DEPUTY BOND SERVICES – BOND OF

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DEPUTY BOND SERVICES – BOND OF CAUTION INFORMATION
Deputy Bond Services (‘DBS’) are a specialist provider of Bonds of Caution (‘Bond’) for Interveners/Guardians
appointed by Sheriff Courts (‘Court’) in Scotland.
Please read all the information contained in this document and the Terms of the Bond highlighted on the Bond form carefully
before signing. Once processed this Bond can only be cancelled by the Office of the Public Guardian (Scotland) (‘OPG’).
• If the amount of Caution required is in excess of £1,000,000, we may require additional information.
Please contact us to establish whether a Proposal Form is required.
THE BOND OF CAUTION PROCESS
SECTION 1: BOND OF CAUTION DETAILS.
Please ensure all of the information required has been fully completed. We require the name of the Adult, the OPG
Reference Number, the Amount of Caution and the Premium Amount. To find the premium amount, you can go online
and use the premium calculator, or alternatively give us a call on 01202 449690.
SECTION 2: INTERVENER/GUARDIAN DETAILS.
Each person applying to become an Intervener/Guardian will need to complete their full name, date of birth, contact
details, confirm if they are acting in a professional capacity and sign and date accordingly. Please note that all fields must
be completed. Our main contact for correspondence will be Intervener/Guardian 1 unless otherwise instructed.
SECTION 3: Payment.
• Option 1: Cheque made payable to ‘Deputy Bond Services’.
• Option 2: Debit or Credit Card Payment over the telephone. Please send the completed Bonds of Caution form to
DBS first and we will call you to take the payment once we have entered the Bond on our system.
COMPLETION OF THE BOND FORM.
Please ensure all details have been fully completed and the Bond form has been signed. Please return the completed
Bond form together with your payment to: - DBS, 100 Holdenhurst Road, Bournemouth BH8 8AQ. The Initial Disclosure
and Key Facts Documents should be kept for your own reference. If you have any questions or wish to discuss any aspect
in more detail please do not hesitate to contact us using the information below.
CREDIT CHECK.
Please note that we are required to complete a Credit Check on all Interveners/Guardians who are not acting in a
professional capacity. A ‘Professional Intervener/Guardian’ would be formally paid for their services and hold
Professional Indemnity insurance. We are required to share adverse results with the OPG. By signing the Bond of
Caution you are agreeing to the above.
Once the Bond has been processed we will send you confirmation documentation. We will also notify the OPG that the
Bond has been completed.
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DEPUTY BOND SERVICES - CONTACT DETAILS
01202 449690
[email protected]
100 Holdenhurst Road, Bournemouth, Dorset BH8 8AQ
www.bondsofcaution.com
Deputy Bond Services is a trading name of Property & Commercial Limited which is authorised and regulated by the Financial Conduct Authority.
Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 8206861
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BONDS OF CAUTION ARRANGED BY DEPUTY BOND SERVICES
initial disclosure document
PLEASE READ THIS DOCUMENT CAREFULLY. IF YOU HAVE ANY QUESTIONS REGARDING THIS DOCUMENT PLEASE CONTACT US
ABOUT DEPUTY BOND SERVICES
Deputy Bond Services (DBS) is a trading name of Property &
Commercial Limited, which is authorised and regulated by the
Financial Conduct Authority (FCA). Registered address: The
Walbrook Building, 25 Walbrook, London EC4N 8AW. FCA Register
number is 591070.
HOW DEPUTY BOND SERVICES HANDLE YOUR MONEY
We may hold money on your behalf, either paid by you to be passed
on to the Surety Company or paid to us by the Surety Company to
be passed on to you. For your protection, money received from
you, or to be paid to you will be held by us in accordance with the
Financial Conduct Authority rules.
You can check this on the FCA’s Register by visiting the FCA’s website
www.fca.org.uk or by contacting the FCA on 0800 111 6768.
In this instance, we will hold money as agent of the Surety
Company under a ‘risk transfer’ process. Under risk transfer, we
have an agreement with the Surety Company to hold money as
their agent. Money we receive, either from you or from the Surety
Company will therefore be the property of the Surety Company
whilst we hold it. Therefore, if you pay money to us, it is treated
as having been received by the Surety Company and if we do not
pay it over to the Surety Company your bond will not be affected.
Similarly, if the insurer pays claims money or a return premium to
us for onward transmission to you and we do not pay you, then
the insurer will still be liable to you. Where we do not use ‘risk
transfer’, we will notify you separately.
