What Are the Key Differences Between Beazley and Heffernan Insurance Brokers Fidelity Bonds?
Institution Coverage or Agency-Specific Bonds
Beazley offers financial-institution bonds with limits advertised up to $25 million. Heffernan lists an Employee Dishonesty Bond for home-care agencies and a separate fidelity bond for family offices, trustees, advisers, private-equity firms and foundations. Choose Beazley if you run a financial institution seeking broad crime protection; choose Heffernan if you need a home-care or family-office bond. [1] [4] [3]
Itemized Crime Covers Versus Unspecified Bond Names
Beazley describes employee theft plus forgery, on-premises and in-transit loss, money-order and counterfeit-currency fraud, computer fraud, client-property loss, credit-card fraud and related expenses. Heffernan’s home-care and family-office pages name the two products but do not describe insuring agreements, exclusions or claim triggers. A buyer can read Beazley’s cover list on the product page; Heffernan’s reviewed pages do not provide that list. [1] [4] [3]
Forms and $25 Million Versus Unpublished Penalties
Beazley advertises limits up to US $25,000,000 and lists FI Bond Forms 14, 15, 24 and 25. Heffernan’s reviewed pages do not publish a bond penalty or deductible. Heffernan’s claims-advocacy page lists workers’ compensation, general liability, auto and property support and does not describe fidelity-bond claims handling. Beazley links a general claim-notification channel. [1] [4] [3] [2]
What Should You Confirm in Beazley and Heffernan Insurance Brokers Fidelity Bonds Quotes?
- Ask Beazley which FI form applies and whether the $25 million headline is your maximum. [1]
- Ask Heffernan whether you are quoting the home-care Employee Dishonesty Bond or the family-office financial institution bond, and which insurer writes it. [4] [3]
- Get specimen insuring agreements from Heffernan, which the practice pages do not publish. [4] [3]
- Confirm how fidelity claims are reported on each side. [1] [2]