The Bond

What is a bond?

The Bond offers financial protection to a Claimant in the event of misappropriation by the Appointee.

 

Why is a Bond needed?

Our team has over 30 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.

During that time it has been observed that Claimants do not have the same financial protection and if misuse of funds occurs there is little or no recourse for the Claimant as there has been no Bond available…..until now!!

 

What do we offer?

Claimants under an Appointeeship can now benefit from the same financial protection clients under a Deputyship have experienced for years.

 

We have developed a brand new Bond specifically tailored for Claimants and Appointees. The Bond offers £16,000 of cover in the event of misappropriation by the Appointee.

 

Cost

The Bond only costs £35.00 a year

 

The Insurer

Aviva Insurance Limited are the Surety Company, who would pay out in the event of a valid claim.

 

Extra Cover

The Bond also has a unique extra level of protection as it covers Appointees if an honest mistake made by them results in a financial loss.

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