AIG vs Travelers: Fidelity Bonds

AIG markets Financial Institution Bonds with listed employee dishonesty and fraud examples. Travelers offers ERISA fidelity coverage for employee benefit plans and describes protection against fraud or dishonesty by people handling plan funds.

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 Travelers Fidelity Bonds?

ERISA Plan Coverage and FI Bond Scenarios

Travelers describes ERISA fidelity coverage for benefit-plan losses caused by fraud or dishonesty, such as theft, embezzlement, or forgery by people who handle plan funds. AIG markets Financial Institution Bonds and names employee dishonesty, theft on premises, forgery, computer fraud, and impersonation fraud. Plan sponsors should ask Travelers how the bond meets the plan’s required amount; a bank or asset manager should ask AIG which FI form fits its own broader exposures. [4] [1]

Application and Amount

Travelers sells ERISA fidelity through independent agents and does not publish buyer-specific amounts or terms on the reviewed pages. AIG provides separate FI bond applications but likewise gives no standard amount or deductible. The products serve different stated audiences, so confirm the bond purpose, issuer, covered plan handlers or financial-institution employees, and amount required by the obligee before comparing prices. [4] [1]

What Should You Confirm in AIG and Travelers Fidelity Bonds Quotes?

  • Ask Travelers which ERISA amount and covered plan handlers appear on the bond and who issues it. [4]
  • Ask AIG which FI application, issuer, and covered fraud agreements fit your institution. [1]

Travelers describes ERISA fidelity for losses from fraud or dishonesty by people handling plan funds; AIG’s FI bond covers a broader set of institution-focused examples.

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
    Glossary of Insurance Terms

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

  3. 03
    Management and 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

  4. 04
    Surety Bonds

    Travelers · "Surety bonds provided by Travelers" list, including ERISA Fidelity · accessed 2026-09-23

  5. 05
    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

  6. 06
    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

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 ↗

Travelers

  • role: 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. Management & Professional Liability product list and Surety Bonds product list.company-reportedSource ↗Source ↗
  • 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. Management & Professional Liability Insurance page, ERISA fidelity insurance entry; exact terms and required minimum bond amounts are set by ERISA and the issued bond.company-reportedSource ↗
  • eligibility: 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. Management & Professional Liability Insurance page general eligibility statement.not-disclosedSource ↗
  • limits: 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. Management & Professional Liability and Surety Bonds pages as read on 2026-09-23.not-foundSource ↗Source ↗
  • application: ERISA fidelity coverage is bought through a Travelers independent agent. Surety Bonds page "Find an insurance agent" call to action.company-reportedSource ↗

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