At Affordable Bails New York inc., our sister company Consolidated Surety Services(Affordable Immigration Bond Brokerage) can and will handle all types of Surety bonds. Our rates are generally between 1-5% of the bond amount. Most bond rates are based on credit score of the person asking us to post the bond. In most situations we can have an answer to you in the same day. However some bonds carrier a greater risk may require an application and approval. In either instance we will be with you or your client every step of the way. Call us at 888-932-2458 and speak to a real agent.
LICENSE AND PERMIT BONDS
License and permit bonds, also known more simply as “license bonds” or “permit bonds”, are a specific type of commercial bonding. Government agencies require business owners in certain industries to purchase these bonds before they can be legally licensed. They protect consumers by guaranteeing businesses adhere to laws and other regulations enforced by federal, state and local government agencies.
Judicial Bond Types
Judicial bonds protect against the uncertainties involved with court proceedings and are typically required to limit losses that could result from a ruling. Since surety underwriters cannot easily predict the outcome of court rulings, these bonds are considered to be fairly risky, which means judicial bonds can be difficult to qualify for.
Before they agree to hear a case on appeal, many courts require individuals to post a surety bond. The appeal bond’s purpose is to guarantee the original judgment will be paid in full if the appeal were to fail. These bonds essentially discourage people from filing frivolous appeals that would waste the court’s time. SuretyBonds.com can issue appeal bonds, but applicants typically must post collateral worth 100-110% of the bond amount in the form of cash or an irrevocable letter of credit (ILOC).
This type of bond ensures that a person in jail will appear in court after being released back into the public. If the accused person fails to do so, the bail money will be forfeited to the court. SuretyBonds.com does not currently issue bail bonds.
Probate/Fiduciary Bond Types
“Probate bond” and “fiduciary bond” are interchangeable terms for bonds required of individuals who are appointed by the court to care for others or manage others’ assets. These bonds ensure that such caretakers fulfill their court-appointed duties, especially those related to funds management, according to the court’s expectations.
This surety bond type ensures that an appointed custodian will care for an individual and his or her finances honestly and according to court expectations. These bonds are frequently required of custodians who care for minors, the elderly, or disabled individuals. The terms “custodian bond” and “guardianship bond” are often used interchangeably. SuretyBonds.com can issue custodian bonds.
This bond ensures that estates are managed according to the wills of the deceased. Before an individual can officially be appointed as an executor, the court responsible for the estate might require a surety bond to be filed. SuretyBonds.com can issue executor bonds.
This is an umbrella term for bonds that guarantee individuals will fulfill court-appointed tasks, such as managing an elderly individual’s property and finances, ethically and in accordance with the court’s instructions. The terms “fiduciary bond” and “probate bond” are used interchangeably. SuretyBonds.com can issue fiduciary bonds.
This bond ensures that an appointed guardian will care for another individual and manage their property and/or finances ethically and according to court expectations. Guardianship bonds are typicallly required of those who care for minors, the elderly, or disabled individuals. The terms “guardianship bond” and “custodian bond” are often used interchangeably. SuretyBonds.com can issue guardianship bonds.
This is a generic term for bonds that guarantee individuals will fulfill court-appointed tasks, such as caring for a minor, honestly and according to the court’s instructions. The terms “probate bond” and “fiduciary bond” are used interchangeably. SuretyBonds.com can issue probate bonds.