Best Fidelity Bond Firms in USA
Non-sponsored, Expert Verified and Transparently Ranked Fidelity Bond Firms in USA
Executive Summary
We analyzed 5 solutions. Top Recommendation: Business Insurance by Chubb scored highest due to Best for banks, asset managers, broker‑dealers, insurers and ERISA fiduciaries. Chubb’s Financial Institution Bonds complement management/professional liability programs and include tailored protections for computer fraud, fraudulent funds transfer and social‑engineering/impersonation, supported by risk specialists and nearly 500 in‑house risk engineers [1] [2] [3].
At a Glance
Business InsurancebyChubb
Best for: Best for banks, asset managers, broker‑dealers, insurers and ERISA fiduciaries. Chubb’s Financial Institution Bonds complement management/professional liability programs and include tailored protections for computer fraud, fraudulent funds transfer and social‑engineering/impersonation, supported by risk specialists and nearly 500 in‑house risk engineers [1] [2] [3]
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Chubb
Company Information
Chubb is a global insurance company providing a range of insurance products for individuals, families, and businesses in the Benelux region. They offer various insurance solutions, including liability, property, cyber, and life sciences, as well as exclusive car insurance and masterpiece insurance for individuals.
Company Overview
Company Details
Financial Information
Contact Information
Trust & Compliance
Key Value Propositions
- Exceptional service
- Customized coverage
- Award-winning claims satisfaction
Technology Stack
Industries Served
Technical Information
Summary
Chubb's Business Insurance provides comprehensive coverage options for businesses ranging from small startups to large multinational corporations. The offering includes a wide array of products, services, and industry-specific expertise to address evolving risks and ensure business continuity.
Overview
Chubb offers tailored business insurance solutions for companies of all sizes, providing protection for businesses, their employees, and reputations against industry-specific risks. With over 200 years of experience, Chubb leverages risk specialists to find the right coverage for unique business needs.
Best For
Best for banks, asset managers, broker‑dealers, insurers and ERISA fiduciaries. Chubb’s Financial Institution Bonds complement management/professional liability programs and include tailored protections for computer fraud, fraudulent funds transfer and social‑engineering/impersonation, supported by risk specialists and nearly 500 in‑house risk engineers [1] [2] [3]
Key Features
- Customizable insurance products (liability, cyber, property, accident & health, etc.)
- Industry-specific solutions across 30+ industry practices
- Risk engineering and consulting services
- Claims support and business income consultation
- Coverage for businesses of all sizes
- Global reach and multinational capabilities
Key Benefits
- Tailored insurance solutions for unique business needs
- Coverage for a wide range of industry-specific risks
- Access to risk specialists and nearly 500 in-house risk engineers
- World-class claims service with high satisfaction rates
- Financial strength and stability
- Strategic partnership and insights for large and multinational businesses
Who Is It For
- Small businesses (startups to established local businesses)
- Large and multinational businesses
- Businesses across 30+ specialized industries
- Companies seeking tailored risk solutions
Features & Modules
Tailored business insurance solutions
Products, services, industry expertise
Chubb’s expertise spans 30 specialized Industry Practices. Working together, our underwriters, risk and claims professionals tailor industry-specific solutions for each of our clients.
- Explore by industry: 30+ specialized industry practices
- Explore by product: Liability, cyber, property, accident and health
- Explore our services: Risk engineering, claims support, income consultation
Insuring businesses of all sizes
Small businesses at every stage look to Chubb for robust protections, world-class claims service, industry-specific knowledge and coverage options that insure against risks as they grow. Large & multinational businesses rely on Chubb for strategic partnership, insights, premium products and services, stability, financial strength and insurance industry leadership.
- Small businesses: robust protections, claims service, industry knowledge
- Large & multinational businesses: strategic partnership, insights, premium products
Business insurance excellence by the numbers
#1 Commercial lines insurer in the U.S.; 200+ years of experience; $21B claims paid globally (2023); 92% overall claims satisfaction (clients with a paid claim across 2022-2023)
- #1 Commercial lines insurer in the U.S.
- 200+ years of experience
- $21B claims paid globally (2023)
- 92% overall claims satisfaction (2022-2023)
Unique risk solutions across industries
Prepare and prevent with Chubb Risk Consulting
Chubb’s in-house network of nearly 500 risk engineers helps businesses anticipate and minimize costly exposures. The Chubb Risk Engineering Center offers services on fire protection, equipment breakdown, worker safety and more.
