What Are the Key Differences Between CNA and Marsh Fidelity Bonds?
Bond portfolio versus crime-policy grouping
CNA lists five fidelity bond forms, including janitorial-services and pension-trust (ERISA) bonds ([1]). Marsh’s reviewed material groups fidelity with commercial crime rather than presenting a separate fidelity product, and describes employee white-collar fraud as a crime-policy risk ([2][3]). A buyer should identify whether the requirement calls for a bond or whether a commercial crime placement can meet it; the labels alone do not make the forms interchangeable.
Loss description and claim wording
CNA describes employee-dishonesty losses affecting a business or its customers ([1]). Marsh describes trusted employees exploiting company systems for personal gain as one risk addressed by a commercial crime policy ([2]). The descriptions overlap around employee conduct but do not establish identical insured parties or triggers. Compare the proposed first- and third-party insuring agreements, bond obligee, exclusions and claim notice provisions.
What Should You Confirm in CNA and Marsh Fidelity Bonds Quotes?
- Would the Marsh proposal be a commercial crime policy or fidelity bond, and does its wording meet the named bond requirement?
- Which CNA form addresses your loss scenario, and are customers or other third parties protected under the proposed bond?