What is a Process Server Surety Bond?
These court surety bonds guarantee that the process server delivers the appropriate notices in compliance with all applicable laws and regulations, as well as within the expected timeframe and through prescribed methods. In the event that a process server does not fulfill their obligations and causes harm, a claim can be filed against this surety bond for relief.
Who needs a Process Server Surety Bond?
Process Server Surety Bonds are required for individuals engaged in personal service of process duties for a court of law. Process servers are tasked with hand delivering notices of impending litigation, such as a summons, complaint or petition, to various individuals.
Which states require Process Server Surety Bonds?
Pacific Surety proudly offers Process Server Surety Bonds in the following states:
If you do not see your state listed, please contact us and our knowledgeable underwriters will assist you.
What is the bond amount for Process Server Surety Bonds?
Bond amounts for Process Server Surety Bonds vary and are set by the local rules and statutes regulating the industry. Bond amounts and requirements will fluctuate from state to state. Please contact us with specific questions, and our knowledgeable underwriting staff will assist you.
How much does a Process Server Surety Bond cost?
Pricing for Process Server Surety Bonds will vary, and your premium will be based on the following factors:
- State the bond is required in
- Amount of the bond
- Term length of the bond
- Personal credit for all owners with at least a 10% ownership stake in the business
Individuals with good credit can expect to pay between 1%-5% of the bond amount. Qualified applicants could pay as little as $100 annually for a $10,000 Process Server Surety Bond. To find out how much your bond is going to cost, please complete our online application for your free, no obligation price quote.
Can I get a Process Server Surety Bond with bad credit?
Pacific Surety offers a wide range of approvals, regardless of credit, for Process Server Surety Bonds. With our strong surety relationships, we have the ability to approve 99% of applicants, regardless of how bad their credit is. Our knowledgeable underwriting staff will work with you to ensure you receive the lowest possible pricing for your bond. Applicants with substandard credit can expect to pay 5%-10% of the bond amount in premium. To see what rate you will qualify for, please complete our online application for your free, no obligation price quote.
How do I purchase a Process Server Surety Bond?
The first step is to complete our quick online application for your free, no obligation bond quote. Submission takes only five minutes, and our underwriting staff will be in contact with you within a couple of hours with pricing. If you prefer to speak with our knowledgeable staff, please call 1-866-722-7873 and one of our Underwriters will assist you in applying for your bond.
After you receive approval, you must sign an indemnity agreement with the surety and provide payment for your bond premium. In most cases, we can issue bonds the same day we receive your signed documents and payment.
Who does a Process Server Surety Bond benefit?
Unlike insurance, which protects your business, Process Server Surety Bonds benefit the state and to the parties the process server is assisting. If the principal (process server) fails to conduct business according to the terms of the bond, harmed parties can file a claim with the surety company for relief. If the claim is valid, the surety will pay up to the penal sum of the bond to resolve the claim. You are then required to reimburse the surety for all monies paid out, including any attorney fees incurred by the surety in the defense of the claim.
Claims can be detrimental to your business. Not only do they cause financial harm, they make it very difficult, if not impossible, to get bonded again.