What Is an Appointeeship Security Bond?

The Appointee Security Bond has been introduced by Security Bonds Ltd and Aviva Insurance with help from The Money Carer Foundation who had the idea and promoted the development of the bond in 2015.

Purchasing a security bond represents best practice for any organisation or person looking to become an appointee as it follows the requirement by the Court of Protection for court appointed deputies to take out a security bond to protect the property and finances of the vulnerable person under their charge in most cases.

The bond costs £35 per year and protects the vulnerable person under appointeeship up to £16,000 in the event of theft or fraud by the appointee.

For non-professional appointees (family members and friends) the bond will recompense the vulnerable person in respect of honest mistakes made by the appointee without seeking financial redress from the appointee. 

How Are Appointee Bond Claims Made?

Local authority safeguarding teams can inform Deputy Bond Services to enable them to start the claim process for the vulnerable person that has suffered financial loss. The appointee bond will aim to compensate the vulnerable person within 7 working days.

Where Do I Buy The Bond?

An online portal to purchase the Apponteeship Bond will be available in 2020. Until then, please send your enquiry to Security Bonds Limited.

To refer a case for our appointeeship service please send an email to support@moneycarer.org.uk to receive our referral forms. 

Learn More about Appointeeship Below