What Are Legal Document Assistant Surety Bonds?
Legal Document Assistant Bonds (LDA Bonds) are license and permit surety bonds ensure that legal document assistants sufficiently satisfy their rendered services in accordance with all applicable laws and regulation, as well as operate within their own licensed abilities and limitations.
They also serve to protect clients from potential losses caused by their legal document assistant.
Who Needs A Legal Document Assistant Bond?
Legal Document Assistant Surety Bonds, also known as Paralegal Assistant Surety Bonds, are required for individuals who are responsible for preparing, providing and filing of legal documents on behalf of their clients. The bond is also required for those who provide, assist in providing or offer legal assistance to those choosing to represent themselves in legal matters.
How Much Are LDA Bonds Written For?
The penalty amount for a Legal Document Assistant Surety Bond will vary by state. The following are some of the more popular offerings from Pacific Surety:
- California – $25,000 Legal Document Assistant Surety Bond
- Nevada – $25,000 Legal Document Assistant Surety Bond
Please contact your local authority for information about Legal Document Assistant Surety Bond requirements in your state.
How Much Do Legal Document Assistant Surety Bonds Cost?
Pricing for Legal Document Assistant Surety Bonds will vary by state. An underwriter will review your application, and your premium will be based on the following factors:
- The State Requiring the Bond
- Amount of the Bond
- Term Length of the Bond
- Personal Credit for all Owners With at Least a 10% Ownership Stake in the Business
Individuals with good credit can expect to pay between 1% and 5% of the bond amount. This means qualified applicants could pay as little as $250 annually for a $25,000 Legal Document Assistant Surety Bond. To find out how much your Legal Document Assistant Surety Bond is going to cost, please complete our online application for your free, no obligation price quote.
Can I Get A Legal Document Assistant Surety Bond With Bad Credit?
Pacific Surety offers a wide-range of approvals, regardless of credit, for Legal Document Assistant Surety Bonds. With our strong surety relationships, we have the ability to approve 99% of applicants, regardless of how bad their credit is. Our knowledgeable underwriting staff will work with you to ensure you receive the lowest possible pricing for your bond. Applicants with substandard credit can expect to pay between 10 and 20% of the bond amount in premium. To see what rate you will qualify for, please complete our online application for your free, no obligation price quote.
Can The Premium for These Surety Bonds Be Financed?
Pacific Surety has an industry-leading premium finance program that gives our clients the ability to purchase a bond when the upfront costs might be prohibitive to them. Applicants who choose this option will pay a percentage of their premium as a down payment, and the balance of the premium will be paid in four (4) monthly installments. Please contact our staff for additional information regarding our finance program.
How Do I Get A Legal Document Assistant Surety Bond?
The first step is to complete our quick online application for your free, no obligation bond quote. Submission takes only five minutes, and our underwriting staff will be in contact with you within a couple of hours with pricing. If you prefer to speak with our knowledgeable staff, please call 1-866-722-7837 and one of our Underwriters will assist you in applying for your bond.
After you receive approval, you must sign an indemnity agreement with the surety and provide payment for your bond premium. In most cases, we can issue bonds the same day we receive your signed documents and payment.