Beazley vs Coverdash: How Do They Compare for Fidelity Bonds?

Beazley insures Financial Fidelity Bonds for financial institutions and lists dedicated bond applications. Coverdash brokers fidelity bonds through outside carriers and provides a digital quote-to-purchase path.

Beazley underwrites Financial Fidelity Bonds for financial institutions, with advertised limits up to $25 million. Coverdash brokers an employee-dishonesty bond from a digital surety catalog and does not name the issuer. ^1,^3,²

What Are the Key Differences Between Beazley and Coverdash Fidelity Bonds?

Who Issues the Bond Versus Who Places It

Beazley underwrites Financial Fidelity Bonds for financial institutions, as a line it keeps separate from Commercial Crime on the same page. Coverdash arranges fidelity bonds as a broker and lists them as one of four bond types on a surety page, not as a dedicated product. On a Beazley quote Beazley is the writer; on a Coverdash quote the reviewed sources do not name the carrier. Choose Beazley if you are a financial institution that wants the writer on the bond; choose Coverdash if you want a brokered employee-dishonesty bond you can start digitally. ¹ ² ³

What Each Page Says the Bond Covers

Beazley describes protection from loss of money and securities caused by employee theft, plus third-party-related losses such as forgery, on-premises and in-transit loss, money-order and counterfeit-currency fraud, computer fraud, client-property loss, credit-card fraud and related expenses. Coverdash’s surety card describes fidelity in a single line as protecting clients against loss from employee dishonesty, with no insuring-agreement list. A Beazley buyer can read an institution-crime menu before applying; a Coverdash buyer cannot tell from the public card whether the form is first-party, third-party or ERISA. ¹ ²

$25 Million Headline Versus Digital Purchase With No Published Amount

Beazley advertises limits of up to US $25,000,000 for this line and lists FI Bond Form 14, Form 15, Form 24 and Form 25, separate from Commercial Crime applications. Coverdash describes a fully digital quote-to-purchase process on the surety page that includes fidelity among its bond types, and does not publish bond-amount figures. Beazley’s page does not describe an online self-service purchase. You fill Beazley’s institution forms; you click through Coverdash’s surety flow. ¹ ²

What Should You Confirm in Beazley and Coverdash Fidelity Bonds Quotes?

Ask Beazley which FI bond form (14, 15, 24 or 25) applies and whether the $25 million figure is the maximum on your quote. ¹
Ask Coverdash which carrier issues the bond and whether it is first-party, third-party or ERISA, which the surety card does not specify. ²
Confirm whether Beazley’s fraudulent-instruction wording, labeled for Commercial Crime on the reviewed page, applies to the fidelity bond. ¹
Get the written bond penalty and retention from both; Coverdash publishes none and Beazley does not break out retentions. ¹ ²

Beazley vs Coverdash Fidelity Bonds Compared

Beazley vs Coverdash: Fidelity Bonds: documented features by provider

Criteria	Beazley Financial Fidelity Bonds	Coverdash Fidelity Bonds
How to Apply	Beazley lists dedicated Financial Institution bond application forms in its Tools & Resources: FI Bond Form 14, Form 15, Form 24 and Form 25, separate from the Commercial Crime application forms on the same page. ¹Company-reported. Tools & Resources section of the product page; the page does not describe an online quote or self-service purchase flow.	Coverdash describes a fully digital quote-to-purchase process on its surety-bond page, which includes the fidelity-bond option among its four bond types. ²Company-reported. Product-page company information and cross-sell section.
Coverage Features	Beazley describes fidelity bonds as protecting a financial institution from loss of money and securities caused by employee theft, plus third-party-related losses such as forgery or alteration, on-premises and in-transit loss, money-order and counterfeit-currency fraud, computer fraud, client-property loss, credit-card fraud and related expenses. ¹Company-reported. Product page's general description of crime/fidelity coverage; the page does not itemize a separate insuring-agreement list for fidelity bonds versus Commercial Crime.	Coverdash's surety-bond page describes fidelity bonds in a single line as protecting clients against loss from employee dishonesty; it does not have a dedicated fidelity-bond product page. ²Company-reported. One catalog card on the surety-bond page, not a full product description. Fidelity bonds are a distinct crime-type coverage rather than a three-party surety guarantee, even though Coverdash lists them on the same page as its surety bonds.
Role in This Line	Beazley underwrites Financial Fidelity Bonds, which it markets specifically to financial institutions, as a separate line from the Commercial Crime product it sells to ordinary commercial companies on the same page. ¹Company-reported. Crime and Fidelity product page; "fidelity bonds" is the name the page uses for the financial-institution version of this crime coverage.	Coverdash arranges fidelity bonds as a broker rather than an insurer, placing coverage with a carrier under its standard brokerage terms. ^3,²Company-reported. General brokerage terms applied to the fidelity-bonds card on the surety-bond page; not specific to any one carrier or state.