- Fire protection
- Equipment breakdown
- Worker safety
- Next generation risk management
Insights & expertise
Learn more about market conditions and risks that affect your industry, leverage tips and strategies for protecting your business and see Chubb’s expertise in action with white papers, articles, and success stories.
- Evolving risks for the middle market
- Insurance costs depend on 4 factors
- Navigating risks in cleanrooms
- Cold weather safety tips for employees
- 4 steps for creating a safer worksite
- When middle markets go multinational
Pricing
Insurance costs depend on factors such as business size, industry, coverage needs, and risk profile. No specific pricing is listed; see resource for more details.
Available In
Compliance
AIG
Company Information
Company Overview
Company Details
Key Value Propositions
- Established history of financial strength
- Wide range of specialized coverage
- Expertise in niche markets
Industries Served
Technical Information
Social Links & Discovery
Target Customers
Summary
Fidelity and crime insurance from Great American Insurance Group covers losses resulting from business-related fraud, such as employee theft/dishonesty, forgery, computer crimes, social engineering, acceptance of counterfeit money, robbery, and other threats. The company offers both standard and specialized crime insurance solutions, including enhancements beyond standard forms, to address unique exposures for businesses of all sizes and industries.
Overview
Since 1995, Great American Insurance Group has been protecting virtually every class of business from crime-related losses with unmatched experience in underwriting and claims. Their Fidelity / Crime insurance provides coverage for loss of money, property, and other assets due to business-related fraud, including employee theft, forgery, computer crimes, social engineering, and more. The offering includes both standard and specialized products tailored to a wide range of industries and business sizes.
Best For
Best for mid‑market to large enterprises and financial institutions needing flexible crime protection. AIG’s CrimeGuard Choice and Financial Institution Bonds cover employee dishonesty, computer fraud and impersonation/social‑engineering, delivered by veteran underwriters and specialized claims teams to navigate complex loss scenarios [1] [2] [3]
Key Features
- Coverage for employee theft/dishonesty
- Coverage for forgery and alteration
- Coverage for computer crimes and social engineering
- Coverage for acceptance of counterfeit money
- Coverage for robbery and other crime threats
- Comprehensive Asset Protection Policy (modern commercial crime policy)
- Specialized products for casinos, gaming, armored car, mining, ATM, security, check cashers, fine art, and more
Key Benefits
- Protection against a wide range of crime-related losses
- Customized solutions tailored to unique business needs
- Coverage enhancements beyond standard forms
- Service-oriented and experienced underwriters
- Large underwriting capacity ($50 million for most entities, $65 million for Kidnap, Ransom & Extortion policy)
- Specialized products for high-risk and niche industries
Who Is It For
- Businesses of any size
- Organizations (small and large)
- Private and public businesses
- Financial institutions
- Governmental entities
- Specialty segments such as casinos, gaming operations, armored car companies, mining risks, ATM companies, security guards, check cashers, fine art institutions (museums, galleries, private collections, libraries, conservators), condominium and homeowners associations
Features & Modules
Fidelity / Crime
Since 1995, we have been protecting virtually every class of business from crime-related losses and continue to have a depth of experience in both underwriting and claims that is unmatched in the marketplace. Discover how our specialization and expertise gives us the ability to offer coverage enhancements beyond standard forms and to intelligently address your unique exposures.
Understanding Commercial Crime Insurance: An Essential Protection for Businesses
Comprehensive Asset Protection Policy
Specialty Crime Insurance Coverage Tailored to Your Needs
We also offer specialized products and programs for the following:
- Casinos and gaming operations
- Condominium and Homeowners Associations
- Armored car companies
- Mining risks
- ATM companies
- Security guards
- Check cashers
- Fine art insurance for museums, galleries, private collections, libraries, and conservators
Why Should You Trust Great American for Your Crime Insurance Needs?
Available In
Travelers
Company Information
Travelers is a leading provider of insurance solutions, offering a wide range of personal and business insurance products to protect individuals, families, and businesses from various risks. With over 160 years of experience, Travelers is committed to helping its customers manage risks and achieve their goals.
Company Overview
Company Details
Financial Information
Contact Information
Trust & Compliance
Key Value Propositions
- Comprehensive insurance solutions
- Expertise in risk management
- Strong customer support
Technology Stack
Industries Served
Technical Information
Social Links & Discovery
Summary
Travelers Surety Bonds help individuals and businesses meet various bonding requirements, including those for construction, court, licensing, and more. The offering is designed to provide financial assurance and risk mitigation for obligations and contracts.
