Gallagher vs Travelers Fidelity Bonds

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. ³Company-reported. Group-level executive-and-financial-risk practice page; fidelity bonds are described jointly with crime coverage, not as a fully separate section.

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.

The executive-and-financial-risk page does not name the insurer that would issue a given client's fidelity bond. ³Not publicly disclosed. Checked the group-level executive-and-financial-risk practice page.

Not described in the reviewed sources.

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. ³Company-reported. Group-level executive-and-financial-risk practice page.

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.

Not described in the reviewed sources.

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 page does not publish specific fidelity bond limits or premium ranges beyond describing the ERISA-linked methodology used to recommend a limit. ³Not publicly disclosed. Checked the group-level executive-and-financial-risk practice page.

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.

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. ³Company-reported. Group-level executive-and-financial-risk practice page.

Not described in the reviewed sources.

Not described in the reviewed sources.

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

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. ³Company-reported. Group-level executive-and-financial-risk practice page; a stated review practice, not a guarantee of claim payment.

Not described in the reviewed sources.