Beazley vs Travelers Fidelity Bonds

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. ⁵Company-reported. Crime and Fidelity product page; "fidelity bonds" is the name the page uses for the financial-institution version of this crime coverage.

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. ^9,10Company-reported. Management & Professional Liability product list and Surety Bonds product list.

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. ⁵Company-reported. Product-page target-customer statement; no institution-type list or asset-size threshold is published.

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. ⁹Not publicly disclosed. Management & Professional Liability Insurance page general eligibility statement.

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. ⁵Company-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.

The reviewed page attributes its fraudulent-instruction (social-engineering) insuring agreement and out-of-band-authentication condition to "our Commercial Crime policy" specifically. It does not state that Financial Fidelity Bonds include this same insuring agreement. ⁵Not found in reviewed sources. Checked against the full product page text as of 2026-09-23; absence of a fidelity-bond-specific statement is not evidence the coverage is unavailable to financial institutions.

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. ⁹Company-reported. Management & Professional Liability Insurance page, ERISA fidelity insurance entry; exact terms and required minimum bond amounts are set by ERISA and the issued bond.

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. ⁵Company-reported. Shared headline limit figure; retentions and bond-specific sub-limits are not published.

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. ^9,10Not found in reviewed sources. Management & Professional Liability and Surety Bonds pages as read on 2026-09-23.

Beazley says its underwriting and claims professionals for this product family work side by side so that the original underwriting intent is respected when a claim arises. ⁵Company-reported. Company-stated internal process description applying to the Crime and Fidelity product family generally; no fidelity-bond-specific service is separately described.

Not described in the reviewed sources.

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. ⁵Company-reported. Tools & Resources section of the product page; the page does not describe an online quote or self-service purchase flow.

ERISA fidelity coverage is bought through a Travelers independent agent. ¹⁰Company-reported. Surety Bonds page "Find an insurance agent" call to action.

The product page links to Beazley's general claim-notification channel for this line. It does not disclose a claims response-time commitment or a dedicated claims process specific to Financial Fidelity Bonds. ⁵Not publicly disclosed. Product page "Notify a Claim" link as read on 2026-09-23; response times were not found.

Not described in the reviewed sources.