Learn more about indemnity to sheriff bonds, and apply today. Absolute Surety offers surety bonds nationwide through a convenient online application system.
What Are Indemnity to Sheriff Bonds?
Sheriffs are often charged with enforcing court orders to seize property of a defendant when financial damages or payment of a debt are sought by a plaintiff. That makes the sheriff (or other law enforcement agent) is vulnerable to being held liable for damages to or loss of the defendant’s property should anything happen to that property once in the sheriff’s possession. A Sheriff’s Indemnity Bond is a type of judicial court bond that protects the sheriff from any liability for the property.
Who Needs Them?
The court will order a plaintiff on whose behalf a sheriff or other law enforcement official is going to execute a court-ordered seizure of a defendant’s property to first purchase an Indemnity to Sheriff Bond. The plaintiff is required to provide this protection for the law enforcement officer(s) charged with seizing the defendant’s property.
How Do They Work?
The bond protects the law enforcement personnel involved in the seizure of a defendant’s property. There are three parties involved in the bond contract: the court requiring the bond is the obligee, the plaintiff required to purchase the bond is the principal, and the underwriter issuing the bond is the surety.
Suppose that the defendant tries to sue the sheriff for damages that occurred to the defendant’s property while it was in the sheriff’s custody. The sheriff would be entitled to file a claim against the bond. The sheriff could also file a claim against the bond if the plaintiff, the principal in the bond agreement, failed to pay the sheriff’s fee for enforcing the court-ordered seizure of the defendant’s property.
How Much Do They Cost?
The court sets the required bond amount. In most states, the bond amount is established at twice the judgement amount. The premium that you will pay depends largely on your credit score. Applicants with good credit usually pay as little as one or two percent of the bond amount. Applicants with poor credit should still be able to get bonded but will pay a higher premium rate.
If you need to purchase an Indemnity to Sheriff Bond, call and speak with one of our experienced judicial bond professionals.
"We just wanted to say THANK YOU! We really appreciate your professionalism and the fact you went above and beyond helping us to get the bond for the dealer’s license and mailed the next day was a huge blessing. We can only say THANK YOU, and we are at your service."
Miguel and Rita, TampaUsedCars.com