Gallagher vs Hub International: Fidelity Bonds

Gallagher arranges ERISA fidelity bonds through outside carriers and reviews plan limits and policy terms. HUB International places crime and fidelity coverage through ProEx and directs prospective clients to a specialist.

Van Ness Partners presents a practical comparison of source materials relevant to financial crime exposures.Research updated 2026-09-25

Crime coverage

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 ↗

HUB International

  • role: HUB places crime and fidelity bond coverage, including financial institution bonds, through its ProEx Professional & Executive Risk practice alongside other executive-liability and financial-institution lines, rather than underwriting these bonds itself. ProEx page coverage list, read 2026-09-23. The page does not name an issuing insurer for Crime/Fidelity or Financial Institution Bonds.company-reportedSource ↗
  • coverage: HUB's ProEx coverage list names "Crime / Fidelity" as an Executive Liability offering and "Financial Institution Bonds" as a separate Financial Institutions offering, but the page gives no further description of insuring agreements, covered dishonest-act scenarios or exclusions for either. ProEx page coverage list only; these are catalogue entries, not policy-form descriptions.company-reportedSource ↗
  • eligibility: No size, industry or state eligibility criteria specific to fidelity bonds or financial institution bonds were found on the ProEx page. Checked the ProEx page on 2026-09-23; these coverages are listed among many others without their own eligibility description.not-foundSource ↗
  • insurer: No insurer is named for Crime/Fidelity or Financial Institution Bonds on the ProEx page; HUB says ProEx places over $2 billion in premium with carriers it calls top-rated, without naming them. Checked the ProEx page on 2026-09-23.not-foundSource ↗
  • limits: Published bond penalty amounts, limits or retentions were not found on the ProEx page. Checked the ProEx page on 2026-09-23; bond amounts are set on the quote and declarations.not-disclosedSource ↗
  • services: HUB says its ProEx team, which lists Crime/Fidelity and Financial Institution Bonds among its coverages, provides analytics, litigation support and risk-management services to clients of all sizes under a named ProEx practice leader. ProEx page team and services description; not specific to a single bond placement.company-reportedSource ↗
  • application: HUB directs prospects for these coverages to contact a ProEx specialist rather than an online quote or bind flow. ProEx page call to action.company-reportedSource ↗

What Are the Key Differences Between Gallagher and HUB International Fidelity Bonds?

ERISA Limit Guidance or Specialist Bond Placement

Gallagher helps plan sponsors size fidelity limits using ERISA requirements and peer analysis. HUB places Crime/Fidelity under executive liability and Financial Institution Bonds through ProEx. Choose Gallagher if you need to benchmark a benefit plan's bond limit; choose HUB if you need specialist placement for financial-institution or executive-risk bonds. [1] [2]

Limit Method Versus Practice Services

Gallagher ties recommended limits to ERISA required amounts and says it uses peer analysis and a Surety Association of America / American Institute of Accountants exposure index. HUB’s ProEx page does not publish bond penalties or an ERISA sizing method; it says the team provides analytics, litigation support and risk-management under a named practice leader. [1] [2]

Claims Wording and How You Reach the Team

Gallagher says it reviews coverage so the carrier allows appropriate treatment of older incidents and does not use claims triggers that are too difficult to prove. HUB’s reviewed ProEx page does not describe that wording review; it directs you to contact a specialist rather than quote online. Neither page names the issuing insurer. [1] [2]

What Should You Confirm in Gallagher and HUB International Fidelity Bonds Quotes?

  • Ask Gallagher for the ERISA-linked limit recommendation and how peer analysis changed it. [1]
  • Ask HUB whether the quote is Crime/Fidelity, a financial institution bond, or both, and which carrier is on the form. [2]
  • Compare claims-trigger and prior-acts wording; Gallagher says it reviews those points and HUB’s page does not. [1] [2]
  • Ask HUB which analytics or litigation-support services apply to this placement. [2]

Gallagher helps plan sponsors set ERISA fidelity limits with peer analysis; HUB's ProEx practice places Crime/Fidelity and Financial Institution Bonds.

Sources consulted

  1. 01
    Executive and Financial Risk Insurance

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

  2. 02
    HUB ProEx

    HUB International · ProEx Coverages list including Crime / Fidelity under Executive Liability and Financial Institution Bonds under Financial Institutions; Claims & Legal Support section; ProEx premium volume statement · 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

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