---
title: "Chubb vs Gallagher Surety Bonds"
description: "Chubb underwrites construction through international surety; Gallagher brokers commercial surety (license, court, public official, customs) and treats contract surety as separate."
canonical: "https://spot.insure/compare/chubb-vs-gallagher/surety-bonds"
page-type: "line-comparison"
updated-at: "2026-09-23"
---

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# Chubb vs Gallagher Surety Bonds

Chubb underwrites construction through international surety; Gallagher brokers commercial surety (license, court, public official, customs) and treats contract surety as separate.

## Research Scope and Use

Use this comparison to evaluate Chubb and Gallagher for Surety Bonds against the same documented criteria. It identifies differences and questions to confirm; it does not select a winner for a particular business. Offering claims are what each provider publishes about this line unless marked otherwise. “Not found” describes the evidence reviewed, not proof that a feature is unavailable. Confirm the insurer, policy wording, limits, retentions, exclusions and cost in an actual quote.

## Summary

Chubb underwrites surety directly, including construction, commercial, transactional and international bonds, with a $2.289 billion Treasury listing as of August 2026. Gallagher places commercial surety as a broker—license and permit, court, public official and customs bonds—distinct from contract (construction) surety. [4](https://www.chubb.com/us-en/surety.html "Surety Bonds") [10](https://www.ajg.com/insurance/commercial-surety-bonds/ "Surety")

## What Is Chubb?

Chubb is the marketing name for a global insurance group whose U.S. companies underwrite commercial property, casualty, cyber and financial-lines coverage, including technology-focused DigiTech ERM and small-business packages. Founders and finance teams typically work through an appointed agent, then receive a policy issued by a named Chubb-group insurer rather than by the Swiss holding company. [1](https://www.chubb.com/us-en/business-insurance/industries/technology.html "Insurance For Technology Companies") [2](https://www.chubb.com/us-en/terms-of-use.html "Terms Of Use") [3](https://www.chubb.com/us-en/business-insurance/products/cyber-insurance/cyber-insurance-products.html "Cyber Insurance Coverage & Products")

[Chubb profile](https://spot.insure/insurance-providers/chubb)

## What Is Gallagher?

Gallagher is a business-insurance broker and risk-management consultancy. Its technology practice serves startups through global enterprises, alongside a separate small-business offering for IT professionals and an executive-risk practice covering D&O and transaction-related coverages. Woodruff Sawyer is now part of Gallagher. [5](https://www.ajg.com/industries/technology-insurance/ "Technology Insurance") [6](https://www.gallaghersmallbusiness.com/technology-services/ "Insurance for Technology & IT Businesses") [7](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [8](https://www.gallaghersmallbusiness.com/legal-information/ "Legal Information") [9](https://www.ajg.com/merger-partners/woodruff-sawyer-is-now-gallagher/ "Woodruff Sawyer Is Now Gallagher")

[Gallagher profile](https://spot.insure/insurance-providers/gallagher)

## What Are Surety Bonds?

A surety bond is a three-party agreement: a surety guarantees an obligation your business (the principal) owes to a customer or other party (the obligee) if your business defaults. It isn't insurance that pays your business for its own losses. [11](https://content.naic.org/glossary-insurance-terms "Glossary of Insurance Terms") [12](https://www.sba.gov/funding-programs/surety-bonds "Surety bonds")

## Key Differences in Surety Bonds

### Issuer Versus Broker of Commercial Surety

Chubb underwrites surety bonds directly. Gallagher places commercial surety bonds as a three-party arrangement between the client (principal), the obligee and a surety company; Gallagher brokers the bond rather than acting as the surety. Gallagher describes relationships with leadership at all major surety companies but does not name the surety for a given client. [4](https://www.chubb.com/us-en/surety.html "Surety Bonds") [10](https://www.ajg.com/insurance/commercial-surety-bonds/ "Surety")

### Construction on Chubb’s Menu Versus Gallagher’s Commercial Focus

Chubb’s products span Construction Surety Bonds, Commercial Surety Bonds for highly rated public and private companies, Transactional Surety Bonds for smaller or infrequent needs, and International Surety Bonds. Gallagher says it places license and permit, court, public official and customs bonds under commercial surety, distinct from contract (construction) surety, which it treats as a separate related product. [4](https://www.chubb.com/us-en/surety.html "Surety Bonds") [10](https://www.ajg.com/insurance/commercial-surety-bonds/ "Surety")

