NASBP created the document Always Verify Your Bond! in response to requests from its Members, Associates, and Affiliates for diverse educational tools. This tool aims to combat instances of fraudulent surety bonds through education.

The document is a concise, one-page guide for surety professionals to share with their clients or reference themselves. It outlines a simple, two-step process for verifying the authenticity of contract surety bonds before acceptance. The steps are: (1) check the surety’s authority to issue the bond and (2) confirm the surety’s authorization of the bond’s issuance.

Topic
Surety Fraud, Surety Verification
Publish Date
November 18, 2024
Audience
Agents, Contractors, Owners, Sureties
Resource Type
Article, Brochure