Renewal Reminder: December 31 Bond Expirations

renew

Several surety bonds expire on December 31—be sure to renew before that date so you can continue business as usual. Renew before the holidays to limit stress and ensure that your business is in compliance.

Bonds expiring December 31

Your surety company should remind you that your bond needs to be renewed, but it doesn’t hurt to know your bond’s renewal date. If you haven’t used your bond, that’s good news! It means you’ve been conducting business in accordance with the law and may even result in a lower bond premium—all the more reason to renew on time.

Since your business is required by law to be bonded, avoid a lapse in coverage and get your bond renewed before it expires. Allowing coverage to expire could mean license suspension or even revocation if the lapse is too long. You might face additional penalties, including fines, if you conduct business without a current surety bond.

Don’t put your license in jeopardy! Call SuretyBonds.com at 1 (800) 308-4358 or email [email protected] and get your bond renewed today.

 

About the Author

Melanie Baravik
Melanie is a senior at the University of Missouri - Columbia studying English with an emphasis in creative writing. She is a member of the marketing department and outreach team for SuretyBonds.com, a leading provider of online bonding for clients nationwide.