What is an appointee security bond?

Introduced in 2015 by Security Bonds Ltd and Money Carer, the Appointee Security Bond aims to emulate the deputyship requirement of the same nature. This is essentially a means to protect the finances of a vulnerable individual under an appointee’s care.

We introduced this to ensure the same financial right for our appointeeship clients. For anyone looking to become an appointee, setting up this bond is also an excellent demonstration of best practice in the role.

Costing just £35 per year, the Appointee Security Bond can guarantee entitlement of up to £16,000 in compensation, in the event of theft or fraud by the appointee. For non-professional appointees, this also ensures compensation for the client in respect of any honest mistakes made.

Concerned parties (such as safeguarding teams) can easily contact Deputy Bond Services in order to start the claim process for the individual who suffered the loss. Once approved, clients should receive compensation within 7 working days.


For more information on becoming an appointee, please download our appointeeship guide.