What Are the Key Differences Between Coverdash and Gallagher Fidelity Bonds?
Online Bond or ERISA Limit Advice
Coverdash lists an employee-dishonesty bond in its digital surety catalog. Gallagher's executive-risk team helps plan sponsors set fidelity limits using ERISA requirements, peer analysis and exposure data. Choose Coverdash if you need an employee-dishonesty bond through an online flow; choose Gallagher if you are setting an employee-benefit plan's required limit. [1] [3]
Who the Reviewed Pages Say the Bond Is For
Coverdash’s surety-bond page does not separately describe who needs a fidelity bond; the page-level eligibility text is written for surety bonds generally. Gallagher ties fidelity bond limit-setting to a client’s required bond limits under ERISA, indicating the offering is aimed at plan sponsors and fiduciaries needing ERISA fidelity bonding. [1] [3]
Published Limits Versus a Sizing Method
Coverdash’s surety-bond page does not publish specific limit or bond-amount figures for fidelity bonds. Gallagher’s reviewed page also does not publish specific fidelity bond limits or premium ranges; it describes a method for recommending a limit that includes ERISA-required amounts, peer analysis using third-party databases, and an exposure index developed by the Surety Association of America with the American Institute of Accountants. [1] [3]
What Should You Confirm in Coverdash and Gallagher Fidelity Bonds Quotes?
- Ask Coverdash which carrier issues the bond and what employee-dishonesty wording is on the form. [1]
- Ask Gallagher how the ERISA requirement, peer analysis and exposure index produced the recommended limit, and which carrier writes it. [3]
- Get written bond amounts from both; neither reviewed page publishes them. [1] [3]
- Ask Gallagher how older incidents and claims triggers are treated on the specimen. [3]