### Capacity and Letter-of-Credit Work

Chubb reports a $2.289 billion aggregate Treasury listing as of August 2026 and surety capabilities in more than 45 countries. Gallagher says its surety team can help replace letters of credit with bonds, work with an existing surety program, and facilitate collateral release, citing a case where it placed commercial surety bonds in place of letters of credit to support $60 million in power-purchase obligations. Gallagher’s commercial surety page does not publish standard bond amounts or rates. [4](https://www.chubb.com/us-en/surety.html "Surety Bonds") [10](https://www.ajg.com/insurance/commercial-surety-bonds/ "Surety")

## What to Confirm in Surety Bonds Quotes

- Ask Gallagher whether you need commercial surety or the separate contract-surety product. [10](https://www.ajg.com/insurance/commercial-surety-bonds/ "Surety")
- Ask Chubb which of construction, commercial, transactional or international applies. [4](https://www.chubb.com/us-en/surety.html "Surety Bonds")
- If replacing a letter of credit, ask Gallagher how that case-study process would apply to your obligee. [10](https://www.ajg.com/insurance/commercial-surety-bonds/ "Surety")
- Get the issuing surety name on Gallagher’s quote; Chubb is the surety when it writes the bond. [10](https://www.ajg.com/insurance/commercial-surety-bonds/ "Surety") [4](https://www.chubb.com/us-en/surety.html "Surety Bonds")

## Offering Details

| Criteria | Chubb Surety Bonds | Gallagher Commercial Surety Bonds |
| --- | --- | --- |
| Role in This Line | Chubb underwrites surety bonds directly and says it has written bonds for more than 140 years, describing itself as the 5th largest surety provider in the U.S. [4](https://www.chubb.com/us-en/surety.html "Surety Bonds") (Evidence: Company-reported; scope: Surety Bonds product page introduction; company-reported ranking, not independently verified..) | Gallagher places commercial surety bonds as a three-party arrangement between the client (principal), the party requiring the bond (obligee) and a surety company; Gallagher brokers the bond rather than acting as the surety itself. [10](https://www.ajg.com/insurance/commercial-surety-bonds/ "Surety") (Evidence: Company-reported; scope: Group-level commercial surety practice page..) |
| Issuing Insurer | Not described in the reviewed sources. | The commercial surety page describes relationships with "leadership at all major surety companies" but does not name the specific surety that would issue a given client's bond. [10](https://www.ajg.com/insurance/commercial-surety-bonds/ "Surety") (Evidence: Not publicly disclosed; scope: Checked the group-level commercial surety practice page..) |
| Who It’s For | Chubb positions Commercial Surety Bonds for highly rated public and private companies, while Transactional Surety Bonds target commercial businesses and individuals with small or infrequent surety needs. [4](https://www.chubb.com/us-en/surety.html "Surety Bonds") (Evidence: Company-reported; scope: Products & Services list..) | Gallagher says it serves commercial surety clients across healthcare, financial services, public utilities, and private and public companies, for both domestic and international projects, and separately lists surety bond programs as a recommended coverage for small IT and technology businesses. [10](https://www.ajg.com/insurance/commercial-surety-bonds/ "Surety") [6](https://www.gallaghersmallbusiness.com/technology-services/ "Insurance for Technology & IT Businesses") (Evidence: Company-reported; scope: Group-level commercial surety practice page and the small-business technology-services page..) |
| Coverage Features | Chubb's surety products span Construction Surety Bonds (performance, payment, maintenance, supply and install, service bonds), Commercial Surety Bonds (license and permit, court, commercial contract, reclamation, customs and workers' compensation bonds) for highly rated public and private companies, Transactional Surety Bonds for smaller or infrequent needs, and International Surety Bonds. [4](https://www.chubb.com/us-en/surety.html "Surety Bonds") (Evidence: Company-reported; scope: Products & Services list; subject to underwriting..) | Gallagher says it places license and permit bonds, court bonds, public official bonds and customs bonds under its commercial surety practice, distinct from contract (construction) surety bonds, which it treats as a separate related product. [10](https://www.ajg.com/insurance/commercial-surety-bonds/ "Surety") (Evidence: Company-reported; scope: Group-level commercial surety practice page; a service-menu description, not a specific bond's terms..) |
| Limits and Retentions | Chubb reports a $2.289 billion aggregate Treasury (T-listing) as of August 2026, and says it has surety capabilities in more than 45 countries and territories. [4](https://www.chubb.com/us-en/surety.html "Surety Bonds") (Evidence: Company-reported; scope: Surety Bonds product page introduction stats..) | The commercial surety page does not publish standard bond amounts, premium rates or collateral requirements; these vary by bond type and client. [10](https://www.ajg.com/insurance/commercial-surety-bonds/ "Surety") (Evidence: Not publicly disclosed; scope: Checked the group-level commercial surety practice page..) |
| Risk Services | Not described in the reviewed sources. | Gallagher says its surety team can help replace letters of credit with bonds, work with a client's existing surety program, and facilitate collateral release, citing a case where it placed commercial surety bonds in place of letters of credit to support $60 million in power-purchase obligations for an energy-company client. [10](https://www.ajg.com/insurance/commercial-surety-bonds/ "Surety") (Evidence: Company-reported; scope: Group-level commercial surety practice page case study; a single company-reported example, not independently verified..) |
| How to Apply | Chubb offers Chubb Surety Marketplace, an online platform for Transactional Surety Bonds, in addition to placement through appointed agents and brokers for its other surety products. [4](https://www.chubb.com/us-en/surety.html "Surety Bonds") (Evidence: Company-reported; scope: Transactional Surety Bonds description..) | Not described in the reviewed sources. |
| Claims Support | Chubb publishes instructions for submitting a surety claim by email or mail and offers a dedicated email and phone line to verify the authenticity of a Chubb surety bond. [4](https://www.chubb.com/us-en/surety.html "Surety Bonds") (Evidence: Company-reported; scope: Surety Claims Resources section and FAQ..) | Not described in the reviewed sources. |

