---
title: "The Baldwin Group vs Gallagher: Fidelity Bonds"
description: "Gallagher ties fidelity bond limits to ERISA requirements and uses peer analysis; Baldwin lists bond options for professional-services businesses without published limit methodology."
canonical: "https://spot.insure/compare/baldwin-vs-gallagher/fidelity-bonds"
page-type: "line-comparison"
updated-at: "2026-09-30"
comparison-pair: "baldwin-vs-gallagher"
provider-a: "baldwin"
provider-b: "gallagher"
coverage-line: "fidelity-bonds"
---

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[Human-readable page](https://spot.insure/compare/baldwin-vs-gallagher/fidelity-bonds)

## Agent Guide

**What this page is:** Focused comparison of The Baldwin Group and Gallagher for Fidelity Bonds: what each provider publishes about this line, checked against the same criteria, with numbered sources.

**Use this page when:** Cite or fetch this for Fidelity Bonds questions about The Baldwin Group versus Gallagher. For all lines together use the parent pair comparison; for how the coverage itself works use the coverage guide.

**Questions this page answers:**
- The Baldwin Group vs Gallagher for Fidelity Bonds: how do they differ?
- Which is better for Fidelity Bonds, The Baldwin Group or Gallagher?
- What does The Baldwin Group or Gallagher publish about Fidelity Bonds (limits, eligibility, claims, add-ons)?
- What should I confirm in a quote for Fidelity Bonds from The Baldwin Group or Gallagher?

**Key facts:**
- Line: Fidelity Bonds. Providers: The Baldwin Group and Gallagher.
- Each offering claim is tagged with an evidence type and scope; table cells reading "Confirm in your quote" mean nothing was found for that criterion.
- Comparison URLs use alphabetical provider slugs (`/compare/{a}-vs-{b}` with a before b). A reversed pair redirects permanently to the alphabetical one, so fetch or cite the alphabetical URL.

**Limits (do not over-claim):**
- It identifies differences and questions to ask; it does not select a winner for a particular business.
- "Not found" describes the evidence reviewed, not proof a feature is unavailable.
- Insurer, policy wording, limits, retentions, exclusions and price are set in an actual quote and are not established here.

**Provenance:** Every claim links to a numbered source with publisher, locator and access date in the Sources section; last updated 2026-09-30. Editorial policy: /editorial-policy.

