AIG vs Berkshire Hathaway Specialty Insurance: Commercial Crime Insurance

AIG offers crime cover for commercial and governmental entities; Berkshire Hathaway Specialty Insurance includes crime in a portfolio form with D&O and employment cover for private companies with at least $10 million in revenue.

Van Ness Partners presents a practical comparison of source materials relevant to financial crime exposures.Research updated 2026-09-30

What Are the Key Differences Between AIG and Berkshire Hathaway Specialty Insurance Crime Insurance?

AIG describes crime insurance; Berkshire Hathaway Specialty Insurance includes Crime in a private-company portfolio form.

AIG markets crime insurance that can address loss of money, securities, and other assets from dishonesty, theft, or fraud. Berkshire Hathaway Specialty Insurance names Commercial Crime as one part of its Executive First Private Company Portfolio, which also combines D&O, EPL, fiduciary, and employed-lawyer coverage. The portfolio is aimed at private companies with at least $10 million in revenue. Buyers seeking only crime should ask whether a separate option exists. [1] [2]

AIG describes a crime product for commercial and governmental entities. BHSI places Commercial Crime inside a portfolio for private companies with $10 million or more in revenue.

Portfolio limits and crime-specific terms [1] [2]

What Should You Confirm in AIG and Berkshire Hathaway Specialty Insurance Crime Insurance Quotes?

  • AIG identifies a dedicated crime underwriting team and experienced claims professionals. BHSI advertises shared or separate portfolio limits up to $50 million, but that is a portfolio-level figure and does not state the crime part’s sublimit. The structures differ: ask AIG for the crime limit on its own quote and ask BHSI how shared limits would be allocated among portfolio coverages after a claim. [1]
  • Ask AIG for its crime-specific limit, sublimits, and retention. [2]

AIG describes a crime product for commercial and governmental entities. BHSI places Commercial Crime inside a portfolio for private companies with $10 million or more in revenue.

Sources consulted

  1. 01
    Crime and Fidelity Insurance

    AIG · Official AIG page, lines 242–270 and 353–354: crime-loss examples, commercial/government entity audience, CrimeGuard Choice sample policy/application, and policy/state availability caveat. · accessed 2026-09-30

  2. 02
    Executive First Private Company Portfolio

    Berkshire Hathaway Specialty Insurance · Product Highlights, lines 11–15: D&O, EPL, fiduciary, Commercial Crime and Employed Lawyers in one comprehensive form; shared or separate limits up to $50 million; EPL First HR resources and attorney helpline. Top Targets, lines 16–25: private companies with at least $10 million revenue and listed industries. Reopened 2026-09-30. · accessed 2026-09-30

  3. 03
    Commercial Insurance Guide

    California Department of Insurance · Crime · accessed 2026-09-16

  4. 04
    Social Engineering Fraud Insurance

    Chubb · Opening; coverage highlights · accessed 2026-09-16

  5. 05
    Crime Terms and Conditions

    The Travelers Companies, Inc. · I.A–G, printed/PDF pages 1–4; III.RR, printed/PDF p.13; V.B.1–2, printed/PDF pp.18–20; Consideration, printed/PDF p.1; III.P p.8; V.A.3 pp.16–17; V.A.4 p.17; V.B.3 p.20; I.A.3 p.1; III.C p.7; III.S pp.8–9; III.II and III.KK p.12; III.QQ p.13; V.A.5 pp.17–18 (printed/PDF pages); IV.J–O, printed/PDF pages 14–15 · accessed 2026-09-16

  6. 06
    Crime Non-Financial Applications and Forms

    Travelers · Opening paragraph; Sample Policy Forms · accessed 2026-09-16

  7. 07
    Commercial Crime Coverage Application

    Travelers Casualty and Surety Company of America · I–III pages 1–2; IX–XI pages 3–4; V–VII, printed/PDF pages 2–3 · accessed 2026-09-16

Crime coverage

AIG

  • role: AIG markets crime insurance as a risk-bearing insurance product for commercial and governmental entities, separate from its financial-institution bond offering. The policy issuer is not named for a particular buyer. Role in this product is limited to the description on the linked AIG source.company-reportedSource ↗
  • eligibility: AIG says its crime insurance is available for commercial and governmental entities. Financial-institution bonds are described separately for banks, non-bank lenders, asset managers and insurance companies. Audience is the segment AIG names on the linked source; this is not an underwriting decision, quote or guarantee of availability.company-reportedSource ↗
  • coverage: AIG describes potential crime coverage for loss of money, securities and other assets from dishonesty, theft or fraud, including computer fraud. AIG links a CrimeGuard Choice sample policy; actual terms and state availability vary. AIG’s public product description is not the policy. Actual entitlement depends on the applicable issued form, endorsements and declarations.company-reportedSource ↗
  • services: AIG identifies a dedicated underwriting team and experienced claims professionals for its Crime and Fidelity business. The page does not promise claim outcomes or specify account-level service terms. The linked page describes company-reported support; specific account services and third-party arrangements must be confirmed.company-reportedSource ↗
  • limits: The reviewed page and linked product overview do not state a standard buyer-specific limit, retention or deductible. Confirm those in the quote and issued policy. This statement reports only what the linked public source discloses and does not substitute for a quote or issued policy.not-disclosedSource ↗

Berkshire Hathaway Specialty Insurance

  • role: BHSI describes Executive First Private Company Portfolio as one comprehensive form combining D&O, EPL, fiduciary, Commercial Crime and employed-lawyer insurance. Portfolio marketing establishes a listed product structure, not a buyer’s entitlement or standalone availability.company-reportedSource ↗
  • eligibility: BHSI identifies private companies with at least $10 million in revenue among the portfolio’s target accounts. Portfolio-level target, not a guarantee that a particular applicant qualifies for the crime component.company-reportedSource ↗
  • limits: The portfolio page advertises shared or separate limits up to $50 million. This is a portfolio-wide figure, not a crime-specific limit; the page does not say how limits would be allocated on a specific policy.company-reportedSource ↗
  • coverage: The portfolio page specifically names Commercial Crime as one component of the comprehensive form. The page names the line but does not state its insuring agreements, coverage triggers or relationship to fidelity bonds.company-reportedSource ↗

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