## Full Comparison

- [Chubb vs Gallagher](https://spot.insure/compare/chubb-vs-gallagher): all coverage lines, business roles, service and claims.
- [What Are Surety Bonds?](https://spot.insure/coverage/surety-bonds): A surety bond guarantees an obligation your business owes to a customer or other party if your business defaults.
- [Chubb vs Gallagher Business Owner’s Policy](https://spot.insure/compare/chubb-vs-gallagher/business-owners-policy)
- [Chubb vs Gallagher Commercial Auto Insurance](https://spot.insure/compare/chubb-vs-gallagher/commercial-auto)
- [Chubb vs Gallagher Commercial Property Insurance](https://spot.insure/compare/chubb-vs-gallagher/commercial-property)
- [Chubb vs Gallagher Crime Insurance](https://spot.insure/compare/chubb-vs-gallagher/crime)
- [Chubb vs Gallagher Cyber Insurance](https://spot.insure/compare/chubb-vs-gallagher/cyber)
- [Chubb vs Gallagher D&O Insurance](https://spot.insure/compare/chubb-vs-gallagher/directors-officers)
- [Chubb vs Gallagher Employment Practices Liability Insurance](https://spot.insure/compare/chubb-vs-gallagher/employment-practices)
- [Chubb vs Gallagher Fiduciary Liability Insurance](https://spot.insure/compare/chubb-vs-gallagher/fiduciary)
- [Chubb vs Gallagher General Liability Insurance](https://spot.insure/compare/chubb-vs-gallagher/general-liability)
- [Chubb vs Gallagher Kidnap and Ransom Insurance](https://spot.insure/compare/chubb-vs-gallagher/kidnap-ransom)
- [Chubb vs Gallagher Product Recall Insurance](https://spot.insure/compare/chubb-vs-gallagher/product-recall)
- [Chubb vs Gallagher Professional Liability (E&O) Insurance](https://spot.insure/compare/chubb-vs-gallagher/professional-errors-omissions)
- [Chubb vs Gallagher Representations and Warranties Insurance](https://spot.insure/compare/chubb-vs-gallagher/representations-warranties)
- [Chubb vs Gallagher Tech E&O Insurance](https://spot.insure/compare/chubb-vs-gallagher/technology-errors-omissions)
- [Chubb vs Gallagher Umbrella and Excess Liability Insurance](https://spot.insure/compare/chubb-vs-gallagher/umbrella-excess)
- [Chubb vs Gallagher Workers’ Compensation Insurance](https://spot.insure/compare/chubb-vs-gallagher/workers-compensation)
- [Chubb vs Coverdash Surety Bonds](https://spot.insure/compare/chubb-vs-coverdash/surety-bonds)
- [Chubb vs Embroker Surety Bonds](https://spot.insure/compare/chubb-vs-embroker/surety-bonds)
- [Chubb vs Harper Surety Bonds](https://spot.insure/compare/chubb-vs-harper/surety-bonds)
- [Chubb vs Heffernan Insurance Brokers Surety Bonds](https://spot.insure/compare/chubb-vs-heffernan/surety-bonds)
- [Chubb vs HUB International Surety Bonds](https://spot.insure/compare/chubb-vs-hub-international/surety-bonds)
- [Coverdash vs Gallagher Surety Bonds](https://spot.insure/compare/coverdash-vs-gallagher/surety-bonds)

