When contractors and suppliers work on a construction project that requires bonding, they want a surety partner that understands their industry. A good surety understand how to see a construction project through to completion, handling bond claims when they arise. On this page, you’ll find some of the top construction bond providers in Arizona.
In construction, surety bonds fall into three primary categories: Bid bonds, payment bonds, and performance bonds. However, many sureties that specialize in construction offer a variety of niche bond types, including warranty bonds, completion bonds, supply bonds, and more.
Learn more about construction bonds
Top Construction Sureties in Arizona
These sureties on this list were selected because they meet a significant number of the below criteria:
- Focus on construction industry
- Are licensed to provide construction bonds in Arizona
- Offer a variety of construction bond types
- Provide bonds for companies of varying sizes
- Belong to the National Association of Surety Bond Producers (NASBP) or the Surety & Fidelity Association of America (SFAA)
CCI Surety, Inc.
Office Address: 10851 N. Black Canyon Hwy, Suite 640, Phoenix, AZ
Construction bond types
- Bid bonds
- Performance bonds
- Payment bonds
- Reclamation bonds
- Subdivision bonds
- Supply bonds
- Maintenance bonds
- Service bonds
CCI Surety, Inc. specializes in construction surety bonds and has been in business since 1999. Now, the company is licensed in all 50 states. CCI Surety focuses their firm on contract and commercial surety.
CCI is a NASBP member and has two other offices beyond Phoenix in Minneapolis, MN, and Tampa, FL. The company also offers a Small Business Administration (SBA) Program, which can help small contractors compete on larger projects. In 2017, CCI was named by U.S. Small Business Administration as a Top Performing Bond Agency in America.
Contractors Insurance Agency
Office Address: 1010 E Jefferson St, Phoenix, AZ
Construction bond types
- Bid bonds
- Performance bonds
- Payment bonds
Aside from just construction bonds, Contractors Insurance Agency offers property insurance, general liability insurance, workers compensation, and commercial automotive insurance. Contractors Insurance Agency’s main office is located in Phoenix, but also has other locations around Arizona in North Phoenix, Mesa, and Tucson.
For contractors with a credit score over 675, Construction Insurance Agency will offer their “Line of Surety” up to $250,000 per job and $400,000 aggregate.
Insurica
Office Address: 4646 E. Van Buren St., Suite 200, Phoenix, AZ
Construction bond types
- Bid bonds
- Performance bonds
- Payment bonds
- Warranty bonds
- Completion bonds
Insurica has experience in almost every segment of the construction industry, and they’ve worked with countless general contractors and subcontractors along the way. Beyond their construction bond sureties program, Insurica also services the construction industry through:
- Joint-venture coverage
- Management and employment practices liability
- Professional liability
- Contract analysis
- Safety programs
Insurica is one of the 50 largest insurance brokers in America, and they place about $1 billion in annual premiums for their clients. Including their Arizona location, Insurica has a total of 30 offices in Oklahoma, Texas, Arkansas, Colorado, and California. The firm can also support contractors with claims management, loss control, and alternative risk.
Lovitt & Touché (a Marsh & McLennan Agency)
Office Address: 1050 W Washington, Suite 233, Tempe AZ
Construction bond types
- Various construction bonds (not specified)
Lovitt & Touché is a member of the Marsh & McLennan Agency serving Arizona and the Western region. They help contractors with surety bonding as well as with employee benefit plans, risk reduction training, claims advocacy, and more. Lovitt & Touché also provides:
- Project financing
- Delivery methods
- Government contracting
- Contract review
- Design and professional liability
- Subcontractor and supplier performance risk
Kirk Welch, a member of Lovitt & Touché’s board of directors, is also the Vice President of the Surety Association of Arizona. According to the company website, Lovitt & Touché places roughly $90M of construction insurance premiums every year. In 2017, the company reported that it managed 694 bonds. They’ve also been a part of nearly 120 projects across the U.S.
NFP Surety
Office Address: 17100 N 67th Ave, Ste. 700, Glendale, AZ
Construction bond types
- Bid bonds
- Performance bonds
- Payment bonds
- Maintenance bonds
- Subdivision bonds
- Site improvement bonds
- Contractor license bonds
- Supply bonds
NFP Surety has been in business for over 30 years and services the entire country. The company offers a wide variety of bonds that aren’t limited to the construction industry, such as a 401k bond, court bonds, collection agency bonds, and much more. Contractors beyond Arizona can also search surety bonds by state with NFP.
