What Are the Key Differences Between Newfront and Travelers Fidelity Bonds?
Plan Bond Versus Executive Risk Coverage
Travelers describes ERISA fidelity for an employee benefit plan and routes buyers through an independent agent. Newfront groups Fidelity and Crime under Executive Risk, serving private companies from seed stage through later funding and more than 500 public companies, with dashboard access and integrated claims negotiation. [3] [2] Choose Travelers if you need a benefit-plan bond; choose Newfront if you want Fidelity and Crime included in an Executive Risk relationship.
Company-Stage Practice Versus Plan-Asset Cover
Newfront describes work with private companies from seed through later funding and with over 500 public companies, without a fidelity-specific threshold. Travelers describes cover for an employee benefit plan against fraud or dishonesty such as theft, embezzlement or forgery by people who handle plan funds; its reviewed pages do not name specific sizes for that product. [2] [3]
Consultation Versus Agent
You request a Newfront consultation; Newfront describes 24/7 dashboard access and integrated claims and coverage negotiation. Travelers ERISA fidelity is bought through a Travelers independent agent. Newfront does not name the issuer; Travelers does not publish bond amounts. [2] [4]
What Should You Confirm in Newfront and Travelers Fidelity Bonds Quotes?
- Ask Newfront whether Fidelity and Crime includes an ERISA bond, a crime policy, or both. [2]
- Ask the Travelers agent for the penalty, named plan and covered handlers. [3]
- If Newfront places Travelers, confirm that on the quote. [2] [4]
- Ask Newfront how dashboard certificates would document the bond for a plan audit. [2]