What Are the Key Differences Between CFC and Gallagher Crime Insurance?
Packaged Crime Versus Teams by Account Size
CFC includes crime in its US Management Liability package. Gallagher places coverage through its Small Business team or its Executive and Financial Risk practice for larger accounts; the latter describes peer analysis to help set limits. Choose Gallagher’s larger-account team if you want that analysis; choose CFC if you qualify and want crime packaged with management liability. [5] [9] [8]
How Limits Are Discussed
For larger accounts, Gallagher says it sets crime limits using peer analysis from third-party databases and an exposure index developed by the Surety Association of America with the American Institute of Accountants. CFC’s brochure does not describe a peer-analysis or exposure-index method for sizing crime. [8] [5]
Neither CFC’s brochure nor Gallagher’s reviewed pages publish a dollar limit, sublimit, retention or premium range for crime. You still have to ask both for the bound number; Gallagher’s large-account process is the only one that describes how that number might be chosen. [5] [9] [8]
Who Can Buy
Gallagher recommends fidelity and crime for small businesses exposed to funds-transfer fraud, computer fraud, employee fraud, or destruction of personal property. CFC’s brochure lists California-domiciled business and US publicly traded companies among declined risks for the package that carries this crime coverage. A public company or California-domiciled buyer may be outside CFC’s package even if Gallagher’s small-business path still takes the placement. [9] [5]
How You Start a Quote
The Gallagher small-business crime page routes buyers to a Connect With An Advisor form asking for company details, employee count and annual revenue. CFC’s reviewed pages describe the management package rather than that advisor form, so the first step is a CFC package quote versus a Gallagher intake. [9] [5]