Judicial Bond
What is a judicial bond?
A judicial bond is a type of court bond that ensures defendants and plaintiffs can pay for the costs of a lawsuit or other legal action. Judicial bonds include various kinds of bonds related to civil court proceedings and are required by a judge. They are also required by the United States Admiralty Courts.
Let’s say that one party (the defendant in a case) suffers damages due to an unjustified special privilege granted by the court to the plaintiff. In this scenario, the plaintiff’s bond can compensate the defendant to help cover the damages.
In short, a judicial bond protects one party against losses unjustly caused by an opposing party. Court bonds are court-ordered bonds. Judicial bonds are judge-ordered bonds.
Get Your Judicial Bond:
Quick Takeaways
- A judicial bond is a type of court bond that guarantees defendants and plaintiffs can pay for any costs related to a lawsuit or other legal action for which they are responsible.
- The court may require you to obtain a judicial bond before you may enter a civil proceeding if you seek a special right or remedy before a final court decision is made.
- There are various types of judicial bonds that fall into two main categories: plaintiff bonds and defendant bonds.
- The court will set your surety bond requirement.
How do judicial bonds work?
The court may require you to obtain a judicial bond before entering a civil proceeding if you seek a special right or remedy before a final court decision is made. By signing the bond agreement, you promise to pay the party on the opposing side of a legal action if you fail to perform your duties properly.
A judicial bond can help you achieve your goal in court – if you have the financial stability required to get bonded. The bond guarantees that you can pay for any costs that arise related to the legal action you plan to take against an opposing party. For example, as a plaintiff, you may intend to take possession of the defendant’s property without a trial.
Types of Judicial Bonds
There are various types of judicial bonds that we can break down into two main categories: plaintiff bonds and defendant bonds.
Plaintiff Bonds
A plaintiff must obtain a plaintiff bond to protect the defendant if the plaintiff loses the lawsuit. If the defendant loses money because of how the court proceeding plays out, the plaintiff will be held financially liable for covering the damages. The bond will cover the costs involved for the plaintiff upfront, but the plaintiff must repay the surety in full. Here are several common types of plaintiff bonds:
- Attachment bonds
- Replevin bonds
- Cost bonds
- Indemnity to sheriff bonds
- Injunction bonds
- Claim and delivery bonds
Defendant Bonds
A defendant can also purchase a bond to counteract the effects of a plaintiff’s bond. A plaintiff bond may allow a plaintiff to carry out a special privilege (e.g., an injunction). The defendant bond, therefore, can block the plaintiff’s action or postpone the enforcement of a decree. Here are several common types of defendant bonds:
Frequently Asked Questions
What’s the difference between judicial bonds and probate bonds?
Judicial bonds and probate bonds both fall under the “court bonds” umbrella. A court bond is a general term encompassing any bond the courts require of parties wishing to pursue legal action.
- Judicial bonds are required for civil proceedings, ensuring a bondholder can pay any costs related to the legal action.
- Probate bonds are required when someone is appointed by the court to care for someone else or manage their assets. Another name for a probate bond is a fiduciary bond.
How do I get my judicial bond?
The court will set your surety bond requirement. You must then pay a percentage of the amount required as your premium when you purchase your bond. You will likely need to have a strong financial history and credit score to get a judicial bond. Include your court order with your application. You may or may not also be required to put up collateral in the amount of your bond.
Apply for a Judicial Bond in Your State
Complete our simple judicial bond application and then pay for and print your bond! If you have any questions or want us to walk you through the application process, call 888-435-4191.
About ZipBonds.com
Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”
Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.