Bonds which are required to satisfy or guarantee fiduciary obligations, governmental legislation, as well as private contractual obligations of the applicant or the Principal under the bond.

Bonds sold to companies and individuals in order to satisfy government regulations and court orders, or to replace lost documents such as share certificates.

Commercial Surety Products include bonds which respond to federal and/or provincial statutes and regulations. They are usually part of licensing processes and requirements for companies or individuals.

Commercial Surety Bonds protect the consumer against fraud, misrepresentation, and compensation of monetary loss and are typically required by federal and/or provincial courts, government bodies, financial institutions, and private corporations.

Commercial Surety can be classified in the following categories:

  • Custom & Excise Bonds
  • Licence and Permit Bonds
  • Fiduciary & Estate Bonds
  • Lost Instrument Bonds
  • Carnet Bonds
At Trisura, we evaluate unique bonding requirements and always try to find a solution using the expertise and innovation of our seasoned staff.

Trisura has recently launched a Commercial Surety Bond Portal to assist with marketing and prospecting program business as well as transacting your one-off commercial surety bonds.

At Trisura we care continuously developing new products to replace conventional credit instruments with bonds.

Please contact us for more information.

Specialized Programs
Trisura offers the efficiencies required for large and small programs through innovative technology and the expertise in underwriting specific needs. Entities that routinely collect security from a broad customer base, may benefit from the development of such a program. Speak to your Trisura underwriter for more details.

Trisura’s Appetite
At Trisura we underwrite all risks on an account-by-account basis, taking into consideration the unique risk characteristics of each applicant. We specialize in servicing commercial bond requirements for large publicly traded corporations, in addition to all sizes of privately held companies. Fiduciary risks are underwritten individually, taking into account the applicants profile relative to their bonding requirements.

US Exposure
Our appetite is for applicants who work and require bonding primarily in Canada, but may have US bonding requirements incidental to their overall operations. We entertain foreign applicants for certain classes of bonds, such as Non-Resident GST and Foreign Executor bonds. In certain situations, we can entertain bonds for companies with foreign parents.


Carnet Bonds are required by the Canadian Chamber of Commerce when merchandise or equipment enters a country with the intention of it being exported to another country within a certain period of time. They are used to avoid having to pay duties or taxes before re-entering the country. Types of Carnet Bonds include:

  • Blanket Carnet Bonds
  • Single Trip Carnet Bonds

Canada Customs
Customs Bonds guarantee payment of customs duties and compliance with federal and provincial acts and regulations. Activities covered by this type of bond include:

  • Bonded Carrier Operations
  • Customs Bonded Warehouse
  • Customs Broker License
  • Customs Sufferance Warehouse
  • Duty Free Shops
  • Release of Goods
  • Temporary Importation

Tax & Excise
Tax & Excise Bonds guarantee payment of excise taxes and guarantee compliance with federal and provincial tax acts and regulations. Types of bonds include:

  • Fuel Tax
  • Non-Resident GST
  • Sales Tax
  • Tobacco Tax

A fiduciary bond is required of administrators, committees, executors, guardians or trustees. Fiduciary Bonds ensure the faithful performance of duties and obligations as outlined and in accordance with relevant laws and court orders. Types of bonds include:

  • Administration
  • Committee
  • Executor
  • Foreign Executor
  • Guardianship
  • Trustee in Bankruptcy

License & Permit
License & Permit Bonds guarantee compliance with the terms and conditions of various governmental licensing and permitting bodies. These typically respond when it is in the best interest of the public to ensure compliance. Types of bonds include:

  • Collection Agency
  • Consumer Protection
  • Contractor’s License & Permit
  • Electrical Contractors
  • Grain Dealer
  • Highway Transportation
  • Motor Vehicle Dealer
  • Private Investigators
  • Road Cut Bonds
  • Other License & Permit Bonds

Lost Instrument / Document
Lost Instrument / Document Bonds are requested when securities, share certificates, life insurance policies, or other financial instruments are lost and need to be reissued. The bond guarantees that the issuer of the replacement security will not suffer any economic loss as a result of a duplicate instrument being issued. Types of bonds include:

  • Fixed Penalty
  • Open Penalty
  • Waiver of Probate

Other Classes
For bond requirements that do not appear on the above lists, please contact your Trisura underwriter.

Minimum Premiums
Premiums for commercial surety bond requirements are charged on a class by class basis. Our minimum premium for individual bonds in most classes is $375.

Specialized Programs Trisura offers the efficiencies required for large and small programs through innovative technology and the expertise in underwriting specific needs. Entities that routinely collect security from a broad customer base, may benefit from the development of such a program. Speak to your Trisura underwriter for more details.

Customs & Excise Bonds – Bonds which are typically required by Canada Border Services Agency, including but not limited to, the following types:

  • Temporary Importation of Goods
  • Importers Direct Security
  • Release of Goods
  • Highway Carrier Bonds

Lost Instrument Bonds – Bonds typically required by transfer agents and financial institutions, below are examples of the types of bonds in this class:

  • Open Penalty Bonds
  • Fixed penalty Bonds
  • Waiver of Probate

Fiduciary Bond – Bonds required by probate courts, including the following types:

  • Committee
  • Guardianship
  • Foreign Executor
  • Administration

Licence and Permit – Bonds which are typically required by Provincial or Federal agencies, some of the types are listed below.

  • Contractors Licence Bonds
  • Consumer Protection Bonds
  • Direct Sellers Bonds
1. Commercial Surety Bonds can be used to guarantee performance of non-construction related contractual obligations.

2. Commercial Surety Bonds can replace letters of credit. They are generally more cost effective and while they prequalify the principal’s character, capacity and capital, they do not require the principal to post collateral as security, thereby preserving capital.

3. Commercial Surety Bonds are usually priced between 0.5% and 3% of the bond obligation.

4. Commercial Surety Bond premiums and bond wordings are typically standardized. The difference between surety companies lies in their appetite, service offerings and their ability to assess credit risk.

5. Commercial Surety Bonds are often required by federal or provincial legislation and guarantee that the principal is in compliance with the respective regulations, however they are becoming more commonly used by private owners to secure contractual obligations.