Overview
Travelers offers a wide range of surety bonds for individuals and businesses, providing tailored surety programs to address unique risks and bonding requirements. With over 100 years of experience, Travelers is a leader in the surety industry, known for financial strength and claims-paying ability.
Best For
Best for employers and plan fiduciaries administering ERISA‑covered benefit plans. Travelers offers a dedicated ERISA Fidelity policy and surety expertise, while ERISA Section 412 requires limits tied to plan assets, ensuring straightforward compliance and participant protection [1] [2] [3]
Key Features
- Wide range of bond types (see bond_types)
- Specialized construction underwriters for contract surety
- Expedited Dispute Resolution (EDR) Performance Bond for streamlined claims
- Support for both commercial and contract surety needs
Key Benefits
- Tailored surety programs to meet unique needs
- Proven reliability and financial strength
- Flexible and innovative solutions for complex bonding requirements
- Streamlined claims handling with specialized bond options
Who Is It For
- Individuals seeking specific types of bonds
- Businesses with a variety of bonding requirements
- Small to multinational companies
- Industries such as construction, healthcare, utilities, and more
Features & Modules
Travelers knows surety bonds
Whether you’re an individual seeking a particular type of bond or you run a business with a variety of bonding requirements, Travelers can offer a surety program tailored to your needs.
Surety bonds provided by Travelers
- Bid, Performance and Payment
- Construction Materials Supply
- Court Bonds – Judicial, Fiduciary and Probate
- Custom Bonds
- Depository Bonds
- ERISA Fidelity
- License and Permit
- Lost Instrument
- Miscellaneous
- Notary
- Public Official
- Release of Lien
- Utilities
Why Travelers?
Our reliability is proven. For more than 100 years, Travelers has been a leader in the surety industry. We consistently earn high marks for our financial strength and claims-paying ability.
Related products & solutions
- Commercial surety: Travelers can help both individuals and businesses – ranging from small to multinational companies – with their commercial surety needs.
- Contract surety: Our specialized construction underwriters have deep industry knowledge and an ability to provide flexible, innovative solutions.
Resources
- A Different Kind of Performance Bond: The Expedited Dispute Resolution (EDR) Performance Bond from Travelers takes a new streamlined approach to claims handling and resolution.
- What Is a Surety Bond? Travelers Insurance provides information and a video on how surety bonds work, their cost, and the different types.
Pricing
Information on cost and pricing is available via resources and agent consultation.
The Hartford
Company Information
The Hartford is a leading insurance company that provides a wide range of insurance products and services, including auto, home, business, and employee benefits. The company offers personalized coverage plans to meet the specific needs of its customers, and its insurance solutions are designed to protect individuals and businesses from unexpected events.
Company Overview
Company Details
Financial Information
Contact Information
Trust & Compliance
Key Value Propositions
- Over 200 years of service in the insurance industry
- Exclusive benefits and discounts for AARP members
- Strong customer ratings for claims satisfaction
Technology Stack
Industries Served
Technical Information
Social Proof
Customer Reviews
Social Links & Discovery
Summary
Business insurance, also known as commercial insurance, provides essential protection for business owners against unexpected claims and losses. The Hartford offers a range of coverages tailored to different industries and business needs, helping to keep employees safe and businesses running smoothly.
Overview
Business insurance from The Hartford helps protect business owners from unexpected losses, safeguarding assets, employees, and operations. The Hartford offers personalized coverage options for businesses of all sizes, with a strong reputation for claims service and ethical business practices.
Best For
Best for small to mid‑sized businesses and nonprofits seeking straightforward crime coverage and ERISA bonds with fast digital placement. The Hartford’s 1StepSurety lets agents quote‑to‑bind standalone crime or ERISA bonds end‑to‑end, and its small‑business digital experience is industry‑leading [1] [2] [3]
Key Features
- General Liability Insurance: Covers lawsuits for negligence, bodily injury, property damage, libel, and slander
- Workers’ Compensation Insurance: Covers employee medical bills, rehabilitation, and lost wages due to work-related injuries or illnesses
- Professional Liability Insurance: Protects against claims of negligence in professional services or advice
- Commercial Property Insurance: Protects owned or rented buildings, tools, and equipment
- Commercial Auto Insurance: Covers costs of auto accidents involving business vehicles
- Cyber Insurance: Covers liability and costs related to cyber threats, data privacy, and network security
- Business Owner’s Policy (BOP): Bundles general liability, commercial property, and business income insurance
Key Benefits
- Personalized coverage options for various business types and industries
- Protection against lawsuits, property damage, employee injuries, cyber threats, and more
- Bundling options (e.g., Business Owner’s Policy) for cost savings
- Strong claims experience (4.7/5 star rating)
- Over 200 years of experience and more than 1.3 million small business customers
- Recognized as a World's Most Ethical Companies® honoree
Who Is It For
- Small businesses
- Midsize and large businesses
- Businesses that provide services or advice
- Businesses with employees
- Businesses with property or equipment
- Businesses that use vehicles for work
- Businesses that store sensitive data or run a website
Features & Modules
Business Insurance Coverage in Minutes
Get personalized coverage in just a few clicks. The Hartford has over 200 years of experience, 1.3MM+ small business customers, and is rated #1 Digital Small Business Insurer by Keynova.