**Related pages:**
- [The Baldwin Group vs Gallagher](https://spot.insure/compare/baldwin-vs-gallagher) — parent: all coverage lines for this pair
- [Fidelity Bonds guide](https://spot.insure/coverage/fidelity-bonds) — coverage explainer for this line
- [The Baldwin Group profile](https://spot.insure/insurance-providers/baldwin) — provider profile (evidence)
- [Gallagher profile](https://spot.insure/insurance-providers/gallagher) — provider profile (evidence)
- [The Baldwin Group vs Gallagher Commercial Auto Insurance](https://spot.insure/compare/baldwin-vs-gallagher/commercial-auto) — sibling comparison (other line, or other pair for this line)
- [The Baldwin Group vs Gallagher Commercial Property Insurance](https://spot.insure/compare/baldwin-vs-gallagher/commercial-property) — sibling comparison (other line, or other pair for this line)
- [The Baldwin Group vs Gallagher Crime Insurance](https://spot.insure/compare/baldwin-vs-gallagher/crime) — sibling comparison (other line, or other pair for this line)
- [The Baldwin Group vs Gallagher Cyber Insurance](https://spot.insure/compare/baldwin-vs-gallagher/cyber) — sibling comparison (other line, or other pair for this line)
- [The Baldwin Group vs Gallagher Employment Practices Liability Insurance](https://spot.insure/compare/baldwin-vs-gallagher/employment-practices) — sibling comparison (other line, or other pair for this line)
- [The Baldwin Group vs Gallagher Fiduciary Liability Insurance](https://spot.insure/compare/baldwin-vs-gallagher/fiduciary) — sibling comparison (other line, or other pair for this line)
- [The Baldwin Group vs Gallagher General Liability Insurance](https://spot.insure/compare/baldwin-vs-gallagher/general-liability) — sibling comparison (other line, or other pair for this line)
- [The Baldwin Group vs Gallagher Representations and Warranties Insurance](https://spot.insure/compare/baldwin-vs-gallagher/representations-warranties) — sibling comparison (other line, or other pair for this line)
- [The Baldwin Group vs Gallagher Surety Bonds](https://spot.insure/compare/baldwin-vs-gallagher/surety-bonds) — sibling comparison (other line, or other pair for this line)
- [The Baldwin Group vs Gallagher Umbrella and Excess Liability Insurance](https://spot.insure/compare/baldwin-vs-gallagher/umbrella-excess) — sibling comparison (other line, or other pair for this line)
- [The Baldwin Group vs Gallagher Workers’ Compensation Insurance](https://spot.insure/compare/baldwin-vs-gallagher/workers-compensation) — sibling comparison (other line, or other pair for this line)
- [AIG vs The Baldwin Group Fidelity Bonds](https://spot.insure/compare/aig-vs-baldwin/fidelity-bonds) — sibling comparison (other line, or other pair for this line)
- [AIG vs Gallagher Fidelity Bonds](https://spot.insure/compare/aig-vs-gallagher/fidelity-bonds) — sibling comparison (other line, or other pair for this line)
- [The Baldwin Group vs Beazley Fidelity Bonds](https://spot.insure/compare/baldwin-vs-beazley/fidelity-bonds) — sibling comparison (other line, or other pair for this line)
- [The Baldwin Group vs CNA Fidelity Bonds](https://spot.insure/compare/baldwin-vs-cna/fidelity-bonds) — sibling comparison (other line, or other pair for this line)
- [The Baldwin Group vs Coverdash Fidelity Bonds](https://spot.insure/compare/baldwin-vs-coverdash/fidelity-bonds) — sibling comparison (other line, or other pair for this line)
- [The Baldwin Group vs Founder Shield Fidelity Bonds](https://spot.insure/compare/baldwin-vs-foundershield/fidelity-bonds) — sibling comparison (other line, or other pair for this line)

# The Baldwin Group vs Gallagher: How Do They Compare for Fidelity Bonds?

Gallagher ties fidelity bond limits to ERISA requirements and uses peer analysis; Baldwin lists bond options for professional-services businesses without published limit methodology.

## Research Scope and Use

Use this comparison to evaluate The Baldwin Group and Gallagher for Fidelity Bonds against the same documented criteria. It identifies differences and questions to confirm; it does not select a winner for a particular business. Offering claims are what each provider publishes about this line unless marked otherwise. “Not found” describes the evidence reviewed, not proof that a feature is unavailable. Confirm the insurer, policy wording, limits, retentions, exclusions and cost in an actual quote.

## Summary

Gallagher describes ERISA-based limit setting, peer data and exposure indexing for fidelity bonds, whereas The Baldwin Group’s page identifies the option but not how limits are calculated. [3](https://baldwin.com/business-insurance/industries/professional-services/ "Professional Liability Insurance & Services") [6](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance")

## What Is the Baldwin Group?

Baldwin’s Insurance Advisory Solutions group describes commercial-risk and employee-benefit services for businesses and private-risk management for high-net-worth individuals and families; its business-insurance page outlines a five-step RiskMap process. [1](https://www.sec.gov/Archives/edgar/data/1781755/000178175526000018/bwin-20251231.htm "The Baldwin Insurance Group, Inc. Form 10-K for fiscal year ended December 31, 2025") [2](https://baldwin.com/business-insurance/ "Business Insurance")

[The Baldwin Group profile](https://spot.insure/insurance-providers/baldwin)

