What Are the Key Differences Between Beazley and Marsh Fidelity Bonds?
Separate Institution Bond or Crime Placement
Beazley sells Financial Fidelity Bonds as a distinct product for financial institutions. Marsh includes fidelity with commercial crime rather than presenting a separate fidelity product; Marsh McLennan Agency also lists commercial crime/fidelity under executive liability. Choose Beazley if you need a named institution bond; choose Marsh if you want fidelity included in a broader commercial-crime placement. [1] [2] [3]
Cover Lists and Claim Mix
Beazley describes employee theft plus forgery, on-premises and in-transit loss, computer fraud, client-property loss, credit-card fraud and related expenses. Marsh describes employee white-collar fraud—trusted employees exploiting systems for personal gain—as a risk a commercial crime policy addresses, and says those fidelity losses make up about half of crime-policy notifications in its data. Marsh’s figure is a company-reported claim mix, not a policy form. [1] [2]
Forms and Limits Versus Specialist Engagement
Beazley advertises limits up to US $25,000,000 and uses FI Bond Forms 14, 15, 24 and 25. Marsh’s reviewed pages do not name a crime or fidelity insurer and do not publish bond limits; you engage a Marsh or MMA crime and fidelity specialist directly. [1] [2] [3]
What Should You Confirm in Beazley and Marsh Fidelity Bonds Quotes?
- Ask Beazley which FI form applies and whether the $25 million headline is your maximum. [1]
- Ask Marsh whether the placement is a fidelity bond, a commercial crime policy, or a combined form, and which insurer writes it. [2] [3]
- Confirm whether you need an institution bond or crime coverage that treats employee fidelity as one insuring agreement. [1] [2]
- Get written limits from Marsh; the reviewed pages do not publish them. [2]