Mylo vs USI Insurance Services Surety Bonds

Mylo brokers commercial surety bonds by comparing quotes from multiple surety providers rather than acting as the surety itself. ³Company-reported. Surety bonds product page.

USI is a surety bond broker, not a surety. It says it is one of the leading domestic and international surety brokers and negotiates bonding capacity and terms with surety underwriters on a client's behalf. ⁷Company-reported. Surety Bond practice page.

The surety bonds product page does not name the specific surety company that would issue a given business's bond. ³Not publicly disclosed. Checked the surety bonds product page on 2026-09-23.

USI does not name surety companies on its practice page; it describes placing bonds through its surety-market relationships rather than a fixed panel. ⁷Not publicly disclosed. Page as read on 2026-09-23.

Mylo markets surety bonds to businesses whose local government requires a bond to hold a business license or permit. ³Company-reported. Surety bonds product page.

USI says its surety practice has a long history serving general contractors, trade contractors, highway/heavy construction projects, construction managers, developers and design-builders in the public and private sectors, and that its surety network also has experience outside construction. ⁷Company-reported. Company description of client base.

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. ³Company-reported. Surety bonds product page; a structural description, not a specific bond's terms.

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. ³Company-reported. Surety bonds product page FAQ.

USI lists bid bonds, performance and payment bonds (domestic and international), established surety programs, commercial surety and financial obligations, and subcontractor default insurance among its construction and surety products. ⁷Company-reported. Practice page product list; actual bond forms and terms are set by the surety and obligee.

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. ³Not publicly disclosed. Checked the surety bonds product page on 2026-09-23.

USI does not publish standard bonding-capacity figures; it cites individual case studies (a general contractor's bonding limits supporting a $10,000,000 revenue increase, and a mechanical contractor whose surety line supported $110,000,000 in revenue) rather than a general limit range. ⁷Not publicly disclosed. Case-study figures on the page are specific to those named accounts, not a published capacity table.

Not described in the reviewed sources.

USI describes a proprietary bond submission process that summarizes a client's underwriting and operational information alongside its own analysis and recommendations, and says its surety professionals help clients present their financials to the surety market and negotiate terms. ⁷Company-reported. Company description of its submission methodology.

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. ³Company-reported. Surety bonds product page "How will Mylo help me find the right bond?" section.

USI directs contractors and other prospective surety clients to email pcinquiries@usi.com or contact a local USI office. ⁷Company-reported. Contact instructions on the Surety Bond practice page.