Beazley vs Gallagher: Commercial Crime Insurance

Gallagher brokers crime, routes small businesses to an advisor and uses peer analysis to help set limits for larger accounts; Beazley underwrites commercial crime and advertises limits up to $25 million.

Van Ness Partners presents a practical comparison of source materials relevant to financial crime exposures.Research updated 2026-09-25

Beazley advertises crime limits up to $25 million; Gallagher separates small-business and larger-account teams, with peer analysis for larger buyers setting limits.

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

Standalone Product Versus Account-Sized Brokerage Teams

Beazley offers Commercial Crime directly and advertises limits up to $25 million. Gallagher places crime through a small-business team or an Executive and Financial Risk practice for larger accounts; the latter describes peer analysis to help set limits. Choose Beazley if you want its standalone product; choose Gallagher for a broker team matched to your account size. [1] [5] [4]

How Limits Are Discussed

Beazley advertises Commercial Crime limits of up to US $25,000,000 without publishing retentions or per-agreement sublimits. For larger accounts, Gallagher says its methodology for setting crime coverage limits includes peer analysis using third-party databases and an exposure index developed by the Surety Association of America with the American Institute of Accountants. Neither Gallagher page publishes specific crime coverage limits or premium ranges. [1] [4] [5]

Perils and Intake

Gallagher describes fidelity and crime as covering fraudulent or dishonest acts, including credit-card forgery, computer fraud, funds-transfer fraud, employee fraud, theft and destruction of property. Beazley lists employee theft of money and securities, forgery, on-premises and in-transit loss, computer fraud, client-property loss, credit-card fraud and fraudulent-instruction cover conditioned on out-of-band authentication. Gallagher’s small-business crime page routes buyers to a Connect With An Advisor form. Beazley lists Crime and Social Engineering applications among Tools & Resources. [5] [1]

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

  • Ask Gallagher whether Small Business or Executive and Financial Risk is placing you, and which carrier it proposes. [5] [4]
  • If you are a larger account, ask Gallagher to show the peer-analysis and exposure-index work behind the limit. [4]
  • Ask Beazley for the bound limit versus $25 million advertised and whether out-of-band authentication applies. [1]
  • Confirm whether destruction of property (Gallagher’s list) and in-transit loss (Beazley’s list) are on the quoted forms. [5] [1]

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 ↗

Gallagher

  • role: Gallagher Small Business arranges Fidelity and Crime coverage with outside carriers for small-business clients; its group-level Executive and Financial Risk practice separately places the same coverage for larger accounts. Gallagher does not underwrite either policy. Small-business crime product page and the group-level executive-risk practice page.company-reportedSource ↗Source ↗
  • coverage: Gallagher describes Fidelity and Crime insurance as covering losses from fraudulent or dishonest acts, including credit card forgery, computer fraud, funds-transfer fraud, employee fraud, theft and destruction of property. Small-business crime product page; a coverage description, not a specific policy's insuring agreement or exclusions.company-reportedSource ↗
  • eligibility: Gallagher recommends this coverage for small businesses exposed to funds-transfer fraud, computer fraud, employee fraud, or destruction of personal property. Small-business crime product page "Do you need Fidelity and Crime insurance?" list; actual acceptance depends on underwriting.company-reportedSource ↗
  • services: For larger accounts, Gallagher says its methodology for setting crime coverage limits includes peer analysis using third-party databases and an exposure index developed by the Surety Association of America with the American Institute of Accountants. Group-level executive-risk practice page; not confirmed as applied to the small-business product.company-reportedSource ↗
  • application: The small-business crime page routes buyers to a Connect With An Advisor form asking for company details, business description, other coverage interests, employee count and annual revenue. Product page inquiry form, inspected without submission.company-reportedSource ↗
  • insurer: Neither the small-business crime page nor the executive-risk practice page names the insurer that would issue a given client's crime policy. Checked both pages on 2026-09-23.not-disclosedSource ↗Source ↗
  • limits: Neither page publishes specific crime coverage limits or premium ranges. Checked both pages on 2026-09-23.not-disclosedSource ↗Source ↗

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 and Financial Risk Insurance

    Gallagher · Employee Dishonesty (Crime) and Fidelity Bond insurance section · accessed 2026-09-23

  5. 05
    Crime

    Gallagher Small Business · Coverage Overview; Do you need Fidelity and Crime insurance?; Connect With An Advisor form · 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

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