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Surety Bonds

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What is a Surety Bond?

Surety bonds help put landmarks on the map. They also support trade and other business needs. Surety bonds are a credit instrument that provides financial and performance guarantees in a contract. In essence, if one party, known as the principal, fails to fulfill a contractual obligation to another party, referred to the obligee, then the surety promises to pay the obligee a set amount. Since 1890, Zurich surety bonds have helped provide the assurances necessary to build the Hoover Dam, Madison Square Garden and other visionary structures, including skyscrapers, highways, bridges and canals, both across the country and around the world.

Why Zurich?

Zurich offers deep experience, significant capacity and an empowered team of underwriters in the field. Our Surety Bond Validator allows businesses and governments to ensure that a principal’s bonds are in effect and up to the task. And we deliver when it matters most: Zurich customers rank our Claims service as among the industry-leading.

Top 3
Zurich is the third largest and the longest continuously operating surety provider in the U.S.1


>90%
of the top 100 contractors choose Zurich for surety or construction protection.2


50 | 25
Zurich can provide surety bonds in all 50 states and approximately 25 countries.


Solutions

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Contract surety bonds

Zurich offers a wide array of contract surety bonds to contractors ranging from small to large ENR 400 firms performing public works projects as well as private construction projects:

  • Bid bonds
  • Performance bonds
  • Labor and material payment bonds
  • Subcontract performance bonds
  • Subdivision bonds
  • Maintenance bonds
  • Supply bonds
  • License and permit bonds
  • Environmental surety bonds
  • Miscellaneous bonds
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Commercial surety bonds

We provide both account-based and transactional surety solutions. Account-based customers span nearly every industry and include Fortune 2000 and regional companies requiring large individual bond capacities or many different bonds in multiple states. Zurich also provides a range of transactional options, designed for qualified customers who require a limited number of surety bonds each year:

  • License and permit bonds
  • Court bonds (judicial bonds and fiduciary bonds)
  • Workers’ compensation self-insurance bonds
  • Miscellaneous bonds
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International surety bonds

With one of the largest global networks in the industry, Zurich is a leading provider of both contract and commercial surety bonds to international customers. Our international surety bonds are offered in approximately 25 countries in the Americas, Europe and Asia-Pacific.

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Public-private partnerships (P3)

Large infrastructure projects often call for public-private partnerships. Our public-private partnership performance bonds can help reduce pursuit costs and the need for increasing bank line limits to secure P3 projects. We can tailor bond language to meet the needs of various stakeholders.

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Surety tools

Surety Bond Validator: The stakes are high. This user-friendly tool allows you to quickly confirm the legitimacy of a bond that’s been promised.

Surety Benchmarking Report: Leveraging Zurich’s robust data, this helps our customers compare their financial performance against peers. We can help mine insights on risks and profitability.  Zurich surety account executives will customize the report upon request, review details of the report and provide insights on how to better understand finances and overall profitability.

Related industry and insurance

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Construction

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Property

1. The Surety & Fidelity Association of America. “Top 100 Writers of Surety Bonds.” 25 October 2019.
2. ENR 2018 Top 400 Contractors list cross-referenced with Zurich customers with a policy in force during the report year. ENR 400 (Engineering News-Record) rankings are based on construction revenue.