Surety Bond Insurance

Overview of the Surety Bond Insurance program:

Get improved access to contract or performance bonds with surety bonds. Encourage your surety company to provide you with the bonding capacity you need to grow your business. We can reinsure them against losses if a customer demands payment against your surety bond.

Benefits of the Surety Bond Insurance program:

• Fewer barriers to opportunity
• Don't let a lack of capacity from your surety provider hold you back. Get the coverage you require to pursue and win international contracts.
• Coverage for any surety requirement
• We cover contracts in all industries and sectors including non-traditional surety markets.
• Access to surety partners
• Let us connect you with a trusted surety company if you dont already have one.
• We share risk with a surety company in the case of your inability to deliver on your:
• Contractual obligations
• Financial obligations
• Regulatory obligations

Eligibility criteria of the Surety Bond Insurance program:

• Eligibility is determined by EDC based on:
• The managerial, technical and financial capabilities of your company
• Contract terms
• Review of the bond
• Conditions and economic outlook in your customers country, and the customers profile