About SFAA – SFAA

SFAA serves as a thought leader and trusted advisor for the industry

The Surety & Fidelity Association of America (SFAA) is a nonprofit, nonpartisan trade association that represents all segments of the surety and fidelity industry. We promote the value of surety and fidelity bonding and its vital protections, through advocacy, outreach, promotion and education.

Learn more

Who We Are

Our association’s more than 450 member companies write 98 percent of surety and fidelity bonds in both the public and private sectors, including construction surety bonds, commercial surety bonds, and a variety of fidelity bonds. While the types of bonds are different, the overarching purpose remains the same – to provide financial protection to businesses, families, and consumers by guaranteeing contractual obligations are met through the securement of a bond. With these protections in place, businesses are able to grow and flourish, critical infrastructure developments are successfully carried through to completion, and companies are protected from wrongful acts of their employees – all of which positively support the economy.

Based in Washington, D.C., SFAA works to promote the value of surety and fidelity bonding by proactively advocating on behalf of our members and stakeholders they serve – both in state houses and on Capitol Hill. Government officials rely on SFAA as a source of accurate, data-driven information and insight on how proposed legislation or regulation will affect the surety and fidelity industry and the overall business community.

What We Do

Advocacy

SFAA advocates, monitors and reports to members on industry-related legislative, regulatory and judicial developments. Staff also presents SFAA’s position on issues to legislatures, agencies, courts, and trade associations and promotes the interests of members.

Education

SFAA provides industry-specific programs to promote the public understanding of, and confidence in, the surety and fidelity bonding industries and to support member training efforts.

Promotion

Promotion of the products of the surety and fidelity industry is at the foundation of all of SFAA’s member services. SFAA has served as the industry thought leader and trusted adviser for over a century, promoting surety and fidelity bonds as the most comprehensive risk management tool.

Expertise

Members can access staff for help on a wide range of matters from risk-type classifications and analysis of bond forms to development of a mentoring program and industry specific recruiting support.

Statistics

As a licensed statistical agent, SFAA collects statistical plan and financial statement data and satisfies members’ mandatory reporting requirements countrywide. SFAA also develops aggregate industry statistical reports available to its members.

Regulatory Services

SFAA develops and files countrywide surety and fidelity manual rules, loss costs and standard fidelity forms. Members may elect to provide SFAA with authorization to file on their behalf or may submit independent filings. Authorizations are filed on a by-state, by-company basis.

Fidelity Forms

SFAA develops and files standard fidelity forms and endorsements for policies, bonds and other forms for optional use by members. Current members are also free to utilize SFAA copyrighted material to develop and file independently.

Networking

Membership provides a valuable forum to discuss topics of common interest within the bounds of SFAA’s Antitrust Guidelines. All members are invited to participate on the SFAA Board’s advisory committees.

Technical Assistance and Program Support

SFAA responds to inquiries and provides assistance, where requested, to organizations and jurisdictions involved in establishing formal state and local programs of surety support for emerging contractors.