voluntarily secured for protection in other cases.

What types of court surety bonds are available?

Court surety bonds that cover court-related financial obligations are often referred to as "judicial bonds." These bonds are different from "fiduciary bonds," which normally protect against failure to meet fiduciary responsibilities.

Insurance companies offer a wide variety of judicial bonds that offer specific protections for either plaintiffs or defendants.

Examples of plaintiff bonds include:

Attachment Bonds: Usually guarantees the plaintiff will pay all legal costs, court fees and damages sustained if the court decides an attachment shouldn't have been granted; may be required before an attachment is issued
Injunction Bonds: Usually guarantees the plaintiff will pay all legal costs, court fees and damages sustained if the court rules that an injunction shouldn't have been granted; may be required before issuing any temporary, preliminary or permanent injunction
Indemnity to Sheriff Bonds: Usually guarantees payment if law enforcement officers experience damages or losses when seizing property; may be required before court-ordered writs of execution
Replevin Bonds: Usually guarantees the defendant will receive any seized property back if the court rules in favor of the defendant; usually holds plaintiff responsible for legal costs, fees and damages caused by the replevin

Examples of defendant bonds include:

Bail Bonds: Usually guarantees the payment of bail if a defendant violates the bail's terms; may be purchased to pay bail, as bail amounts are often quite high
Supersedeas (Appeal/Cost) Bonds: Usually guarantees the payment of all legal costs, court fees and damages should a defendant's appeal to a higher court be unsuccessful; may be required when filing an appeal

Because most court surety bonds provide relatively narrow protections, plaintiffs and defendants should work closely with an insurance agent who knows these bonds well.

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What are probate bonds?

Probate bonds are a type of fiduciary bond that normally ensures someone who has a fiduciary responsibility will act in accordance with their duty. Different types of probate bonds can be purchased for different reasons:

Administrator Bonds: Normally required to ensure the correct administration of a deceased person's estate if they have no will
Executor Bonds: Normally required to ensure the correct administration of a deceased's estate if they have a will
Conservator Bonds: Normally ensure that the conservator who's responsible for the assets of a minor/incapable individual properly handles the assets
Guardianship Bonds: Normally ensure that the guardian who's responsible for the assets of a minor/incapacitated individual properly handles the assets

How much do judicial bonds cost?

Rates for judicial bonds vary depending on what protections they provide, the amounts they're for and other factors. An insurance agent can help plaintiffs and defendants find out how much any judicial bond they need will cost, and an independent agent can help compare costs across several insurance companies' bond offerings.

How can plaintiffs, defendants and others get Vermont court bonds?

For help with any court bonds you might need, contact the independent insurance agents at Paige & Campbell Insurance. Our Vermont agents are well-versed in the various bonds that are available, and will help you find the right one(s) for your situation.

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