Surety protection for beneficiaries, heirs, and creditors.
Learn more about fiduciary bonds.
A fiduciary is a person appointed by the court to handle the affairs of persons who are not able to do so themselves.
There are several different types of fiduciaries.
The fiduciary is often called a Guardian or Conservator if they handle the affairs of a minor or an incapacitated person. An Administrator is a fiduciary who handles the affairs of someone who has died; he or she is known as an Executor if specifically named in the will.
Fiduciaries are often required by statute, courts, or wills to be bonded. Statutes prescribe how fiduciaries should handle others’ affairs. However, the surety company often assists in keeping the fiduciary within the law.
Assistance of a surety is available to the principals or their attorneys. Supervision by the surety helps prevent problems and secure the assets entrusted to the fiduciary. Through careful underwriting practices, a surety also attempts to minimize losses.
In addition to the loss prevention services performed by a surety, the bond creates protection. If there should be a loss, the surety pays heirs, wards, creditors, and beneficiaries.
Available Policies and Rates
Source: CNA Surety. Reprinted with permission.
Fiduciary Bonds Information Request
As an independent agency, we are here to help you find the right solution.
It only takes a minute to get started.
- Fill out the form, we’ll be in touch.
- Review options with a bond team member.
- Get the coverage you need.