Surety Insurance
Lockton's leadership in Surety is based on unparalleled experience and expertise, coupled with advanced, proprietary software and a unique ability to solidify relationships and trust among the parties involved in the bonding process.
Surety Bonding
We have forged strong partnerships with leading insurance/surety companies. Our in-depth knowledge of surety bonding provides us with the ability to meet your demands and important time constraints. Lockton's surety capabilities range from bonding of very large-scale public or private construction projects to one-time performance agreements dictated by statute or legal judgment.
The Lockton surety team members are dedicated to their client assignments. We are able to handle your most involved and specialized surety bond needs and we are structured to deliver superior service, even if many bonds are spread between contract and commercial, national and international.
We start by meeting with you for an extensive orientation and planning session, where we listen to your needs and review your current handling procedures. We then take what we've learned, and develop a plan which provides for more effective, streamlined surety solutions centered on your needs and specific service demands.
A typical Lockton surety account is a multi-faceted business with multiple operating entities, at times located both nationally and internationally. We perform many services, including data management, depending on the individual requirements of each account.
Your company will benefit from our expert advice in:
- Developing and implementing a tailored service plan
- Outsourcing bond-related risk management functions
- Implementing necessary control procedures
- Setting up customized billing and reporting systems
- Benchmarking and peer group analysis trending
- Consulting on specialized needs or applications
In the UK, we have a dedicated Surety department which also places global risks into the UK surety market.
Lockton Service
Service starts with listening. We take the time to understand your specific goals, design a program that fits your needs, aggressively negotiate coverage, and implement a service plan. You will have the same dedicated service team throughout the entire process which allows us to anticipate your needs and create accountability.
It’s all about you. As a private, family-owned company, all our Associates focus solely on you, our client, rather than public shareholders.
Long-term thinking. Clients stay with us based on our expertise, creative solutions, seamless global resources and outstanding service. Our client retention rate of 95 percent reiterates our commitment to each and every client.