What Are the Key Differences Between Coverdash and Zurich U.S. Fidelity Bonds?
Online purchase and plan options
Coverdash describes a fully digital quote-to-purchase process for its surety products, including fidelity bonds, while acting as a broker that places coverage with a carrier. Zurich offers Express ERISA bonds for one straightforward, non-union plan and Select for multiple or complex plans with higher limits and optional coverage. A buyer seeking a self-serve process has a defined route through Coverdash; plan sponsors with differing plan structures can ask Zurich which track handles each one. [1] [6]
What each record says the bond protects
Coverdash describes fidelity bonds generally as protection against loss from employee dishonesty. Zurich states that its ERISA bond covers direct loss of money, securities, or property from employee fraud or dishonest acts, and may include designated agents or independent contractors in its employee definition. The Zurich record provides a more specific ERISA plan context and worker wording; buyers should verify that any Coverdash quote is the required ERISA bond rather than another surety bond type. [1] [6]