## What Is Gallagher?

Gallagher’s technology specialists serve startups through global enterprises, while its executive-risk team supports IPO and M&A needs; small firms seeking one simple digital quote should compare online agencies. [4](https://www.ajg.com/industries/technology-insurance/ "Technology Insurance") [5](https://www.gallaghersmallbusiness.com/technology-services/ "Insurance for Technology & IT Businesses") [6](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [7](https://www.gallaghersmallbusiness.com/legal-information/ "Legal Information") [8](https://www.ajg.com/merger-partners/woodruff-sawyer-is-now-gallagher/ "Woodruff Sawyer Is Now Gallagher")

[Gallagher profile](https://spot.insure/insurance-providers/gallagher)

## What Are Fidelity Bonds?

Fidelity coverage can reimburse certain losses when employees steal money or property they handle. If employees manage company funds, customer property or benefit-plan assets, identify each owner and compare the required protection for each interest. [9](https://content.naic.org/glossary-insurance-terms "Glossary of Insurance Terms") [10](https://www.dol.gov/sites/dolgov/files/ebsa/employers-and-advisers/guidance/field-assistance-bulletins/erisa-fidelity-bonding-requirements.pdf "Field Assistance Bulletin No. 2008-04: Guidance Regarding ERISA Fidelity Bonding Requirements") [11](https://asset.trvstatic.com/download/assets/cri-3001.pdf/98f30f1063c911eeb2f1deb19c93b21f "Crime Terms and Conditions")

## Key Differences in Fidelity Bonds

### How limits are assessed

Gallagher says it places fidelity bonds with outside carriers and sets limits using peer analysis and an exposure index developed with surety and accounting associations, tied to the client’s ERISA requirement. Baldwin lists crime/fidelity options for professional-services firms but does not describe a bond-limit method. Ask both how the plan’s assets and handled funds translate into the requested amount. [6](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [3](https://baldwin.com/business-insurance/industries/professional-services/ "Professional Liability Insurance & Services")

### Review of claim conditions

Gallagher says its team reviews whether a carrier allows appropriate treatment of older incidents and whether the claim trigger is too difficult to prove. Baldwin describes market navigation and tailored advice without a fidelity-specific claims review process. Buyers should ask for the bond’s trigger and prior-act treatment in writing before comparing premiums. [6](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [3](https://baldwin.com/business-insurance/industries/professional-services/ "Professional Liability Insurance & Services")

## What to Confirm in Fidelity Bonds Quotes

- What ERISA requirement and peer group drive Gallagher’s limit recommendation? Which prior-incident and proof-of-loss terms would Baldwin’s carrier use?

