--- title: "The Baldwin Group vs Travelers: Fidelity Bonds" description: "Travelers describes ERISA fidelity for benefit-plan fund handlers and sells through independent agents; Baldwin lists broader commercial crime/fidelity options for professional-services firms." canonical: "https://spot.insure/compare/baldwin-vs-travelers/fidelity-bonds" page-type: "line-comparison" updated-at: "2026-09-30" comparison-pair: "baldwin-vs-travelers" provider-a: "baldwin" provider-b: "travelers" coverage-line: "fidelity-bonds" --- Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and insurance research. Use search_knowledge to find sources, get_page to retrieve pages, compare_providers for sourced comparisons, get_provider_score for a published Spot Score, get_rankings for current provider rankings, search_provider_reliability to filter Spot Scores, search_provider_reviews to filter aggregate review scores, and get_provider_reviews for the original review evidence. The server is read-only and requires no authentication. [Human-readable page](https://spot.insure/compare/baldwin-vs-travelers/fidelity-bonds) ## Agent Guide **What this page is:** Focused comparison of The Baldwin Group and Travelers 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 Travelers. 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 Travelers for Fidelity Bonds: how do they differ? - Which is better for Fidelity Bonds, The Baldwin Group or Travelers? - What does The Baldwin Group or Travelers publish about Fidelity Bonds (limits, eligibility, claims, add-ons)? - What should I confirm in a quote for Fidelity Bonds from The Baldwin Group or Travelers? **Key facts:** - Line: Fidelity Bonds. Providers: The Baldwin Group and Travelers. - 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 Travelers](https://spot.insure/compare/baldwin-vs-travelers) — 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) - [Travelers profile](https://spot.insure/insurance-providers/travelers) — provider profile (evidence) - [The Baldwin Group vs Travelers Cargo and Transit Insurance](https://spot.insure/compare/baldwin-vs-travelers/cargo-transit) — sibling comparison (other line, or other pair for this line) - [The Baldwin Group vs Travelers Commercial Auto Insurance](https://spot.insure/compare/baldwin-vs-travelers/commercial-auto) — sibling comparison (other line, or other pair for this line) - [The Baldwin Group vs Travelers Commercial Property Insurance](https://spot.insure/compare/baldwin-vs-travelers/commercial-property) — sibling comparison (other line, or other pair for this line) - [The Baldwin Group vs Travelers Crime Insurance](https://spot.insure/compare/baldwin-vs-travelers/crime) — sibling comparison (other line, or other pair for this line) - [The Baldwin Group vs Travelers Employment Practices Liability Insurance](https://spot.insure/compare/baldwin-vs-travelers/employment-practices) — sibling comparison (other line, or other pair for this line) - [The Baldwin Group vs Travelers Equipment Breakdown Insurance](https://spot.insure/compare/baldwin-vs-travelers/equipment-breakdown) — sibling comparison (other line, or other pair for this line) - [The Baldwin Group vs Travelers Fiduciary Liability Insurance](https://spot.insure/compare/baldwin-vs-travelers/fiduciary) — sibling comparison (other line, or other pair for this line) - [The Baldwin Group vs Travelers Professional Liability (E&O) Insurance](https://spot.insure/compare/baldwin-vs-travelers/professional-errors-omissions) — sibling comparison (other line, or other pair for this line) - [The Baldwin Group vs Travelers Surety Bonds](https://spot.insure/compare/baldwin-vs-travelers/surety-bonds) — sibling comparison (other line, or other pair for this line) - [The Baldwin Group vs Travelers Umbrella and Excess Liability Insurance](https://spot.insure/compare/baldwin-vs-travelers/umbrella-excess) — sibling comparison (other line, or other pair for this line) - [The Baldwin Group vs Travelers Workers’ Compensation Insurance](https://spot.insure/compare/baldwin-vs-travelers/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 Travelers Fidelity Bonds](https://spot.insure/compare/aig-vs-travelers/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 Travelers: How Do They Compare for Fidelity Bonds? Travelers describes ERISA fidelity for benefit-plan fund handlers and sells through independent agents; Baldwin lists broader commercial crime/fidelity options for professional-services firms. ## Research Scope and Use Use this comparison to evaluate The Baldwin Group and Travelers 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 Travelers’ reviewed offering focuses on ERISA plan losses from fraud or dishonesty, while The Baldwin Group lists commercial fidelity bonds without specifying whether an ERISA form is available. [3](https://baldwin.com/business-insurance/industries/professional-services/ "Professional Liability Insurance & Services") [7](https://www.travelers.com/business-insurance/professional-liability-insurance "Management and Professional Liability 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 Travelers Insurance? Travelers suits technology companies that want CyberRisk Tech and can work through an independent agent; buyers seeking a direct online technology quote should compare digital providers. Many small accounts can be quoted in agent platforms, while specialty risks need underwriting. [4](https://www.travelers.com/business-insurance/technology "Technology Insurance") [5](https://www.travelers.com/about-travelers/producer-compensation-disclosure "Travelers Producer Compensation Disclosure (United States)") [6](https://www.travelers.com/contact-us "Contact Us") [Travelers profile](https://spot.insure/insurance-providers/travelers) ## 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 ### ERISA plan funds Travelers describes ERISA fidelity insurance for employee benefit plans covering losses from theft, embezzlement or forgery by people handling plan funds. Baldwin lists commercial crime/fidelity options for professional-services clients but does not identify an ERISA form. If a retirement plan is the reason for the bond, ask Baldwin to confirm the exact ERISA wording and covered handlers. [7](https://www.travelers.com/business-insurance/professional-liability-insurance "Management and Professional Liability Insurance") [3](https://baldwin.com/business-insurance/industries/professional-services/ "Professional Liability Insurance & Services") ### How to buy Travelers sells ERISA fidelity through independent agents. Baldwin describes brokerage and market navigation but does not publish an application route or bond limit. Compare the required bond amount, issuing surety and application details with the Travelers agent and Baldwin’s proposal. [8](https://www.travelers.com/surety-bond "Surety Bonds") [3](https://baldwin.com/business-insurance/industries/professional-services/ "Professional Liability Insurance & Services") ## What to Confirm in Fidelity Bonds Quotes - Which plan assets and fund handlers appear in Travelers’ bond form? Can Baldwin place an ERISA fidelity bond, and who will issue it? ## Offering Details | Criteria | Baldwin Commercial Fidelity Bond Brokerage and Advisory | Travelers ERISA Fidelity 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..) | Travelers lists ERISA fidelity as one of its Management & Professional Liability products, and separately lists ERISA Fidelity among the bond types it provides on its surety bond page. [7](https://www.travelers.com/business-insurance/professional-liability-insurance "Management and Professional Liability Insurance") [8](https://www.travelers.com/surety-bond "Surety Bonds") (Evidence: Company-reported; scope: Management & Professional Liability product list and Surety Bonds product list..) | | 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..) | Travelers offers ERISA fidelity coverage as part of a product suite that also covers private companies, public companies, nonprofit organizations and financial institutions, but the reviewed pages do not name specific eligible business sizes or industries for the ERISA fidelity product itself. [7](https://www.travelers.com/business-insurance/professional-liability-insurance "Management and Professional Liability Insurance") (Evidence: Not publicly disclosed; scope: Management & Professional Liability Insurance page general eligibility statement..) | | 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..) | Travelers describes ERISA fidelity insurance as covering an employee benefit plan against losses caused by acts of fraud or dishonesty, such as theft, embezzlement or forgery, by the people who handle plan funds. [7](https://www.travelers.com/business-insurance/professional-liability-insurance "Management and Professional Liability Insurance") (Evidence: Company-reported; scope: Management & Professional Liability Insurance page, ERISA fidelity insurance entry; exact terms and required minimum bond amounts are set by ERISA and the issued bond..) | | 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..) | Neither reviewed page publishes bond amounts, premiums or terms for ERISA fidelity coverage; federal ERISA rules set minimum bonding requirements, but Travelers' specific offer would appear on a quote. [7](https://www.travelers.com/business-insurance/professional-liability-insurance "Management and Professional Liability Insurance") [8](https://www.travelers.com/surety-bond "Surety Bonds") (Evidence: Not found in reviewed sources; scope: Management & Professional Liability and Surety Bonds pages as read on 2026-09-23..) | | 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..) | Confirm in your quote. | | How to Apply | Confirm in your quote. | ERISA fidelity coverage is bought through a Travelers independent