AIG vs Heffernan: Fidelity Bonds

AIG markets Financial Institution Bonds for financial-sector audiences with examples including employee dishonesty, forgery, and fraud. Heffernan Insurance Brokers places distinct fidelity bond options for home-care agencies and financial firms through insurers.

Van Ness Partners presents a practical comparison of source materials relevant to financial crime exposures.Research updated 2026-09-30

What Are the Key Differences Between AIG and Heffernan Insurance Brokers Fidelity Bonds?

Specialized Buyer Groups

Heffernan lists Employee Dishonesty Bonds for home-care, home-health, and hospice agencies, and fidelity or financial-institution bonds for family offices, trustees, financial advisers, and related firms. AIG’s Financial Institution Bond audience includes banks, non-bank lenders, asset managers, and insurers. A home-care agency may find Heffernan’s named segment relevant, while a regulated financial firm should compare AIG’s dedicated FI bond application with Heffernan’s family-office placement. [4] [1]

Bond Wording and Amounts

AIG names employee dishonesty, forgery, computer fraud, and impersonation fraud among its FI bond examples. Heffernan names the bond types for its two buyer groups but does not describe covered conduct, claim triggers, or bond amounts. Buyers should obtain the specific form and confirm the insurer, covered positions, obligee, and amount; AIG also leaves standard amounts to the individual proposal. [1] [3]

What Should You Confirm in AIG and Heffernan Insurance Brokers Fidelity Bonds Quotes?

  • Ask Heffernan which bond form covers your organization, the issuing carrier, and the covered employee conduct. [3]
  • Ask AIG which application and bond amount apply to your institution and whether computer and impersonation fraud are included. [1]

Crime coverage

AIG

  • role: AIG markets Financial Institution Bonds separately from commercial-entity Crime Insurance. This draft covers the named bond family only and does not treat the crime policy as a fidelity bond. Role in this product is limited to the description on the linked AIG source.company-reportedSource ↗
  • eligibility: AIG names banks, non-bank lenders, asset managers and insurance companies as financial-institution bond audiences. The page does not establish eligibility for a specific entity or jurisdiction. Audience is the segment AIG names on the linked source; this is not an underwriting decision, quote or guarantee of availability.company-reportedSource ↗
  • coverage: AIG lists employee dishonesty, theft on premises, forgery, computer-systems fraud and impersonation fraud among financial-institution bond coverage examples. These examples are subject to the actual bond form and do not define all terms. AIG’s public product description is not the policy. Actual entitlement depends on the applicable issued form, endorsements and declarations.company-reportedSource ↗
  • services: AIG describes dedicated underwriting and claims teams for its crime and fidelity offerings. The application directory includes distinct fidelity applications by financial-institution type; this is an application path, not a bound bond. The linked page describes company-reported support; specific account services and third-party arrangements must be confirmed.company-reportedSource ↗
  • limits: The reviewed pages do not state a standard bond amount or buyer-specific deductible. Confirm the bond form, amount and conditions with AIG for the particular institution. This statement reports only what the linked public source discloses and does not substitute for a quote or issued policy.not-disclosedSource ↗

Heffernan Insurance Brokers

  • role: Heffernan arranges fidelity-type bonds as one line within two specialty practices: an Employee Dishonesty Bond for home-care agencies and a Fidelity/financial institution bond for family offices and financial firms. It places these bonds with insurers rather than issuing them itself. Home Care and Family Office practice-page listings; no dedicated fidelity-bond product page was found.company-reportedSource ↗Source ↗
  • eligibility: Heffernan lists fidelity-type bonds for two named buyer segments: home care, home health, and hospice agencies, and family offices, trustees, financial advisors, private equity firms, and foundations. Direct practice-page listings; no minimum size or other eligibility criteria for the bond specifically were published.company-reportedSource ↗Source ↗
  • coverage: Heffernan uses two different bond product names for its two client segments: "Employee Dishonesty Bond" for home-care agencies and "Fidelity/financial institution bond" for family offices and financial firms. Neither page describes the bond's insuring agreement, exclusions, or claim triggers. Home Care and Family Office pages as read on 2026-09-23.company-reportedSource ↗Source ↗
  • insurer: The reviewed pages do not name the insurer or bond underwriter for either the home-care Employee Dishonesty Bond or the family-office fidelity bond. Home Care and Family Office pages as read on 2026-09-23.not-disclosedSource ↗Source ↗
  • limits: Neither the home-care nor the family-office page publishes a bond penalty amount, limit, or deductible for the fidelity coverage. Home Care and Family Office pages as read on 2026-09-23.not-foundSource ↗Source ↗
  • services: Heffernan's published claims-advocacy services list workers' compensation, general liability, auto, and property claims support; fidelity or crime-bond claims handling is not described on that page. Claims Advocacy page as read on 2026-09-23; does not establish that fidelity-bond claims receive no support, only that this page does not describe it.not-foundSource ↗

Heffernan distinguishes employee-dishonesty bonds for home-care agencies from financial-institution bonds for family offices; AIG publishes a dedicated Financial Institution Bond family.

Sources consulted

  1. 01
    Crime and Fidelity Insurance

    AIG · Official AIG page, lines 257–275 and 353–354: separate Financial Institution Bonds section, named financial-institution audience and example covered losses; policy/state availability caveat. AIG’s Financial Lines Applications directory separately lists institution-specific fidelity applications. · accessed 2026-09-30

  2. 02
    Claims Advocacy

    Heffernan Insurance Brokers · Services We Offer: Workers' Compensation Claims Expertise; Medical Triage Services; General Liability, Auto & Property Claims Support; Online Risk Management & HR Support; Streamlined Vendor Compliance · accessed 2026-09-23

  3. 03
    Family Office

    Heffernan Insurance Brokers · Coverage for Family Offices, Trustees & Financial Firms: ... Trustee liability insurance, Property and auto insurance, Fiduciary liability insurance, Fidelity/financial institution bond, Cyber liability insurance, Crime insurance, General liability insurance · accessed 2026-09-23

  4. 04
    Home Care Business Insurance

    Heffernan Insurance Brokers · We offer comprehensive coverage for: ... Crime - Third Party Theft, Employee Dishonesty Bond, Cyber & Identity Theft, Medical Billing E&O, Property Coverage and more · accessed 2026-09-23

  5. 05
    Glossary of Insurance Terms

    National Association of Insurance Commissioners · Fidelity; Surety Bond · accessed 2026-09-16

  6. 06
    Crime Terms and Conditions

    Travelers Casualty and Surety Company of America · I.A.1–3 p.1; III.S pp.8–9; V.B.1–2 pp.18–20; CRI consideration p.1; III.P p.8; V.A.3 pp.16–17; V.A.4 p.17; V.B.3 p.20; IV.L p.15 · accessed 2026-09-16

  7. 07
    Field Assistance Bulletin No. 2008-04: Guidance Regarding ERISA Fidelity Bonding Requirements

    U.S. Department of Labor, Employee Benefits Security Administration · Q1–Q3 pp.2–3; Q2 pp.2–3 · accessed 2026-09-16

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