A court bond is a suretyship issued by an insurer in favour of the master of the high court for the due and proper performance of the appointee’s obligations and duties towards an estate which he/she is administering.
The surety being the insurance company guarantees to pay the master, the obligee, a certain amount if the executor/curator/trustee (the principal) fails to meet its obligation, such as the proper administration of all estate funds.
Upon a dereliction of duty, the master may call upon the bond and demand payment from the surety of the loss suffered by the estate. At all times the surety acts as a co-principal debtor with the executor/curator/trustee.
Should a demand be made to the surety it is not without its remedies, it may pursue the executor/curator/trustee in office for the amount which it has paid.
Shackleton Risk offers court bonds to pre-approved applicants. At Shackleton Risk we are able to place any size court bond within a matter of hours once the applicant has been approved.
At Shackleton Risk, our turn-around time and service is unprecedented allowing us to remain the market leaders in security bonds.
Subscribe now
Share this article
Read More
More Articles
Medical Malpractice Claim in South Africa: What to Do, What Not to Do, and How to Protect Yourself
Very few moments in medical practice feel as unsettling as receiving a patient complaint, legal letter, HPCSA notice or summons. Even experienced practitioners often describe the first reaction the same way: shock, panic, anger, self-doubt or fear. For many healthcare professionals, a medico-legal issue feels deeply personal because medicine is personal. Your work is tied…
Medical Malpractice Insurance in South Africa: The 2026 Guide
Medical practitioners carry a kind of professional pressure that is difficult to explain to anyone outside healthcare. Every consultation, diagnosis, prescription, procedure, referral and follow-up carries responsibility. Most days, that responsibility is handled quietly and professionally. But when something goes wrong — or when a patient believes something has gone wrong — the consequences can…
Road Accident Fund (RAF) Surety Bonds
At Shackleton Risk Management, we can assist you with surety bonds for RAF matters. Surety bonds for RAF matters are provided by Safire Insurance Company Limited (“the Insurer”) and can be lodged by us with the Master on your behalf if needed. Trustees appointed to manage a trust must furnish security to the Master’s satisfaction.…