pCall us! (860) 529-1737 Hablamos Español

Wethersfield, Connecticut

Slide background

Surety Bonds

If you are looking to conduct business in the State of Connecticut, you may be required to produce a Connecticut Surety Bond for your particular license or permit.   Whether your license is required by the State of Connecticut, a local government in Connecticut, or other Non-Connecticut entity (such as the U.S. Federal Government), Olde Liberty has access to the Connecticut Surety Bond solution for you!

Probate Bonds

Probate Bonds are key tools for protecting property and people when a person passes away. Upon death, an individual’s estate is handled through probate court.  Certain states require that a probate bond is secured to guarantee the performance of an estate’s executors.  These bonds are also often referred to as “executor bonds.”

Who Is Required to Purchase a Probate Bond?

In some states, the executor is required to purchase a probate bond. The executor is the individual in charge of the deceased’s estate, according to his or her will. If a person fails to name an executor, the probate court appoints one.  This person is responsible for inventorying and protecting the assets of the estate; contacting beneficiaries and potential heirs; having the estate appraised and paying off debts; ensuring taxes are calculated and paid; and disbursing the assets.

Why Require a Probate Bond?

These bonds help protect the estate and its beneficiaries from fraud, embezzlement or other illicit acts. Executors wield considerable power over finances, real estate and other significant holdings.  Requiring a surety bond helps give family members, heirs, and other stakeholders an avenue of recourse should the executor act in an improper or illegal fashion.  Some wills may stipulate that an executor bond is not required.

Where Can I Buy a Probate Bond and for How Much?

Probate bonds can be expensive and time-consuming to obtain.  With the help of Olde Liberty, probate bonds can be purchased from a reputable insurance carrier.  The premium varies depending on the value of the estate and the amount of any debt left by the estate.  Remember: If a probate bond is required, the estate cannot be processed until the proper bonding is obtained.

Contact Olde Liberty Insurance today for a comprehensive insurance review and a no-obligation, customized quote from some of the most reputable carriers in the state of Connecticut.

Request CT Insurance Quote

Request a Personal Insurance Quote!

We are committed to accurate quotes for insurance for residents throughout the state of Connecticut! Submit your information via this online form, and we will follow up, typically within a few business days.
  • Reports will be ordered to properly classify and rate your policy. These reports may include information about your claims and driving history, insurance score, and may include information about current and former members of your household. These reports provide information that may assist in determining your eligibility for insurance and the price you may be charged. Consumer reports may also be used for updates, renewals, or extensions of this insurance. We may also obtain and use a credit-based insurance score. We may use a third party in connection with the development of the insurance score. State privacy laws require that you are notified that personal information may be collected from sources other than yourself. This will include a loss history report showing your personal insurance claims history. Such information, as well as other information collected, may be disclosed in circumstances to third parties without authorization. A right to access and correction exists with respect to all personal information and a written notice will be furnished to you upon request.

Related Insurance