What Are the Key Differences Between HUB International and Zurich U.S. Fidelity Bonds?
Product detail and covered losses
HUB lists Crime/Fidelity under Executive Liability and Financial Institution Bonds as a separate offering, but its reviewed page does not describe covered dishonest acts, exclusions, or insuring agreements. Zurich says its ERISA bond covers direct loss of money, securities, or property from employee fraud or dishonest acts and may include designated agents or contractors in the employee definition. A buyer reviewing HUB’s options needs the policy wording to identify which loss types are covered; a plan sponsor can use Zurich’s stated direct-loss scope as a comparison point. [1] [5]
Placement and plan fit
HUB places bonds through its ProEx practice and directs prospects to a specialist rather than an online quote. Zurich separates single straightforward plans into Express and multiple or complex plans into Select, with higher limits and optional coverages available through Select. Plan sponsors can ask HUB’s specialist which product matches their plan and compare Zurich’s tiering against the number and complexity of plans. [1] [5]