---
title: "Marsh vs Travelers Fidelity Bonds"
description: "Marsh places employee fidelity inside commercial crime; Travelers underwrites ERISA fidelity insurance for benefit plans through independent agents."
canonical: "https://spot.insure/compare/marsh-vs-travelers/fidelity-bonds"
page-type: "line-comparison"
updated-at: "2026-09-23"
---

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[Human-readable page](https://spot.insure/compare/marsh-vs-travelers/fidelity-bonds)

# Marsh vs Travelers Fidelity Bonds

Marsh places employee fidelity inside commercial crime; Travelers underwrites ERISA fidelity insurance for benefit plans through independent agents.

## Research Scope and Use

Use this comparison to evaluate Marsh 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

Marsh’s reviewed pages bundle fidelity with commercial crime and cite employee fidelity as about half of crime-policy notifications. Travelers lists ERISA fidelity as a product it provides, covering a benefit plan against fraud or dishonesty by people who handle plan funds, sold through an independent agent. [6](https://www.marshmma.com/us/solutions/executive-and-professional-liability.html "Expert Executive and Professional Liability Insurance") [5](https://www.marsh.com/en/services/financial-professional-liability/expertise/commercial-crime-insurance.html "Commercial crime insurance") [10](https://www.travelers.com/business-insurance/professional-liability-insurance "Management and Professional Liability Insurance") [11](https://www.travelers.com/surety-bond "Surety Bonds")

## What Is Marsh?

Marsh is a global insurance broker and risk advisor. In the United States it places coverage through core Marsh teams and through Marsh McLennan Agency for many middle-market buyers, including technology, cyber, property, casualty and benefits programs. [1](https://www.marsh.com/en/home.html "Marsh | Leader in risk, strategy, people, and investments") [2](https://www.marsh.com/content/dam/marsh/Documents/PDF/US-en/us-client-compensation-guide.pdf "Compensation guide for US clients") [3](https://www.marsh.com/en/services/marsh-mclennan-agency.html "Marsh McLennan Agency (MMA)") [4](https://www.marsh.com/en/industries/technology.html "Technology | Insurance Broking & Risk Management")

[Marsh profile](https://spot.insure/insurance-providers/marsh)

## What Is Travelers Insurance?

Travelers is a U.S. property-casualty insurance group that markets business coverage, including a technology practice, through independent agents and brokers. Buyers can investigate CyberRisk Tech, a small-business technology-services policy, and other commercial lines, then confirm the issuing company and California availability on a quote. [7](https://www.travelers.com/business-insurance/technology "Technology Insurance") [8](https://www.travelers.com/about-travelers/producer-compensation-disclosure "Travelers Producer Compensation Disclosure (United States)") [9](https://www.travelers.com/contact-us "Contact Us")

[Travelers profile](https://spot.insure/insurance-providers/travelers)

## What Are Fidelity Bonds?

Fidelity bonds and employee-dishonesty policies address losses caused by dishonest employees, within the limits and terms purchased. [12](https://content.naic.org/glossary-insurance-terms "Glossary of Insurance Terms")

## Key Differences in Fidelity Bonds

### Brokered Crime Cover Versus a Travelers ERISA Product

Marsh does not sell fidelity as a separate product line in the pages reviewed; MMA lists commercial crime/fidelity as one item. Travelers lists ERISA fidelity insurance on its Management & Professional Liability list and ERISA Fidelity among surety bonds it provides. [6](https://www.marshmma.com/us/solutions/executive-and-professional-liability.html "Expert Executive and Professional Liability Insurance") [5](https://www.marsh.com/en/services/financial-professional-liability/expertise/commercial-crime-insurance.html "Commercial crime insurance") [10](https://www.travelers.com/business-insurance/professional-liability-insurance "Management and Professional Liability Insurance") [11](https://www.travelers.com/surety-bond "Surety Bonds")

### Operating-Company Fraud Versus Plan Assets

Marsh describes trusted employees exploiting systems for personal gain as a commercial-crime risk. Travelers describes cover for an employee benefit plan against fraud or dishonesty such as theft, embezzlement or forgery by people who handle plan funds. Those can both matter, but they are different named insureds. [5](https://www.marsh.com/en/services/financial-professional-liability/expertise/commercial-crime-insurance.html "Commercial crime insurance") [10](https://www.travelers.com/business-insurance/professional-liability-insurance "Management and Professional Liability Insurance")

### Who You Buy From

You engage a Marsh or MMA crime-and-fidelity specialist. Travelers ERISA fidelity is bought through a Travelers independent agent. Marsh does not name the issuing insurer; Travelers does not publish bond amounts on the reviewed pages. [5](https://www.marsh.com/en/services/financial-professional-liability/expertise/commercial-crime-insurance.html "Commercial crime insurance") [6](https://www.marshmma.com/us/solutions/executive-and-professional-liability.html "Expert Executive and Professional Liability Insurance") [11](https://www.travelers.com/surety-bond "Surety Bonds")

