Sun Surety

What Sun Surety does

Sun Surety Insurance Company is a privately held, family-owned insurance carrier that exclusively underwrites bail bonds for licensed bail bond agents in the United States. Founded in 1998 by William Wood in Rapid City, South Dakota, the company is now operated by the third generation of the Wood family and is licensed to operate in 42 U.S. states. It positions itself as the nation's only exclusive bail bond insurance company, providing contractual coverage, indemnity agreements, and power of attorney documentation to its network of appointed producer/agent partners. The company maintains a small core team (1-10 employees) under family ownership with no external institutional investors or parent company.

The company's core product is bail bond insurance underwriting, backed by competitive contract rates, 24-hour on-call representative support for transfer bonds and writing approval, and same-day power of attorney replacements. There is no proprietary technology platform; agent onboarding occurs through an online Producer Application or printable PDF, and operational documents (Affidavit of Discharge, Agent's Report, Large Bond Approval) are delivered as PDF downloads. Sun Surety augments its offering with an agent resources portal linking to external legal research sites, department of insurance directories, and nationwide court references.

Sun Surety generates revenue by collecting insurance premiums, contract rates, and build-up fund contributions from its network of appointed producers. Distribution is entirely channel-based — appointed licensed agents write bonds backed by Sun Surety's surety capacity, while Sun Surety itself does not transact with end consumers (defendants). Pricing is not publicly disclosed and is negotiated on a per-contract basis. The company maintains industry positioning through membership in the Professional Bail Agents of the United States (PBUS) and the American Bail Coalition, and a resource partnership with ERA Monitoring for electronic offender monitoring services.

Name

Sun Surety

Legal name

Sun Surety Insurance Company

Website

https://sunsuretybail.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

1–10 employees

Short description

Sun Surety Insurance Company is a privately held, family-owned exclusive bail bond insurance carrier that underwrites surety bonds for licensed bail agents across 42 U.S. states from Rapid City, South Dakota.

Ownership category

akta.pro rank

Product category

Bail Bond Insurance Underwriting

NAICS

Insurance Carriers and Related Activities (524), Insurance Agencies and Brokerages (52421)

SIC

Surety Insurance (6351)

akta.pro industry

PRIMARYFSAJAIAK

Notary / Bail / Miscellaneous Consumer Bonds

Financial & Insurance/Insurance — Motor, Property & Casualty/Surety & Fidelity Bonds

SECONDARYFSAJAIAC

Court / Judicial Bonds

Financial & Insurance/Insurance — Motor, Property & Casualty/Surety & Fidelity Bonds

Keywords

• Bail bond insurance
• Surety underwriting
• Bail surety carrier
• Indemnity coverage
• Producer agent network

Headquarters

HQ city

Rapid City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Bail Bond Insurance Underwriting: Sun Surety Insurance Company generates revenue by underwriting bail bonds for licensed bail agents. Agents pay premiums and contract rates for the surety backing and indemnity coverage required to write bail bonds. The company also collects build-up fund contributions from agents. The revenue model is based on insurance premiums collected from the network of producer/agent members.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Sun Surety Insurance Company underwrites bail bonds exclusively for licensed bail bond agents, providing contractual surety backing, indemnity agreements, and power of attorney documentation needed to write bail bonds. As the nation's only exclusive bail bond insurance company, it serves agents across 42 U.S. states with competitive contract rates, 24-hour support, and same-day power of attorney replacements.

Product overview

Sun Surety Insurance Company operates as a single-product bail bond insurance underwriting carrier, offering exclusive bail bond insurance services to licensed bail agents. The company is the nation's only exclusive bail bond insurance provider, servicing agents across 42 U.S. states. The core offering consists of bail bond insurance underwriting backed by competitive contract rates, 24-hour representative support, and same-day power of attorney replacements. Supporting services include an online Producer Application for agent onboarding and downloadable agent resource forms (Affidavit of Discharge, Agent's Report, Large Bond Approval).

Differentiator

Problem solved

Functional benefit

Products and services

• Bail Bond Insurance Underwriting Exclusive bail bond insurance underwriting services provided to licensed bail agents across 42 U.S. states. Includes contractual coverage, indemnity agreements, and power of attorney documentation for writing bail bonds, with 24-hour on-call representative support and same-day power of attorney replacements.
• Producer Application / Membership Online and PDF-based membership application for licensed bail bond agents to join Sun Surety's producer network. Captures applicant credentials, licensing, business history, current surety underwriter, and contract/build-up fund rate information for underwriting review.
• Agent Downloadable Forms PDF document resources for appointed Sun Surety agents including the Affidavit of Discharge Form, Agent's Report Form, and Large Bond Approval Form.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Professional Bail Agents of the United States (PBUS)coreOthersSun Surety Insurance Company is a proud member of PBUS, the Professional Bail Agents of the United States trade association. This membership provides industry representation, networking opportunities, and association resources for the company's agent network.
• American Bail CoalitioncoreOthersSun Surety Insurance Company is a proud member of the American Bail Coalition, an industry coalition representing bail bond industry interests. This membership provides advocacy support and industry representation.

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Liberty Mutual Insurance (Surety): Liberty Mutual operates a large national surety division offering contract, commercial, and miscellaneous surety including bail-adjacent products, providing scale competition that Sun Surety faces indirectly.
• RLI Insurance Company: RLI is a specialty P&C and surety carrier with a national footprint offering contract and commercial surety; it competes for bail and non-bail surety business at a larger scale than Sun Surety.
• Travelers (Surety): Travelers runs a sizable surety operation covering contract and commercial surety nationally; while not exclusively a bail carrier, it competes for the same general-agent appointments and large bond business.

Others

• Professional Bail Agents of the United States (PBUS): PBUS is the primary U.S. trade association for bail agents and affiliated surety carriers; Sun Surety is a member, and PBUS shapes the regulatory and lobbying environment in which the company operates.

Direct peers

• SureTec Insurance Company: SureTec is a specialty surety carrier that writes commercial and contract surety, including adjacent classes to bail bonds; its specialty-carrier focus and producer-driven distribution mirror Sun Surety's operating model.
• Allegheny Casualty Company: Allegheny Casualty is a specialty surety carrier writing bail bond and related surety business through a producer network, making it a direct comparable in bail underwriting capacity and distribution model.
• International Fidelity Insurance Company (IFIC): IFIC is a surety specialist that historically underwrote bail bond business through appointed producers and is one of the established multi-state carriers competing with Sun Surety for bail agents.
• Lexon Insurance Company: Lexon Insurance Company is a specialty surety carrier focused on bail bond underwriting across multiple U.S. states, serving licensed bail agents with contract and build-up fund arrangements similar to Sun Surety's model.
• Bankers Insurance Company: Bankers Insurance is a specialty surety underwriter that writes bail bonds through appointed agents and general agents nationwide, operating as one of the most comparable competitors to Sun Surety in the bail surety segment.
• Financial Casualty & Surety, Inc. Financial Casualty & Surety writes bail bond and other specialty surety lines through appointed agents, with a multi-state footprint and agent-recruitment model closely aligned with Sun Surety's.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sun Surety