NFP is also a member of the NASBP. The company started as Lapre Insurance & Surety prior to 2011. NFP is now the largest bonding agency in America.
NFP is the only surety bond company on this list that offers a maintenance bond, which provides a warranty after project completion. Contracts can use maintenance bonds to combat defective materials or from inadequate performance. NFP’s supplier bond helps suppliers guarantee that materials as prescribed in the purchase orders. Contractors can also use a contractor license bond when looking to qualify for a contractor license at the city, county, and state level.
Surety Placement Services, LLC
Office Address: 8283 North Hayden Road, Scottsdale, AZ
Construction bond types
- Bid bonds
- Performance bonds
- Payment bonds
Surety Placement Services has more than 50 years of combined experience, and can service contractors in all 50 states. The company’s Construction Bond package also includes a subdivision bond, warranty bonds, supply bonds, license bonds, and maintenance bonds.
No matter how big or small the bond is, Surety Placement Services can help contractors get insured. Surety Placement Services also supports contractors with poor credit, or those that have faced bankruptcy, financial hardship, or fast growth.
The company is yet another member of the NASBP, and in 2018, they were recognized by the U.S. Small Business Association as one of ten top performing bond agencies in America. Surety Placement Services also offers a 24 hour turn-around process.
Travelers
Office Address: 20860 N. Tatum Blvd., Suite 400, Phoenix, AZ
Bonds Provided
- Bid bonds
- Performance bonds
- Payment bonds
- Supply bonds
- Depository bonds
- License and permit bonds
- Lost Instrument
- Mechanics lien bonds
- Utility bonds
- Custom bonds
Travelers is a nationally-recognized insurance agency that offers solutions geared towards the construction industry. Tyler Graves, a Travelers agent, is also the President of Surety Association of Arizona.
The company has over 100 years of experience with sureties, and has experienced agents across the country. Travelers also provide commercial surety bonds that can support either small businesses or multinational companies. They also have a contract surety program that’s managed by construction underwriters.
USI Insurance Services
Office Address: 2375 E. Camelback Road, Suite 250, Phoenix, AZ
Construction Bond Types
- Bid bonds
- Performance bonds
- Payment bonds
USI Insurance Services is a construction bond provider in Arizona that offers a variety of other services. Aside from their surety bonding services to contractors, USI also offers contract review, insurance policy compliance, experience mod review and analysis, and loss forecasting. Furthermore, USI can provide contractors with:
- General liability
- Excess liability
- Worker’s compensation
- Builder’s risk insurance
- Subcontractor risk management
Another NASBP member, USI has worked alongside GC’s, subs, property owners, investors, and other construction professionals.
Viking Bond Service, Inc.
Office Address: 22601 N 19th Avenue, Phoenix, AZ
Construction Bond Types
- Bid bonds
- Performance bonds
- Payment bonds
- Subdivision bonds
- Supply bonds
- Warranty bonds
- License bonds
Viking Bond Services offer a wide variety of surety services, specializing in construction bonds. The company can provide contractors with quotes on bonds within 24 hours.
The firm is a member of the NASBP. For contractors struggling with bad credit, Viking Bond Services can still support your business.
Willis Towers Watson
Office Address: 16220 North Scottsdale Road, Scottsdale, AZ
Bonds Provided
- Performance bonds
- Payment bonds
Willis Towers Watson has worked with contractors, developers, owners, and designers worldwide. The company has 35 offices across America and specializes in both construction risk management and construction claims. Willis Towers Watson is also a member of NASBP.
Some of Willis Towers Watson’s construction risk solutions include contractor’s equipment, builder’s risk, casualty liability, professional liability, controlled insurance solutions, excess liability, and environmental liability. Additionally, the firm offers:
- Subcontractor default insurance
- Financial products
- Captives and various risk financing alternatives
Experienced sureties help get the job done
When you need a construction bond for a project in Arizona, it’s important to have an experienced surety on your side. The sureties on this list have knowledge of the construction industry and the local landscape. They understand what it takes to get the construction project done, and resolve payment problems so everyone goes home happy.