description of Surety Association of Canada
Surety Industry in Canada
The Canadian surety industry has been working together with government and private industries for decades transferring risk through three-party surety solutions. Whether the risk is derived from a project or a service, creating value to maximize financial returns while delivering successfully are challenges that have driven our industry to where we are at today. The surety industry in Canada exists to protect construction purchasers from project failures, to minimize disruption in public services for communities, to protect suppliers and sub-contractors, and numerous other areas where additional assurances to carry out business objectives are required.
From coast to coast, experts in the surety industry have numerous unpublicized stories about how a project or service was saved from near disaster or simple disruption - thanks to a surety relationship. As behind the scenes, trusted business partners, surety providers exist to promote business success by taking on the risk of contractor or vendor failure.
And we have been doing just that since 1872.