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Guidance: Surety bonds: Public Guardian practice note

Office Of The Public Guardian

April 11
12:14 2023

Details

The Office of the Public Guardian (OPG) supervises deputies appointed by the Court of Protection.

The court tells most deputies to get a surety bond (also called a security bond). The bond is insurance that protect the assets of the person whose affairs and property the deputy is managing.

OPG has set up a scheme for surety bonds, but deputies can get a bond from a provider that isnt in the scheme.

With effect from 1 April 2023, the scheme is now administered by?Howden UK Limited, Marsh, and Security Bonds Limited. Security Bonds Limited are not yet in a position to offer bonds but should begin to do so in the coming weeks.

This practice note (SD15) explains what OPG expects from a bond provider, so that its surety bonds are suitable for deputies.

Published 6 December 2012
Last updated 11 April 2023 +show all updates
  1. Updated to reflect changes to the 'Scheme' - a framework of three providers instead of the single provider previously available.

  2. We have made a change to the section 'Expectations for the Bond' to reflect a recent court ruling.

  3. Added Welsh-language translation

  4. Practice note has been updated to reflect a change to OPG's approved bond supplier from October 2016.

  5. First published.

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