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Home > Home > Our Solutions > Bonding and Guarantees > Surety Bond Insurance

Surety Bond Insurance

A surety company can issue a contractual or performance bond on your behalf. Our Surety Bond Insurance protects your surety company from losses if your customer demands payment against that bond. This encourages the surety company to provide you with the bonding capacity you need to sell to the U.S. or internationally. You may also insure contract bonds or performance bonds for your foreign affiliate or subsidiary.

  • Easy access to contract or performance bonds.
  • Bid on more projects and grow your business.

Enhance your ability to bid on contracts

You have your eye on a lucrative business venture and you know your company can fulfill the deal. With a surety company onboard and our Surety Bond Insurance in place, you don’t have to worry about the project’s bonding requirements standing between you and your business goals.

Don’t have a surety bond provider?

If you aren’t presently working with a surety company, we can also help by facilitating the issuance of the required bonds through our surety partnerships. Our bonding insurance solutions can support contracts in all industry sectors and in non-traditional surety markets.

Qualification

In evaluating applications, we assess a number of factors—among them:

  • managerial, technical and financial capabilities;
  • contractual terms;
  • bonding instruments;
  • conditions and economic outlook in the customer’s country, and the customer’s profile;
  • Canadian exports of goods and services, or other significant benefits to Canada.

Cost

Costs are based on the associated risks and the duration of the bonds.

Learn more

View our detailed product brochure (PDF)

Have a question?

Have a question about our bonding and guarantee solutions?

Call 1-800-229-0575 weekdays, 9 am to 5 pm EST, or submit a question online.

Important Information
The above information describes, in general, EDC services and is not a commitment to provide them. Only the documentation supplied by EDC, in connection with any transaction, provides the full detail and terms and conditions.

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