HUB International vs 
Lockton Surety Bonds
HUB names bid, performance, payment and commercial surety and the three C's; Lockton lists data-driven surety services without bond types.
What Is HUB International?
HUB International is a North American insurance brokerage that arranges business insurance, employee benefits and related risk services through local offices and specialist practices. Smaller commercial accounts may be sent to Insureon for an online quote; other programs are handled by HUB advisors, with policy terms set by the insurers they use. 1,2,3
What Is Lockton?
Lockton is a privately held insurance brokerage that arranges commercial risk, employee benefits and retirement programs. US pages describe a technology practice and intermediary placement with insurers, not Lockton as the policy’s insurer. 5,6,7
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. 9,10
Key Differences in Surety Bonds
Named Contract and Commercial Forms Versus an Unlisted Practice
HUB and Lockton both broker rather than act as surety. HUB describes bid bonds that secure a bid, performance bonds that guarantee completion, payment bonds that protect subcontractors and suppliers, plus wage, warranty, maintenance and lien-release, and a separate commercial surety book for government, banks and private corporations. Lockton's page does not list those forms; it describes representing more than 2,000 clients across industries. 4 8
Three C's Documentation Versus Financial and Safety Analytics
HUB says eligibility turns on character, capacity and capital, with a surety specialist guiding the file. Lockton lists financial statement analysis and credit rating, weighted backlog analysis, peer comparisons, project profit trends and safety-record review as the services around the bond. 4 8
Specialist-Led File Versus a Tailored Service Model
HUB positions the specialist relationship as central to getting bonded. Lockton says it tailors the service model to each client rather than one standard approach. Neither reviewed page names the issuing surety. 4 8
What to Confirm in Surety Bonds Quotes
- Ask HUB whether the obligee needs contract or commercial surety and how the three C's will be documented. 4
- Ask Lockton which analysis tools apply to your account and what industries it currently bonds. 8
- Get the issuing surety from both. 4 8
- Confirm penal sum, rate and indemnity; neither page publishes figures. 4 8
Offering Details
HUB International vs Lockton Surety Bonds: documented features by provider
| Criteria | HUB International Surety Bonds Brokerage | Lockton Surety Brokerage |
|---|---|---|
| Role in This Line | HUB brokers surety bonds, acting as an intermediary between the contractor buying the bond (principal), the party requiring it (obligee) and the insurance company guaranteeing performance (surety), rather than acting as the surety itself. 4Company-reported. Surety bonds product page as read 2026-09-23. | Lockton Surety brokers surety bonds and says it has become one of the largest surety brokers in the world, representing more than 2,000 clients across industries. Lockton is the broker facilitating the bond relationship, not the surety. 8Company-reported. Surety product page as read 2026-09-23. Client count and market-size claims are company-reported. |
| Issuing Insurer | The surety bonds page does not name a specific surety company; HUB places bonds with sureties that vary by client and bond type. 4Not found in reviewed sources. Checked the surety bonds page on 2026-09-23; no surety company is disclosed there. | The surety page does not name the surety companies Lockton places bonds with. 8Not publicly disclosed. Surety page checked 2026-09-23. |
| Who It’s For | HUB underwrites bond eligibility around what it calls the three C's: character (credit record and business integrity), capacity (skills, experience, equipment and facilities), and capital (financial strength for project costs), and says a surety specialist guides applicants through the required documentation. 4Company-reported. Product-page underwriting-criteria description; the surety, not HUB, makes the final bonding decision. | Lockton says it represents clients across a wide range of industries and tailors its surety service model to each client rather than a single standard approach. 8Company-reported. Surety product page as read 2026-09-23. No named industries or minimum bond size were published. |
| Coverage Features | HUB describes contract surety bonds it arranges as including bid bonds that secure a bid submission, performance bonds that guarantee a project is completed per contract, and payment bonds that guarantee subcontractors, laborers and suppliers are paid, plus other bond types such as wage, warranty, maintenance and lien-release bonds. 4Company-reported. Product-page bond-type descriptions; the issued bond and its terms control an actual claim. HUB also arranges commercial surety bonds, which it says are primarily required by government entities, financial institutions and private corporations to guard against fraud, theft or illegal conduct. 4Company-reported. Product-page commercial-surety description. | Not described in the reviewed sources. |
| Risk Services | Not described in the reviewed sources. | Lockton lists data-driven surety services it provides: financial statement analysis and credit rating, weighted backlog analysis, financial and rate peer comparisons and benchmarking, individual project and composite profit trend analysis, and detailed safety record review. 8Company-reported. Surety product page as read 2026-09-23. |
| How to Apply | HUB says a surety specialist works with applicants on the documentation and underwriting process needed to obtain a bond, positioning the broker relationship as central to getting bonded. 4Company-reported. Product-page application description as read 2026-09-23. | Not described in the reviewed sources. |
Full Comparison
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Sources
HUB International
- About Us. HUB International; Opening description; 1998 formation of HUB International Limited; 2022 Insureon acquisition; headquarters and employee/office counts. Accessed 2026-09-16.
- Contact Us. HUB International; Business Solutions paths for Commercial Insurance Solutions versus Small Commercial Insurance Solutions via Insureon; office search. Accessed 2026-09-16.
- Insurance for Technology Companies. HUB International; Technology Company Insurance & Risk Management: startup, software, hardware and digital-media introduction; Business Coverage and People Protection lists; technology-client count. Accessed 2026-09-16.
- Surety Bonds and Surety Bond Insurance for Businesses. HUB International; What is a surety bond?; three-party structure (principal, obligee, surety); Types of surety bonds: bid, performance, payment and other contract surety bonds; Commercial Surety section; Three C's of underwriting: Character, Capacity, Capital; What Do You Need to Get a Surety Bond? Accessed 2026-09-23.
Lockton
- Lockton United States. Lockton; Opening description of independent insurance brokerage for risk, benefits and retirement; Ask an Expert link to contact-us. Accessed 2026-09-16.
- Technology. Lockton; Industry introduction; cyber liability heading; dedicated technology team; listed services including claims advocacy, contract review, directors and officers liability, and international program design; 24/7 service model. Accessed 2026-09-16.
- US Terms of Business. Lockton; Opening entity definition; Surplus Lines; Use of a Particular Insurer; Compensation Disclosure; servicing, claims handling and renewal language in Confidentiality section; Intermediaries. Accessed 2026-09-16.
- Surety. Lockton; Disrupting surety brokerage since 1966; Consultative services; An unparalleled level of service; Data-driven solutions tools and services list. Accessed 2026-09-23.
Surety Bonds Guide
- Glossary of Insurance Terms. National Association of Insurance Commissioners; Surety Bond; Fidelity. Accessed 2026-09-16.
- 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.