- 4.7/5 Star Claims Experience
- 200+ Years Serving Customers
- 1.3MM+ Small Business Customers
- #1 Digital Small Business Insurer
Find the Right Coverage for Your Business
Interactive quiz to help businesses identify needed coverages based on industry, business activities, and location.
- Select industry
- Identify business activities (service, vehicle use, sensitive data, employees, property/equipment)
- Enter business location
Get a Quote for Business Insurance
Choose the Best Types of Business Insurance
What’s the Average Cost of a Business Insurance Policy?
Popular Professions We Cover
Examples of professions and industries covered.
- Photographers
- Landscapers
- Real Estate Agents
- Restaurant Owners
More Industries We Insure
The Hartford Business Insurance: Trusted Experience
Available In
Compliance
- Certain coverages vary by state and may not be available to all businesses.
- All Hartford coverages and services described may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Insurance Group, Inc.
- Coverage and claims are subject to the terms and conditions found in the policy contract.
- Ethisphere recognized The Hartford as one of the World’s Most Ethical Companies® 16 times.
Great American Insurance Group
Company Information
Company Overview
Company Details
Key Value Propositions
- Established history of financial strength
- Wide range of specialized coverage
- Expertise in niche markets
Industries Served
Technical Information
Social Links & Discovery
Target Customers
Summary
Fidelity and crime insurance from Great American Insurance Group covers losses resulting from business-related fraud, such as employee theft/dishonesty, forgery, computer crimes, social engineering, acceptance of counterfeit money, robbery, and other threats. The company offers both standard and specialized crime insurance solutions, including enhancements beyond standard forms, to address unique exposures for businesses of all sizes and industries.
Overview
Since 1995, Great American Insurance Group has been protecting virtually every class of business from crime-related losses with unmatched experience in underwriting and claims. Their Fidelity / Crime insurance provides coverage for loss of money, property, and other assets due to business-related fraud, including employee theft, forgery, computer crimes, social engineering, and more. The offering includes both standard and specialized products tailored to a wide range of industries and business sizes.
Best For
Best for organizations needing monoline crime with high limits, especially casinos, armored‑car/ATM firms and public entities. Great American maintains up to $50M in crime capacity and offers specialty programs for these niches, reflecting deep monoline crime underwriting and claims expertise [1] [2] [3]
Key Features
- Coverage for employee theft/dishonesty
- Coverage for forgery and alteration
- Coverage for computer crimes and social engineering
- Coverage for acceptance of counterfeit money
- Coverage for robbery and other crime threats
- Comprehensive Asset Protection Policy (modern commercial crime policy)
- Specialized products for casinos, gaming, armored car, mining, ATM, security, check cashers, fine art, and more
Key Benefits
- Protection against a wide range of crime-related losses
- Customized solutions tailored to unique business needs
- Coverage enhancements beyond standard forms
- Service-oriented and experienced underwriters
- Large underwriting capacity ($50 million for most entities, $65 million for Kidnap, Ransom & Extortion policy)
- Specialized products for high-risk and niche industries
Who Is It For
- Businesses of any size
- Organizations (small and large)
- Private and public businesses
- Financial institutions
- Governmental entities
- Specialty segments such as casinos, gaming operations, armored car companies, mining risks, ATM companies, security guards, check cashers, fine art institutions (museums, galleries, private collections, libraries, conservators), condominium and homeowners associations
Features & Modules
Fidelity / Crime
Since 1995, we have been protecting virtually every class of business from crime-related losses and continue to have a depth of experience in both underwriting and claims that is unmatched in the marketplace. Discover how our specialization and expertise gives us the ability to offer coverage enhancements beyond standard forms and to intelligently address your unique exposures.
