Heffernan vs Techinsurance: Fidelity Bonds

Heffernan Insurance Brokers places fidelity bonds for home-care agencies and financial firms. TechInsurance arranges commercial fidelity bonds online and describes coverage variants, though it does not name the specific insurer.

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

Crime coverage

Heffernan Insurance Brokers

  • role: Heffernan arranges fidelity-type bonds as one line within two specialty practices: an Employee Dishonesty Bond for home-care agencies and a Fidelity/financial institution bond for family offices and financial firms. It places these bonds with insurers rather than issuing them itself. Home Care and Family Office practice-page listings; no dedicated fidelity-bond product page was found.company-reportedSource ↗Source ↗
  • eligibility: Heffernan lists fidelity-type bonds for two named buyer segments: home care, home health, and hospice agencies, and family offices, trustees, financial advisors, private equity firms, and foundations. Direct practice-page listings; no minimum size or other eligibility criteria for the bond specifically were published.company-reportedSource ↗Source ↗
  • coverage: Heffernan uses two different bond product names for its two client segments: "Employee Dishonesty Bond" for home-care agencies and "Fidelity/financial institution bond" for family offices and financial firms. Neither page describes the bond's insuring agreement, exclusions, or claim triggers. Home Care and Family Office pages as read on 2026-09-23.company-reportedSource ↗Source ↗
  • insurer: The reviewed pages do not name the insurer or bond underwriter for either the home-care Employee Dishonesty Bond or the family-office fidelity bond. Home Care and Family Office pages as read on 2026-09-23.not-disclosedSource ↗Source ↗
  • limits: Neither the home-care nor the family-office page publishes a bond penalty amount, limit, or deductible for the fidelity coverage. Home Care and Family Office pages as read on 2026-09-23.not-foundSource ↗Source ↗
  • services: Heffernan's published claims-advocacy services list workers' compensation, general liability, auto, and property claims support; fidelity or crime-bond claims handling is not described on that page. Claims Advocacy page as read on 2026-09-23; does not establish that fidelity-bond claims receive no support, only that this page does not describe it.not-foundSource ↗

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 ↗

What Are the Key Differences Between Heffernan Insurance Brokers and TechInsurance Fidelity Bonds?

Online Bond Variants Versus Specialty Listings

Heffernan lists Employee Dishonesty Bonds for home-care agencies and Fidelity/financial-institution bonds for family offices, but its pages do not explain the forms. TechInsurance describes employee fraud, theft, forgery and embezzlement, separates first-party from third-party cover, and lists employee-dishonesty, business-service, janitorial and ERISA variants. [3] [2] [5] Choose Heffernan if you need a bond for a home-care agency or family office; choose TechInsurance if you want to compare ERISA or first-party and third-party forms online.

Who Each Firm Names

Heffernan names home care, home health, hospice, family offices, trustees, advisors, private equity and foundations. TechInsurance targets businesses whose employees handle sensitive financial information or access client property unsupervised, with examples such as web hosting, project management, cleaning, healthcare and security-guard companies. [3] [2] [5]

Quote Path and Issuer Notes

TechInsurance uses a short online application and says agents can add the bond to a package; it also says an ERISA fidelity bond must come from a Treasury-authorized surety. Heffernan’s reviewed pages do not describe an online bind path and do not name an underwriter or penalty amount. TechInsurance discusses cost drivers (bond amount, type, industry, employee access, credit score) rather than a published median premium. [5] [3] [2]

What Should You Confirm in Heffernan Insurance Brokers and TechInsurance Fidelity Bonds Quotes?

  • Ask Heffernan which listed product applies and which carrier would write it. [3] [2]
  • Ask TechInsurance which variant is quoted and, if ERISA, which Treasury-listed surety issues it. [5]
  • Confirm whether a home-care Employee Dishonesty Bond is first-party, third-party, or both, using TechInsurance’s distinction as a checklist. [3] [5]
  • Compare deductibles and whether a financial institution bond is needed for a family office. [2] [5]

TechInsurance explains first-party, third-party and ERISA fidelity bond types and offers a short online application; Heffernan names products for home-care agencies and family offices without comparable form detail.

Sources consulted

  1. 01
    Claims Advocacy

    Heffernan Insurance Brokers · Services We Offer: Workers' Compensation Claims Expertise; Medical Triage Services; General Liability, Auto & Property Claims Support; Online Risk Management & HR Support; Streamlined Vendor Compliance · accessed 2026-09-23

  2. 02
    Family Office

    Heffernan Insurance Brokers · Coverage for Family Offices, Trustees & Financial Firms: ... Trustee liability insurance, Property and auto insurance, Fiduciary liability insurance, Fidelity/financial institution bond, Cyber liability insurance, Crime insurance, General liability insurance · accessed 2026-09-23

  3. 03
    Home Care Business Insurance

    Heffernan Insurance Brokers · We offer comprehensive coverage for: ... Crime - Third Party Theft, Employee Dishonesty Bond, Cyber & Identity Theft, Medical Billing E&O, Property Coverage and more · accessed 2026-09-23

  4. 04
    Glossary of Insurance Terms

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

  5. 05
    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

  6. 06
    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

  7. 07
    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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