Subsequent project of cash bond will not be accepted by the court. The party posting the cash bond will be required to complete an Affidavit of Ownership stating the owner of the funds and provide his/her addresss. Bonds could also be posted with the courtroom for bail, enchantment, TRO and different issues as ordered by a choose. Bonds may be ordered to be posted within the form of money, secured bond via a surety, property, or a combination of these forms.
The bond is mailed on to the employer by The McLaughlin Company in Washington, DC as agent for Travelers. Upon ORDER from the courtroom, the appropriate action might be taken. All cash positioned as bail in a legal matter in this courtroom is taken into account to be the property of the designated “owner” on the Affidavit of Ownership completed on the time the bond was posted. You will observe that the receipt for the cash bail cost indicates that the funds are “Received From” the proprietor and “Paid for” the defendant.
It insures the employer for any type of stealing by theft, forgery, larceny or embezzlement. It does not cowl legal responsibility because of poor workmanship, job injuries or work accidents. It isn’t a contract bond, efficiency bond or license bond generally wanted to be self-employed. A Fidelity Bond is a business insurance policy that protects the employer in case of any lack of money or property due to employee dishonesty. The employer must make the applicant … Read More