Gallagher vs Newfront: Fidelity Bonds

Gallagher arranges ERISA fidelity bonds through outside carriers and reviews required limits and terms. Newfront brokers fidelity bonds for executive risk clients; you start by requesting a consultation, and it provides policy and claims support.

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

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

ERISA Limit Guidance or Broader Executive Risk

Gallagher ties bond limits to ERISA requirements and adds peer analysis and claims-trigger review. Newfront handles Fidelity and Crime together under Executive Risk for private companies across funding stages and public companies. Choose Gallagher if you need help setting a benefit plan's required amount; choose Newfront if fidelity is one part of broader Executive Risk coverage. [1] [3]

Advisory Method Versus Platform Servicing

Gallagher says it uses peer analysis, third-party databases and a Surety Association of America / American Institute of Accountants exposure index, and reviews older-incident and claims-trigger wording. Newfront says clients get 24/7 access to policies, certificates and billing through a connected dashboard, that renewals use pre-populated historical data, and that it provides integrated claims and coverage negotiation. [1] [3]

How Placement Starts

Gallagher’s reviewed page does not describe an online quote. Newfront starts a fidelity placement by requesting a consultation on the Executive Risk page. Neither publishes a bond penalty or names the issuing insurer. [1] [3]

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

  • Ask Gallagher for the ERISA-linked recommended limit and the peer-analysis support. [1]
  • Ask Newfront whether Fidelity and Crime means an ERISA bond, a crime policy, or both. [3]
  • Compare claims handling: Gallagher’s trigger review versus Newfront’s integrated negotiation. [1] [3]
  • Confirm dashboard access, certificates and billing if you need those for a plan audit. [3]

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 ↗

Newfront

  • role: Newfront brokers fidelity bond coverage as part of its Executive Risk practice, which it groups with crime coverage under one Key Coverages entry. It negotiates placement rather than underwriting the risk. Executive Risk offering page; fidelity and crime are listed together, not as separately described products.company-reportedSource ↗
  • insurer: The reviewed Executive Risk page does not name the insurer or insurers that would issue a fidelity bond placed through Newfront. Executive Risk page as read on 2026-09-23; carrier depends on the specific placement.not-disclosedSource ↗
  • eligibility: Newfront says its Executive Risk practice services private companies from seed round through every series of funding, and describes work with over 500 publicly traded companies, without a fidelity-specific eligibility threshold. Here for the Long Run section; figures describe the executive-risk practice broadly, not fidelity bonds specifically.company-reportedSource ↗
  • coverage: Newfront lists "Fidelity and Crime" among the Key Coverages of its Executive Risk program. The page does not separately describe fidelity-specific insuring agreements such as employee-dishonesty bond limits or covered positions. Executive Risk page Key Coverages list; fidelity and crime are bundled in one line item.company-reportedSource ↗
  • limits: Newfront's Executive Risk page does not publish limits or retentions for fidelity bond coverage. Executive Risk page as read on 2026-09-23.not-disclosedSource ↗
  • services: Newfront says clients get 24/7 access to their insurance program, including policies, certificates of insurance and billing, through its connected dashboard, and that renewal submissions use pre-populated historical data. Industry-Leading Technology section; described across Executive Risk lines, not fidelity-specific.company-reportedSource ↗
  • application: You start a fidelity bond placement by requesting a consultation through Newfront's Executive Risk page. Executive Risk page call-to-action; no online quoting or binding described.company-reportedSource ↗
  • claims: Newfront says it provides "integrated claims and coverage negotiation" for its Executive Risk lines, which would apply to a fidelity bond claim. The Newfront Difference section; described across Executive Risk lines, not a fidelity-specific claims workflow.company-reportedSource ↗

Gallagher helps plan sponsors set ERISA fidelity limits; Newfront groups Fidelity and Crime under Executive Risk for private and public companies.

Sources consulted

  1. 01
    Executive and Financial Risk Insurance

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

  2. 02
    Glossary of Insurance Terms

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

  3. 03
    Executive Risk

    Newfront · Key Coverages to Protect Your Business: Fidelity and Crime; Here for the Long Run: Private Companies and Public statistics; Industry-Leading Technology · accessed 2026-09-23

  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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