The clause in a bond, or rider attached to a bond, under which that bond, subject to its terms, assumes liability for any loss due to acts which occurred while a prior bond was in force, but which were not discovered until after the expiration of the discovery period of the prior bond.
Continuity Clause
Surety Bond Resources
Think a surety bond works like insurance? It doesn’t. You pay, but you’re still responsible. What is a surety bond?...
A landscaping bond is a type of business service bond that protects your clients from theft or fraud by employees....
A moving company bond is a surety bond that protects your customers if an employee steals or damages their belongings....
Questions?
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