Surety Protects

The Value of Bonding

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Surety bonds provide the most comprehensive risk management tool available to protect construction projects against default and ensure contractual obligations are met. A new economic analysis conducted by leading global consulting firm EY quantifies the benefits surety bonding generates throughout the lifecycle of a portfolio of construction projects — including benefits extending beyond the financial protection surety provides when projects default. SFAA’s Surety Protects campaign aims to communicate the benefits of public sector bonding, as we inform and educate key elected officials and construction leaders about surety’s value.

Public construction projects – from schools to public infrastructure – advance the public good, support local economies and build thriving communities. Surety bonds protect these vital projects; it’s just good public policy.

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Communications Toolkit

SFAA created a new communications toolkit with clear messaging, compelling facts, and visual illustrations to explain the value of bonding. Use these materials to educate and inform policymakers and public construction leaders about the vital role bonding plays in public projects.

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Toolkit

Report: The Economic Value of Surety Bonds (2022)

An EY study commissioned by SFAA found that construction projects protected by surety bonds enjoy lower rates of contractor default, lower cost of completion in the case of default and are finished faster than non-bonded projects. For the typical portfolio of construction projects, the overall value of surety bonds more than covers their cost.

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Executive Summary Download
Full Report

Surety Protects

Learn how surety
bonds protect taxpayers,
save time,
reduce costs and
keep projects on track.

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U.S. Senate Unanimously Supports Surety Bonds and the Protections and Economic Value They Provide to Our Nation’s Critical Infrastructure Development

See Senators Capito, Carper and Van Hollen speak on the Senate floor about the importance of surety.

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

SFAA Foundation announces 15 students selected as recipients of a $5,000 scholarship as part of the Surety and Fidelity Intern and Scholarship Program for 2022.

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News & Events

SFAA Annual Meeting Highlights 2022 Accomplishments and Initiatives; Membership Elects Board

June 7, 2023

The Surety & Fidelity Association of America (SFAA), a nonprofit, nonpartisan trade association representing all segments of the surety and fidelity industry, held its annual meeting last week in Washington, D.C. with more than 185 members and guests attending.

SFAA and NASBP Host Successful Legislative “Fly-In”

April 3, 2023

The Surety & Fidelity Association of America (SFAA) and the National Association of Surety Bond Producers (NASBP) hosted a Legislative Fly-In on March 30, 2023. The Fly-In enabled surety professionals from across the country to educate members of Congress and staff about the value of construction surety bonds and advocate for their legislative priorities.

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.

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