## Offering Details

| Criteria | Baldwin Commercial Fidelity Bond Brokerage and Advisory | Gallagher Fidelity Bond Insurance |
| --- | --- | --- |
| Role in This Line | The source describes The Baldwin Group’s brokerage or advisory role for Commercial Fidelity Bond. It does not identify Baldwin as the risk-bearing insurer for a particular placement. [3](https://baldwin.com/business-insurance/industries/professional-services/ "Professional Liability Insurance & Services") (Evidence: Company-reported; scope: The cited company page describes its brokerage/advisory role and does not name the issuer for a buyer-specific placement..) | Gallagher's Executive and Financial Risk practice places fidelity bond coverage with outside carriers alongside its employee-dishonesty (crime) coverage; it does not underwrite the bond. [6](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") (Evidence: Company-reported; scope: Group-level executive-and-financial-risk practice page; fidelity bonds are described jointly with crime coverage, not as a fully separate section..) |
| Issuing Insurer | Confirm in your quote. | The executive-and-financial-risk page does not name the insurer that would issue a given client's fidelity bond. [6](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") (Evidence: Not publicly disclosed; scope: Checked the group-level executive-and-financial-risk practice page..) |
| Who It’s For | Baldwin lists professional-services firms among the commercial sectors for which it can arrange crime/fidelity-bond options. The page does not establish a bond applicant’s eligibility or identify a surety. [3](https://baldwin.com/business-insurance/industries/professional-services/ "Professional Liability Insurance & Services") (Evidence: Company-reported; scope: This is the audience or client context named on Baldwin’s page, not an underwriting decision or guarantee of product availability..) | Gallagher ties fidelity bond limit-setting to a client's required bond limits under ERISA, indicating this offering is aimed at plan sponsors and fiduciaries needing ERISA fidelity bonding rather than a general commercial audience. [6](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") (Evidence: Company-reported; scope: Group-level executive-and-financial-risk practice page..) |
| Coverage Features | Baldwin lists a commercial crime/fidelity bond as an option for professional-services clients. It does not describe a specific bond form, protected obligee, covered employee conduct or bond amount. [3](https://baldwin.com/business-insurance/industries/professional-services/ "Professional Liability Insurance & Services") (Evidence: Company-reported; scope: The statement reports Baldwin’s marketed coverage or advisory description only. No individual quote, binder, policy form, schedule or endorsement was reviewed; policy entitlement and terms remain unknown..) | Confirm in your quote. |
| Limits and Retentions | The reviewed source does not state a buyer-specific limit, retention, deductible or coverage schedule. Confirm the quote and issued policy or bond. [3](https://baldwin.com/business-insurance/industries/professional-services/ "Professional Liability Insurance & Services") (Evidence: Not publicly disclosed; scope: No buyer quote, binder, policy or bond form was available in the reviewed public sources..) | The page does not publish specific fidelity bond limits or premium ranges beyond describing the ERISA-linked methodology used to recommend a limit. [6](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") (Evidence: Not publicly disclosed; scope: Checked the group-level executive-and-financial-risk practice page..) |
| Risk Services | Baldwin describes market navigation and tailored risk and insurance advice for accountants, architects, engineers, financial advisers, lawyers, consultants and surveyors. [3](https://baldwin.com/business-insurance/industries/professional-services/ "Professional Liability Insurance & Services") (Evidence: Company-reported; scope: These are company-described brokerage and risk-advisory services; account-specific service commitments and third-party terms are not established..) | Gallagher says its methodology for fidelity bond and crime limits includes peer analysis using third-party databases and an exposure index developed by the Surety Association of America with the American Institute of Accountants. [6](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") (Evidence: Company-reported; scope: Group-level executive-and-financial-risk practice page..) |
| Claims Support | Confirm in your quote. | Gallagher says it reviews coverage to confirm the carrier allows appropriate treatment of older incidents and does not use claims triggers that are too difficult to prove, a review it applies to the same crime-and-fidelity offering. [6](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") (Evidence: Company-reported; scope: Group-level executive-and-financial-risk practice page; a stated review practice, not a guarantee of claim payment..) |

