Gallagher vs Techinsurance: Fidelity Bonds

Gallagher arranges ERISA fidelity bonds through other carriers and reviews required limits and terms. TechInsurance arranges business fidelity bonds online, describes several coverage variants, and does not name the insurer on its reviewed page.

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 TechInsurance Fidelity Bonds?

Limit Benchmarking or Online Bond Selection

Gallagher ties fidelity limits to ERISA requirements and adds peer analysis for plan sponsors and fiduciaries. TechInsurance’s product page names first-party, third-party, ERISA and other variants and takes a short online application. Choose Gallagher if you need help setting a plan's limit; choose TechInsurance if you already know which bond type you need and want to apply online. [1] [3]

How Amount and Price Are Explained

Gallagher does not publish a dollar range. It says it recommends a limit using ERISA requirements, peer analysis and an exposure index from the Surety Association of America and the American Institute of Accountants. TechInsurance says premium typically follows the total bond amount, then bond type, industry risk, how many employees can reach sensitive data, and credit score. You would compare Gallagher’s recommended penalty with TechInsurance’s quoted amount and those pricing inputs. [1] [3]

How You Apply

Gallagher’s reviewed page does not describe an online application. TechInsurance takes a short online application and says licensed agents can add the bond to a broader package. Gallagher does not name an insurer. TechInsurance does not name a surety for a standard bond, but says an ERISA bond must come from a Treasury-authorized surety. [1] [3]

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

  • Ask Gallagher for the ERISA-linked recommended limit. [1]
  • Ask TechInsurance which variant is on the quote and, for ERISA, which Treasury-authorized surety issues it. [3]
  • Confirm whether Gallagher is placing crime cover beside the bond, which its practice describes as a joint offering. [1]
  • Ask Gallagher how its review of older incidents and claims triggers would apply to the quoted wording. [1]

Gallagher helps ERISA plan sponsors set fidelity limits with peer analysis; TechInsurance lists first-party, third-party and ERISA bonds you can start online.

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
    Fidelity Bonds – Quotes Online

    TechInsurance · What do fidelity bonds cover? (fraud, theft, forgery, embezzlement, employee benefits theft/ERISA); What is the difference between first-party and third-party fidelity bonds?; What are the different kinds of fidelity bonds?; How much do fidelity bonds cost?; What is the difference between commercial crime insurance and a fidelity bond? · 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

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 ↗

TechInsurance

  • role: TechInsurance arranges fidelity bonds, describing them as a type of commercial crime insurance and a type of surety bond, distinct from a traditional insurance policy in that the bonding company can seek repayment from the employee responsible for a dishonest act. Fidelity bonds product page.company-reportedSource ↗
  • insurer: The reviewed page does not name a specific surety or insurer for a standard fidelity bond, though it says an ERISA fidelity bond specifically must be purchased from a surety company authorized by the U.S. Department of the Treasury. Fidelity bonds product page as read on 2026-09-23.company-reportedSource ↗
  • coverage: TechInsurance says fidelity bonds cover employee fraud, theft, forgery and embezzlement against the business or its clients, and distinguishes first-party bonds (protecting the business itself) from third-party bonds (protecting clients), plus employee dishonesty, business service, janitorial and ERISA bond variants. Fidelity bonds product page; general policy description, not a specific bond form.company-reportedSource ↗
  • eligibility: TechInsurance targets fidelity bonds at businesses whose employees handle sensitive financial information or access client property unsupervised, naming web hosting, project management, cleaning, healthcare and security-guard companies as example segments. Fidelity bonds product page, Who should get fidelity bonds? section.company-reportedSource ↗
  • limits: TechInsurance says fidelity bond costs vary widely and are typically calculated based on the total bond amount, with underwriting factors including bond type and size, industry risk, number of employees with sensitive-data access, and credit score; it does not publish a median premium for this line as it does for some other policies. Fidelity bonds product page, How much do fidelity bonds cost? section.company-reportedSource ↗
  • application: You request fidelity bond quotes online through a short application; TechInsurance says its licensed agents can help add fidelity bonds to a broader coverage package. Fidelity bonds product page.company-reportedSource ↗

Contact Van Ness Partners to discuss controls, exposures and insurance options.

Contact Van Ness Partners