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

Beazley insures Financial Fidelity Bonds for financial institutions and describes employee-theft coverage. TechInsurance arranges fidelity bonds online and describes coverage options.

Beazley is the writer on a named institution fidelity bond with advertised limits up to $25 million and no public online bind. TechInsurance compares first-party, third-party, janitorial and ERISA forms through a short online application. ^1,²

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

Institution Writer Versus Online Bond Types

You buy Beazley’s Financial Fidelity Bonds from the writer, aimed at financial institutions, using dedicated FI application forms rather than a website checkout. TechInsurance arranges several named variants—first-party, third-party, employee-dishonesty, business-service, janitorial and ERISA—and takes a short online application. Choose Beazley if you are a financial institution that needs the writer’s FI bond; choose TechInsurance if you need to compare named bond forms and apply online. ¹ ²

Institution Crime List Versus First-Party and Third-Party Split

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, computer fraud, client-property loss, credit-card fraud and related expenses. TechInsurance says fidelity bonds cover employee fraud, theft, forgery and embezzlement against the business or its clients, and distinguishes first-party bonds that protect the business from third-party bonds that protect clients. Beazley’s list is institution operations; TechInsurance’s list is which party the bond is meant to protect. ¹ ²

FI Forms and Headline Limit Versus Cost Drivers

Beazley lists FI Bond Form 14, Form 15, Form 24 and Form 25 and advertises the shared US $25,000,000 headline without publishing retentions. TechInsurance does not name a surety for a standard bond, says an ERISA fidelity bond must come from a Treasury-authorized surety, and lists cost drivers of bond amount, type, industry risk, number of employees with sensitive-data access, and credit score. TechInsurance also names example buyers such as web hosting, cleaning, healthcare and security-guard firms. ¹ ²

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

Ask Beazley which FI form applies and whether the advertised US $25 million figure is a shared Crime and Fidelity headline or the limit on your bond. ¹
Ask TechInsurance whether the quote is first-party, third-party, janitorial or ERISA, and which surety issues it. ²
If the TechInsurance quote is an ERISA bond, confirm the surety is authorized by the U.S. Department of the Treasury. ²
Get written bond amounts from both. Beazley does not publish retentions; TechInsurance says cost typically follows the total bond amount. ¹ ²

Beazley vs TechInsurance Fidelity Bonds Compared

Beazley vs TechInsurance: Fidelity Bonds: documented features by provider

Criteria	Beazley Financial Fidelity Bonds	TechInsurance Fidelity Bonds
Limits and Retentions	The product page advertises limits of up to US $25,000,000 for this line without separately breaking out a fidelity-bond-specific maximum from the Commercial Crime figure on the same page. ¹Company-reported. Shared headline limit figure; retentions and bond-specific sub-limits are not published.	TechInsurance says fidelity bond costs vary widely and are typically calculated based on the total bond amount, with underwriting factors including bond type and size, industry risk, number of employees with sensitive-data access, and credit score; it does not publish a median premium for this line as it does for some other policies. ²Company-reported. Fidelity bonds product page, How much do fidelity bonds cost? section.
Who It’s For	Beazley says its expert team underwrites Financial Fidelity Bonds for financial institutions. The page does not name which types of financial institution (e.g., banks, credit unions, broker-dealers) qualify. ¹Company-reported. Product-page target-customer statement; no institution-type list or asset-size threshold is published.	TechInsurance targets fidelity bonds at businesses whose employees handle sensitive financial information or access client property unsupervised, naming web hosting, project management, cleaning, healthcare and security-guard companies as example segments. ²Company-reported. Fidelity bonds product page, Who should get fidelity bonds? section.
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.	You request fidelity bond quotes online through a short application; TechInsurance says its licensed agents can help add fidelity bonds to a broader coverage package. ²Company-reported. Fidelity bonds product page.
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.	TechInsurance says fidelity bonds cover employee fraud, theft, forgery and embezzlement against the business or its clients, and distinguishes first-party bonds (protecting the business itself) from third-party bonds (protecting clients), plus employee dishonesty, business service, janitorial and ERISA bond variants. ²Company-reported. Fidelity bonds product page; general policy description, not a specific bond form.
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.	TechInsurance arranges fidelity bonds, describing them as a type of commercial crime insurance and a type of surety bond, distinct from a traditional insurance policy in that the bonding company can seek repayment from the employee responsible for a dishonest act. ²Company-reported. Fidelity bonds product page.