---
title: "Lockton vs Mylo Surety Bonds"
description: "Lockton brokers a large consultative surety book without listing forms; Mylo shops license and permit quotes for local-government obligees."
canonical: "https://spot.insure/compare/lockton-vs-mylo/surety-bonds"
page-type: "line-comparison"
updated-at: "2026-09-23"
---

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[Human-readable page](https://spot.insure/compare/lockton-vs-mylo/surety-bonds)

# Lockton vs Mylo Surety Bonds

Lockton brokers a large consultative surety book without listing forms; Mylo shops license and permit quotes for local-government obligees.

## Research Scope and Use

Use this comparison to evaluate Lockton and Mylo 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

Lockton brokers surety for more than 2,000 clients and lists financial, backlog and peer-analysis services. Mylo compares commercial surety quotes for businesses whose local government requires a license or permit bond. [4](https://global.lockton.com/us/en/surety "Surety") [7](https://choosemylo.com/business/product-surety-bonds "Surety Bonds")

## 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. [1](https://global.lockton.com/us/en "Lockton United States") [2](https://global.lockton.com/us/en/technology "Technology") [3](https://global.lockton.com/us/en/terms-of-business "US Terms of Business")

[Lockton profile](https://spot.insure/insurance-providers/lockton)

## What Is Mylo Insurance?

Mylo is an independent insurance broker for small and growing businesses. It recommends coverage and compares available quotes from multiple carriers online or with a licensed advisor; the insurer named on the resulting policy provides the coverage. [5](https://choosemylo.com/business/business-insurance "Small Business Insurance") [6](https://choosemylo.com/our-story "About Mylo")

[Mylo profile](https://spot.insure/insurance-providers/mylo)

## 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. [8](https://content.naic.org/glossary-insurance-terms "Glossary of Insurance Terms") [9](https://www.sba.gov/funding-programs/surety-bonds "Surety bonds")

## Key Differences in Surety Bonds

### Who Each Broker Says It Serves

Lockton describes itself as a large surety broker representing more than 2,000 clients across industries, without naming those industries. Mylo markets commercial surety to businesses whose local government requires a bond to hold a license or permit. [4](https://global.lockton.com/us/en/surety "Surety") [7](https://choosemylo.com/business/product-surety-bonds "Surety Bonds")

### What Each Page Says About Bond Types

Lockton's surety page does not list bond forms. Mylo explains a surety bond as a three-way agreement among the business, a government authority and an insurance company, for license or permit obligations, and describes reimbursement after a payout. [4](https://global.lockton.com/us/en/surety "Surety") [7](https://choosemylo.com/business/product-surety-bonds "Surety Bonds")

### How Each Helps You Get a Bond

Lockton lists data-driven work around the relationship: financial statement analysis, weighted backlog analysis, peer comparisons, profit trends and safety-record review, and says it tailors the service model to each client. Mylo says it can recommend the right bond, compare quotes across surety providers, and look for a combination of coverage and price. Neither page names the issuing surety. [4](https://global.lockton.com/us/en/surety "Surety") [7](https://choosemylo.com/business/product-surety-bonds "Surety Bonds")

## What to Confirm in Surety Bonds Quotes

- Ask Lockton which bond types it will place for you; the page does not list them. [4](https://global.lockton.com/us/en/surety "Surety")
- Ask Mylo which sureties it will shop for your license wording. [7](https://choosemylo.com/business/product-surety-bonds "Surety Bonds")
- Get the issuing surety from both. [4](https://global.lockton.com/us/en/surety "Surety") [7](https://choosemylo.com/business/product-surety-bonds "Surety Bonds")
- Confirm reimbursement terms if a claim is paid; Mylo describes them, and Lockton's page does not. [7](https://choosemylo.com/business/product-surety-bonds "Surety Bonds") [4](https://global.lockton.com/us/en/surety "Surety")

