What Are the Key Differences Between Beazley and Foxquilt Crime Insurance?
Beazley’s Crime and Fidelity page advertises a headline limit up to $25 million but does not split the figure between Commercial Crime and Financial Fidelity Bonds. It lists employee theft, computer fraud, client-property loss and social engineering subject to out-of-band payment verification. Foxquilt describes employee dishonesty, fraud and forgery; buyers should request the crime-specific limit and controls in each quote. [1] [4]
Limits and payment-instruction controls
Beazley’s Crime and Fidelity page advertises a headline limit up to $25 million but does not split the figure between Commercial Crime and Financial Fidelity Bonds. It says fraudulent-instruction coverage requires out-of-band authentication, unless documented controls and response plans support removal for additional premium. Foxquilt describes money-and-securities losses but its public overview does not establish buyer-specific limits or conditions. Request the crime-specific limit and verification wording. [1] [4]
Application materials
Beazley lists separate Commercial Crime, Massachusetts Crime and Social Engineering applications; Foxquilt provides a crime quote path. The listed forms give a buyer specific submission materials to discuss with Beazley, while Foxquilt’s route starts from its product page; neither description guarantees an offer. [1] [4]
What Should You Confirm in Beazley and Foxquilt Crime Insurance Quotes?
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Ask Beazley which limit applies to social engineering and how out-of-band verification is documented; ask Foxquilt for its available limit and conditions. [1] [4]
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Ask Beazley for the retention, discovery period, covered employee definitions and client-property terms; ask Foxquilt for those details in its proposed form. [1] [4]