The Expert Podcast

• What is a surety bond for a court appeal and how does it function?
• Exploring the concept amidst recent high-profile cases.

• If you lose a lawsuit and want to appeal, you typically have to pay the judgment amount upfront.
• Appeal bonds provide an alternative: posting a bond equal to the judgment amount allows you to delay payment during the appeal process.

• Example scenario: You lose a $10,000 lawsuit and decide to appeal.
• Instead of paying $10,000 upfront, you purchase an appeal bond.
• The bond amount can sometimes exceed the judgment to cover interest and ensure security.

• The bond fee, set by the bonding company, is typically lower than the bond amount.
• For instance, a $15,000 bond might only cost a few hundred dollars.

• If you win the appeal, you avoid paying the original judgment but still pay the bond fee.
• If you lose, the bond ensures the plaintiff receives their due, and you must reimburse the bonding company.

• Appeal bonds aren't free money; they ensure financial responsibility.
• They're advantageous for defendants confident in their appeal prospects, sparing upfront costs.

• For further questions on appeal bonds or any legal bond matters, visit riskcoverage.com for a consultation with a licensed surety bond producer.