What Are the Key Differences Between CFC and Foxquilt Crime Insurance?
CFC includes crime coverage in its US Management Liability package, including employee theft and funds-transfer fraud; Foxquilt offers crime as a standalone policy or a BOP add-on. Buyers should compare the package’s full coverage combination with Foxquilt’s available placement structure, especially because CFC lists some declined account types for its package. [5] [8]
Package design and account fit
CFC’s crime coverage sits inside its U.S. Management Liability package; its brochure lists California-domiciled businesses and U.S. publicly traded companies among declined risks. Foxquilt markets crime for small businesses handling cash or employee funds, either standalone or as a BOP add-on. A company in one of CFC’s listed categories should confirm eligibility before preparing that package submission. [5] [8]
Types of loss named
CFC’s brochure lists employee theft, funds-transfer fraud, credit-card and currency fraud, client crime and on- or off-premises theft. Foxquilt describes money and securities losses from inside or outside theft, including employee dishonesty, fraud and forgery. A buyer can ask how client or vendor conduct is defined under each proposed agreement. [5] [8]