Not in Florida? Trustee bonds in other states

Florida trustee bonds.
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When the court or the trust instrument requires it, a trustee must post a bond. It guarantees the faithful performance of the trustee’s fiduciary duties. The court sets the amount to protect the beneficiaries — and we underwrite it. A surety specialist reviews your file and returns a quote, usually within one business day.

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Required when the court or trust calls for it under Fla. Stat. § 736.0702
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Amount is set by the court to protect the interests of the beneficiaries
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Underwritten on the trustee’s file; collateral may apply to a large trust
Underwrittencourt sets the amountA-ratedA.M. Best carriers1 daytypical specialist reply
Trusted by industry leaders
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New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
How it works

Built for the order requiring bond.

When a court orders a trustee to post bond, or a trust instrument requires it, that bond gates the trustee’s authority to act. Here is the whole process:

TODAY · 10 MINUTES

Send us the file

Apply online with the order or trust provision requiring the bond, the trust’s value, and the trustee’s details. The value of the trust drives the penal sum.

WITHIN 1 BUSINESS DAY

A surety specialist underwrites it

A specialist reviews the file, a credit check, and any financials, then returns a quote. The amount is set by the court — underwriting decides approval and any collateral on a large trust.

ON APPROVAL

Execute & file

Once you bind, we issue the executed bond on the required form with the power of attorney attached, ready to file so the trustee can act with full authority.

About this bond

What it is and who needs it.

When a trustee must be bonded

A trustee holds and manages trust property for the beneficiaries. Florida doesn’t bond every trustee — but when a court finds one is needed to protect the beneficiaries, or the trust instrument requires it, the trustee must give bond.

The trustee bond secures the faithful performance of the trustee’s duties: investing prudently, accounting honestly, and distributing as the trust directs. If the trustee breaches those duties, the bond makes the beneficiaries whole and the surety looks to the trustee to repay it.

Because the surety stands behind the trust, the bond is underwritten on the trustee’s credit and finances, and a large trust can require collateral. The court can also specify the trustee’s liabilities under the bond, and modify or terminate it later.

Florida StatuteFla. Stat. § 736.0702 of the Florida Trust Code provides that a trustee shall give bond to secure performance of the trustee’s duties only if the court finds a bond is needed to protect the beneficiaries or it is required by the terms of the trust and the court has not dispensed with the requirement. The court may specify the amount and the trustee’s liabilities, and may modify or terminate the bond.

You need this bond if you’re

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A trustee the court has ordered to post bond to protect the beneficiaries
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A successor trustee stepping in where the trust instrument requires bonding
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An individual fiduciary administering a trust without a corporate trustee’s exemption
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Counsel or a beneficiary arranging the bond so the trustee can administer the trust with full authority

The application takes about ten minutes.

These are the actual underwriting fields — the order or trust provision, the trust’s value, the trustee, and your finances. Submit once and a surety specialist returns a quote, typically within one business day. Free until your bond is issued.

Start the application →
FAQ

Common questions.

What is a Florida trustee bond?It is the bond a trustee gives to secure the faithful performance of fiduciary duties. Under Fla. Stat. § 736.0702, it is required only when the court finds a bond is needed to protect the beneficiaries or the trust instrument requires it and the court hasn’t dispensed with it.
How much does it cost?It is underwritten, not flat-rated. The court specifies the penal sum, sized to protect the beneficiaries. A surety specialist then reviews the trustee’s credit and finances and any collateral and returns a premium quote, usually within one business day.
Do all Florida trustees need a bond?No. Section 736.0702 only requires a bond when the court finds one is needed to protect the beneficiaries or the trust requires it. Where it is required, the court sets the amount and may later modify or terminate the bond.
Will I need collateral?Sometimes, especially on a large trust. Because the surety guarantees the trustee’s performance, a high penal sum may require collateral and financials. We tell you what your specific file needs before you commit.
How fast can the bond be issued?A specialist typically returns a quote within one business day of a complete application. Once you bind and any collateral is in place, the executed bond issues on the required form, ready to file so the trustee can act with full authority.
Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.
How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.
Related bonds

Other Florida bonds.

Get bonded and administer the trust.

Send us the order or trust provision and the trust’s value, and a surety specialist sizes, underwrites, and quotes the bond — typically within one business day. Free until your bond is issued.

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