What Does Surety Bonds from Gallagher Cover?
Gallagher places commercial surety bonds, including license and permit, court, public official and customs bonds, for clients in healthcare, financial services and public utilities.
What Is Gallagher’s Role in Surety Bonds?
Gallagher places commercial surety bonds as a three-party arrangement between the client (principal), the party requiring the bond (obligee) and a surety company; Gallagher brokers the bond rather than acting as the surety itself. 1Group-level commercial surety practice page.
Who Issues Gallagher Surety Bonds?
The commercial surety page describes relationships with "leadership at all major surety companies" but does not name the specific surety that would issue a given client's bond. 1Checked the group-level commercial surety practice page.
Who Is Gallagher Surety Bonds For?
Gallagher says it serves commercial surety clients across healthcare, financial services, public utilities, and private and public companies, for both domestic and international projects, and separately lists surety bond programs as a recommended coverage for small IT and technology businesses. 1,2Group-level commercial surety practice page and the small-business technology-services page.
What Coverage Features Does Gallagher Surety Bonds Include?
Gallagher says it places license and permit bonds, court bonds, public official bonds and customs bonds under its commercial surety practice, distinct from contract (construction) surety bonds, which it treats as a separate related product. 1Group-level commercial surety practice page; a service-menu description, not a specific bond's terms.
What Limits and Retentions Does Gallagher Surety Bonds Have?
The commercial surety page does not publish standard bond amounts, premium rates or collateral requirements; these vary by bond type and client. 1Checked the group-level commercial surety practice page.
What Risk Services Come With Gallagher Surety Bonds?
Gallagher says its surety team can help replace letters of credit with bonds, work with a client's existing surety program, and facilitate collateral release, citing a case where it placed commercial surety bonds in place of letters of credit to support $60 million in power-purchase obligations for an energy-company client. 1Group-level commercial surety practice page case study; a single company-reported example, not independently verified.
How Does Gallagher Compare With Other Surety Bonds Providers?
Other Coverage Lines From Gallagher
2 documents, numbered as cited. Open the sources