Understanding Commercial Crime Insurance: An Essential Protection for Businesses
Comprehensive Asset Protection Policy
Specialty Crime Insurance Coverage Tailored to Your Needs
We also offer specialized products and programs for the following:
- Casinos and gaming operations
- Condominium and Homeowners Associations
- Armored car companies
- Mining risks
- ATM companies
- Security guards
- Check cashers
- Fine art insurance for museums, galleries, private collections, libraries, and conservators
Why Should You Trust Great American for Your Crime Insurance Needs?
Available In
Data Quality & Transparency
Our Ranking Methodology
How we rank these offerings
We ranked these Fidelity Bond Firms in USA based on three key factors: Coverage Customization (40% weight), Claims Support Efficiency (35% weight), and Financial Institution Expertise (25% weight). AIG scored highest because of its robust coverage options with modular designs and well-coordinated claims process that provide efficient resolutions. Chubb was close behind with strong customization and excellent claims support, but slightly less specialization in financial institution bonds compared to AIG.
Ranking Criteria Weights:
Highly tailored coverage is crucial for addressing unique risks associated with fidelity bonds.
Efficient claims support is critical for minimizing downtime and ensuring quick recovery from financial losses.
Expertise in financial institutions ensures the firm can provide specialized coverage and understand industry-specific risks.
Frequently Asked Questions
- What are the typical costs and pricing models for fidelity bonds in the USA?
- Fidelity bond costs can vary significantly based on the coverage amount, the size of the organization, and the specific risks being insured against. For instance, AIG's customizable policies allow for tailored pricing, which can range from a few hundred to several thousand dollars annually, reflecting the organization-specific risk factors such as employee count and prior claims history. Chubb offers comprehensive coverage that may include social engineering protection, impacting cost due to its growing relevance. The pricing of ERISA fidelity bonds, like those offered by Travelers, often follows industry standards, with premiums starting as low as a fraction of the bonded amount, complying with ERISA's requirement of covering 10% of plan assets.
- What are key selection criteria and considerations when choosing a fidelity bond provider?
- Choosing a fidelity bond provider requires careful evaluation of the provider's experience in underwriting and the robustness of their claims processing. Companies like AIG and The Hartford are noted for specialized underwriting and dedicated claims teams, which can expedite resolution and provide critical guidance. Assessing the range of coverage options, such as the inclusion of modern risks like social engineering and computer fraud, is crucial, as demonstrated by Chubb's Financial Institution Bonds. Additionally, digital capabilities, such as Hartford's 1StepSurety platform for ERISA bonds, streamline the policy management process, which is an important consideration.
- What industry standards and compliance requirements should be considered for fidelity bonds?
- Industry standards for fidelity bonds emphasize compliance with federal regulations such as the Employee Retirement Income Security Act (ERISA), which mandates certain coverage levels for employee benefit plans. Travelers’ ERISA Fidelity Bond is specifically designed to meet these requirements by protecting plan assets against fraud or dishonesty. Furthermore, organizations must ensure that their bonds cover evolving risk categories, such as the social engineering coverage offered by Chubb and AIG. Compliance reviews often necessitate that insureds maintain documentation of losses and risk management policies that align with underwriting standards and regulatory expectations.
- What implementation challenges might organizations face with fidelity bonds and how can these be addressed?
- Implementing fidelity bonds can present challenges such as accurately assessing the risk environment and ensuring adequate coverage limits. For instance, understanding and quantifying exposure to employee theft and cyber fraud is essential, and firms like Great American offer tailored coverage to address these concerns. Ensuring quick quoting and binding through digital platforms, as provided by The Hartford's 1StepSurety, overcomes logistical barriers. Organizations should leverage consultative services offered by providers like AIG to align coverage with internal risk management strategies effectively.
- How can organizations measure the ROI and value delivery of fidelity bonds?
- The ROI of fidelity bonds can be measured by evaluating the financial protection they provide against potential losses and the cost-effectiveness of risk transfer versus self-insurance. Providers like Chubb and AIG enhance value by offering specialized coverage for high-risk areas like computer fraud, potentially averting substantial financial losses. The comprehensive risk assessment and claims support further ensure that organizations can quickly recover and continue operations post-incident, which underscores the practical value delivery. Additionally, policies like Great American's Comprehensive Asset Protection help ensure compliance with legal obligations, adding indirect financial value by safeguarding against regulatory fines.
Our Promise: We promise to deliver the highest quality company and offering data, free from sponsored bias. We compile data from across the internet, to give the most accurate and true rankings, according to our transparent algorithms.
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