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AmeriPro Surety Bonds offers the Florida appeal bond for cases which statutorily require an appeal bond of $1,000,000 or greater. In Florida, regardless of the amount, the appeal bond is never greater than $50,000,000 (subject to indexing for inflation). Please read our article and call AmeriPro Surety Bonds at:
844-589-9732

Florida Appeal Bond (Supersedeas Bond)  AmeriPro Surety Bonds

844-589-9732

 

Overview of A $1,000,000 (and higher) Florida Appeal Bond

 

In Florida, an appeal or supersedeas surety bond (the terms are used interchangeably) is required of either a Defendant or Plaintiff who wishes to stay an execution of an adverse monetary judgment for review by an appellate court. 

Florida’s Rule of Appellate Procedure, 9.310(b)(1)  indicates that the amount of the appeal bond must be:

  • The principal amount of the judgment;
  • Plus twice the amount of Florida’s “…rate of interest on judgments on the total amount on which the party has an obligation to pay interest.”

Florida statute on the limitations of the amount of the appeal, 45.045, further stipulates that:

  • Regardless of the amount of the appeal, the appeal bond amount will not exceed $50,000,000;
  • And that, however, this $50,000,000 limit can be adjusted to reflect inflation as found under the US Department of Labor’s Consumer Price Index (CPI).

Our agency works with clients and law firms who have an appeal (supersedeas) surety bond requirement of $1,000,000 or greater.  Clients must also meet other criteria, to include demonstration of financial viability. 

 

Qualifying and Approval of Your Florida Supersedeas Surety Bond

 

Our agency will ideally work both retained legal counsel and the client Plaintiff or Defendant towards meeting the 11th Circuit Court’s appeal bond requirement.  

The first thing to bear in mind is that even very well-capitalized appellants, with very rare exceptions, should prepare and assume that the approval of the supersedeas bond will be conditioned upon being backed by FULL collateral.  In other words, the appeal bond will not likely be issued based on a stellar credit score alone and your signature.

The most common form of cash collateral will be an Irrevocable Letter of Credit (ILOC) How Irrevocable Letters of Credit Work.  Furthermore, the Irrevocable Letter of Credit must be issued by an approved banking institution.  We will need the name and address of that institution (not initially, but preparing earlier is better).

To begin, our agency will need the following:

  • A copy of the appellant court order, or a letter from legal counsel (having all of the items that would be found in a court order), providing a summary of the case, and the supersedeas bond amount required.  The responsibility for determining the amount of the bond required is not provided by our surety agency;
  • A completed surety bond application, which we’ll provide to you.  Our preferred method, for both ease and efficiency, is to provide an application to you via Docusign.  Docusign will allow you to sign, complete, and return the application to the underwriters electronically ;
  • Documented financial statements from either you, and/or your company which is required to obtain the appeal bond.  The purpose here is to demonstrate that beyond the cost involved in your appeal, you and/or your company are financially solvent.  In this connection, something CPA prepared or reviewed would be ideal.

 

Approval and Issuance of Your Fl Appeal Bond:

 

Once the approval of your Florida supersedeas bond is obtained, you will then provide the Irrevocable Letter of Credit (if required, as discussed above) to the Surety, and the first annual premium to our agency.

Your bond is then issued to you for signing and filing with the Florida 11th Circuit Court.

 

Annual Renewal of Your Supersedeas Bond Premium

 

The premium associated with your Florida appeal bond renews annually on the anniversary of your bond’s issuance. It is not a one time premium payment. This is required for as long as the court requires surety.

We ask all of our clients to at the very least prepare to pay your premium at least three times:  

When your appeal bond is first issued, one year later, at the first renewal, and one year thereafter.  It is possible that your appeal bond may be required for a longer or shorter amount of time.

About Our Agency

AmeriPro Surety Bonds is a surety bonds-only agency.  We specialize in court surety bonds, throughout Florida.  In addition to appeal bonds, we also offer distress writ, replevin, attachments, injunction/temporary restraining order bonds and other court bonds needed.

Please call our agency today at:

844-589-9732

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