What Are the Key Differences Between Beazley and CFC Crime Insurance?
Standalone Commercial Crime Versus a Package Module
Beazley offers Commercial Crime as a standalone product; CFC includes crime in its US Management Liability package and separately describes employee infidelity and third-party fraud in a fintech package. Choose Beazley if you need a standalone quote; choose CFC if its package fits and you want combined management-liability coverage. [1] [6] [4]
Limits You Can See in Public Materials
Beazley advertises Commercial Crime limits of up to US $25,000,000 without publishing retentions or per-agreement sublimits. CFC’s brochure does not publish a dollar limit, sublimit or retention for crime; those figures appear only on the quote and declarations. [1] [6]
Appetite and Social Engineering
Beazley markets Commercial Crime to ordinary commercial companies, not banks. CFC’s brochure lists California-domiciled business and US publicly traded companies among risks it declines for the package that carries this crime coverage. Beazley says fraudulent-instruction (social-engineering) cover is included, conditioned on out-of-band authentication of payment instructions. CFC’s brochure describes company crime including employee theft, funds-transfer fraud, and credit-card and currency fraud, plus client crime and on- or off-premises theft, without that out-of-band condition on the reviewed pages. [1] [6]
Applications and Claims
Beazley lists a standalone Crime application, a Massachusetts-specific Crime application and a separate Social Engineering application among Tools & Resources. CFC provides a US claim-notification route by phone, email and online form and says a dedicated claims adjuster manages a claim from notification through resolution. Beazley’s product page links to a general claim-notification channel and does not disclose a crime-specific response-time commitment. CFC’s regulatory page does not name the carrier or syndicate that would issue a given US crime policy. [1] [3] [7]
What Should You Confirm in Beazley and CFC Crime Insurance Quotes?
- Ask CFC whether crime is inside the management package or the fintech package, and whether California domicile or public-company status blocks the quote. [6] [4]
- Ask Beazley for the bound limit versus the advertised $25 million maximum and whether the Social Engineering application applies. [1]
- Get CFC’s issuing syndicate or carrier for the US policy. [7]