Either as a Plaintiff in a Court proceeding; or, legal counsel, or both, at a recent court appearance you may have been advised that in order to continue with your case, you will need to obtain an injunction surety bond.
Obtaining this surety bond is required in order for a temporary restraining order to be granted; a phrase that you’ll often hear in connection with an injunction. Our agency also provides the Vermont temporary restraining order surety bond, where an order has been issued ex parte.
The purpose of the injunction surety bond requirement is to serve as a financial guarantee --- in favor of the Defendant(s) --- if the Court subsequently determines that the restraining order should not have been issued.
If this determination is subsequently forthcoming, the Defendant(s) are allowed to proceed against the surety bond for any loss or harm caused as a result of the injunction.
Therefore, while the injunction bond is required of you, as Plaintiff, its benefit is on behalf of the Defendant(s) in a civil court proceeding.
The amount of the injunction surety bond will be determined by the Vermont court which is presiding over your case.
Our agency provides a Vermont injunction bond in whatever amount the Court order indicates.
In cases where the amount is up to, and including, a $25,000 surety bond amount, we offer this bond to you for 2% or $100, whichever amount is greater, without a credit inquiry or review by an underwriter.
Regardless of the amount, our agency will need the following from you:
Once your injunction bond is approved and the premium is paid, our agency issues you the following:
Upon receipt by mail, you’ll sign your bond as Principal, and file it, along with your POA form to the Clerk of the Court.
The premium associated with your Vermont injunction bond is not a onetime payment. Your premium will renew annually, on the anniversary of your bond’s issuance, for as long as the Court requires surety.
We tell clients to plan to prepay for your premium at least twice. Once, of course, when the bond is first issued; and the second time, the first year thereafter.
Rule 65 of Vermont’s legislation discusses specifically injunctions, and mention is made of a surety bond.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide injunction bonds, temporary restraining order bonds, and other Court-ordered surety bonds nationwide.
Our agency is also an online aggregator of license and permit, probate, and other surety bonds in all 50 states.
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