THE FINANCIAL CONDUCT AUTHORITY
The FCA is the independent statutory watchdog that regulates
financial services. Use this information to decide if our services are
right for you.
IF YOU ARE NOT HAPPY WITH OUR SERVICES
We hope that you will be very happy with the service we provide.
However, if you have any need to complain about the arrangement
or administration of your Bond of Caution, please contact: • Client Relationship Manager
Deputy Bond Services
100 Holdenhurst Road
Bournemouth, Dorset BH8 8AQ.
• Telephone Number: 01202 449691
We will acknowledge your complaint within 5 working days and
detail our complaints procedure to you.
If we are unable to settle your complaint you may be entitled to
refer it to the Financial Ombudsman Service, details can be found
at www.financial-ombudsman.org.uk
The Financial Ombudsman Service can be contacted at:
• South Quay Plaza
183 Marsh Wall
London E14 9SR
• Telephone Number: 0800 023 4567
THE FINANCIAL SERVICES COMPENSATION SCHEME
We are covered by the Financial Services Compensation Scheme
(FSCS). You may be entitled to compensation from the scheme
if we or the Surety Company are unable to meet our respective
obligations. Further information about compensation scheme
arrangements can be found on the FSCS website www.FSCS.org.uk
The FSCS can be contacted at:
• 10th Floor, Beaufort House
15 St Botolph Street
London EC3A 7QU
• Telephone Number: 0800 678 1100
OUR REMUNERATION
We are paid for administering the Bond of Caution by commission
from the Surety Company that forms part of the premium.
We will deduct any commission entitlements before paying
premiums to the Surety Company, and therefore you will not pay a
further, separate, fee for our services.
DATA PROTECTION ACT – PERSONAL DATA
Your personal data, will be held and processed by DBS, for the
purpose of the administration of Bonds of Caution and any claims.
It will be handled in accordance with our obligations under the
Data Protection Act 1998. We may pass your information to the
Court, Office of the Public Guardian (Scotland), Surety Company,
Loss Adjusters, Reinsurers, Government Agencies and any other
third parties, in each case as required by law or as reasonably
required for the purposes of placing bonds of caution.
Under data protection legislation private individuals can ask in
writing to DBS for a copy of certain personal records held about
them. A charge of up to £10 may be made for this service. Please
promptly notify us of changes to your personal data - it is your
responsibility to ensure that the personal data that we hold about
you is accurate and up to date.
THE SURETY COMPANY
DBS will place the cover with Evolution Insurance Company Limited
only, unless we inform you. We are unable to offer any advice or
recommendation on your choice of provider.
We have a delegated authority agreement with Evolution which
allows us to bind the Bonds of Caution on their behalf and issue
documentation.
In placing Bonds of Caution for Interveners/Guardians we act as
the Interveners/Guardians’ agent. Should you instruct us to bind
this Bonds of Caution with Evolution, we would be placing your
Bonds of Caution through the binding authority granted to us by
them.
Deputy Bond Services is a trading name of Property & Commercial Limited which is authorised and regulated by the Financial Conduct Authority.
Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 8206861
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BOND of caution ARRANGED BY DEPUTY BOND SERVICES
KEY FACTS DOCUMENT
THIS IS A SUMMARY ONLY AND DOES NOT CONTAIN THE FULL TERMS AND CONDITIONS OF THE COVER. THESE CAN BE FOUND IN THE SURETY
BOND FORM THAT YOU SIGN AND SUBMIT TO US AND IN THE CONFIRMATION DOCUMENTATION WE SEND TO YOU.
NAME OF THE SURETY COMPANY
Evolution Insurance Company Ltd (Company Number 88737)
whose registered office is at Level 2, Ocean Village Business Centre,
23 Ocean Village Promenade, Gibraltar, issuing Bonds of Caution
in the United Kingdom under Financial Conduct Authority number
227649 and whose address for service of Bonds of Caution in the
United Kingdom is at Evolution Insurance Solutions Limited, 53a
High Street, Saffron Walden, Essex CB10 1AA
CANCELLATION RIGHTS
You do NOT have the right to cancel this Bond. It can only be
cancelled on the instructions of the Court/OPG.
BONDS OF CAUTION (The Bond)
This is a guarantee by Evolution to pay as notified by the Office of
the Public Guardian (Scotland) any financial losses suffered by the
Adult, up to the amount of Caution specified in the Bond, arising
from the failure of a Financial Intervener/Guardian to perform
their duties.
