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

The Surety & Fidelity Association of America Foundation Awards 19 Students With $47,500 in Scholarships

October 18, 2023

The Surety & Fidelity Association of America Foundation (SFAA Foundation) announced today the 19 students selected as recipients of a $2,500 scholarship as part of the Surety and Fidelity Intern and Scholarship Program for 2023.

SFAA, NASBP and a Coalition of Partners Strongly Support Bill Providing Essential Protections on WIFIA Financed Projects

September 27, 2023

The Surety & Fidelity Association of America (SFAA), National Association of Surety Bond Producers (NASBP), and a coalition of industry partners commend Senator Mark Kelly (D-AZ) and Senator Kevin Cramer (R-ND) for the introduction of S.2928

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.

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