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.