One of the most cost effective ways to finance your contract security obligations are surety bonds. We can design and deliver a flexible and effective bonding program, operating alongside your traditional banking lines of credit.

— PRODUCTS AND SERVICES

Surety

Surety bonds keep your assets available and allow your business to thrive

Contact Us

Designing and delivering a flexible and effective bonding program

One of the most cost effective ways to finance your contract security obligations are surety bonds. We can design and deliver a flexible and effective bonding program, operating alongside your traditional banking lines of credit.

Unlike a bank, surety providers do not require security over your company’s assets and do not require the bonds to be supported by cash or other collateral. This allows you to free up funds, reduce debt and tender for additional contracts.

Surety bonds can also represent a cheaper alternative to bank guarantees with lower base rates and no utilisation or line fees.

Let us help free up your working capital

We have a dedicated team that aim to optimise the use of surety bonds to improve flexibility and profitability for you and your business. With the ability to handle traditional and non-traditional surety with equal ease, we can customise a wide variety of products to free up your working capital, enhance your liquidity and allow you to take on new projects.

Our Products and Services

A surety bond is a written guarantee from a highly rated financial institution, which can be provided in lieu of cash or a bank guarantee as security for the performance of a contract.

We offer a range of surety products including: 

  • Surety bonds

  • Performance bonds

  • Maintenance bonds

  • Bid bonds

  • Advance payment bonds

  • Off-site materials bonds

  • Self-insurance workers compensation bonds

  • Mining and environmental bonds

  • Lease bonds

Download our brochure

Surety

Lockton Surety Brochure
PDF1190 KB

Key Contacts

Placeholder image

Liam Berry

National Manager, Trade Credit, Surety and Political Risk
liam.berry@lockton.com
+61 481 438 374

General Inquiries

Get in touch

info.au@lockton.com

We're here to help

We bring creative thinking and an entrepreneurial spirit to the insurance business and are uniquely positioned to help you succeed.

Talk to our team

Latest news and insights

Lockton has acquired the Corporate Superannuation and Insurance client portfolio from AXIS Financial Group (AXIS). The acquisition positions Lockton uniquely in the market, allowing them to offer comprehensive employee benefits consulting and end-to-end solutions that enhance the success of their clients.Lockton Acquires AXIS Financial Group's Corporate Superannuation and Insurance Portfolio

Lockton Acquires AXIS Financial Group's Corporate Superannuation and Insurance Portfolio

article
Lockton, the world’s largest privately-owned insurance brokerage, has acquired the Corporate Superannuation and Insurance client portfolio from AXIS Financial Group (AXIS). Richard Matsinger and Steph Canicais, previously with AXIS are now employees of Lockton ...
Read moreLockton Acquires AXIS Financial Group's Corporate Superannuation and Insurance Portfolio

Are FinTechs cyber-risk ready? The sector is under increased vulnerability from evolving threat actors

According to an article published by SecurityBrief, 2024 saw a number of phishing attacks involving the impersonation of financial institution representatives. However, correctly leveraging AI-driven tools within security teams will be crucial in establishing cyber resilience for organisations. Thoe organisations that effectively integrate AI into their cybersecurity strategies will be more advantageous in protecting their IP, data and systems from rapid proliferation of threats. Following the Cybersecurity Act and Privacy Act Reforms from the end of 2024, we anticipate that data exposure will continue to be a focus for 2025 with regulatory updates expected later this year. Safeguarding personal information will need to be a top priority for organisations, especially those holding mass data, this is likely to intensify as threat actors mature. According to an article published by SecurityBrief, 2024 saw a number of phishing attacks involving the impersonation of financial institution representatives. However, correctly leveraging AI-driven tools within security teams will be crucial in establishing cyber resilience for organisations. Thoe organisations that effectively integrate AI into their cybersecurity strategies will be more advantageous in protecting their IP, data and systems from rapid proliferation of threats. Following the Cybersecurity Act and Privacy Act Reforms from the end of 2024, we anticipate that data exposure will continue to be a focus for 2025 with regulatory updates expected later this year. Safeguarding personal information will need to be a top priority for organisations, especially those holding mass data, this is likely to intensify as threat actors mature.

Lockton appoints Mark Jones as International Chief Financial Officer

Lockton, the world’s largest independent insurance broker, has appointed Mark Jones as its new International Chief Financial Officer (CFO), effective immediately. Lockton, the world’s largest independent insurance broker, has appointed Mark Jones as its new International Chief Financial Officer (CFO), effective immediately.

Preparing for the New Aged Care Act: Key changes for registered providers

Explore the key changes introduced by the new Aged Care Act, effective 1 July 2025. This article summarises the significant updates and their impact on aged care service providers, including new regulatory models, strengthened quality standards, and enhanced worker screening. Stay informed about the latest developments in aged care governance and compliance.Explore the key changes introduced by the new Aged Care Act, effective 1 July 2025. This article summarises the significant updates and their impact on aged care service providers, including new regulatory models, strengthened quality standards, and enhanced worker screening. Stay informed about the latest developments in aged care governance and compliance.
See all news and insights

With a global footprint of 135+ offices, there’s sure to be one near you.

Find an office
*135+ Lockton offices and partner offices worldwide
Lockton blue globe