Surety professionals encourage the use of surety bonds to develop new business and establish a positive awareness of the surety product. In recognition of these efforts, NASBP and SFAA celebrate by awarding the Surety Industry Awards for excellence in surety bond promotion.

The deadline for award nominations is Friday, March 5, 2021. Learn more at the Surety Industry Awards website, and access the nomination forms here.

Below are the categories of awards for individuals and Local Surety Associations (LSAs.)

The Tiger Trust Award is given to an individual NASBP or SFAA member who persuades a public or private construction project owner or lender to require surety bonds on a project. The application form must detail how he or she convinced the owner or lender to require the bond, along with documentation from the owner or lender on official letterhead of the candidate’s role in persuading them to require the bond.

The Platinum Award is presented to an individual NASBP or SFAA member whose efforts to promote contract surety bonds have had a significant impact on the surety industry. This award is not based on the volume of activities, but on the successful outcome of the individual’s actions in promoting the value and benefits of contract surety bonds.

The Gold Award is presented to LSAs that conduct at least ten public relations and educational activities in a calendar year to promote the use of contract surety bonds in construction to non-surety, non-insurance, or non-lawyer audiences.

The Silver Award is given to LSAs that conduct at least five public relations and educational activities in a calendar year to promote the use of contract surety bonds in construction to non-surety, non-insurance, or non-lawyer audiences.

The Advocacy Award is for LSAs that conduct significant activities advocating for suretyship, other than public relations or educational work, such as fighting legislative efforts to waive bonds or increase bond thresholds or advocating for reasonable bond forms.

Help us celebrate the promotion of surety bonds that occurred 2020—send in your nominations today!

Who Won Last Year?
Here is a list of the 2019 Surety Industry Award Winners:

Tiger Trust Award—Mark Munekawa, Woodruff-Sawyer & Co.

Gold Award—Florida Surety Association, Rocky Mountain Surety Association

Silver Award—Surety Association of Kansas City, Surety Association of Ohio, Surety Association of San Diego

Advocacy Award—Florida Surety Association, Rocky Mountain Surety Association, Surety Association of Georgia, Surety Association of Puerto Rico