Indiana Injunction Bond
AmeriPro Surety Bonds | 844-589-9732
Court Order for an Indiana Preliminary Injunction; Purpose
As a Plaintiff in a civil court proceeding (or legal counsel for Plaintiff), you may have been presented with a Court order to obtain an injunction surety bond as a prerequisite to obtaining a preliminary injunction.
In effect, this surety bond is required of a Plaintiff on behalf of a Defendant(s) in case the court subsequently determines, after further discovery and presentation of facts, that a preliminary injunction should not have been issued.
If such is the latter determination of the court, then the surety bond obtained serves as a financial guarantee that the one enjoined (i.e. the Defendant(s)) may be financially compensated for the loss and harm that occurred as a result of the injunction.
Indiana Code Title 34 Civil Law and Procedure § 34-24-2-6 describes the Defendants (if such a determination is made) as “…the aggrieved person for an injunction improvidently granted…”
Qualifying and the Premium
Our agency can provide the Indiana injunction bond in any amount required; and we also do so up to and inclusive of a $25,000 requirement without a credit check inquiry.
For an Indiana preliminary injunction surety bond of whatever amount, we’ll always need the following from you:
- A Court-order that states the amount of the injunction required. This order, besides providing us with the amount required, gives an overview of your case; as also the case number; the court venue, and other information which will be needed to complete your bond. No injunction surety bond can be provided without the Court order;
- A signed and completed surety bond application. The application, thankfully, is somewhat short.
- For bonds greater than $25,000, in addition to the above, a review by an underwriter which includes a credit check. For an injunction bond greater than $25,000, the applicant will need “good credit” in order to obtain approval.
If the bond is especially large, you may be asked to provide additional information. This typically includes financial statements and documentation which demonstrates the solvency of your business.
After approval of your bond and payment of the premium, our agency issues your bond to you immediately. We’ll sign your bond as Surety; and you’ll sign the original bond as Principal.
You’ll thereafter file your injunction bond with the Clerk of the Court.
Annual Renewal of the Premium
The premium associated with your Indiana injunction bond is not a onetime payment, but renews annually on the anniversary of the bond’s issuance for as long as the Court requires surety.
Options also exist to prepay your premium up to 3 years, which offers you a savings over annual renewals.
However, please note that premium paid are earned in full, and no refund or prorating of the premium is offered should your case be resolved within your surety bond term.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate and other surety bonds in Indiana and all 50 states.
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