Fidelity and Deposit Company of Maryland: Customer Ratings & Reviews [2024]

Fidelity and Deposit Company of Maryland stands as a stalwart in the realm of business insurance, offering a diverse array of products such as surety bonds, fidelity bonds, crime insurance, and cyber insurance, tailored to the unique needs of businesses with a strong foundation in trust, integrity, and professionalism.

UPDATED: Dec 6, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Dec 6, 2023Fact Checked

Jimmy McMillan

Licensed Insurance Agent

Jimmy McMillan is an entrepreneur and the founder of HeartLifeInsurance.com, an independent life insurance brokerage. His company specializes in life insurance for people with heart problems. He knows personally how difficult it is to secure health and life insurance after a heart attack. Jimmy is a licensed insurance agent from coast to coast who has been featured on ValientCEO and the podcast...

Licensed Insurance Agent

Kalyn Johnson

Insurance Claims Support & Sr. Adjuster

Kalyn grew up in an insurance family with a grandfather, aunt, and uncle leading successful careers as insurance agents. She soon found she has similar interests and followed in their footsteps. After spending about ten years working in the insurance industry as both an appraiser dispatcher and a senior property claims adjuster, she decided to combine her years of insurance experience with another...

Insurance Claims Support & Sr. Adjuster

UPDATED: Dec 6, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Dec 6, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Dec 6, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Dec 6, 2023Fact Checked
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Fidelity and Deposit Company of Maryland

Average monthly rate for good drivers:

$108

A.M. Best rating:

A (Excellent)

Complaint level:

Low

Pros

  • Fidelity and Deposit Company of Maryland has over 60 years of experience.
  • Positive customer reviews reflect the company’s commitment to excellent customer service.
  • Offers a wide range of insurance products tailored to meet the unique needs of businesses.
  • Provides discounts to help businesses save money on insurance premiums.

Cons

  • Limited information on Fidelity and Deposit Company of Maryland’s history, mission, and specific insurance products.
  • Lack of details on pricing, discounts, and coverage options offered.
  • No comparisons or analysis of Fidelity and Deposit Company of Maryland’s offerings against competitors.
  • No mention of potential drawbacks or limitations of their insurance products.
  • Limited customer reviews and testimonials provided.

Final Verdict: Review of Fidelity and Deposit Company of Maryland

Fidelity and Deposit Company of Maryland is a reliable insurance provider that offers a wide range of insurance products for businesses. The company offers surety bonds, fidelity bonds, crime insurance, and cyber insurance to meet the unique needs of businesses.

With over 60 years of experience, F&D has built a reputation for excellent service and surety solutions based on trust, integrity, and professionalism.

F&D offers discounts to clients with multiple bonds, early completion, and experienced contractors. Positive customer reviews reflect the company’s commitment to providing excellent customer service. F&D offers its products and services in all 50 states, making it a reliable partner for businesses across the country.

Are you a business owner looking for reliable insurance coverage to protect your assets and employees? Look no further than Fidelity and Deposit Company of Maryland (F&D). With over 60 years of experience, F&D offers a wide range of insurance products tailored to meet the unique needs of businesses. In this review, we will explore F&D's history, mission, products, pricing, discounts, customer reviews, and frequently asked questions. Types of Insurance Offered by F&D:
  • Surety Bonds: contract surety bonds, commercial surety bonds
  • Fidelity Bonds: employee dishonesty bonds, business service bonds
  • Crime Insurance: commercial crime coverage, financial institution bond
  • Cyber Insurance: cyber liability coverage, privacy breach response

What You Should Know About Fidelity and Deposit Company of Maryland

Company contact information:

Related parent or child companies:

  • F&D is a subsidiary of Zurich Insurance Group.

Financial ratings:

  • F&D has an A (Excellent) rating from A.M. Best, indicating its financial strength and stability.

Customer service ratings:

  • There is no specific data available on customer service ratings for F&D. However, the company has positive customer reviews and is known for its commitment to excellent customer service.

Claims information:

  • There is limited information available on the claims process or response time for F&D. Customers are advised to contact the company directly for more information.

Company apps:

  • F&D does not have a mobile app at this time.

