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.
