Indemnity for Lost Share Certificate

What is Indemnity for a Lost Share Certificate?

Share certificates can become misplaced, damaged, illegible, or destroyed. This is normal – but not a problem for shareholders or companies as long as you have indemnity secured for share certificate(s).

Why do Companies require Lost Share Certificate Indemnity?

  • Indemnity cover is sought in order to protect the company from any risk or potential losses arising if the original certificate is recovered / restored – and then used fraudulently. 
  • The Indemnity is simply a ‘mini insurance policy’ safeguarding a company against any costs that they might incur as a result of issuing a duplicate / new share certificate.
  • Indemnity protects against potentially fraudulent scenarios – for example: A shareholder falsely claims to have lost their certificate, and is issued a “new” one. He then sells the “old” certificate to an innocent purchaser. This purchaser may sue the company if his certificate is proved worthless. Indemnity protects against such situations.

Countersignatures:

  • Larger share management entities (including Computershare) will ask for a countersignature from a bank or insurance company for ALL lost share certificate indemnity forms for certificates over €50,000. 
  • However, if the share certificate in question is under €50,000, they may waive the countersignature – but the shareholder is expected to pay an additional fee for this.  

At Surety Bonds, our indemnity forms for lost share certificates have been prepared and double-checked by our experienced team in order to ensure fast and easy delivery. Our indemnity forms come with easy-to-follow guidance notes and instructions for further steps.

Contact us today for more information about lost share certificate indemnity, or to download one of our indemnity form packs. 

Contact Forms - Surety Banner

Surety Bonds

Our process is seamless and requires very little effort from you. As our client you will benefit from both our expertise, and our established relationships with global surety markets.

Why Choose Surety Bonds

Because customers benefit from our experience in the Global Bond Market.

Experience

Our experienced team of surety specialists simplify the process for our clients as they secure tailored and competitive terms on their behalf.

Relationships

Firm relationships established with surety providers & specialist underwriters; ensuring we can get deals done securing favourable rates, terms & conditions without delays.

Trusted

As Ireland’s leading authority on surety bonds we are a trusted intermediary recognised and relied upon by Brokers nationwide as they provide best terms and service to their clients.

Meet Your Team

Subscribe to our Newsletter and always be up to date!

News Leter Signup

Close Menu