There are just a few days left to submit nominations for the 2023 NASBP & SFAA Surety Industry Awards! Did you work to promote the value and benefits of surety bonds in 2023? Consider completing a nomination form for the Tiger Trust Award, Platinum Award, or Local Surety Association Awards representing Gold Award, Silver Award, and Advocacy Award levels. Nominations are due by Tuesday, March 5 (recently extended to March 8).
Need some tips for completing the nomination forms? Learn more in this November/December 2023 NASBP Pipeline article.
Tiger Trust
The Tiger Trust Award is given to an individual NASBP or SFAA surety professional 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.
Platinum Award
The Platinum Award is for 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.
Gold Award
The Gold Award is awarded to a Local Surety Association (LSA) that conducts at least ten (10) 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.
Silver Award
The Silver Award is awarded 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.
Advocacy Award
The Advocacy Award is awarded to LSAs that conduct significant activities advocating for suretyship, other than public relations or educational, such as fighting legislative efforts to waive bonds or increase bond thresholds or advocating for reasonable bond forms.
Entries for 2023 Surety Industry Awards
Be sure to mark March 5, 2024 (recently extended to March 8), on your calendars. This is the deadline for LSAs and National Association of Surety Bond Producers (NASBP) and the Surety & Fidelity Association of America (SFAA) members to submit nominations for the Surety Industry Awards for Excellence in Surety Bond Promotion and the Tiger Trust. All entries must be submitted via the online nomination forms available on the awards website.
Judging will take place in March, and awards will be announced at the annual meetings of the NASBP and SFAA in the spring. For complete details about the Surety Industry Awards and Tiger Trust, visit the Surety Industry Awards website.