What Are the Key Differences Between CFC and Embroker Crime Insurance?
Management-Liability Package Versus Standalone or Add-On
CFC includes crime in its US Management Liability package. Embroker offers standalone commercial crime and says smaller businesses may add it as an endorsement to a businessowners or D&O policy. Choose CFC if you qualify and want crime within management liability; choose Embroker if you need a standalone crime quote or policy add-on. [5] [8]
Named Agreements
CFC’s brochure describes company crime including employee theft, funds-transfer fraud, and credit-card and currency fraud, plus client crime and on- or off-premises theft. Embroker lists employee theft (including shoplifting, embezzlement and larceny), third-party theft, forgery, digital fraud, money laundering, counterfeit currency and social-engineering fraud. [5] [8]
Exclusions
Embroker says the policy excludes loss of income, indirect losses, crimes by executives or partners in coordination with employees, third-party liabilities from crime losses, and cybercrime losses involving stolen patents, trade secrets or customer lists. CFC’s brochure does not publish an exclusion list for the crime section. [8] [5]
Eligibility
CFC’s brochure lists California-domiciled business and US publicly traded companies among declined risks for the package that carries this crime coverage. Embroker points to businesses that hire part-time staff, handle cash or inventory, or handle customer data and digital transactions as more exposed. [5] [8]
What Should You Confirm in CFC and Embroker Crime Insurance Quotes?
- Ask Embroker whether crime is standalone or endorsed onto a BOP or a D&O policy, and which exclusions apply. [8]
- Ask CFC whether the quote is the management package or the fintech package, and whether California or public-company status is a decline. [5] [3]
- Ask Embroker whether the quote is a crime policy or a fidelity bond. [8]
- Get limits, retentions and the issuing carrier from both. [5] [6] [8]