CNA vs Gallagher: Fidelity Bonds

CNA offers fidelity bond forms including blanket, scheduled, and ERISA and says claims specialists handle fidelity claims. Gallagher arranges ERISA bonds through other carriers and reviews limits and coverage terms.

Van Ness Partners presents a practical comparison of source materials relevant to financial crime exposures.Research updated 2026-10-01

CNA identifies several bond forms, including ERISA pension-trust bonds. Gallagher describes ERISA-based limit selection using peer analysis and an exposure index.

Sources consulted

  1. 01
    CNA Surety - Surety and Fidelity Bonds | CNA Insurance

    CNA · Surety/fidelity product sections, geography, agents/brokers, bONdLINE and claims services · accessed 2026-09-28

  2. 02
    Executive and Financial Risk Insurance

    Gallagher · Employee Dishonesty (Crime) and Fidelity Bond insurance section · accessed 2026-09-23

  3. 03
    Glossary of Insurance Terms

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

  4. 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

  5. 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

What Are the Key Differences Between CNA and Gallagher Fidelity Bonds?

Bond audience and limit selection

CNA lists dishonesty, janitorial, blanket, scheduled and pension-trust ERISA bonds for businesses and their customers. Gallagher ties fidelity-bond limit-setting to ERISA requirements, describing coverage for plan sponsors and fiduciaries needing ERISA fidelity bonding. A business seeking a commercial employee-dishonesty bond should ask Gallagher whether its discussed placement addresses that wider need or focuses on the plan-bond context. [1] [2]

Claims support and wording review

Gallagher says it uses peer analysis and an exposure index to help select fidelity and crime limits, and reviews whether wording treats older incidents appropriately and avoids difficult claim triggers. CNA says experienced claims specialists help resolve surety and fidelity claims. The services differ: limit and wording review versus claim-resolution support. Ask what deliverables and claim contacts are included with each engagement. [2] [1]

What Should You Confirm in CNA and Gallagher Fidelity Bonds Quotes?

  • Ask Gallagher to document its ERISA limit calculation, incident-trigger terms, insurer and final bond amount. [2]
  • Ask CNA which bond form fits your plan or commercial need and how to reach its claims specialists. [1]

Crime coverage

CNA

  • coverage: CNA describes fidelity bonds as protection for businesses and their customers against losses from employee dishonesty. Entity: CNA Surety offering; exact surety/issuer entity varies by bond/state Product: commercial fidelity bonds Jurisdiction: United States; exact state availability not specified on page Research source scope: Commercial/contract surety; US plus Canada/Puerto Rico Claim limitation: Company-reported description; bond form and terms govern.company-reportedSource ↗
  • coverage: CNA identifies dishonesty, janitorial-services, blanket, scheduled and pension-trust (ERISA) bonds in its fidelity portfolio. Entity: CNA Surety offering Product: commercial fidelity bonds Jurisdiction: United States Research source scope: Commercial/contract surety; US plus Canada/Puerto Rico Claim limitation: Product list does not publish limits, exclusions or eligibility.company-reportedSource ↗
  • services: CNA says experienced claims specialists help resolve surety and fidelity claims. Entity: CNA Surety offering Product: surety and fidelity claims services Jurisdiction: United States Research source scope: Commercial/contract surety; US plus Canada/Puerto Rico Claim limitation: Company description; no response-time or settlement-performance data disclosed.company-reportedSource ↗

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 ↗

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