What Are the Key Differences Between Beazley and Counterpart Crime Insurance?
Published Capacity and Scenarios
Beazley’s product page, read on 2026-09-23, lists a headline limit of up to US $25 million but does not split that figure between Commercial Crime and Financial Fidelity Bonds. Counterpart’s page names employee theft, forgery, computer or system fraud, funds-transfer fraud, and social engineering. Treat Beazley’s number as a published headline, not current capacity for a particular risk, and request the limit and agreement sublimits available in each quote. [1] [5]
Application and Payment Controls
Beazley lists standalone Crime and Social Engineering application forms. Its page says the out-of-band authentication condition for fraudulent payment instructions may be removed for insureds with documented controls and response plans, subject to additional premium. Counterpart lists social engineering among its examples but does not describe a comparable control condition; its program is accessed through wholesale brokers. Buyers should ask how their wire-change controls affect the quoted agreement and what documentation is required. [1] [5] [4]