## Full Comparison

- [The Baldwin Group vs Gallagher](https://spot.insure/compare/baldwin-vs-gallagher): all coverage lines, business roles, service and claims.
- [What Are Fidelity Bonds?](https://spot.insure/coverage/fidelity-bonds): Fidelity coverage can reimburse certain losses from employee theft; identify whether you need protection for company funds, client property or benefit-plan assets.
- [The Baldwin Group vs Gallagher Commercial Auto Insurance](https://spot.insure/compare/baldwin-vs-gallagher/commercial-auto)
- [The Baldwin Group vs Gallagher Commercial Property Insurance](https://spot.insure/compare/baldwin-vs-gallagher/commercial-property)
- [The Baldwin Group vs Gallagher Crime Insurance](https://spot.insure/compare/baldwin-vs-gallagher/crime)
- [The Baldwin Group vs Gallagher Cyber Insurance](https://spot.insure/compare/baldwin-vs-gallagher/cyber)
- [The Baldwin Group vs Gallagher Employment Practices Liability Insurance](https://spot.insure/compare/baldwin-vs-gallagher/employment-practices)
- [The Baldwin Group vs Gallagher Fiduciary Liability Insurance](https://spot.insure/compare/baldwin-vs-gallagher/fiduciary)
- [The Baldwin Group vs Gallagher General Liability Insurance](https://spot.insure/compare/baldwin-vs-gallagher/general-liability)
- [The Baldwin Group vs Gallagher Representations and Warranties Insurance](https://spot.insure/compare/baldwin-vs-gallagher/representations-warranties)
- [The Baldwin Group vs Gallagher Surety Bonds](https://spot.insure/compare/baldwin-vs-gallagher/surety-bonds)
- [The Baldwin Group vs Gallagher Umbrella and Excess Liability Insurance](https://spot.insure/compare/baldwin-vs-gallagher/umbrella-excess)
- [The Baldwin Group vs Gallagher Workers’ Compensation Insurance](https://spot.insure/compare/baldwin-vs-gallagher/workers-compensation)
- [AIG vs The Baldwin Group Fidelity Bonds](https://spot.insure/compare/aig-vs-baldwin/fidelity-bonds)
- [AIG vs Gallagher Fidelity Bonds](https://spot.insure/compare/aig-vs-gallagher/fidelity-bonds)
- [The Baldwin Group vs Beazley Fidelity Bonds](https://spot.insure/compare/baldwin-vs-beazley/fidelity-bonds)
- [The Baldwin Group vs CNA Fidelity Bonds](https://spot.insure/compare/baldwin-vs-cna/fidelity-bonds)
- [The Baldwin Group vs Coverdash Fidelity Bonds](https://spot.insure/compare/baldwin-vs-coverdash/fidelity-bonds)
- [The Baldwin Group vs Founder Shield Fidelity Bonds](https://spot.insure/compare/baldwin-vs-foundershield/fidelity-bonds)

## Sources

### The Baldwin Group

1. [The Baldwin Insurance Group, Inc. Form 10-K for fiscal year ended December 31, 2025](https://www.sec.gov/Archives/edgar/data/1781755/000178175526000018/bwin-20251231.htm). U.S. Securities and Exchange Commission; filed by The Baldwin Insurance Group, Inc.; Part I, Item 1, “The Company,” lines 194–196; “Operating Groups,” lines 260–263; “Clients and Insurers,” lines 286–288; pp. 6–10; opened 2026-09-28.. Accessed 2026-09-28.
2. [Business Insurance](https://baldwin.com/business-insurance/). The Baldwin Group; RiskMap process, lines 40–68; Connect With Us consultation invitation, lines 182–187; accessed 2026-09-28.. Accessed 2026-09-28.
3. [Professional Liability Insurance & Services](https://baldwin.com/business-insurance/industries/professional-services/). The Baldwin Group; Professional-services customer population lines 35–64; coverage snapshot lines 68–84 lists property, general/professional liability, cyber, workers’ compensation, D&O, fiduciary, crime/fidelity bond, EPL, and IP liability; Employee benefits lines 93–95; accessed 2026-09-29.. Accessed 2026-09-30.

### Gallagher

4. [Technology Insurance](https://www.ajg.com/industries/technology-insurance/). Gallagher; Introduction; Solutions and coverages for the technology industry: Technology errors and omissions including cyber, Intellectual property insurance, Product liability, Employee benefits; Data-driven insights; global network. Accessed 2026-09-16.
5. [Insurance for Technology & IT Businesses](https://www.gallaghersmallbusiness.com/technology-services/). Gallagher Small Business; Protection for IT Professionals & Their Technology-Based Businesses; recommended coverage menu, including Surety Bond Programs; Connect With An Advisor. Accessed 2026-09-16.
6. [Executive and Financial Risk Insurance](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/). Gallagher; Employee Dishonesty (Crime) and Fidelity Bond insurance section. Accessed 2026-09-23.
7. [Legal Information](https://www.gallaghersmallbusiness.com/legal-information/). Gallagher Small Business; Producer identification immediately above Quick Links. Accessed 2026-09-16.
8. [Woodruff Sawyer Is Now Gallagher](https://www.ajg.com/merger-partners/woodruff-sawyer-is-now-gallagher/). Gallagher; Opening; Executive and Financial Risk consulting; Continued access to client portals; contact form. Accessed 2026-09-16.