## Offering Details

| Criteria | Lockton Surety Brokerage | Mylo Surety Bonds |
| --- | --- | --- |
| Role in This Line | 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. [4](https://global.lockton.com/us/en/surety "Surety") (Evidence: Company-reported; scope: Surety product page as read 2026-09-23. Client count and market-size claims are company-reported..) | Mylo brokers commercial surety bonds by comparing quotes from multiple surety providers rather than acting as the surety itself. [7](https://choosemylo.com/business/product-surety-bonds "Surety Bonds") (Evidence: Company-reported; scope: Surety bonds product page..) |
| Issuing Insurer | The surety page does not name the surety companies Lockton places bonds with. [4](https://global.lockton.com/us/en/surety "Surety") (Evidence: Not publicly disclosed; scope: Surety page checked 2026-09-23..) | The surety bonds product page does not name the specific surety company that would issue a given business's bond. [7](https://choosemylo.com/business/product-surety-bonds "Surety Bonds") (Evidence: Not publicly disclosed; scope: Checked the surety bonds product page on 2026-09-23..) |
| Who It’s For | 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. [4](https://global.lockton.com/us/en/surety "Surety") (Evidence: Company-reported; scope: Surety product page as read 2026-09-23. No named industries or minimum bond size were published..) | Mylo markets surety bonds to businesses whose local government requires a bond to hold a business license or permit. [7](https://choosemylo.com/business/product-surety-bonds "Surety Bonds") (Evidence: Company-reported; scope: Surety bonds product page..) |
| Coverage Features | Not described in the reviewed sources. | Mylo explains a surety bond as a three-way agreement between the business (principal), a government authority (obligee) and an insurance company (surety): the surety pays the government authority if the business violates its license or permit, and the business must then reimburse the surety. [7](https://choosemylo.com/business/product-surety-bonds "Surety Bonds") (Evidence: Company-reported; scope: Surety bonds product page; a structural description, not a specific bond's terms..)<br><br>Mylo warns that if a business cannot reimburse the surety after a bond payout, the surety may sue, the business could lose its license, and it could become harder to obtain a bond in the future. [7](https://choosemylo.com/business/product-surety-bonds "Surety Bonds") (Evidence: Company-reported; scope: Surety bonds product page FAQ..) |
| Limits and Retentions | Not described in the reviewed sources. | The surety bonds product page does not publish typical bond amounts or premium ranges; these depend on the license or permit requirement and the business's profession. [7](https://choosemylo.com/business/product-surety-bonds "Surety Bonds") (Evidence: Not publicly disclosed; scope: Checked the surety bonds product page on 2026-09-23..) |
| Risk Services | 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. [4](https://global.lockton.com/us/en/surety "Surety") (Evidence: Company-reported; scope: Surety product page as read 2026-09-23..) | Not described in the reviewed sources. |
| How to Apply | Not described in the reviewed sources. | Mylo says it can recommend the right bond for a business, compare quotes across surety bond providers, and find the best combination of coverage and price. [7](https://choosemylo.com/business/product-surety-bonds "Surety Bonds") (Evidence: Company-reported; scope: Surety bonds product page "How will Mylo help me find the right bond?" section..) |

## Full Comparison

- [Lockton vs Mylo](https://spot.insure/compare/lockton-vs-mylo): 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.
- [Lockton vs Mylo Cyber Insurance](https://spot.insure/compare/lockton-vs-mylo/cyber)
- [Lockton vs Mylo Employee Health Benefits](https://spot.insure/compare/lockton-vs-mylo/employee-health-benefits)
- [Lockton vs Mylo General Liability Insurance](https://spot.insure/compare/lockton-vs-mylo/general-liability)
- [Lockton vs Mylo Workers’ Compensation Insurance](https://spot.insure/compare/lockton-vs-mylo/workers-compensation)
- [Chubb vs Lockton Surety Bonds](https://spot.insure/compare/chubb-vs-lockton/surety-bonds)
- [Chubb vs Mylo Surety Bonds](https://spot.insure/compare/chubb-vs-mylo/surety-bonds)
- [Coverdash vs Lockton Surety Bonds](https://spot.insure/compare/coverdash-vs-lockton/surety-bonds)
- [Coverdash vs Mylo Surety Bonds](https://spot.insure/compare/coverdash-vs-mylo/surety-bonds)
- [Embroker vs Lockton Surety Bonds](https://spot.insure/compare/embroker-vs-lockton/surety-bonds)
- [Embroker vs Mylo Surety Bonds](https://spot.insure/compare/embroker-vs-mylo/surety-bonds)

## Sources

### Lockton

1. [Lockton United States](https://global.lockton.com/us/en). Lockton; Opening description of independent insurance brokerage for risk, benefits and retirement; Ask an Expert link to contact-us. Accessed 2026-09-16.
2. [Technology](https://global.lockton.com/us/en/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.
3. [US Terms of Business](https://global.lockton.com/us/en/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.
4. [Surety](https://global.lockton.com/us/en/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.

### Mylo

5. [Small Business Insurance](https://choosemylo.com/business/business-insurance). Mylo; Hero; What Insurance Does A Small Business Need (Business Owners Policy listing); Get My Quote; Business Insurance FAQs; commercial-product navigation; footer legal disclosure. Accessed 2026-09-16.
6. [About Mylo](https://choosemylo.com/our-story). Mylo; Your Digital One-Stop Shop; The Broker Advantage; Proven Heritage, Powerful Future; About Mylo FAQs. Accessed 2026-09-15.
7. [Surety Bonds](https://choosemylo.com/business/product-surety-bonds). Mylo; Surety bonds show you mean business; How does a surety bond work?; Surety bond FAQs; How will Mylo help me find the right bond?. Accessed 2026-09-23.

### Surety Bonds Guide

8. [Glossary of Insurance Terms](https://content.naic.org/glossary-insurance-terms). National Association of Insurance Commissioners; Surety Bond; Fidelity. Accessed 2026-09-16.
9. [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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