Injunction Bonds
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What Are Injunctions?
Injunctions are court orders in a civil suit that prevent the defendant from performing a certain activity or force them to perform a certain act. A court may order an injunction against a defendant to protect the plaintiff or preserve evidence in a lawsuit.
What Is an Injunction Bond?
An injunction bond is a type of court surety bond that indemnifies a defendant from foreseeable losses due to dismissal of a lawsuit or unlawful accusations. The plaintiff must cover damages and court expenses the defendant incurs if the court determines the injunction was unnecessary.
Injunction surety bonds may also be referred to as TRO bonds, or temporary restraining order bonds.
If you're located in Texas, you may need a specific Texas TRO/injunction bond.
How Do Injunction Bonds Work?
Injunction surety bonds are contracts that legally bind three parties:
- Principal: The plaintiff who purchases the bond from the surety
- Surety: Company that issues the bond and backs the principal
- Obligee: The defendant placed under the injunction
Bonding helps prevent unlawful accusations by giving the defendant the right to recover damages from the plaintiff for wrongful injunctions.
Types of Injunctions
There are three primary types of injunctions:
- Temporary Injunctions: Short-term court orders also known as temporary restraining orders (TROs)
- Preliminary Injunctions: Pre-judgment court orders that last for the duration of the case
- Permanent Injunctions: Long-term and final court judgments that indefinitely stop or force actions
The injunction type will impact the surety bond amount, duration and cost. For example, TRO bonds for temporary restraining orders are cheaper and quicker to get than permanent injunction bonds.
How Much Do Injunction Bonds Cost?
The court will determine the injunction bond amount necessary for each unique case. Injunction bond premiums typically cost just 1–3% of the total bond amount, however exact pricing varies based on credit score.
How Do I Post a Bond for Injunctive Relief?
SuretyBonds.com proudly provides the fastest and easiest way to get an injunction or TRO bond. Just follow these simple steps:
- Determine your bond amount with the court
- Apply online at SuretyBonds.com
- Submit supporting court and financial documentation
- Pay your bond premium
- Sign the bond form and indemnity agreement
- File your bond with the court
How Fast Can I Get an Injunction Bond?
After you apply and submit documentation, we can typically issue your bond within one business day. Select overnight shipping at checkout if you’re in a rush.
Can I Get an Injunction Bond With Bad Credit?
Due to their risky nature, it can be difficult to get an injunction bond with poor credit. If you’re ineligible based on personal financials, we may be able to issue your bond with a cosigner or collateral. Contact a surety expert today to explore your options.
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