Judicial Bonds
Injunction Bond
Bond required before issuance of a temporary restraining order or preliminary injunction.
Overview
An injunction bond answers for damages the enjoined party may suffer if the court later determines that the injunction was improperly issued.
The court fixes the amount when granting the TRO or writ of preliminary injunction.
Purpose
- Enables issuance of a TRO or preliminary injunction.
- Protects the enjoined party from wrongful restraint.
- Balances urgent relief with accountability.
Typical uses
- Restraining enforcement of a contract or notice
- Halting construction or disposal of assets
- Preserving rights pending trial
Who normally requires it
- Applicants for injunctive relief
- Corporations protecting contractual rights
- Counsel handling urgent applications
Parties involved
- Principal — the litigant, appellant, or court-appointed fiduciary
- Obligee — the adverse party, the estate, or the court requiring the bond
- Surety — the insurance company accredited to issue judicial bonds
Typical documentary requirements
- Accomplished bond application form with obligee and transaction details
- SEC or DTI registration, Articles of Incorporation, or business permit
- BIR Certificate of Registration and latest filed tax return
- Audited financial statements for the last two to three years
- Valid government IDs of signatories and board or partnership authority
- Petition or application for injunctive relief
- Court order granting the writ and fixing the bond
Final requirements depend on the obligee and the issuing insurance company. See the full requirements guide.
Typical application process
Step 1
Submit the application
Open an application in your SuretyPH portal and enter the obligee, transaction, and bond details.
Step 2
Upload requirements
Follow the guided checklist and upload each document securely to your application file.
Step 3
Pre-assessment
We review the file for completeness and endorse it to an authorized issuing insurance company.
Step 4
Quotation
The insurer evaluates the submission and issues a quotation covering premium, fees, and any collateral requirement.
Step 5
Payment and issuance
Once the quotation is accepted and the premium is settled, the insurer issues the bond for release or delivery.
Risks typically covered
- Damages caused by a wrongfully issued injunction
- Business losses of the enjoined party
- Costs awarded by the court
Frequently asked questions
How quickly must the bond be filed?
Usually within a short period set by the court, so prepare documents in advance.
Is collateral required?
Frequently yes, given the exposure. The issuing insurance company determines the terms.
More answers on premiums, collateral, and timelines are in the general FAQs.
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SuretyPH is a digital information and lead-generation platform owned and operated by McMatthise Global Group Corporation. It does not independently underwrite, approve, bind, issue, or guarantee any insurance policy or surety bond. Evaluation, underwriting, premiums, approval, and issuance remain the responsibility of the relevant duly licensed insurance company.