NFP Surety

What NFP Surety does

NFP Surety is a U.S. surety bond broker and consultant operating as a division of NFP, which itself is a wholly-owned subsidiary of Aon plc following the 2023 acquisition. The business connects principals—primarily construction contractors, licensed professionals, and companies requiring regulatory or commercial financial guarantees—with surety carriers across all fifty U.S. states. Its product portfolio spans commercial surety (auto dealer, ERISA, mortgage, customs, fidelity, fiduciary, public official bonds), construction surety (bid, performance, payment, maintenance, subdivision, supply, wage bonds), and license-and-permit surety (cannabis, freight broker, notary, sales tax bonds), as well as court bonds for legal proceedings.

The core technology is an online bond application platform accessible via a dedicated self-serve portal (nfpsurety.mybondquote.com) that combines in-house underwriting authority with a digital application workflow for bonds under $2.5 million. Bonds exceeding that threshold are handled through an enterprise field-sales motion staffed by nationally recognized senior surety specialists who structure placements—including billion-dollar co-surety programs—with top domestic and international surety carriers. This hybrid distribution model is the primary technical and operational differentiator relative to pure online surety startups (which lack large-account capacity) and traditional brokers (which lack the digital self-serve layer).

Revenue is generated primarily through commissions on surety bond premiums, which typically range from 1% to 15% of bond face value depending on credit, bond type, and risk; billing is paid-as-you-go on a per-bond or annual basis. The unit supports clients ranging from individuals purchasing a single license bond to large domestic and international contractors requiring complex co-surety capacity, and is marketed through content, SEO, and the company website rather than outbound sales for sub-$2.5M transactions.

Name

NFP Surety

Legal name

NFP

Website

https://nfpsurety.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

101–250 employees

Short description

NFP Surety is a U.S. surety bond broker operating in all 50 states, placing commercial, construction, and license-and-permit bonds through a hybrid self-serve portal and enterprise surety specialists as a division of NFP, an Aon plc subsidiary.

Ownership category

akta.pro rank

Product category

Surety Bond Brokerage & Consulting

NAICS

Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Surety Insurance (6351), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Surety & Bond Brokerage (FSAEADAI)

akta.pro secondary industries

Commercial Surety Bonds (FSAJAIAB), Contract Surety Bonds (FSAJAIAA), Notary / Bail / Miscellaneous Consumer Bonds (FSAJAIAK)

Keywords

• Surety bonds
• Commercial surety
• Contract surety
• Construction bonds
• License permit bonds

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Surety Bond Premiums: NFP Surety earns revenue by charging premiums on surety bonds. Premiums are calculated as a percentage of the total bond amount, typically ranging from 1% to 15% depending on credit history, bond type, and risk factors. Premiums may be paid annually for recurring bonds or as a one-time fee for project-specific bonds.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

NFP Surety is a surety bond broker and consultant that places principals with surety carriers across all 50 U.S. states. It distributes a full spectrum of bonds — commercial, construction, license and permit, court, customs, and fidelity/ERISA — through a hybrid channel combining a self-serve online application portal (for bonds under $2,500,000) with high-touch enterprise sales by senior surety specialists (for larger and more complex placements including billion-dollar co-surety programs).

Product overview

NFP Surety is a surety bond service offered by NFP, an Aon company, providing a comprehensive portfolio of surety bond products across all bond types and all U.S. states. The offering operates as a centralized bond brokerage service that connects principals (typically contractors and businesses) with surety companies. The core product is the Surety Bond Services platform, which includes three main sub-categories: Commercial Surety Bonds (for business licensing and compliance), Construction Surety Bonds (for construction projects), and License and Permit Surety Bonds (for regulatory compliance). The service features an online application process with in-house authority for fast decision-making, and serves clients ranging from individuals needing single bonds to billion-dollar co-surety programs for domestic and international contractors.

Differentiator

Problem solved

Functional benefit

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• AoncoreOthersNFP is an Aon company, with NFP Surety operating as a division of NFP. Aon is a leading global professional services firm that provides risk consulting, insurance brokerage, and human resources solutions. NFP operates under Aon's umbrella as part of their risk capital and human capital solutions portfolio.

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Lockton: Largest privately held insurance brokerage globally, with specialty surety placement capabilities for large construction and commercial accounts. Comparable to NFP Surety in serving complex co-surety and large contractor portfolios across multiple states.
• Marsh McLennan: Global professional services firm with a sizable surety brokerage practice through Marsh and risk-consulting arms. Directly comparable as a peer broker placing surety bonds for large commercial and construction clients, and competes head-on with NFP Surety's enterprise capacity placements.
• Arthur J. Gallagher & Co. Large global insurance brokerage with a dedicated contract surety practice serving contractors and commercial clients. Comparable to NFP Surety in offering surety placement across credit tiers and project sizes, and overlapping on enterprise construction accounts.
• Amwins Group: Specialty wholesale insurance broker with substantial surety placement capabilities serving retail agents and commercial clients. Comparable to NFP Surety as a placement intermediary working across multiple surety carrier relationships for contract and commercial bonds.

Direct peers

• Brown & Riding: Specialty insurance brokerage with a dedicated surety practice focused on construction and commercial accounts. Comparable to NFP Surety in serving contractors with complex bond needs and in leveraging wholesale-broker relationships with multiple surety carriers.
• RPS (Risk Placement Services): Wholesale insurance brokerage with a contract surety practice placing bonds for contractors and commercial clients across the U.S. Comparable to NFP Surety as a wholesale-driven surety specialist competing for similar contractor and commercial accounts.
• Alliant Insurance Services: Specialty insurance brokerage with a strong contract surety practice serving construction contractors and commercial clients. Comparable to NFP Surety in middle-market contractor focus and in offering both standard and distressed-credit surety placements.
• Hub International: Mid-market-focused insurance brokerage with a contract and commercial surety practice serving contractors and licensed professionals. Closely comparable to NFP Surety in targeting middle-market accounts with a hybrid digital-plus-specialist surety offering.

Emerging players

• Surety1: Online-focused surety bond brokerage offering license, permit, and commercial bonds with digital application flows. Comparable to NFP Surety's SMB self-serve segment, competing for the same small commercial and licensed-professional bond customers.
• SuretyBonds.com: Direct-to-customer online surety bond provider focused on small commercial, license, and permit bonds. Comparable to NFP Surety's self-serve layer — competing for the same sub-$2.5M online bond applicants with a leaner digital model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 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 NFP Surety