Court Bonds

Category: Court and Fiduciary
Group: Surety Group

Each court bond is unique. Understanding what kind of bond the client is asking for, identifying the risk and knowing how to properly draft the bond are all critical. That’s why Tokio Marine HCC has a department dedicated entirely to court bonds.

Highlights

Fiduciary Bonds, Judicial Bonds

Best For

Attorneys

Summary of Coverage

The Advantage: Flexibility

Greater understanding means greater flexibility. Because our court bond underwriters understand how to accurately assess the risk in any specific court bond, we are often able to write bonds without collateral that others typically default to collateral. If collateral is necessary, our procedure for securing and releasing collateral is simple and straightforward.

Because of our specialized knowledge, we are comfortable writing a much broader spectrum of fiduciary bonds than others, including long-term guardianships, non-court-controlled trusts, special needs trusts, and even unique appointments. We have several programs facilitating the issuance of fiduciary bonds including:

Professional fiduciary program: Enrollment allows individuals who carry multiple fiduciary appointments to obtain pre-approval for a bond exposure limit.
Limited control agreement program: We have established monitoring programs with several brokerages that allow otherwise unqualified applicants to qualify subject to estate assets being placed with and monitored by such programs.

Lawyers

Lawyers professional liability coverage protects law firms with up to 35 attorneys.

Why Tokio Marine HCC?

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance. Our products and capabilities set the standard for the industry, and many of our almost 3,000 employees are industry-leading experts. Each of our highly entrepreneurial businesses are equipped to underwrite special situations, companies and individuals, and acts autonomously to deliver effective solutions.