What Are the Key Differences Between Gallagher and Zurich U.S. Fidelity Bonds?
Limit analysis and track selection
Gallagher says it uses peer analysis, third-party databases, and an exposure index developed with the Surety Association of America and the American Institute of Accountants to help set fidelity-bond and crime limits. Zurich offers Express for a single straightforward non-union plan, with limits up to $1 million, and Select for multiple or complex plans with higher limits and optional coverages. Gallagher describes how a broker analyzes limits; Zurich describes product tracks and their broad fit. A plan sponsor can use both to establish a compliant amount and form. [1] [5]
Policy wording and claims review
Gallagher says it reviews coverage for appropriate treatment of older incidents and claim triggers that are not too difficult to prove. Zurich describes direct-loss protection for money, securities, or property caused by employee fraud or dishonesty and may include designated agents or contractors in the employee definition. Buyers should compare Zurich’s definitions and trigger language with Gallagher’s proposed carrier wording, particularly for prior incidents and plan administrators. [1] [5]