Annual Surety Bond

An Annual Surety Bond is a general term to describe a bond that is written for a calendar year term, January 1st to December 31st, or for a fiscal year term. Annual bonds can be for that given year only or can be renewed or continued by the surety carrier subject to an underwriting review and additional premium. Annual Surety Bonds are in contrast to Continuous Surety bonds and Term Surety bonds.