Commercial Bonds

Commercial Surety Bonds

Commercial surety bonds cover a wide range of bonds that are often required by governmental entities with the purpose of protecting the public. Those bonds include license bonds, permit bonds, auto dealer bonds, mortgage broker bonds, notary bonds, seller of travel bonds, and telemarketing bonds.

Other types of bonds fall into the category of financial guarantee bonds. These bonds include sales tax bonds, utility deposit bonds, and financially responsible officer bonds. Often, letters of credit securing obligations in this category can be replaced with surety bonds.

Also, falling into the commercial bond category are bonds required by the courts. Guignard specializes in court bonds as listed below.

Court Bonds

Court Bonds are typically required in civil proceedings when taking action through a court of law. These bonds protect against possible losses resulting from the court case’s outcome.

Court Bonds are divided into two categories: Judicial Bonds & Fiduciary/Probate Bonds

Judicial Bonds:

Appeal Bond (also known as a Supersedeas Bond):An appeal bond is often required when a court decision has been issued and an appellant wishes to appeal the decision to a higher court. >>

Attachment/Garnishment Bond:This bond is required when a Plaintiff wishes to attach property belonging to the Defendant as security for a claim made against the Defendant while waiting for the case to make its way through the courts. >>

Injunction Bond:Injunctions are issued when the Plaintiff wants to prevent the Defendant from a certain action. >>

Replevin Bond:The act of Replevin allows a Plaintiff to take possession of property in question before a court trial begins. >>

Discharge of Mechanic’s Lien Bond (also known as a Release of Lien Bond):If a builder, contractor, or supplier is in a dispute over payment on a project they can file a Mechanic’s Lien on the property as a way to seek payment for their service or materials. >>

Fiduciary/Probate Bonds:

Administrator Bond (also known as a Personal Representative Bond or Executor Bond)An Administrator is a person legally appointed by the court to manage and dispose of the assets of a deceased person. >>

Guardianship BondA Guardian is an individual appointed by the court to manage the assets and/or day to day care of a minor child or an adult deemed incompetent to handle their own affairs. >>

VA Fiduciary Bondmuch like a guardian bond, an individual who is appointed as Fiduciary of any individual entitled to receive VA benefits... >>

Receiver BondA Receiver is an independent party appointed by the court to receive, manage, and preserve the property of others. >>

Trustee BondA Trustee is an individual or member of a board appointed to control or manage property and other assets held in trust. >>

License & Permit Bonds

Auto Dealer Bonds
Mortgage Broker Bonds
Contractor License Bonds

Fidelity & Probate Bonds

Executor and Administrator Bonds
Trustee Bonds
Guardian Bonds

Financial Guarantee Bonds

Utility Tax Bonds
Waste Hauler Bonds
Financially Responsible Officer Bonds

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