We are pleased to provide Deputy Bonds for Professional Deputies. Our Bond fulfills all the requirements of the Office of the Public Guardian (OPG) and we have been approved by them to issue bonds.
The Bond guarantees to pay any financial losses suffered by ‘P’ arising from the Deputy’s failure to perform their duties as directed by the Court of Protection and/or OPG.
Cover & Services
The Bond has a range of features which has been tailored to the needs of ‘P’ and the Deputy. One of our main features is our payment options. We are the only bond provider to offer a one-off payment option enabling big premium savings and reduced administration.
The bond also have free retrospective cover and premium free discovery periods.
Our team has over 50 years’ experience issuing security bonds for Clients who are the subject of a Deputyship. Over the years these Bonds have been claimed against to recover millions of pounds due to misappropriation by Deputies.
We are able to offer bonds to Professional Deputies ranging from £10,000 to £5 million with a choice of payment options to best suit ‘P’.
Our one-off payment option starts from just £30 for a bond of £10,000. We are able to offer a ‘5 year payment option’ to spread the cost with no further premiums requested once 5 payments have been collected.
Aviva Insurance Limited are the Surety Company, who would pay out in the event of a valid claim.
Apply for your deputy bond online today
The bond can be purchased via our online application system. The application will only take a few minutes with confirmation document sent by email. You will then receive a payment invoice with details of the payment options available.
The key stakeholders also have key contacts within the sector to help implement the new products that we are introducing and will help to ensure that the appropriate cover is in place to meet the requirements of the Ministry of Justice, their associated departments if required, but most importantly, vulnerable people. We have every faith in their continuing excellent customer services, their attention to detail, safe TCF considerations and reporting to Aviva where necessary which have been their watchwords in the past.
Aviva’s relationship with the key stakeholders in Security Bonds Ltd goes back many years and we are aware of the decades of experience in this particular sector that the key stakeholders have. Through our existing relationship on similar matters they have consistently demonstrated an excellent knowledge of the subject matter and have appropriately and effectively dealt with the products and customers and provide us with the confidence to work with them going forward.