Viking Bond Service, Inc.

What Viking Bond Service, Inc. does

Viking Bond Service, Inc. is a nationwide U.S. surety bond agency headquartered in Phoenix, Arizona, and operating as a subsidiary of Arthur J. Gallagher & Co. (NYSE: AJG). The company places surety bonds on behalf of clients across all 50 states and the District of Columbia through every major U.S. surety company using exclusively A-Rated and Treasury Listed paper. Its portfolio spans four core product categories: Contract Bonds (bid, performance, payment, construction, subdivision, supply, warranty/maintenance), License and Permit Bonds, Court/Judicial Bonds, and Fidelity Bonds, with specialized programs for bad-credit principals and SBA-guaranteed contractors.

The agency runs a multi-channel go-to-market combining toll-free phone sales, an online application and quote portal available 24/7, and a referring insurance agent network that earns commissions on written bonds. Viking positions itself as a surety-bond-only agency, which avoids conflicts with agents' insurance books and supports a partner-driven distribution model. The company claims same-day quotes in most cases, roughly 24-hour underwriting, and approvals on nearly 100% of bond requests, including for sub-prime credit applicants. Renewal reminders and active rate remarketing at renewal are used to retain clients.

The business model is transaction-based: Viking earns a take rate on bond premiums, typically 1-5% of bond amount for performance bonds and 2-15% for auto dealer bonds, with rates determined by principal credit, financial standing, and contract characteristics. Pricing is quote-driven and not publicly disclosed; the company does not report revenue, headcount, or premium volume. Underlying technology consists of standard online application and quote forms layered on a content-heavy website; no proprietary technology stack, AI capabilities, or patents are disclosed.

Name

Viking Bond Service, Inc.

Legal name

Viking Bond Service, Inc.

Website

https://performancesuretybonds.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

1–10 employees

Short description

Viking Bond Service is a Phoenix-based, nationwide surety bond agency that places contract, license and permit, court, and fidelity bonds for U.S. contractors, professionals, and businesses via phone, online, and insurance agent referral channels, operating as a subsidiary of Arthur J. Gallagher & Co.

Ownership category

akta.pro rank

Product category

Surety Bond Brokerage

SIC

Surety Insurance (6351)

akta.pro primary industry

Surety & Bond Brokerage (FSAEADAI)

akta.pro secondary industries

Contract Surety Bonds (FSAJAIAA), Commercial Surety Bonds (FSAJAIAB), Notary / Bail / Miscellaneous Consumer Bonds (FSAJAIAK), Utility / Service / Supply Bonds (FSAJAIAJ)

Keywords

• Surety bond agency
• Contract surety bonds
• License permit bonds
• Court judicial bonds
• Fidelity bonds

Headquarters

HQ city

Phoenix

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Surety Bond Premiums: Viking Bond Service earns revenue through premiums charged on surety bonds they issue. Premiums are calculated as a percentage of the bond amount based on the principal's credit risk, financial standing, and the type of bond. They work with all major surety companies using A-Rated and Treasury Listed paper, placing bonds on behalf of clients and earning commissions or premiums from these transactions.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Viking Bond Service is a nationwide surety bond agency that places commercial, contract, court/judicial, and fidelity surety bonds on behalf of clients in all 50 U.S. states plus the District of Columbia, working through all major U.S. surety companies using A-Rated, Treasury Listed paper. The agency issues bonds of all sizes, including specialized programs for clients with poor credit and access to the SBA Bond Guarantee Program, with same-day quotes and same-day approvals on most requests.

Product overview

Viking Bond Service is a nationwide Commercial, Contract and Fidelity Bond Agency that provides surety bonds of all sizes and types for clients nationwide. The company offers a comprehensive portfolio of bond products including Performance Bonds, Contract Bonds (Bid, Payment, Construction, Subdivision, Supply, Warranty/Maintenance), License and Permit Bonds, Court/Judicial Bonds, and Fidelity Bonds. They operate specialized programs for bad credit clients and SBA Bond Guarantee access. The service is delivered through an online application system and quote request platform, with renewal management support. The company processes bond requests quickly with most approved same day, working through all major Surety companies using A-Rated and Treasury Listed Surety paper.

