AIG vs Coverdash: Commercial Crime Insurance

Coverdash is a broker with a fully digital quote-to-purchase process for any business that handles money, payroll or valuable inventory; AIG markets crime insurance for commercial and governmental entities and describes a dedicated underwriting team.

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

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 ↗

Coverdash

  • role: Coverdash arranges commercial crime coverage as a broker rather than an insurer, placing coverage with a carrier under its standard brokerage terms. General brokerage terms applied to the crime page; not specific to any one carrier or state.company-reportedSource ↗Source ↗
  • insurer: The commercial crime page does not name the insurer that issues the policy. Reviewed commercial crime page as of 2026-09-23; the page describes coverage without naming a specific carrier.not-disclosedSource ↗
  • coverage: Coverdash describes commercial crime coverage as protecting against employee theft of money, property or assets, forged checks and counterfeit currency, fraudulent funds-transfer instructions, and losses when an employee is tricked by social engineering into sending funds to a bad actor. Product-page coverage cards; the issued policy and declarations control actual wording, limits and exclusions.company-reportedSource ↗
  • coverage: Coverdash's coverage hub lists commercial crime separately from cyber insurance, even though both can respond to funds-transfer fraud and social-engineering losses; the two pages do not state how overlapping claims are coordinated between policies. Comparison of the cyber and crime-coverage product pages; overlap-resolution language was not found on either page.not-foundSource ↗
  • eligibility: Coverdash markets commercial crime coverage to any business that handles money, payroll or valuable inventory. Product-page eligibility description; actual acceptance depends on underwriting.company-reportedSource ↗
  • limits: The commercial crime page does not publish specific limit, retention or deductible amounts. Reviewed commercial crime page as of 2026-09-23; figures are quote-specific and not shown on the public product page.not-disclosedSource ↗
  • application: Coverdash describes a fully digital quote-to-purchase process for commercial crime coverage, with the option to add other coverages alongside it. Product-page company information and cross-sell section.company-reportedSource ↗

What Are the Key Differences Between AIG and Coverdash Crime Insurance?

Risk-bearing policy and brokerage placement

AIG presents crime as an insurance product for commercial and government entities and links a CrimeGuard Choice sample form; Coverdash arranges coverage with a carrier as a broker. Ask Coverdash to identify the carrier and compare its offered wording with the AIG form before treating the two routes as equivalent. [1] [6]

Scope of listed crime losses

AIG's overview names loss of money, securities and other assets, including computer fraud, while Coverdash specifically lists employee theft, forged checks, counterfeit currency, fraudulent transfers and social engineering. If a loss begins with an employee being deceived into sending funds, ask each quote to show the applicable insuring agreement and conditions. [1] [4]

What Should You Confirm in AIG and Coverdash Crime Insurance Quotes?

  • For AIG, ask for the exact policy form, covered-event schedule and limits relevant to the differences above. [1]
  • For Coverdash, ask which carrier, endorsements and application route apply to the quoted placement, and confirm the specific terms above. [6]

AIG presents crime as an insurance product for commercial and government entities and links a CrimeGuard Choice sample form; Coverdash arranges coverage with a carrier as a broker.

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
    Commercial Insurance Guide

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

  3. 03
    Social Engineering Fraud Insurance

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

  4. 04
    Commercial Crime Insurance

    Coverdash · Product introduction; Types of Coverage cards for Employee theft, Forgery and fraud, Funds transfer fraud, Social engineering; Who It's For · accessed 2026-09-23

  5. 05
    Coverage Hub

    Coverdash · Cyber & Crime category listing Cyber Insurance, Crime Coverage and Kidnap & Ransom · accessed 2026-09-23

  6. 06
    Terms And Conditions

    Coverdash · "Coverdash does not provide any underwriting services"; broker/agent of record designation · accessed 2026-09-23

  7. 07
    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

  8. 08
    Crime Non-Financial Applications and Forms

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

  9. 09
    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

Contact Van Ness Partners to discuss controls, exposures and insurance options.

Contact Van Ness Partners