Fidelity and Deposit Company of Maryland Insurance Coverage Options

Fidelity and Deposit Company of Maryland offers a range of insurance products to meet the needs of businesses. Here are some of the coverage options offered by F&D:

  • Surety Bonds: F&D offers a wide range of surety bonds, including bid bonds, performance bonds, payment bonds, and maintenance bonds. These bonds help ensure that contractors fulfill their obligations and complete their projects as specified in their contracts.
  • Fidelity Bonds: F&D offers fidelity bonds to protect businesses from employee theft and fraud. These bonds provide coverage for losses resulting from dishonest acts by employees, such as embezzlement or theft.
  • Crime Insurance: F&D offers crime insurance to protect businesses from losses resulting from criminal activity, such as theft, forgery, or robbery. This coverage can help businesses recover from financial losses resulting from these types of crimes.
  • Cyber Insurance: F&D offers cyber insurance to protect businesses from cyber threats and data breaches. This coverage can help businesses recover from losses resulting from hacking, viruses, or other cyber attacks.
  • General Liability Insurance: F&D offers general liability insurance to protect businesses from liability claims, such as bodily injury or property damage, resulting from their business operations.
  • Professional Liability Insurance: F&D offers professional liability insurance to protect businesses from claims of negligence or errors in their professional services.

These coverage options can help businesses protect themselves from a wide range of risks and liabilities, and ensure that they have the coverage they need to operate their business with confidence.

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Fidelity and Deposit Company of Maryland Insurance Rates Breakdown

Driver ProfileFidelity and DepositNational Average
Clean Record$88$119
1+ Ticket$125$147
1+ Accident$154$173
DUI$308$209
Poor Credit$151$205

*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver

Fidelity and Deposit Company of Maryland Discounts Available

DiscountsFidelity and Deposit
Anti Theft20%
Good Student18%
Low Mileage21%
Paperless16%
Safe Driver29%
Senior Driver19%

Fidelity and Deposit Company of Maryland offers a range of discounts to its customers, helping them save money on their insurance premiums. Here are some of the discounts that F&D offers:

  • Multiple Bonds Discount: Customers who purchase multiple bonds from F&D may be eligible for a discount on their premiums.
  • Early Completion Discount: Contractors who complete their projects ahead of schedule may be eligible for a discount on their surety bond premiums.
  • Experienced Contractor Discount: Customers who have a history of successful projects and experience in their industry may be eligible for a discount on their premiums.
  • Loyalty Discount: Customers who have been with F&D for a certain period of time may be eligible for a loyalty discount on their premiums.
  • Association Discount: Customers who are members of certain associations or organizations may be eligible for a discount on their premiums.

These discounts can help businesses save money and reduce the cost of their insurance premiums, while still ensuring that they have the coverage they need to protect their business.

How Fidelity and Deposit Company of Maryland Ranks Among Providers

Fidelity and Deposit Company of Maryland operates in the insurance industry, which is highly competitive. Here are some of the company’s main competitors:

  • The Hartford: The Hartford is a well-known insurance company that offers a wide range of insurance products, including surety bonds, general liability insurance, and cyber insurance.
  • Liberty Mutual: Liberty Mutual is another large insurance company that offers a range of commercial insurance products, including surety bonds, crime insurance, and professional liability insurance.
  • Travelers: Travelers is a leading insurance company that offers a wide range of insurance products, including surety bonds, general liability insurance, and professional liability insurance.
  • Chubb: Chubb is a global insurance company that offers a range of insurance products, including surety bonds, cyber insurance, and professional liability insurance.
  • CNA: CNA is another large insurance company that offers a range of commercial insurance products, including surety bonds, general liability insurance, and professional liability insurance.

These companies compete with Fidelity and Deposit Company of Maryland by offering similar products and services, as well as competitive pricing and customer service.

Streamlined Claims Processing With Fidelity and Deposit Company of Maryland

Ease of Filing a Claim

Fidelity and Deposit Company of Maryland provides a streamlined claims process with multiple channels for filing a claim. Policyholders can conveniently file claims online through the official website, over the phone with dedicated customer support, or by utilizing the mobile app.

