Return Premium?

[Bond Magician]

Hello,

I just received an Employee Dishonesty Bond from you about a week ago. After I received the bond, I decided not to venture into this type of business. I still have the original bond. If I send it back to your office, is there a chance that I could get any return premium?

[Surety Queen]

Originally Posted by Bond Magician

Hello,

I just received an Employee Dishonesty Bond from you about a week ago. After I received the bond, I decided not to venture into this type of business. I still have the original bond. If I send it back to your office, is there a chance that I could get any return premium?

There is a chance - yes. However, if you review the quote that you received from us, it does indicate that the first year of premium is fully earned. Surety really likes to stick with this procedure, but they have been known to make exceptions.