Surety & Fidelity – SFAA

Surety and fidelity bonding provides critical financial protections

Surety and fidelity bonds are an essential risk management tool and public policy function. 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.

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News & Events

Surety Industry Expert to Testify at SBA’s Surety Bond Guarantee Program

July 26, 2022

SFAA is pleased to announce that Ralph Pulver, Regional Underwriting Officer, Travelers Bond, will be testifying on behalf of SFAA and the surety industry at a hearing being held by The U.S. House of Representatives Committee on Small Business.

Surety Industry Successful in Fighting False Claims Act Liability – SFAA Supports Effort with Amicus Brief

July 20, 2022

SFAA hails the Order entered by the United States District Court for the District of Columbia dismissing all claims against Hanover Insurance Company and Hudson Insurance Company under the Federal False Claims Act.

SFAA Strongly Supports Bill Requiring Change Order Payments to Small Construction Contractors

July 11, 2022

SFAA commends the Congressmen who introduced the Small Business Payment for Performance Act, which will require fair and ethical treatment of small construction contractors by federal agencies during the procurement process.