CLSQ has launched a revolutionary change to the ordering of Executry Bonds of Caution, making it quicker and easier to obtain a Bond.
Executry Bonds of Caution are available online, via CLSQ’s PIPA Portal, saving time and administration on the previous process.
With the new online process, premiums are delivered in seconds, with no need to complete separate offline paper applications. Once the information is completed online, CLSQ will complete the Bond and any accompanying documentation.
As Bonds are completed electronically, there’s no need to rekey client information, resulting in fewer errors and a greater chance of acceptance when it reaches the courts. At the same time, there is also the opportunity to make specific amendments needed for acceptance by the courts and a copy of the final scanned Bond will be sent electronically and stored in the online case system while the original is posted.
The result is that the whole process is reduced by several days and also reduces carbon emissions, saving on paper and postage of application forms.
Executry Bonds are required in Scotland to protect beneficiaries or creditors of a deceased person’s estate. They do not protect the executor, but instead protect the interest of those who may be affected if the executor does not act in accordance with the court’s or with the law’s requirements.
Lianne Goddard, Chief Commercial Officer at CLSQ, says:
“At CLSQ, we pride ourselves on being innovative, streamlining processes and offering a great customer service. The launch of online ordering for Executry Bonds is just one example of this, combining the efficiencies of a digital process, with the knowledge and insights for which we are so well respected.”
Magnus Mackay from Wright Johnson Mackenzie, adds:
“My team and I always found CLSQ to be exceptionally efficient and helpful, even with quirky, niche or complicated estates and have no hesitation in recommending them to others seeking Executry Bonds.”
A spokesperson from McNabs Law, said:
“When obtaining executry bonds of caution, we have always found the service of CLSQ to be knowledgeable and efficient. The bond process is straightforward, allowing for significant time savings, and their experience has enabled cover to be provided even in more complex circumstances.”
CLSQ is a trading name of CLS Property Insight Limited. CLS Property Insight Limited, registered in England & Wales (Reg No. 06993053) is authorised and regulated by the Financial Conduct Authority (FRN 718255).
CLSQ is a trading name of CLS Property Insight Limited, CLS Data Limited and CLS Group Services Limited. CLS Property Insight Limited, registered in England & Wales (Reg No. 06993053) is authorised and regulated by the Financial Conduct Authority (FRN 718255). CLS Data Limited, registered in England & Wales (Reg No. 10446473, VAT Number 269864342) are an Appointed Representative of CLS Property Insight Limited who are authorised and regulated by the Financial Conduct Authority (FRN 718255). CLS Group Services Limited, registered in England and Wales (Reg no. 07054613, VAT number 235146915) Registered Offices: 85 Great Portland Street, London, England, W1W 7LT.
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