agent. [8](https://www.travelers.com/surety-bond "Surety Bonds") (Evidence: Company-reported; scope: Surety Bonds page "Find an insurance agent" call to action..) | ## Full Comparison - [The Baldwin Group vs Travelers](https://spot.insure/compare/baldwin-vs-travelers): 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 Travelers Cargo and Transit Insurance](https://spot.insure/compare/baldwin-vs-travelers/cargo-transit) - [The Baldwin Group vs Travelers Commercial Auto Insurance](https://spot.insure/compare/baldwin-vs-travelers/commercial-auto) - [The Baldwin Group vs Travelers Commercial Property Insurance](https://spot.insure/compare/baldwin-vs-travelers/commercial-property) - [The Baldwin Group vs Travelers Crime Insurance](https://spot.insure/compare/baldwin-vs-travelers/crime) - [The Baldwin Group vs Travelers Employment Practices Liability Insurance](https://spot.insure/compare/baldwin-vs-travelers/employment-practices) - [The Baldwin Group vs Travelers Equipment Breakdown Insurance](https://spot.insure/compare/baldwin-vs-travelers/equipment-breakdown) - [The Baldwin Group vs Travelers Fiduciary Liability Insurance](https://spot.insure/compare/baldwin-vs-travelers/fiduciary) - [The Baldwin Group vs Travelers Professional Liability (E&O) Insurance](https://spot.insure/compare/baldwin-vs-travelers/professional-errors-omissions) - [The Baldwin Group vs Travelers Surety Bonds](https://spot.insure/compare/baldwin-vs-travelers/surety-bonds) - [The Baldwin Group vs Travelers Umbrella and Excess Liability Insurance](https://spot.insure/compare/baldwin-vs-travelers/umbrella-excess) - [The Baldwin Group vs Travelers Workers’ Compensation Insurance](https://spot.insure/compare/baldwin-vs-travelers/workers-compensation) - [AIG vs The Baldwin Group Fidelity Bonds](https://spot.insure/compare/aig-vs-baldwin/fidelity-bonds) - [AIG vs Travelers Fidelity Bonds](https://spot.insure/compare/aig-vs-travelers/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. ### Travelers 4. [Technology Insurance](https://www.travelers.com/business-insurance/technology). Travelers; Technology insurance products we offer: CyberRisk Tech, Global Companion Plus+, general liability, commercial property, workers compensation, commercial auto, umbrella; startup-to-established-leader audience. Accessed 2026-09-16. 5. [Travelers Producer Compensation Disclosure (United States)](https://www.travelers.com/about-travelers/producer-compensation-disclosure). Travelers; Independent producers; seven compensation types; Simply Business, Inc. and InsuraMatch, LLC ownership; The Travelers Indemnity Company footer; Northfield Excess & Surplus Lines product list. Accessed 2026-09-16. 6. [Contact Us](https://www.travelers.com/contact-us). Travelers; Business insurance sold through independent agents; business claims 1.800.238.6225; MyTravelers for business features. Accessed 2026-09-16. 7. [Management and Professional Liability Insurance](https://www.travelers.com/business-insurance/professional-liability-insurance). Travelers; "Select a product" list: ERISA fidelity insurance — "helps cover an employee benefit plan against losses caused by acts of fraud or dishonesty such as theft, embezzlement or forgery". Accessed 2026-09-23. 8. [Surety Bonds](https://www.travelers.com/surety-bond). Travelers; "Surety bonds provided by Travelers" list, including ERISA Fidelity. Accessed 2026-09-23. ### 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). ## Travelers Reviews Review Score: 4.8 / 10 from 3 rated sources, equally weighted. Travelers earns 4.5/5 from NerdWallet, but customer feedback is poor: 1.4/5 on Trustpilot and 1.3/5 for homeowners on ConsumerAffairs. Those reviews mostly concern personal insurance. - NerdWallet: NerdWallet editorial rating 4.5 (5 stars). Editorial commercial-insurance assessment; methodology and scope belong to publisher. Period: 2026 review; accessed 2026-09-25. Checked 2026-09-25. [NerdWallet result for Travelers](https://www.nerdwallet.com/business/insurance/learn/travelers-business-insurance) - Trustpilot: Trustpilot TrustScore 1.4 (5 stars); 144 reviews. Self-selected consumer aggregate; product and business/personal scope may be mixed. Period: accessed 2026-09-25. Checked 2026-09-25. [Trustpilot result for Travelers](https://www.trustpilot.com/review/travelers.com) - ConsumerAffairs: ConsumerAffairs homeowners consumer rating 1.3 (5 stars); 331 reviews. Self-selected consumer aggregate; product and business/personal scope may be mixed. Period: updated 2026-09-21; accessed 2026-09-25. Checked 2026-09-25. [ConsumerAffairs result for Travelers](https://www.consumeraffairs.com/insurance/travelers.html) Reviewed 2026-09-25. [Read the sourced review](https://spot.insure/insurance-providers/travelers/reviews). ## Agent and Developer Resources - [Markdown page](https://spot.insure/compare/baldwin-vs-travelers/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)