Corporate surety bonds were first organized in 1837 as the Guarantee Society of London. Later in that same era in 1865, the Fidelity Insurance Company was created and became the very first US Corporate Surety company. The venture however, failed soon afterwards.

The Surety and Fidelity Association of America states that the annual US surety bond premiums are estimated to be at around $3.5 billion. The one responsible for regulating corporate surety activities are the state insurance commissioners, so long as it is within their boundaries of jurisdiction. The commissioners are also the ones that give licenses to brokers, regulate them, as well as with agents who are the ones selling the bonds.

Corporate surety bonds many also be used in different scenarios. For example, corporate security bonds may be used to secure the proper performance of fiduciary duties by those people who are appointed positions of private or public trust.

Surety bonds in general are also very much used in various industries, especially in construction. It is a frequent fixture in the construction industry as it needed in order to obtain a contract to build a project. The general contractor, and the sub-contractor too on some occasions, are the ones who provide the owner of a bond for tis performance of the terms of the contract.