An injunction bond, temporary injunction bond, or temporary restraining bond order is a court-ordered surety bond. This bond is required by the Plaintiff on behalf of and in favor of a Defendant(s) in a litigation proceeding.
The surety bond is required in case the court subsequently determines that the Plaintiff’s cause of action was without merit. The bond exists in order that the Defendant may recover financial loss – up to the bond’s amount – caused by the Plaintiff’s lawsuit proceeding which has subsequently been determined as lacking foundation.
Rule 65 of the West Virginia Rules of Civil Procedure, under Security, states that the injunction surety bond is required, " ...for the payment of such costs and damages as may be incurred or suffered by any party who is found to have been wrongfully enjoined or restrained."
Up to $25,000 Surety Requirement
For any up amount up to and including $25,000, our agency offers you the West Virginia injunction bond for 2% or $100, whichever amount is greater. We offer this without the delay involved with a credit inquiry and review by an underwriter.
To obtain your injunction surety bond, we’ll need:
Amounts Greater than $25,000
For an injunction bond greater than $25,000, in addition to the what is requested above, applicants will also undergo a credit review inquiry by an underwriter.
In order to qualify for the greater injunction surety bond requirement, you will need to have good credit, otherwise your application will be declined. The 2% premium rate still holds, and in both cases, once the bond’s has been approved and the premium paid, we issue the bond to you immediately.
You will be sent an original surety bond to sign as Principal along with a Power of Attorney form before filing it with your respective court.
The premium for the West Virginia injunction bond is not a onetime payment and renews annually on the anniversary of its issuance.
Options exist to prepay your bond for up to 3 years. Doing so offers you a savings over year to year renewal of your bond’s premium; however, should your case be resolved before the end of the bond term, no premium refund is offered.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide temporary injunction surety bonds nationwide. We are also a leader in providing license and permit bonds in all 50 states.
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