Lockton vs 
Travelers Surety Bonds
Lockton brokers surety with financial and backlog analytics; Travelers underwrites commercial and contract surety through agents.
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. 1,2,3
What Is Travelers Insurance?
Travelers is a U.S. property-casualty insurance group that markets business coverage, including a technology practice, through independent agents and brokers. Buyers can investigate CyberRisk Tech, a small-business technology-services policy, and other commercial lines, then confirm the issuing company and California availability on a quote. 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. 10,11
Key Differences in Surety Bonds
Broker With Analytics Versus Direct Underwriter
Lockton is the broker in the bond relationship, not the surety, and cites more than 2,000 clients. Travelers underwrites commercial and contract surety itself.
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. 4Company-reported. Surety product page as read 2026-09-23. Client count and market-size claims are company-reported.
A Lockton placement still depends on a surety Lockton does not name; a Travelers bond, if issued, is Travelers paper. 4 8
Service List Versus Bond-Type List
Lockton lists financial statement analysis, weighted backlog, peer comparisons, profit trends and safety-record review. Travelers lists bid, performance and payment, construction materials supply, court, custom, depository, ERISA fidelity, license and permit, lost instrument, miscellaneous, notary, official, release of lien and utility bonds. 4 8
Tailored Brokerage Versus an Agent Path
Lockton says it tailors the service model to each client. Travelers directs buyers to find an agent and tells agents that surety applications sit in its forms library. Travelers' commercial surety ranges from individuals to multinationals; contract surety is staffed for construction. 4 8 9
What to Confirm in Surety Bonds Quotes
Offering Details
Lockton vs Travelers Surety Bonds: documented features by provider
| Criteria | Lockton Surety Brokerage | Travelers 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. 4Company-reported. Surety product page as read 2026-09-23. Client count and market-size claims are company-reported. | Travelers underwrites surety bonds directly through two practices, commercial surety and contract surety, rather than only brokering bonds written by other sureties. 8Company-reported. Surety-bond product page, as read on 2026-09-23. |
| Issuing Insurer | The surety page does not name the surety companies Lockton places bonds with. 4Not publicly disclosed. Surety page checked 2026-09-23. | The reviewed surety-bond page does not name the specific underwriting entity for a bond; Travelers' related professional-liability pages attribute management and professional liability products to Travelers Casualty and Surety Company of America and its property-casualty affiliates, but that page does not cover surety. 8Not publicly disclosed. Surety-bond page as read on 2026-09-23; the entity named elsewhere is not confirmed as the surety issuer. |
| 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. 4Company-reported. Surety product page as read 2026-09-23. No named industries or minimum bond size were published. | Travelers says commercial surety serves both individuals and businesses ranging from small companies to multinational companies, while contract surety is supported by underwriters focused on construction industry risk. 8Company-reported. Commercial surety and contract surety descriptions on the surety-bond page. |
| Coverage Features | Not described in the reviewed sources. | Travelers lists bond types including bid, performance and payment bonds, construction materials supply bonds, court bonds (judicial, fiduciary and probate), custom bonds, depository bonds, ERISA fidelity bonds, license and permit bonds, lost instrument bonds, miscellaneous bonds, notary public bonds, official bonds, release of lien bonds and utility bonds. 8Company-reported. Bond-type list on the surety-bond page; a given bond type's terms and availability are underwriting-specific. |
| Limits and Retentions | Not described in the reviewed sources. | The reviewed surety-bond page does not publish bond-amount limits, premium rates or underwriting capacity figures. 8Not publicly disclosed. Surety-bond page as read 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. 4Company-reported. Surety product page as read 2026-09-23. | Not described in the reviewed sources. |
| How to Apply | Not described in the reviewed sources. | Travelers directs buyers to find an insurance agent to obtain a surety bond, and separately tells agents that surety bond application forms are in its agent forms library alongside management and professional liability applications. 8,9Company-reported. Surety-bond page CTA and the E&O page's agent-forms link. |
Full Comparison
More Lockton vs Travelers Comparisons
Other Surety Bonds Comparisons
Sources
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.
Travelers
- Technology Insurance. Travelers; Technology insurance products we offer: CyberRisk Tech, Global Companion Plus+, general liability, commercial property, workers compensation, commercial auto, umbrella; startup-to-established-leader audience. Accessed 2026-09-16.
- Travelers Producer Compensation Disclosure (United States). Travelers; Independent producers; seven compensation types; Simply Business, Inc. and InsuraMatch, LLC ownership; The Travelers Indemnity Company footer; Northfield Excess & Surplus Lines product list. Accessed 2026-09-16.
- Contact Us. Travelers; Business insurance sold through independent agents; business claims 1.800.238.6225; MyTravelers for business features. Accessed 2026-09-16.
- Surety Bond. Travelers; Surety bonds provided by Travelers: bid, performance and payment, construction materials supply, court, custom, depository, ERISA fidelity, license and permit, lost instrument, miscellaneous, notary public, official, release of lien, utilities; Commercial surety; Contract surety. Accessed 2026-09-23.
- Errors and Omissions Insurance (E&O). Travelers; Applications and forms for agents: surety bond forms library. 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.