## Sources

### Chubb

1. [Insurance For Technology Companies](https://www.chubb.com/us-en/business-insurance/industries/technology.html). Chubb; Industry overview; Who we serve; Products and services: commercial package insurance (BOP, Benchmarq, Customarq), E&O/Cyber, Financial Lines, workers’ compensation, auto and umbrella; dedicated underwriting, claims and risk engineering. Accessed 2026-09-16.
2. [Terms Of Use](https://www.chubb.com/us-en/terms-of-use.html). Chubb; Acceptance of Terms identifying Chubb Group Holdings Inc.; surplus-lines producer restriction; products not available to all users or jurisdictions; Chubb Limited safe-harbor language; Internet Portals for Chubb Business. Accessed 2026-09-16.
3. [Cyber Insurance Coverage & Products](https://www.chubb.com/us-en/business-insurance/products/cyber-insurance/cyber-insurance-products.html). Chubb; Cyber insurance product catalog: Cyber ERM, DigiTech ERM (technology E&O, media and cyber) and Pro ERM (non-licensed professional services); Marketplace quoting for eligible risks under $100 million revenue; first- and third-party coverage summaries. Accessed 2026-09-16.
4. [Surety Bonds](https://www.chubb.com/us-en/surety.html). Chubb; Introduction stats (140+ years, 5th largest U.S. surety provider, $2.289 billion aggregate T-listing as of August 2026, 45+ countries); Products & Services list: Construction, Commercial, Transactional, International Surety Bonds; Surety Claims section. Accessed 2026-09-23.

### Gallagher

5. [Technology Insurance](https://www.ajg.com/industries/technology-insurance/). Gallagher; Introduction; Solutions and coverages for the technology industry: Technology errors and omissions including cyber, Intellectual property insurance, Product liability, Employee benefits; Data-driven insights; global network. Accessed 2026-09-16.
6. [Insurance for Technology & IT Businesses](https://www.gallaghersmallbusiness.com/technology-services/). Gallagher Small Business; Protection for IT Professionals & Their Technology-Based Businesses; recommended coverage menu, including Surety Bond Programs; Connect With An Advisor. Accessed 2026-09-16.
7. [Executive and Financial Risk Insurance](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/). Gallagher; Opening (insurance broking and placement); three key services; Directors and Officers; IPO and direct listings; Employment Practices; Fiduciary; Employee Dishonesty (Crime) and Fidelity Bond; Kidnap, Ransom and Extortion; M&A Transactional Insurance. Accessed 2026-09-16.
8. [Legal Information](https://www.gallaghersmallbusiness.com/legal-information/). Gallagher Small Business; Producer identification immediately above Quick Links. Accessed 2026-09-16.
9. [Woodruff Sawyer Is Now Gallagher](https://www.ajg.com/merger-partners/woodruff-sawyer-is-now-gallagher/). Gallagher; Opening; Executive and Financial Risk consulting; Continued access to client portals; contact form. Accessed 2026-09-16.
10. [Surety](https://www.ajg.com/insurance/commercial-surety-bonds/). Gallagher; Surety relationships that convert to future growth; Understanding commercial surety vs. contract surety bonds; Providing assurance that keeps business moving (License and permit bonds, Court bonds, Public official bonds, Customs bonds); The Gallagher Difference case study; Commercial Surety and Bonds Summary. Accessed 2026-09-23.

### Surety Bonds Guide

11. [Glossary of Insurance Terms](https://content.naic.org/glossary-insurance-terms). National Association of Insurance Commissioners; Surety Bond; Fidelity. Accessed 2026-09-16.
12. [Surety bonds](https://www.sba.gov/funding-programs/surety-bonds). U.S. Small Business Administration; Opening guarantee of work completion; Contract or commercial bonds; Bid, Payment, Performance, Ancillary; Eligibility > credit, capacity, and character. Accessed 2026-09-16.

Updated 2026-09-23. Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. The comparison applies the same criteria to both providers. [Editorial policy](https://spot.insure/editorial-policy). To suggest a correction, [contact Spot](https://spot.insure/contact) with the page URL and supporting source.

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