• November 28, 2017

The Importance of Working with a Court Approved Bond Company

The Importance of Working with a Court Approved Bond Company

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When it comes to obtaining court bonds, it is essential to find and work with a court-approved bond company. It may come as a surprise to many that not all surety bond companies are approved by state and federal courts. There is a general list of federally approved sureties that attorneys should always check to find out which surety bond companies are already approved.

The Clear Benefit of Approved Sureties

It doesn’t matter which type of court bond you are looking to obtain — whether it’s an injunction bond, replevin bond, indemnity bond, etc. — time is usually an important factor. The court often sets a time limit for obtaining surety bonds, and failure to obtain an approved bond in that time could result in setbacks to your case. In order to ensure that you have the best chance of getting a bond on time, it is essential to work with an approved surety.

Avoid Unnecessary Risks

Federal courts have a list of approved surety companies that are certified to provide bonds. If you don’t work with one of these companies, you also risk having your bond rejected by the courts. Always check with the courts to ensure that the surety agency you are using is approved. Don’t risk having your bond denied by the courts when your case is on the line.

It should also be noted that, should your court action go to the federal level, you will need to work with a federally approved surety when obtaining a bond.

The Path of Least Resistance

The most time-efficient, easy and surefire way to ensure you are working with a court approved surety is to ask your surety agency. The right surety agency will be partnered with federally and state approved sureties. If you have a surety company in mind, your surety agents should be able to tell you if they are approved. If you do not know which surety company to choose, the agency you work with will be able to recommend a company to you based on the type of bond that you need.

This is just one of the many benefits of working with a company like The Patrick J. Thomas Agency. Licensed to bond in numerous states, The Patrick J. Thomas Agency only works with federally and state approved sureties. We have over 50 years of experience, and we can help you navigate the surety process with ease.

Contact our team today to find the right surety bond for your case.

 

Disclaimer: this is for informational purposes only and is not intended to be legal advice. If you need legal counsel, please contact an attorney directly.