What Are the Key Differences Between AIG and Zurich U.S. Fidelity Bonds?
Financial Institution Bonds and ERISA Plans
AIG's named bond family is aimed at financial institutions: its listed audiences include banks, non-bank lenders, asset managers and insurance companies. Zurich's two ERISA options instead distinguish one straightforward, non-union plan from multiple or complex plans. A business comparing these records should first identify whether it is bonding a financial institution or an employee benefit plan; the product labels do not answer that eligibility question. [1] [5]
Plan Structure and Bond Limits
Zurich publishes an Express fraud and dishonesty ceiling of $1 million and says Select supports higher limits and optional coverages. AIG's reviewed material lists employee dishonesty, forgery, computer-systems fraud and impersonation fraud but publishes no standard bond amount. Buyers therefore need to compare the requested amount and covered acts in the actual forms, rather than infer that AIG's broader examples establish a higher limit. [1] [5]