What Are the Key Differences Between CFC and Coverdash Crime Insurance?
Package With Management Liability vs Standalone Online Purchase
At CFC, crime comes inside the US Management Liability package, so you buy it alongside the other management-liability covers rather than on its own; CFC also sells separate crime cover for employee infidelity and third-party fraud in its fintech package. Coverdash is a broker with a fully digital quote-to-purchase flow for commercial crime, and you can add other coverages in the same session. Choose CFC if you want crime bundled with management liability and are neither California-domiciled nor publicly traded; choose Coverdash if you want crime alone, bought online, or CFC declines you. [5] [3] [8] [10]
What Each Covers
Both name employee theft, funds-transfer fraud and counterfeit currency. CFC adds credit-card fraud, client crime (fraud by your clients or their staff) and on- and off-premises theft. Coverdash adds forged checks and social-engineering losses, where an employee is tricked into sending money. Coverdash sells cyber separately and doesn’t say how a funds-transfer loss is split between the two policies. [5] [8] [9]
Claims and Unknowns
CFC takes US claims by phone, email or online form and says one dedicated adjuster handles each claim start to finish; Coverdash’s reviewed crime pages do not describe a claims process. Neither publishes crime limits or retentions, and neither names the insurer that would issue your policy. [2] [6] [8]
What Should You Confirm in CFC and Coverdash Crime Insurance Quotes?
- Ask CFC whether your crime cover sits in the management package or the fintech package, and whether the wording differs. [5] [3]
- Get the issuing insurer on both quotes; neither page names it. [8] [6]
- Ask both for limits, sublimits and retentions. [5] [8]
- Ask Coverdash how a social-engineering loss is coordinated with a separate cyber policy. [9]