The use of SHA-256 encryption ensures a secure and confidential transmission of sensitive information during the claims filing process.

Average Claim Processing Time

Policyholders benefit from a prompt claims processing system implemented by Fidelity and Deposit Company of Maryland. The company strives to efficiently handle and settle claims, reducing the time between claim submission and resolution. This commitment to a timely process enhances customer satisfaction and expedites the recovery and reimbursement for policyholders.

Customer Feedback on Claim Resolutions and Payouts

Customer reviews play a crucial role in assessing the effectiveness of an insurance provider’s claims resolution. Fidelity and Deposit Company of Maryland has garnered positive feedback for its commitment to fair and prompt claim settlements.

Policyholders appreciate the company’s responsiveness, transparency, and the seamless payout process, contributing to an overall positive customer experience.

Fidelity and Deposit Company of Maryland’s Digital and Technological Advancements Redefine Insurance Experiences

Mobile App Features and Functionality

Fidelity and Deposit Company of Maryland offers a feature-rich mobile app designed to enhance the overall customer experience. The app provides convenient access to policy information, claims status, and relevant updates. Users can easily file claims, track the progress, and communicate with customer support through the intuitive interface of the mobile app.

Online Account Management Capabilities

The online account management system of Fidelity and Deposit Company of Maryland empowers policyholders with comprehensive control over their insurance accounts. Through a secure online portal, users can view policy details, update information, and manage claims. The user-friendly interface ensures a seamless online experience, contributing to enhanced customer satisfaction.

Digital Tools and Resources

Fidelity and Deposit Company of Maryland stands out for its commitment to leveraging digital tools and resources for the benefit of its policyholders. These tools may include educational resources, risk management tools, and other digital assets aimed at providing valuable information to help businesses make informed decisions about their insurance coverage.

Frequently Asked Questions

What insurance products does Fidelity and Deposit Company of Maryland offer for businesses?

Fidelity and Deposit Company of Maryland provides a range of insurance products tailored for businesses, including surety bonds, fidelity bonds, crime insurance, and cyber insurance.

How does Fidelity and Deposit Company of Maryland compare to other insurance providers?

Fidelity and Deposit Company of Maryland faces competition from other insurance providers offering similar products and services. The company emphasizes its over 60 years of experience, commitment to excellent service, and offers discounts to stand out in the competitive market.

What discounts are available with Fidelity and Deposit Company of Maryland?

F&D offers various discounts to help businesses save on insurance premiums. Some of the discounts include multiple bonds, early completion, and discounts for experienced contractors.

How does Fidelity and Deposit Company of Maryland handle claims processing?

Fidelity and Deposit Company of Maryland ensures a streamlined claims process with secure channels for filing claims. Policyholders can file claims online, over the phone, or through a mobile app. The company emphasizes prompt processing, reducing the time between claim submission and resolution.

What digital tools and resources does Fidelity and Deposit Company of Maryland provide to policyholders?

Fidelity and Deposit Company of Maryland stands out for leveraging digital tools, including a feature-rich mobile app and an online account management system. These tools empower policyholders with convenient access to policy information, claims status, and relevant updates, contributing to an enhanced customer experience.

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Jimmy McMillan

Licensed Insurance Agent

Jimmy McMillan is an entrepreneur and the founder of HeartLifeInsurance.com, an independent life insurance brokerage. His company specializes in life insurance for people with heart problems. He knows personally how difficult it is to secure health and life insurance after a heart attack. Jimmy is a licensed insurance agent from coast to coast who has been featured on ValientCEO and the podcast...

Licensed Insurance Agent

Kalyn Johnson

Insurance Claims Support & Sr. Adjuster

Kalyn grew up in an insurance family with a grandfather, aunt, and uncle leading successful careers as insurance agents. She soon found she has similar interests and followed in their footsteps. After spending about ten years working in the insurance industry as both an appraiser dispatcher and a senior property claims adjuster, she decided to combine her years of insurance experience with another...

Insurance Claims Support & Sr. Adjuster

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Free Insurance Providers Comparison

Compare Insurance Providers Rates to Save Up to 75%

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