Differentiator

Problem solved

Functional benefit

Products and services

• Contract Surety Bonds Contract bonds issued nationwide for project bids and fulfillment, including Bid Bonds, Performance Bonds, Payment Bonds, Construction Bonds, Subdivision Bonds, Site Improvement Bonds, Supply Bonds, and Warranty/Maintenance Bonds. Used by general contractors, subcontractors, and suppliers to satisfy project owners, general contractors, and federal requirements such as the Miller Act.
• Performance Bonds Guarantee that a contractor will complete a project or perform to contract specifications; if the contractor fails, claims can be filed to recoup investment. Used by project owners and general contractors on construction and service contracts.
• License and Permit Bonds Surety bonds required by state and local authorities to obtain or maintain a business or professional license. Covers auto dealers, contractors, mortgage brokers, notaries, collection agencies, schools, and many other licensed professions across all 50 states plus DC.
• Court/Judicial Bonds Judicial bonds issued in connection with court proceedings, including Appeal Bonds, Conservator Bonds, Executor Bonds, Receivership Bonds, Release of Lien Bonds, and Replevin Bonds. Used by individuals (often through their attorneys) and estate representatives to satisfy court requirements.
• Fidelity Bonds Bonds that protect businesses from losses caused by employee dishonesty, including Business Services Bonds, ERISA Bonds, Fidelity/Dishonesty Bonds, Financial Institution Bonds, and Janitorial Services Bonds. Used by employers to cover theft, fraud, and fiduciary liability.
• Bad Credit Surety Bond Program Specialized bond placement program for principals who do not normally qualify for standard surety markets due to poor credit or financial deficiency, leveraging the agency's full market reach to obtain approvals on nearly all bond requests.
• SBA Bond Guarantee Program Access Access to the SBA Surety Bond Guarantee Program for contractors who need government-backed bonding support. Used by contractors who may not qualify through standard surety markets.
• Commercial Bonds (Miscellaneous) Miscellaneous commercial surety bonds such as Alcohol Liquor Tax, ARC, California Car Wash, Farm Labor Contractor, FMCSA Freight Broker, IFTA Motor Fuel Tax, Lease Guarantee, Lost Instrument, Lost Title, Lottery, Reclamation, Sales Tax, SDDC, Taxpayer, Utility Deposit, Wage & Welfare, and Workers Compensation bonds. Used by businesses to satisfy federal, state, and local regulatory and contractual obligations.

Quantifiable outcome

• Same-day quote availability regardless of credit status
• +2 more outcomes

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Emerging players

• National Surety Services: Regional surety bond agency offering contract and commercial bonds with online quoting. Comparable to Viking as a smaller agency competing on speed and access across overlapping bond types.

Others

• Arthur J. Gallagher & Co. (parent): Global insurance brokerage and risk management firm; parent of Viking Bond Service. Included as the parent entity that controls Viking's capital, distribution synergies, and strategic direction.

Direct peers

• SuretyBonds.com: Online-direct surety bond agency offering quotes across commercial, contract, court, and license/permit bonds in all 50 states. Closely comparable to Viking in product breadth, geographic reach, and digital/phone-based GTM.
• Surety Bonds Direct: National surety bond agency providing commercial, contract, and court bonds with online quoting and an insurance agent referral program. Directly comparable to Viking on product mix and distribution model.
• JetSurety: Surety bond agency and brokerage focused on online placement of contract, commercial, and license bonds. Comparable in being a digitally enabled surety-only intermediary competing for similar SMB and contractor customers.
• Colonial Surety: Direct surety company (not just an agency) writing license, permit, court, and fidelity bonds nationwide. Comparable as a competing distribution channel for the same end customers Viking targets.

Broad incumbents

• Travelers Surety: Surety division of The Travelers Companies writing contract and commercial surety bonds. Comparable as a top-tier carrier providing one of the markets Viking accesses and competing for large contract bond customers.
• Hartford Financial Products (Surety): Surety business of The Hartford writing contract and commercial surety bonds. Comparable as a large, established carrier serving overlapping contractor and license/permit customers.
• CNA Surety: Large surety division of CNA Financial writing contract, commercial, and fidelity bonds. Comparable as a major carrier whose paper underpins Viking's placements and competes for the same contractor and commercial customer base.
• Liberty Mutual Surety: Surety operation within Liberty Mutual offering contract, commercial, and fidelity bonds. Comparable as a major surety carrier competing for Viking's contractor and commercial customer segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Surety_Bond_
• Facebookfacebook.com/vikingbondservice
• LinkedInlinkedin.com/company/l.php

Revenue estimate

Valuation estimate

Number of profiles

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 Viking Bond Service, Inc.