S Philips Surety & Insurance Services

What S Philips Surety & Insurance Services does

S Philips Surety & Insurance Services, Inc. is a California-based wholesale surety bond broker founded in 1984 and headquartered in Woodland Hills, with an operating presence in Agoura Hills. The firm intermediates between insurance carriers and retail insurance agents and brokers, placing surety bonds and selected insurance products on behalf of contractors, auto dealers, freight brokers, legal professionals, government entities, and other commercial customers. It carries power of attorney from 15 federally admitted, rated, and treasury-listed insurance companies and is licensed to operate across all 50 U.S. states plus Canada, Mexico, and Puerto Rico.

The product portfolio centers on surety bonds (contractor license bonds, performance and payment bonds, court bonds, fidelity and dishonesty bonds, subdivision/grading/maintenance bonds, license and permit bonds, lost document bonds) and is supplemented by an Instant Issue Bonds program that bypasses underwriting and credit checks for selected bond types. Insurance products include non-standard basic auto, general liability, errors and omissions, and directors and officers coverage. The technology stack consists of an EV SSL-encrypted website (spbonds.com) with online quote and application forms and Tranzpay-powered credit card and ACH payment processing; the firm does not operate a native mobile app or API.

The business model is commission-based wholesale brokerage, earning the spread between rates charged to agents and brokers and rates paid to carriers; pricing is usage-based, typically 1-3% of bond amount for most commercial and license bonds, with subdivision/grading bonds ranging from 2-10% depending on credit. The channel mix combines inbound retail agent and broker flow, direct online self-serve for smaller bonds, referrals from government agencies and industry associations, and paid search advertising. In March 2026, Arthur J. Gallagher & Co. acquired the firm through its Risk Placement Services division, absorbing approximately five employees and operating the team under RPS West Coast leadership.

Name

S Philips Surety & Insurance Services

Legal name

S Philips Surety & Insurance Services, Inc.

Website

https://spbonds.com

Company type

Private

Founded year

1984

Operating status

Acquired

Headcount range

11–50 employees

Short description

S Philips Surety & Insurance Services is a wholesale surety bond broker, founded in 1984 and based in Woodland Hills, California, serving insurance agents and brokers across all 50 U.S. states plus Canada, Mexico, and Puerto Rico via 15 carrier partnerships, and acquired by Arthur J. Gallagher's RPS division in March 2026.

Ownership category

akta.pro rank

Product category

Surety Bond Brokerage

NAICS

Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

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

akta.pro primary industry

Commercial Surety Bonds (FSAJAIAB)

akta.pro secondary industries

Surety & Bond Brokerage (FSAEADAI), Wholesale Insurance Brokerage (Excess & Surplus Lines) (FSAEADAD), Notary / Bail / Miscellaneous Consumer Bonds (FSAJAIAK)

Keywords

• Surety bond brokerage
• Wholesale insurance services
• Contractor license bonds
• Performance bond provider
• Fidelity bond services

Headquarters

HQ city

Woodland Hills

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Surety Bond Brokerage: Earns commissions from insurance companies for placing surety bonds. Operates as wholesale broker earning revenue through spread between rates charged to agents/brokers and rates paid to carriers.
2. Insurance Products: Offers various insurance products including Non-Standard Basic Auto Insurance, General Liability, E&O Insurance, and D&O Insurance through carrier partnerships.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

S Philips Surety & Insurance Services is a wholesale surety bond broker that places surety bonds and insurance products on behalf of insurance agents and brokers nationwide. The company represents 15 admitted, rated, and treasury-listed insurance carriers with power of attorney to bind coverage directly, offering contractor license bonds, performance bonds, court bonds, fidelity bonds, subdivision bonds, and complementary insurance products such as E&O, D&O, general liability, and non-standard auto insurance.

Product overview

S Philips Surety & Insurance Services is a nationwide surety bond broker and insurance provider serving agents and brokers for over 25 years. The company operates as a wholesale broker connecting insurance professionals with surety bond products and insurance coverage. Their product portfolio centers on surety bonds (contractor license bonds, performance bonds, court bonds, fidelity bonds, subdivision bonds, and miscellaneous license/permit bonds) supplemented by insurance products (non-standard auto insurance, E&O insurance, D&O insurance, and general liability insurance). The company also offers an Instant Issue Bond program for expedited processing without credit checks. They represent 15 different insurance companies and are licensed in most states, offering same-day quick quotes and serving clients ranging from individual contractors to large corporations and government entities.

Differentiator

Problem solved

Functional benefit

Products and services

• Contractor License Bonds

Quantifiable outcome

• Same-day turnaround available for many bond types
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Arthur J. Gallagher & Co. (AJG) - Risk Placement ServicescoreOthers · 9 March 2026Arthur J. Gallagher & Co.'s Risk Placement Services (RPS) division acquired S Philips Surety & Insurance Services to expand its surety bond capabilities on the US West Coast. The acquisition adds specialist expertise within the wholesale division, aligning with AJG's strategy of using smaller, targeted acquisitions to deepen capabilities in specialty niches. S Philips team of approximately 5 employees continues operating under RPS leadership of Jeremy Crawford.
• 15 Insurance Companies (Admitted, Rated, Treasury Listed)coreStrategic or Co-development PartnerS Philips represents 15 different Insurance Companies that are admitted, rated and treasury listed by the Federal Government. Most of these companies have given S Philips power of attorney to sign bonds on their behalf, enabling faster response to client needs.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Hartford Financial Products (Surety): Major national surety carrier offering contract, commercial, and fidelity bonds through appointed agents, providing incumbent competition and carrier option for the same contractors and dealers S Philips serves.
• Travelers Bond & Financial Products: Major surety underwriting operation offering contract, commercial, and license & permit bonds with appointed agent distribution; relevant incumbent competitor and indirect carrier partner in S Philips' space.
• Amwins Brokerage: Large specialty wholesale broker distributing surety, E&O, D&O, and commercial insurance to retail agents nationwide, highly comparable wholesale distribution model to S Philips' agent-channel business.
• Liberty Mutual Surety: Large multi-line insurer with a substantial surety underwriting operation covering contract, commercial, and fidelity bonds distributed through agents nationwide, comparable to the carrier-side counterparties S Philips places business with.
• CRC Insurance Group: Wholesale specialty broker providing surety, property & casualty, and professional lines through retail agents, directly comparable wholesale distribution and product breadth to S Philips' offerings.

Direct peers

• International Fidelity Insurance Company (IFIC): Specialty surety writer focused on contract, license & permit, and court bonds distributed through independent agents, comparable to S Philips' specialty surety offering.
• Colonial Surety Company: Direct surety carrier and brokerage offering license & permit, contract, and court bonds via an online platform and agent channel, overlapping heavily with S Philips' product set and instant-issue approach.
• SureTec Surety Solutions: National surety bond underwriter and wholesale broker specializing in contractor, commercial, and license & permit bonds through an appointed agent network - directly comparable business model to S Philips' wholesale surety brokerage.

Others

• Risk Placement Services (RPS): US wholesale brokerage division of Arthur J. Gallagher that acquired S Philips; operates a broad wholesale platform across multiple specialty lines including surety, making it the parent's wholesale channel and a meaningful adjacent network.

Emerging players

• SuretyBonds.com (JLZwillo): Direct-to-customer digital surety bond platform offering instant online bonding across all 50 states, competing with S Philips for license & permit and small commercial bond business through a digital first model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

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 S Philips Surety & Insurance Services