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Surety

Surety solutions

Zurich has been one of the leaders in the surety field since 1890. Today, we are the third-largest and longest continuously operating surety provider in North America.

Why Zurich?

Zurich surety helps your business succeed by offering the following:

  • A relationship-based approach: Zurich has underwriters with meaningful authority in 39 locations across Canada and the U.S.
  • Underwriting insights: Zurich has experienced contract and commercial surety underwriters who manage surety risks of various sizes.
  • Meaningful capacity: Zurich offers surety capacity of $2 billion or more to qualified customers.
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Solutions for surety

Contract surety

Zurich provides qualified construction companies with a wide variety of contract surety bonds. The businesses range from small to large firms performing public works projects, as well as private construction projects.

Types of contract bonds:

  • Bid bonds
  • Agreements to bond
  • Performance bonds
  • Labour and material payment bonds
  • Supply bonds
  • License and permit bonds
  • Miscellaneous bonds
  • Environmental surety bonds and more
Public-private partnerships (PPP): We also provide an innovative surety solution for the fast-growing PPP market. Our public-private performance bonds help meet the unique needs of PPP contractors delivering large infrastructure projects in North America.

Commercial surety

Zurich specialists understand the breadth of surety risks and have designed solutions tailored to the needs of large and regionally based companies.

Types of commercial bonds:

  • Licence and permit bonds
  • Court bonds
  • Customs and excise bonds
  • Mining and reclamation bonds
  • Miscellaneous bonds and more

Zurich’s commercial surety approach includes:

  • Account-based commercial surety: Zurich offers meaningful surety capacity and underwriting insights to multinational and regionally based companies that require large individual bond capacities or many bonds in multiple regions.
  • Transactional commercial surety: Zurich’s transactional-based segment is designed for qualified customers who require a limited number of surety bonds each year..

International surety

Surety bonds are an integral need for growing companies. Companies headquartered outside of Canada or the U.S. may need guidance on effectively bonding their large scale obligations and construction projects. Indemnity agreements need to account for unique legal aspects in Canada and other countries. Surety for internationally based customers requires a deep understanding of the construction marketplace, the associated risks of each local market and ways to manage and mitigate those risks to achieve success for the customer and the surety.

With one of the largest global networks in the industry, Zurich is one of the leading providers of surety capacity to internationally based customers. Our experienced team of international surety underwriters can provide contract and commercial bonds to companies in Canada, the U.S. and many other countries.

Zurich’s international network of licensed insurers offer surety bonds in 25 countries in the Americas, Europe and Asia Pacific, helping our customers in the growing and vibrant international construction arena.

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Knowledge Hub: Surety

Head of Surety

Brent McAllister has operational and underwriting responsibility for Zurich’s Contract... About this expert