Our team has syndicated and placed bonds for many of the largest companies in the United States and abroad. We support single bonds from ten thousand dollars to those in excess of several billion dollars, ensuring each client has access to a cost-effective solution that allows the pursuit of legal options with confidence and clarity.
WTW has expertise in many different types of court bonds. Below are the common bonds we issue each day to ensure compliance with court orders:
An appeal bond is often required by the court system in order to stay execution of an adverse financial judgement. The bond allows the appealing party to delay enforcement of the judgement and provide a guarantee to the court that they will satisfy the judgement should the appeal be unsuccessful. The amount of this bond is often the size of the judgement plus court ordered interest and fees.
Court bonds are financial guarantee in nature; associated with a higher risk level and inherently making them more difficult to obtain. WTW will help guide an efficient process from verdict to bond placement and release. This comprehensive approach allows our clients to navigate legal proceedings with a full understanding of what options are available based on the jurisdiction and case specifics for each proceeding.
WTW Court Bond Solutions is responsible for educating clients with knowledge that may be specific to certain court jurisdictions. We constantly monitor any local court rules that could affect the placement of a surety bond such as bond amount, signatory requirements and power of attorney.
Court bonds can be a very valuable tool for companies to not only ensure compliance with the court system, but also a likely way to yield a more cost-effective form of security. The syndication of court bonds can sometimes be time consuming and complex. Our dedicated team will help in the following areas to ensure best in class service and terms:
Indemnity Negotiation
- Surety bonds are backed by a corporate guarantee in the form an indemnity agreement. These agreements are typically one to five pages long and contain many provisions outlining the rights and responsibilities of the surety carrier and client. This document details the primary methods of recourse for the surety company should an issue arise related to the bonded obligation. WTW has had success in negotiating these documents to be more advantageous to our client and less of a burden on their legal groups.
Bond Amount and Form
- Bond values are typically determined by the judgment amount of the case. Having said that, some local courts around the United States have specific requirements as it relates to verdict amount. Some states allow for 110%-150% of the judgement amount and others have a capped liability for the penal sum of the bond. Our team ensures we are familiar with local rules to gain a better understanding of the potential cost of credit. WTW also has a repository with thousands of bond forms that we have placed with courts across the country. This repository allows us to mitigate any potential issues with the court rejecting a bond.
Maximizing Surety Bond Credit
- Our group has access to all the major companies that provide bonding for court obligations. We leverage our experience and expertise with carriers who are responsible for providing this important capacity. Proactive discussion can represent a very crucial differentiator for certain bonds placed with the court. WTW will ensure that any deadlines are met based on our accessibility to key decision makers.
International Court Bond Solution Expertise
- We specialize in negotiating support for clients with foreign domiciles. Which create complex credit analysis and indemnity negotiations. WTW has a proven track record of securing efficient capacity at market leading terms and conditions for clients with limited or no operation in the United States.
WTW has an essential understanding of the intricacies of court bonds. Our continued investment in thought leadership and resources ensures we are meeting our client’s legal needs. This unique, consultative approach has been tested with the courts and will deliver measurable results.