Please contact Deputy Bond Services who arranged the Bond at: • Client Relationship Manager
Deputy Bond Services
100 Holdenhurst Road
Bournemouth, Dorset BH8 8AQ
• Telephone Number: 01202 449691
SIGNIFICANT FEATURES
The amount of Caution is set by the Sheriff Court, and only the
Court has the right to increase or decrease the amount of Caution.
The Bond will be automatically amended if a Court Interlocutor is
issued changing the amount of Caution. You will receive notification
of any change by letter. Please note that you will not be required to
sign a new form to agree to this amendment.
You will be advised of any change to the premium due at the next
due date as a result of this change.
SIGNIFICANT AND UNUSUAL TERMS
You (and your legal Personal Representatives and estates) are
jointly and severally liable to recompense Evolution for their loss
and costs should the Office of the Public Guardian (Scotland)
(OPG) or the Court forfeit this Bond. Evolution will take such
action as appropriate against you personally to recover their loss.
If there is more than one Intervener/Guardian appointed you are
each liable for the actions of all the other Intervener/Guardians.
PREMIUM PAYMENT
You must pay from the estate of the Adult, the initial and all future
premiums by the due date in respect of the Bond. If you fail to do
so Evolution may apply to the OPG to be relieved of further liability.
COMPLAINTS
We hope that you will be very happy with the service provided.
However, if for any reason you are unhappy with the service we
would like to hear from you.
The details of their complaints process is included in the Initial
Disclosure Document document they have provided to you.
FINANCIAL OMBUDSMAN SERVICE
If you are not satisfied that your complaint has been resolved you
may be entitled to refer it to this independent body for review. The
contact details are:
• Financial Ombudsman Service
South Quay Plaza
183 Marsh Wall
London E14 9SR
• Telephone Number: 0800 023 4567
Following the complaints procedure does not affect your right to
take legal action.
FINANCIAL SERVICES COMPENSATION SCHEME
The business of Evolution is covered by the Financial Services
Compensation Scheme. A claimant under the Bond may be
entitled to compensation from the scheme if we cannot meet our
obligations, depending on the type of business and circumstances
of the claim. Further information about compensation scheme
arrangements can be found on the FSCS website www.FSCS.org.uk.
You are not entitled to any refund in the event of early termination
of the Bond, or reduction in the amount of Caution.
HOW A CLAIM IS MADE
The Court/OPG are the only bodies that can initiate a claim on this
Bond.
The original signed Bond, held by DBS, will be forwarded to
Evolution with the Court/OPG’s direction for payment.
DURATION OF THE BOND
The Bond remains in force until the requirement for you to provide
Caution is discharged by the Court.
Evolution Insurance Company Ltd (Company Number 88737) whose registered office is Level 2, Ocean Village Business Centre, 23 Ocean Village Promenade, Gibraltar issuing
Bonds of Caution in the United Kingdom under Financial Conduct Authority number227649 and whose address for the service of Bonds of Caution is at Evolution Insurance
Solutions Limited, 53a High Street, Saffron Walden, Essex CB10 1AA
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OFFICE OF THE PUBLIC GUARDIAN (SCOTLAND) – BOND OF CAUTION
Section 1: Bond of caution Details
First Name(s)
Adult Details
Surname
Office of the Public Guardian Reference
Amount of Caution
Annual Premium
The Interveners/Guardians named on Page 5 of this Bond are required by the Office of the Public Guardian (OPG) under the
Adults with Incapacity (Scotland) Act 2000 to give Caution for their appointment as Interveners/Guardians for the above named
Adult. The Interveners/Guardians by signing this Bond of Caution (the Bond) have requested Evolution Insurance Company
Limited (FCA Firm Reference number: 227649) or its successors (the Surety Company) to provide this Caution and agree to be
bound by the terms detailed below. The Surety Company by signing this form agrees to this, subject to the terms below.
TERMS OF THE BOND
1. The Surety Company guarantees payment of the loss on first written demand, by one or more payments not exceeding in
total the Amount of Caution, to persons nominated by the Court or the OPG should I/We fail to carry out My/Our Intervener/
Guardianship duties
2. I/We accept the Amount of Caution ordered may be amended by Interlocutor at the direction of the Court or the OPG and
the Amount of Caution provided by this Bond shall automatically match the amount so ordered. I/We will be responsible for
payment of any future amended premium from the assets of the Adult.
