Court bonds are used for various court proceedings. They generally fall into one of two categories, Judicial Bonds and Fiduciary/Probate Bonds.
Judicial bonds typically limit losses resulting from a court ruling. This makes them riskier because surety underwriters cannot know the potential outcomes of court proceedings. These bonds include Appeal Bonds, Bail Bonds, and Plaintiff Attachment Bonds.
Fiduciary/Probate Bonds are required of individuals that are court appointed to care for others or manage others’ assets, ensuring they fulfill their duties. These bonds can include Custodian Bonds, Executor Bonds, Fiduciary Bonds, Probate Bonds, and Guardianship Bonds.