Baldwin vs Gallagher: Fidelity Bonds

Crime coverage

The Baldwin Group

role: The source describes The Baldwin Group’s brokerage or advisory role for Commercial Fidelity Bond. It does not identify Baldwin as the risk-bearing insurer for a particular placement. The cited company page describes its brokerage/advisory role and does not name the issuer for a buyer-specific placement.company-reportedSource ↗
eligibility: Baldwin lists professional-services firms among the commercial sectors for which it can arrange crime/fidelity-bond options. The page does not establish a bond applicant’s eligibility or identify a surety. This is the audience or client context named on Baldwin’s page, not an underwriting decision or guarantee of product availability.company-reportedSource ↗
coverage: Baldwin lists a commercial crime/fidelity bond as an option for professional-services clients. It does not describe a specific bond form, protected obligee, covered employee conduct or bond amount. The statement reports Baldwin’s marketed coverage or advisory description only. No individual quote, binder, policy form, schedule or endorsement was reviewed; policy entitlement and terms remain unknown.company-reportedSource ↗
services: Baldwin describes market navigation and tailored risk and insurance advice for accountants, architects, engineers, financial advisers, lawyers, consultants and surveyors. These are company-described brokerage and risk-advisory services; account-specific service commitments and third-party terms are not established.company-reportedSource ↗
limits: The reviewed source does not state a buyer-specific limit, retention, deductible or coverage schedule. Confirm the quote and issued policy or bond. No buyer quote, binder, policy or bond form was available in the reviewed public sources.not-disclosedSource ↗

Gallagher

role: 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. Group-level executive-and-financial-risk practice page; fidelity bonds are described jointly with crime coverage, not as a fully separate section.company-reportedSource ↗
eligibility: 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. Group-level executive-and-financial-risk practice page.company-reportedSource ↗
services: 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. Group-level executive-and-financial-risk practice page.company-reportedSource ↗
claims: 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. Group-level executive-and-financial-risk practice page; a stated review practice, not a guarantee of claim payment.company-reportedSource ↗
insurer: The executive-and-financial-risk page does not name the insurer that would issue a given client's fidelity bond. Checked the group-level executive-and-financial-risk practice page.not-disclosedSource ↗
limits: The page does not publish specific fidelity bond limits or premium ranges beyond describing the ERISA-linked methodology used to recommend a limit. Checked the group-level executive-and-financial-risk practice page.not-disclosedSource ↗

What Are the Key Differences Between The Baldwin Group and Gallagher Fidelity Bonds?

How limits are assessed

Gallagher says it places fidelity bonds with outside carriers and sets limits using peer analysis and an exposure index developed with surety and accounting associations, tied to the client’s ERISA requirement. Baldwin lists crime/fidelity options for professional-services firms but does not describe a bond-limit method. Ask both how the plan’s assets and handled funds translate into the requested amount. [1] [3]

Review of claim conditions

Gallagher says its team reviews whether a carrier allows appropriate treatment of older incidents and whether the claim trigger is too difficult to prove. Baldwin describes market navigation and tailored advice without a fidelity-specific claims review process. Buyers should ask for the bond’s trigger and prior-act treatment in writing before comparing premiums. [1] [3]

What Should You Confirm in The Baldwin Group and Gallagher Fidelity Bonds Quotes?

What ERISA requirement and peer group drive Gallagher’s limit recommendation? Which prior-incident and proof-of-loss terms would Baldwin’s carrier use?

Gallagher describes ERISA-based limit setting, peer data and exposure indexing for fidelity bonds, whereas The Baldwin Group’s page identifies the option but not how limits are calculated.

Sources consulted

01
Executive and Financial Risk Insurance
Gallagher · Employee Dishonesty (Crime) and Fidelity Bond insurance section · accessed 2026-09-23
02
Glossary of Insurance Terms
National Association of Insurance Commissioners · Fidelity; Surety Bond · accessed 2026-09-16
03
Professional Liability Insurance & Services
The Baldwin Group · Professional-services customer population lines 35–64; coverage snapshot lines 68–84 lists property, general/professional liability, cyber, workers’ compensation, D&O, fiduciary, crime/fidelity bond, EPL, and IP liability; Employee benefits lines 93–95; accessed 2026-09-29. · accessed 2026-09-30
04
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
05
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