Types of Bonds Provided  (Click on bond type for definition.)

Surety Bond Markets

  • Old Republic Surety Company
  • Merchants Bonding Company
  • CNA
  • Western Surety Company
  • Zurich
  • Fidelity & Deposit Company of Maryland
  • The Hanover Insurance Company
  • Travelers
  • The Ohio Casualty Insurance Company
  • Liberty Mutual Surety
  • HCC Surety
  • ARCH Insurance

 

Milwaukee Court Bond Agency

P.O. Box 602  |  Butler, WI 53007

Phone: 262-781-BOND (2663)

© Copyright 2017

Estate Bond

An estate bond is essentially the same as a probate bond or executor bond. When someone dies or is disabled, a document such as a will usually details what is to become of that person's estate. The person who carries out the will sometimes needs to purchase an estate bond to ensure that proceedings are handled honestly and legally.

Guardianship Bond

A guardianship bond is required of a person who assumes legal custody of a minor or disabled person (unless otherwise stated in a will). The guardianship bond is a form of insurance that insures the well being of the minor or disabled person and protects against unethical or illegal actions.

Conservator Bond

Conservators are court appointed fiduciaries whose obligation is to manage another person's assets due to a lack of ability to legally act on his/her own behalf. Most conservators must have a surety bond known as a conservatorship bond. This bond protects the person being cared for from theft or mismanagement of their assets by the conservator.

Trustee Bond

A trust is an arrangement in which one person holds the property of another for the benefit of a third party, called the beneficiary. The beneficiary is usually the owner of the property or a person designated as the beneficiary by the owner of the property. A trustee may be either an individual or a corporation. A trustee manages the property as provided by the terms of the document that created the arrangement.

Replevin Bond

A bond given by a plaintiff in a replevin action to cover losses to the defendant or court officer seizing the property in the defendant's possession and transferring it to the plaintiff in the event that the plaintiff loses the case.

Injunction Bond

A type of judicial bond under which a plaintiff is held liable for damages in the event of a false injunction. The objective of this bond is to protect the party who has been wrongly accused by a plaintiff and suffers financial loss.

Lost Securities Bond

A lost securities bond, sometimes called a lost instrument bond or lost document bond, is required when a person or corporation has lost, mislaid or destroyed an original document that evidences ownership. Such instruments can be certificates of stock ownership, life insurance policies, common or preferred stock as well as federal, provincial, municipal or corporate bonds. The bond of indemnity, as it is also called, provides that the issuer of the replacement security will not suffer economic loss should the lost instrument turn up later.

Public Official Bond

A type of surety bond that guarantees the performance of public officials. Public officials are responsible for a broad range of property including fees that they collect, money that they handle, and bank accounts that they oversee. They may also be held responsible for misdeeds that result in a loss of public funds by those they supervise.

Supersedeas Bond

A supersedeas bond, also known as a defendant's appeal bond, is a type of surety bond that a court requires from an appellant who wants to delay payment of a judgment until the appeal is over.

Cost Bond

A cost bond is a promise to pay litigation expenses. It is provided by a party to an action as a guarantee of payment of any costs awarded against him or her. It guarantees the payment of the costs of litigation, such as court fees, payment to the clerk, sheriff subject to the terms and condition of the bond.

Appeal Bond

An appeal bond is used as a guarantee of payment of the original judgment of a court. When a judgment is appealed, a bond is usually required to guarantee that if the appeal is unsuccessful, funds would be available to pay the original judgment as well as costs of the appeal. This serves to discourage an individual from appealing merely to stall for time or for frivolous reasons.

Notary Bond

A notary bond is designed to protect the state from errors or misrepresentations made while a notary is performing his duties. The payment of a notary bond ensures that the state can be reimbursed for any loss that it incurs in the event that a notary betrays the public trust.

License and Permit Bonds

License and permit bonds, also known more simply as "license bonds" or "permit bonds," are a specific type of commercial bonding. Government agencies require business owners in certain industries to purchase these bonds before they can be legally licensed. They protect consumers by guaranteeing businesses adhere to laws and other regulations enforced by federal, state and local government agencies.

Motor Vehicle Dealer Bonds

Motor Vehicle Dealer (MVD) Bonds are required by the State of Wisconsin in order for a dealer to obtain a dealer license. The MVD Bond ensures that the dealer complies with all federal laws, state laws and tax and decision guidelines.