Hollywood Bonding Agency has been providing Surety Bonds since 1961. While we are a Full Lines Bonding Agency. We specialize in Fiduciary Bonds for Estates, Guardianships, Trusts, Special Needs Trusts, and Legal Custodian Bonds for VA benefits. We also handle Bid and Performance Bonds, Payment Bonds, Commercial Bonds, Court-Ordered Bonds, Public Official Bonds, Notary Bonds, License & Permit bonds, Contractor/Tradesman Bonds, Dishonesty Bonds along with every other bonding need that may arise.

We understand the importance of meeting court deadlines. Some bonds qualify for instant approvals, while others may require additional information. Once we receive all required documentation, we strive to have your bond approved and ready within about 24 hours of submission. Some bonds require additional information due to the complexity of what is needed. We only work with top-rated surety companies in the US to ensure financial stability and reliability.

To get started, for Estates and Guardianships under 50k, a Probate Bond Request Form may be completed online and submitted. For Notary Bonds, I need the name and address of the individual needing the Notary Bond. For all other bonds, applications are available to completed online then submitted or printed then completed and submitted. Please have your court orders or letters of appointment ready just in case they are needed, along with the bond type and bond amount required by the court. We’ll also need your contact details and basic case information. Depending on the bond type and amount, the Surety Company may request additional financial or background information, which we’ll explain clearly.

Yes, we frequently work with attorneys and law firms. We can set up attorney accounts through an underwriting process to streamline the approvals when Attorneys or Law Firms are acting as the Principal. No need to got through the application/underwriting process each and every time. Upon receiving an Order stating the need and amount of the bond, the bonds are pre approved with a thumbs up from the Surety upon a simple notification from us. This helps keep documentation organized and makes it easier to meet court filing deadlines.

The cost of a bond is filed with the State Department of Insurance to insure transparency. Premiums can be calculated by a percentage of the total bond amount set by the court, flat fee as in a Notary Bond or a $ amount per $1k needed. This premium is influenced by the type of bond, the risk of the case, and underwriting factors such as credit history or financial statements. Most Fiduciary Bonds are billed as an annual premium, but multiple years can be paid at a discounted rate. We work to provide the most competitive rates from our top-rated Surety Companies.

While insurance protects you the insured, a surety bond is designed to protect a third party as in an Estate, Trust, Guardianship or a protected person from fiduciary malfeasance. If a claim is made against the bond and the Surety Company pays out upon a judgement. The Principal (the person bonded) is legally responsible for reimbursing the Surety Company. It is a financial guarantee required by the court to ensure the Principal fulfills their legal duties.