Most surety bonds last one year and then need to be renewed. Miss the date, and your bond can lapse. For license bonds, a lapse can put your license on hold and stop you from working. Here is how to renew smoothly.

Know your renewal date

Your bond has a clear start and end date. Write the renewal date on a calendar the day you get the bond. Set a reminder for 30 days before. That gives you time to handle it without stress.

Watch for the notice

Your agency usually sends a renewal notice before the bond expires. Do not ignore it. Open it, check the amount, and confirm your details are still correct. If your business changed, like a new address or a bigger bond requirement, tell us so we can update it.

Pay on time

Renewing is usually quick. You confirm your information and pay the new premium. With good standing, the rate often stays the same or even drops if your credit improved. Pay before the end date so there is no gap.

What happens if it lapses

If your bond lapses, the obligee, often your state, may be notified. Your license can be suspended until a new bond is in place. You may also face a fee to reinstate. None of that is fun, and all of it is avoidable.

The fix is simple. Mark the date, answer the notice, and renew early. If you are not sure when your bond expires, call us and we will look it up. We will also remind you before your next renewal so it never sneaks up on you.

Related guide: Read the License and Permit Bond guide.