## What to Confirm in Fidelity Bonds Quotes

- Ask Marsh whether the quote includes an ERISA bond, a commercial crime policy, or both. [5](https://www.marsh.com/en/services/financial-professional-liability/expertise/commercial-crime-insurance.html "Commercial crime insurance") [6](https://www.marshmma.com/us/solutions/executive-and-professional-liability.html "Expert Executive and Professional Liability Insurance")
- Ask the Travelers agent for the penalty, named plan and covered handlers. [10](https://www.travelers.com/business-insurance/professional-liability-insurance "Management and Professional Liability Insurance")
- Confirm whether Marsh would place Travelers paper or another market for the crime layer. [5](https://www.marsh.com/en/services/financial-professional-liability/expertise/commercial-crime-insurance.html "Commercial crime insurance") [11](https://www.travelers.com/surety-bond "Surety Bonds")
- Get retentions and discovery wording on both the crime policy and the ERISA bond. [5](https://www.marsh.com/en/services/financial-professional-liability/expertise/commercial-crime-insurance.html "Commercial crime insurance") [10](https://www.travelers.com/business-insurance/professional-liability-insurance "Management and Professional Liability Insurance")

## Offering Details

| Criteria | Marsh Fidelity Coverage | Travelers ERISA Fidelity Insurance |
| --- | --- | --- |
| Role in This Line | Marsh does not sell fidelity coverage as a separate product line in the pages reviewed. It bundles fidelity with commercial crime insurance, and MMA lists "commercial crime/fidelity" together as one item in its executive and professional liability practice. [6](https://www.marshmma.com/us/solutions/executive-and-professional-liability.html "Expert Executive and Professional Liability Insurance") [5](https://www.marsh.com/en/services/financial-professional-liability/expertise/commercial-crime-insurance.html "Commercial crime insurance") (Evidence: Company-reported; scope: MMA executive and professional liability page and Marsh's commercial crime page..) | 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. [10](https://www.travelers.com/business-insurance/professional-liability-insurance "Management and Professional Liability Insurance") [11](https://www.travelers.com/surety-bond "Surety Bonds") (Evidence: Company-reported; scope: Management & Professional Liability product list and Surety Bonds product list..) |
| Issuing Insurer | The reviewed pages do not name a specific insurer for fidelity or crime/fidelity coverage. [5](https://www.marsh.com/en/services/financial-professional-liability/expertise/commercial-crime-insurance.html "Commercial crime insurance") [6](https://www.marshmma.com/us/solutions/executive-and-professional-liability.html "Expert Executive and Professional Liability Insurance") (Evidence: Not publicly disclosed; scope: Commercial crime insurance and MMA executive and professional liability pages as read on 2026-09-23..) | Not described in the reviewed sources. |
| Who It’s For | Not described in the reviewed sources. | 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. [10](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 | Marsh describes employee white-collar fraud, meaning fidelity losses caused by trusted employees who exploit systems for personal gain, as one of the risks a commercial crime policy addresses; it says these losses make up about half of the crime-policy notifications in its data. [5](https://www.marsh.com/en/services/financial-professional-liability/expertise/commercial-crime-insurance.html "Commercial crime insurance") (Evidence: Company-reported; scope: Commercial crime insurance page; a fidelity-specific policy form was not identified as a distinct product from crime coverage..) | 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. [10](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 | Not described in the reviewed 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. [10](https://www.travelers.com/business-insurance/professional-liability-insurance "Management and Professional Liability Insurance") [11](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..) |
| How to Apply | You would engage a Marsh or MMA crime and fidelity specialist directly, since fidelity is placed together with commercial crime rather than through a separate application path in the reviewed pages. [5](https://www.marsh.com/en/services/financial-professional-liability/expertise/commercial-crime-insurance.html "Commercial crime insurance") [6](https://www.marshmma.com/us/solutions/executive-and-professional-liability.html "Expert Executive and Professional Liability Insurance") (Evidence: Company-reported; scope: Commercial crime insurance and MMA executive and professional liability pages..) | ERISA fidelity coverage is bought through a Travelers independent agent. [11](https://www.travelers.com/surety-bond "Surety Bonds") (Evidence: Company-reported; scope: Surety Bonds page "Find an insurance agent" call to action..) |