### Fidelity Bonds Guide

9. [Glossary of Insurance Terms](https://content.naic.org/glossary-insurance-terms). National Association of Insurance Commissioners; Fidelity; Surety Bond. Accessed 2026-09-16.
10. [Field Assistance Bulletin No. 2008-04: Guidance Regarding ERISA Fidelity Bonding Requirements](https://www.dol.gov/sites/dolgov/files/ebsa/employers-and-advisers/guidance/field-assistance-bulletins/erisa-fidelity-bonding-requirements.pdf). U.S. Department of Labor, Employee Benefits Security Administration; Q1–Q3 pp.2–3; Q2 pp.2–3. Accessed 2026-09-16.
11. [Crime Terms and Conditions](https://asset.trvstatic.com/download/assets/cri-3001.pdf/98f30f1063c911eeb2f1deb19c93b21f). Travelers Casualty and Surety Company of America; I.A.1–3 p.1; III.S pp.8–9; V.B.1–2 pp.18–20; CRI consideration p.1; III.P p.8; V.A.3 pp.16–17; V.A.4 p.17; V.B.3 p.20; IV.L p.15. Accessed 2026-09-16.

Updated 2026-09-30. Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. The comparison applies the same criteria to both providers. [Editorial policy](https://spot.insure/editorial-policy). To suggest a correction, [contact Spot](https://spot.insure/contact) with the page URL and supporting source.

## The Baldwin Group Reviews

Review Score: not enough ratings.

The reviewed public sources do not establish a representative customer rating for The Baldwin Group’s commercial advisory business. BBB pages show different legal entities: an A+ regional insurance-agency grade with zero listed reviews and complaints for The Baldwin Group Mid-Atlantic, LLC, and an A- grade plus six complaints in three years for The Baldwin Group Personal Insurance, LLC. A 2026 personal-lines complaint describes delayed refund handling. A separate National General auto review mentions a Baldwin referral but concerns insurer policy administration. None of these observations supports a group-wide or commercial rating.



Reviewed 2026-09-29. [Read the sourced review](https://spot.insure/insurance-providers/baldwin/reviews).

## Gallagher Reviews

Review Score: 9.3 / 10 from 3 rated sources, equally weighted.

Gallagher has strong Trustpilot feedback and a favorable historical large-commercial survey result. Neither directly measures today’s US small-business service.

- J.D. Power: Broker satisfaction rank/score 2nd / 855 (Rank / 1,000-point score). 2017 US/Canada large-commercial broker study; participating organizations had at least $100m annual revenue or operating budget; not small-business-specific. Period: 2017 study. Checked 2026-09-25. [JD Power 2017 Large Commercial Insurance Study](https://www.jdpower.com/business/press-releases/jd-power-2017-large-commercial-insurance-study)
- Trustpilot: TrustScore 4.6 (5 stars); 8190 reviews. Global Arthur J. Gallagher & Co. brand profile; mixed countries and insurance lines, not US commercial-only. Period: 976 reviews in prior 12 months; observed 2026-09-25. Checked 2026-09-25. [Gallagher Reviews | Trustpilot](https://www.trustpilot.com/review/www.ajg.com)
- BBB: BBB grade A+ (BBB letter grade). BBB corporate headquarters profile for Gallagher, Rolling Meadows, Illinois. Checked 2026-09-25. [Gallagher | BBB Business Profile](https://www.bbb.org/us/il/rolling-meadows/profile/insurance-companies/gallagher-0654-23000270)

Reviewed 2026-09-25. [Read the sourced review](https://spot.insure/insurance-providers/gallagher/reviews).

## Agent and Developer Resources

- [Markdown page](https://spot.insure/compare/baldwin-vs-gallagher/fidelity-bonds.md)
- [Developer resources](https://spot.insure/developers)
- [Public MCP server](https://spot.insure/mcp)
- [MCP server manifest](https://spot.insure/server.json)
- [OpenAPI description](https://spot.insure/openapi.json)
- [Public page index](https://spot.insure/llms.txt)