Why no return premium?

[Redbull]

I am paying for a bond that I fully expect to have in place for the duration of my time owning a business, but what if something happens that is beyond my control, and I can't pay for the bond anymore? Are there any circumstances where you would return the first years premium?

[Hamburglar]

As far as I know there would not be a refund on any first year premium because all first year premiums are fully earned. Should you need to cancel your bond during a renewed period the bond premium would be pro-rated for the remainder of your bond term and the surety would issue a refund.