## Full Comparison

- [Marsh vs Travelers](https://spot.insure/compare/marsh-vs-travelers): all coverage lines, business roles, service and claims.
- [What Are Fidelity Bonds?](https://spot.insure/coverage/fidelity-bonds): Fidelity bonds and employee-dishonesty coverage protect against specified losses caused by dishonest employees or people handling plan assets.
- [Marsh vs Travelers Commercial Property Insurance](https://spot.insure/compare/marsh-vs-travelers/commercial-property)
- [Marsh vs Travelers Crime Insurance](https://spot.insure/compare/marsh-vs-travelers/crime)
- [Marsh vs Travelers Cyber Insurance](https://spot.insure/compare/marsh-vs-travelers/cyber)
- [Marsh vs Travelers D&O Insurance](https://spot.insure/compare/marsh-vs-travelers/directors-officers)
- [Marsh vs Travelers Employment Practices Liability Insurance](https://spot.insure/compare/marsh-vs-travelers/employment-practices)
- [Marsh vs Travelers Equipment Breakdown Insurance](https://spot.insure/compare/marsh-vs-travelers/equipment-breakdown)
- [Marsh vs Travelers Fiduciary Liability Insurance](https://spot.insure/compare/marsh-vs-travelers/fiduciary)
- [Marsh vs Travelers Kidnap and Ransom Insurance](https://spot.insure/compare/marsh-vs-travelers/kidnap-ransom)
- [Marsh vs Travelers Management Liability Insurance](https://spot.insure/compare/marsh-vs-travelers/management-liability)
- [Marsh vs Travelers Professional Liability (E&O) Insurance](https://spot.insure/compare/marsh-vs-travelers/professional-errors-omissions)
- [Marsh vs Travelers Surety Bonds](https://spot.insure/compare/marsh-vs-travelers/surety-bonds)
- [Marsh vs Travelers Tech E&O Insurance](https://spot.insure/compare/marsh-vs-travelers/technology-errors-omissions)
- [Marsh vs Travelers Workers’ Compensation Insurance](https://spot.insure/compare/marsh-vs-travelers/workers-compensation)
- [Beazley vs Marsh Fidelity Bonds](https://spot.insure/compare/beazley-vs-marsh/fidelity-bonds)
- [Beazley vs Travelers Fidelity Bonds](https://spot.insure/compare/beazley-vs-travelers/fidelity-bonds)
- [Coverdash vs Marsh Fidelity Bonds](https://spot.insure/compare/coverdash-vs-marsh/fidelity-bonds)
- [Coverdash vs Travelers Fidelity Bonds](https://spot.insure/compare/coverdash-vs-travelers/fidelity-bonds)
- [Founder Shield vs Marsh Fidelity Bonds](https://spot.insure/compare/foundershield-vs-marsh/fidelity-bonds)
- [Founder Shield vs Travelers Fidelity Bonds](https://spot.insure/compare/foundershield-vs-travelers/fidelity-bonds)

## Sources

### Marsh

1. [Marsh | Leader in risk, strategy, people, and investments](https://www.marsh.com/en/home.html). Marsh; Hero and capability tiles; FAQ: What does Marsh do?; industries served; Is Marsh the same as Marsh McLennan? January 2026 brand change. Accessed 2026-09-16.
2. [Compensation guide for US clients](https://www.marsh.com/content/dam/marsh/Documents/PDF/US-en/us-client-compensation-guide.pdf). Marsh; US broking segments; broker role; retail commissions, client fees, wholesale, insurer consulting, contingent and supplemental commissions; Marsh LLC and Marsh USA LLC; page 3: broker role and Marsh & McLennan Agency segment; page 7: copyright © 2024 Marsh LLC. Accessed 2026-09-16.
3. [Marsh McLennan Agency (MMA)](https://www.marsh.com/en/services/marsh-mclennan-agency.html). Marsh; Middle-market US organizations; wholly-owned subsidiary; business insurance, employee health and benefits, retirement, private client. Accessed 2026-09-16.
4. [Technology | Insurance Broking & Risk Management](https://www.marsh.com/en/industries/technology.html). Marsh; Opening Technology Practice description; practice links including data center insurance, fintech and Stratus; Talk to us. Accessed 2026-09-16.
5. [Commercial crime insurance](https://www.marsh.com/en/services/financial-professional-liability/expertise/commercial-crime-insurance.html). Marsh; Employee white-collar fraud: Marsh data shows around 50% of crime policy notifications are for employee fidelity losses, involving trusted employees who exploit systems for personal gain. Accessed 2026-09-23.
6. [Expert Executive and Professional Liability Insurance](https://www.marshmma.com/us/solutions/executive-and-professional-liability.html). Marsh McLennan Agency; Our policies include D&O, E&O, EPL, commercial crime/fidelity, network security privacy risk/cyber, fiduciary, media liability, IP, architects and engineers, lawyers professional, and kidnap and ransom. Accessed 2026-09-23.

### Travelers

7. [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.
8. [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.
9. [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.
10. [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.
11. [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

12. [Glossary of Insurance Terms](https://content.naic.org/glossary-insurance-terms). National Association of Insurance Commissioners; Fidelity; Surety Bond. Accessed 2026-09-16.

Updated 2026-09-23. 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.

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