New York Injunction Bond
AmeriPro Surety Bonds | 844-589-9732
New York Court-Ordered Injunction Surety Bond |
New York Preliminary Injunction Bond
If you’re reading this, it is possible that after a recent court appearance, you, as Plaintiff (or legal counsel), have been ordered to obtain a Court injunction bond as a condition for the continuance of your legal proceeding.
The injunction bond is required of you, as a Plaintiff (again, or legal counsel) in case the court subsequently determines that your cause of action against a Defendant(s) was unwarranted or unjustifiable.
Since the Defendant(s) is being enjoined (you’ll also hear the phrase: temporary restraining order— TRO) in some way, the surety bond is a financial guarantee that should the court determine that the enjoining or restraining was wrongly issued, the Defendant(s) may be compensated for the loss or harm caused as a result of the restraining order.
Therefore, while the injunction bond is required of you as Plaintiff, the purpose of your injunction surety bond is for the benefit of the Defendant(s).
Your injunction bond amount; indeed, whether surety is required at all, will be at the discretion of the presiding Court.
Qualifying and the Premium
Our agency can provide you with your New York injunction bond in whatever amount is required.
However, for amounts up to, and inclusive of, a $25,000 surety requirement, we offer the injunction surety bond without a credit inquiry. In such cases, the premium will be 2%, or $100, whichever amount is greater.
Regardless of the amount of your injunction bond, we’ll need the following from:
- A copy of the Court Order which states that an injunction bond is required and the amount of such bond. This Order provides us with other information to be included on your bond: i.e. the name of the Court, parties to the case, case number, etc;
- A completed surety bond application which must be signed and witnessed (not notarized);
- For amounts greater than $25,000, a credit check is required. Good credit will be required or it becomes difficult, if not impossible, to have your bond approved without full cash collateral.
Upon approval after review by an underwriter and a credit inquiry, amounts greater than $25,000 are also approved at a premium of 2% of the amount required.
Once your surety bond is approved and the payment has been received, we’ll issue the bond to you immediately along with a Power of Attorney form.
Upon receipt of your bond by mail, the Plaintiff will sign the surety bond before filing it with the respective Court Clerk.
Annual Renewal of Your Premium
The premium associated with your New York injunction surety bond (or a New York temporary restraining order bond, which we also offer) is not a onetime payment.
The premium renews annually on the anniversary of your bond’s issuance. We advise Plaintiffs to prepare to pay the premium at least twice. Once when the bond is first issued; a second time at the first annual renewal.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide injunction bonds and temporary restraining order bonds wherever required nationwide.
Our agency is also a provider of other Court, license and permit, and probate surety bonds in New York and all 50 states.
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Or, you may fill out the form below and a Surety Agent will contact you.