What Is A Fiduciary Bond ?
A fiduciary bond is required of those who oversee another person’s assets. This could be because of a disability or death. The surety bond acts as insurance that the fiduciary will handle assets legally and ethically and compensate any who are the victims of fraud by the fiduciary. This bond is very similar to an estate bond, executor bond, or probate bond.
Before a fiduciary purchases a bond from an agency, he or she must submit themselves to a credit check, have their application approved, and go through other screening processes.
Ox Bonding is prepared to help fiduciaries purchase executor bonds with a free quote, knowledgeable staff, and friendly customer service. Get started now!