3. I/We shall pay from the assets of the Adult the first and any further premiums due to the Surety Company and accept that in
the event of non-payment the Surety Company may apply for discharge of Caution.
4. I/We and My/Our personal representatives and estates shall remain jointly and severally liable should the Bond be made
forfeit and accept the Surety Company may take action to recover the amount of the loss suffered by the Adult.
5. The Interveners/Guardians and the Surety Company shall remain liable under this Bond until an Interlocutor is made by the
Court or instructions are received from the OPG discharging Caution.
6. I/We will carry out My/Our Guardianship duties given as personal undertakings in the application to be appointed as
Intervener/Guardian.
FOR DEPUTY BOND SERVICES OFFICE USE ONLY – DO NOT WRITE BELOW THIS LINE
Bond Received
Credit Check
Payment Received
OPG Ref Check
Rate
Agent
Client
Bond Number
DBS
Notes
Signed for and on behalf
of the Surety Company
Authorised Signatory
Dated
Deputy Bond Services is a trading name of Property & Commercial Limited which is authorised and regulated by the Financial Conduct Authority.
Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 8206861
Evolution Insurance Company Ltd (Company Number 88737) whose registered office is Level 2, Ocean Village Business Centre, 23 Ocean Village Promenade, Gibraltar issuing
Bonds of Caution in the United Kingdom under Financial Conduct Authority number227649 and whose address for the service of Bonds of Caution is at Evolution Insurance
Solutions Limited, 53a High Street, Saffron Walden, Essex CB10 1AA
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SECTION 2: INTERVENER/GUARDIAN DETAILS. TO BE FULLY COMPLETED BY THE INTERVENERS/GUARDIANS
IN SIGNING THIS FORM YOU CONFIRM YOU HAVE READ AND UNDERSTOOD THE TERMS OF THE BOND STATED ON PAGE
4 AND AGREE TO BE BOUND BY THESE. YOU ARE ALSO AGREEING TO A CREDIT CHECK IF YOU ARE ACTING IN A NON
PROFESSIONAL CAPACITY.
Intervener/Guardian 1 Information - Main Contact: All fields must be completed
First Name(s) inc. Title
Full postal address
including your
postcode
Date of Birth
Email address
Surname
D
D
M
M
Y
Y
Y
Y
Telephone No.
Will you be acting in a professional capacity and formally paid for your services and covered
under the Professional Indemnity cover for your firm?
Intervener/Guardian
Signature
Dated
Yes
No
Yes
No
Yes
No
Intervener/Guardian 2 Information: (if applicable) All fields must be completed
First Name(s) inc. Title
Full postal address
including your
postcode
Date of Birth
Email address
Surname
D
D
M
M
Y
Y
Y
Y
Telephone No.
Will you be acting in a professional capacity and formally paid for your services and covered
under the Professional Indemnity cover for your firm?
Intervener/Guardian
Signature
Dated
Intervener/Guardian 3 Information: (if applicable) All fields must be completed
First Name(s) inc. Title
Full postal address
including your
postcode
Date of Birth
Email address
Surname
D
D
M
M
Y
Y
Y
Y
Telephone No.
Will you be acting in a professional capacity and formally paid for your services and covered
under the Professional Indemnity cover for your firm?
Intervener/Guardian
Signature
Dated
IF THERE ARE MORE THAN 3 INTERVENERS/GUARDIANS THAT ARE BEING APPOINTED PLEASE CONTACT DBS FOR THE APPROPRIATE FORM
Section 3: PAYMENT OF THE BOND PREMIUM
OPTION 1:
OPTION 2:
Cheque made payable to “Deputy Bond Services”
If you wish to make a payment by debit or credit card please tick here. Please ensure you have provided a daytime contact
telephone number and we will call you to obtain payment once we have received the completed Bond.
Please send the completed form and payment to: - Deputy Bond Services, 100 Holdenhurst Road, Bournemouth BH8 8AQ
Evolution Insurance Company Ltd (Company Number 88737) whose registered office is Level 2, Ocean Village Business Centre, 23 Ocean Village Promenade, Gibraltar issuing
Bonds of Caution in the United Kingdom under Financial Conduct Authority number227649 and whose address for the service of Bonds of Caution is at Evolution Insurance
EBSC V1 0614
Solutions Limited, 53a High Street, Saffron Walden, Essex CB10 1AA