An injunction bond is a surety bond that is by order of a court and is required by the Plaintiff in a civil proceeding. The Plaintiff purchases the surety bond in favor of the Defendant, in case it is later determined that the Plaintiff’s cause of action caused the Defendant some unjustifiable financial harm.
The Hawaii court will determine the amount of surety bond they believe is sufficient.
For any Hawaii injunction bond (this is also referred to as a temporary restraining order bond or preliminary injunction), up to and inclusive of a $25,000 surety bond amount, the bond is offered to you without a credit check for 2% (minimum $100).
To qualify, you will need:
Thereafter, our agency issues this bond to you immediately.
For injunction bonds greater than $25,000, the difference is that the application must be signed by you, and there is also a review by an underwriter which involves a credit inquiry.
Good credit will be required for approval. The premium rate, however, remains the same at 2%.
After payment of the premium, our agency issues you your surety bonds and sends it to you by the following business day. For an additional fee, overnight delivery is also available.
For as long as your injunction bond is required by the court, the premium associated with your bond will renew on the anniversary of the bond’s issuance.
Options also exist to prepay your bond up to 3 years, thereby saving you over annual renewal of the premium; however, should your case be resolved beforehand and your bond exonerated, please take note that no refund in whole or part will be offered.
Again, the purpose of your injunction bond is to serve as a way for the Defendant to receive monetary damages in case it is determined that your cause of action as a Plaintiff was unwarranted. Rule 8 of Hawaii’s statutes discusses injunction while a case is on appeal.
AmeriPro Surety Bonds provides injunction bonds nationwide. We are also a provider of license and permit surety bonds in all 50 states.
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