Beazley vs Coalition: Commercial Crime Insurance

Beazley underwrites commercial crime for commercial companies, advertising limits up to $25 million; Coalition sells crime to private and nonprofit U.S. organizations only through appointed brokers, saying limits up to $10 million per line may be available.

Van Ness Partners presents a practical comparison of source materials relevant to financial crime exposures.Research updated 2026-09-29

What Are the Key Differences Between Beazley and Coalition Crime Insurance?

Limit Headroom and Company Size

Beazley underwrites Commercial Crime itself and advertises limits up to US $25,000,000, with no published size cap for commercial companies. [1] Coalition says crime limits up to $10 million per line may be available, and only for private and nonprofit U.S. organizations with up to 1,000 employees, $500 million in assets and $500 million in plan assets. [4] Choose Beazley if you need more than $10 million of crime cover or exceed Coalition's size caps; choose Coalition if you fit those caps and want crime bought alongside D&O, employment practices and fiduciary cover in one Executive Risks suite.

Wire-Fraud and Social-Engineering Cover

Beazley lists employee theft, forgery, in-transit loss, computer fraud, client-property loss and a fraudulent-instruction agreement for wires sent to impostors. That wire-fraud cover requires you to verify payment instructions out of band, though Beazley says it can drop the condition for an extra premium if you document your controls. [1] Coalition only describes crime as covering theft, fraud and certain cybercrimes, subject to exclusions, so you learn the social-engineering terms from the quote. [4]

How You Apply

Beazley publishes separate Crime and Social Engineering applications and says its underwriting and claims staff for the line work side by side. [1] Coalition sells crime only through appointed brokers, so you need a broker with a Coalition appointment. [4] Coalition's policy may be issued by Zurich American or by an unaffiliated insurer, depending on how it is placed. [5]

What Should You Confirm in Beazley and Coalition Crime Insurance Quotes?

  • Ask Beazley whether your quote keeps the out-of-band authentication condition on wire-fraud cover, and what it costs to remove. [1]
  • Ask Coalition for the social-engineering sublimit and which cybercrime losses the crime policy excludes. [4]
  • Get retentions from both; neither publishes them. [1] [4]
  • Ask Coalition which insurer will issue your policy, Zurich American or an unaffiliated insurer. [5]

Beazley advertises crime limits up to $25 million, while Coalition offers up to $10 million per line through its Executive Risks suite for private and nonprofit U.S. organizations with up to 1,000 employees and $500 million in assets.

Sources consulted

  1. 01
    Crime and Fidelity

    Beazley · What we offer: Commercial Crime for commercial companies; fraudulent-instruction/social-engineering insuring agreement and out-of-band authentication condition; Limits up to US $25,000,000; How can we help; Tools & Resources application forms · accessed 2026-09-23

  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
    Executive Risks

    Coalition · Product Offering: Crime — covers losses that result from various criminal activities, including theft, fraud, and certain cybercrimes* (exclusions and limitations apply; see disclaimers and the policy as issued); FAQ: What type of businesses do you protect?, What limits do you offer?, What resources do you have for policyholders? · accessed 2026-09-23

  5. 05
    U.S. Disclaimers

    Coalition · Admitted Executive Risk: insurance products offered by Coalition Insurance Solutions, Inc. acting on behalf of unaffiliated insurance companies and, on an admitted basis, on behalf of Zurich American Insurance Company (NAIC # 16535) · accessed 2026-09-23

  6. 06
    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

  7. 07
    Crime Non-Financial Applications and Forms

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

  8. 08
    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

Beazley

  • role: Beazley underwrites Commercial Crime insurance for commercial companies. The same product page separately describes Financial Fidelity Bonds, a related but distinct product line for financial institutions. Crime and Fidelity product page; distinguishes the commercial-company product from the financial-institution fidelity bond described on the same page.company-reportedSource ↗
  • eligibility: Beazley markets Commercial Crime to ordinary commercial companies, not to banks or other financial institutions, which it addresses separately through Financial Fidelity Bonds. Product page target-customer language; no industry list or size threshold is published.company-reportedSource ↗
  • coverage: Beazley says Commercial Crime protects an organization from loss of money and securities caused by theft by its own employees, plus third-party-related losses such as forgery or alteration, on-premises and in-transit loss, money-order and counterfeit-currency fraud, computer fraud, client-property loss, credit-card fraud and related expense coverage. Product-page description of insuring agreements; exclusions, conditions and available sub-limits appear only in the issued policy.company-reportedSource ↗
  • coverage: Beazley says its Commercial Crime policy includes a fraudulent-instruction (social-engineering) insuring agreement covering losses from wire transfers made on instructions from someone posing as a vendor, client or authorized employee, and that this cover is conditioned on out-of-band authentication of payment instructions. Product-page description; Beazley says the out-of-band-authentication condition can be removed for insureds with documented controls and response plans, subject to an additional premium.company-reportedSource ↗
  • limits: Beazley advertises Commercial Crime limits of up to US $25,000,000. The page does not publish retentions, sub-limits by insuring agreement, or a minimum limit. Product-page headline limit figure; the page does not split the figure between Commercial Crime and Financial Fidelity Bonds.company-reportedSource ↗
  • services: Beazley says its underwriting and claims professionals for this line work side by side so that, when a claim arises, the original underwriting intent of the policy is respected. Company-stated internal process description; no independent claims-handling outcome data is provided.company-reportedSource ↗
  • application: Beazley lists a standalone Crime application, a Massachusetts-specific Crime application and a separate Social Engineering application among its Tools & Resources, distinct from the Financial Fidelity Bond application forms on the same page. Tools & Resources section of the product page; the page does not describe an online quote or self-service purchase flow.company-reportedSource ↗
  • claims: The product page links to Beazley's general claim-notification channel for this line. It does not disclose a claims response-time commitment or a dedicated claims-handling process specific to Commercial Crime. Product page "Notify a Claim" link as read on 2026-09-23; response times were not found.not-disclosedSource ↗

Coalition

  • role: Coalition designs and distributes crime insurance as one of four coverages in its Executive Risks product suite, sold through appointed brokers. Executive Risks product page as read on 2026-09-23.company-reportedSource ↗
  • coverage: Coalition says its crime coverage responds to losses from criminal activities including theft, fraud, and certain cybercrimes, flagged on the page as subject to exclusions and limitations. Executive Risks product page as read on 2026-09-23; the issued policy controls which cybercrime scenarios are actually covered.company-reportedSource ↗
  • eligibility: Coalition says Executive Risks products, including crime, are available to private and not-for-profit U.S. organizations in all 50 states and Washington, D.C., with up to $500 million in assets, up to 1,000 employees, and up to $500 million in plan assets. Executive Risks FAQ as read on 2026-09-23.company-reportedSource ↗
  • limits: Coalition says limits up to $10 million per coverage line may be available for Executive Risks products, including crime, subject to exclusions and limitations. Executive Risks FAQ as read on 2026-09-23; not a quoted or bindable limit for any specific applicant.company-reportedSource ↗
  • insurer: Coalition's disclaimer names Zurich American Insurance Company (NAIC 16535) as the admitted carrier for Executive Risks, and says Coalition Insurance Solutions, Inc. also places Executive Risks with unaffiliated insurers on a non-admitted basis, so the carrier for a specific crime policy depends on the placement route. U.S. Disclaimers page as read on 2026-09-23.company-reportedSource ↗
  • application: Coalition distributes Executive Risks, including crime, only through appointed insurance brokers rather than direct to buyers. Executive Risks product page as read on 2026-09-23.company-reportedSource ↗

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