Diversity Initiatives

Increasing diversity and inclusion in the surety and fidelity industry

SFAA and its Board of Directors is committed to increasing diversity in the surety and fidelity industry. We have taken significant efforts to identify the obstacles to increasing minority participation in the industry, develop strategies which address these obstacles, and work with member companies to implement these strategies in their business practices.

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SFAA’s Diversity Initiatives Include:

SFAA Foundation

The SFAA Foundation is a charitable 501(c)(3) organization founded to increase diversity within the surety and fidelity industry. SFAA created this organization to fund and administer the Surety and Fidelity Intern and Scholarship Program, as well as develop and implement new educational and public service program initiatives.

The Diversity and Human Resources and Advisory Committee (DHRAC)

Created in May 2012, the Diversity and Human Resources Committee (DHRAC) serves to identify, discuss and establish solutions to diversity-related issues in the industry as well as increase the number of minority and women surety and fidelity professionals in the industry.

Contractor Bonding Education and Mentoring Program

The Contractor Bonding Education and Mentoring Program, formerly known as the Model Contractor Development Program, helps new and minority contractors learn how to become bonded and provides additional coaching through a mentoring program with SFAA and the National Association of Surety Bond Producers (NASBP).

2021 Scholarship Recipients Announced

On Sept. 14, 2021, SFAA announced the 17 students who have been selected as recipients of a $5,000 scholarship as part of the Surety and Fidelity Intern & Scholarship Program for 2021. Read the full press release.

2022 Internships

SFAA member companies are currently in the process of interviewing and hiring interns for the summer of 2022. If you are interested in applying, please contact Peter Roth at proth@surety.org.

Past Scholarship Recipients

Resources & Programs

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Advocacy & Policy

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and all of its stakeholders.

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News & Events

EY Report: Surety Bonding Provides Strong Economic Value and Strengthens Performance for Public and Private Construction Projects

November 17, 2022

A new study released today, The Economic Value of Surety Bonds, finds public and private construction projects protected by surety have lower rates of contractor default, lower cost of completion in the case of default, and are finished faster than non-bonded projects.

The Surety & Fidelity Association of America Foundation Awards 15 Students With $5,000 Scholarship

October 19, 2022

The Surety & Fidelity Association of America Foundation (SFAA Foundation) announced today the 15 students selected as recipients of a $5,000 scholarship as part of the Surety and Fidelity Intern and Scholarship Program for 2022.

SFAA Receives Prestigious 2022 ASAE Silver ‘Power of Associations’ Award for Federal Advocacy Campaign

October 14, 2022

The Surety & Fidelity Association of America (SFAA), a nonprofit, nonpartisan trade association representing all segments of the surety and fidelity industry, won the prestigious ASAE Silver Power of Associations Award for their TIFIA-Bonding Advocacy Campaign.

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