A surety bond supports a stated obligation and is different from insurance protecting the applicant.
Required bond wording, contract, financials and work history.
Which bond is required, who is the obligee and what indemnity obligations apply?
Start my business enquiry →Hypothetical situation
An obligee alleges that a bonded contractual obligation was not fulfilled.
Ask which wording, conditions and notification requirements would apply. A scenario does not establish coverage or guarantee an outcome.
A guarantee to a project owner that you will honour your bid and complete the work.
A.M. Fredericks UnderwritingABEX o/b Affiliated Broker Exchange
Allianz Global RisksAmbri AssuranceApril Canada Inc.April MarineArthur J. Gallagher & Co
AVRO Insurance ManagersBeazley Canada LimitedBerkley Insurance CompanyBlueCross BlueShield
Burns & Wilcox CanadaCAA InsuranceCAN - Continental Insurance
Cansure Underwriting LtdCaradoc Townsend MutualChes Special Risk Inc.Chubb InsuranceChutter Underwriting Services
Core Underwriting ServicesDefinityDesjardins Financial Security Investments Inc.
Dominion of Canada/Travelers/Travelers EssentialEagle Underwriting Group Inc.Echelon
Excess Underwriting Corp.Facility Association
Forward InsuranceGlobal Aerospace Underwriting
Great-West LifeGroupAssureGroupOne Insurance
HDI Global Specialty SE
IA Excellence Life Insurance
INGLE International
Intact Public Entities
La CapitaleLiberty International CanadaLynx Insurance UnderwritersMarkel
NorthbridgeOld Republic
Optiom
PAL Insurance Brokers Canada
Premier Canada AssurancePremier MarinePremium Marine
Revolution Advanced Underwriting
SignalSignature Risks
South Western GroupSovereign GeneralSpecial Risk InsuranceSports & Fitness InsuranceSSQ AssuranceStarr Technical RisksStrategic UnderwritingSummit Underwriting Group Inc.The Boiler Inspection and Indemnity Company (BI&I)
The Totten Insurance GroupTrans Canada
TravelersTrinity Underwriting
Unique Risks
Victor Insurance
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Contractors bidding public tenders and larger private work. Usually demanded at bid time with a hard deadline.
A bond protects the owner, not you. If the surety pays out, it comes back to you for the money. That is the opposite of insurance.
Canada uses CCDC 220, 221 and 222 (2024 editions), not AIA A310 and A312. The Canadian bid-deadline trigger is badly served by broker content.
| Canonical name | Surety Bonds |
|---|---|
| Abbreviation | — |
| How it is bought | Not insurance — a three-party credit guarantee |
| Category | Specialty & bonds |
| Typical limits | Range only, with the basis stated — Canada publishes no commercial tariff |
Limits are written to the exposure and to what your contracts demand, not to a rule of thumb. Any page quoting a single “standard” limit for a class of business is quoting one broker’s habit.
One request, and someone licensed to place this coverage picks it up.
Be prepared
Hypothetical situations to help you prepare questions—not actual client claims or promises of coverage.
Scenario: The party protected by a bond alleges the principal failed to meet the bonded obligation.
What happens next: Review the specific bond and contract before action. The surety investigates the claim and the parties’ compliance; payment is not automatic.
Scenario: A potential claimant needs to notify the surety.
What happens next: Check who may claim, required documents, notice method and deadlines in the actual bond. Different bond forms have different requirements.
Scenario: The surety requests supporting records.
What happens next: Provide the relevant contract, correspondence and evidence. Indemnity obligations may allow recovery from the principal or indemnitors.
Actual outcomes depend on the facts and applicable wording. Read claims guidance · Ask about the next step
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