OPG Deputyship and Guardianship Surety Bonds

Tender description

The Authority has concluded a tender to procure the provision of a service for surety bonds, for both deputy and guardianship bonds. The Surety Bonds requirement exists to safeguard individuals for whom a Deputy or Guardian has been appointed. In most cases, the Court of Protection requires Deputies or Guardians to provide a form of ‘security’ – a safeguard designed to protect the financial interests of individuals who lack capacity or who are missing. This security is typically provided in the form of a Surety Bond, which is guaranteed by an insurance company and remains standard practice under current legal arrangements.  The requirement is for a sole supplier to deliver the Surety Bonds for Deputies and Guadian’s consisting of:  Responsible and accountable for the end-to-end provision, administration and management of all Surety Bonds  Compliant with statutory obligations .