What Are the Key Differences Between CFC and Marsh Crime Insurance?
Package Module Versus Specialist Placement
CFC includes crime in its US Management Liability package. Marsh places commercial crime through its financial and professional liability practice and describes experience with complex high-limit programs, plus top-up social-engineering cover. Choose Marsh for a large placement or extra layer; choose CFC if its packaged coverage fits your business. [5] [8]
Scale of Limits Discussed
Marsh says its team has experience handling complex crime placements ranging from about $10 million to $110 million, but does not publish standard limits, retentions or premiums for a specific placement. CFC’s brochure does not publish a dollar limit, sublimit or retention for crime; those figures appear only on the quote and declarations. [8] [5]
Perils, Ransomware and Infill Cover
Marsh lists employee white-collar fraud, third-party fraud, collusion, hacking or computer-related crime, social-engineering fraud and tangible asset theft, and notes that crime policies usually exclude ransomware though most cover direct financial losses from funds stolen by hackers. It also offers infill and top-up social-engineering cover in excess of a client’s existing program. CFC’s brochure lists employee theft, funds-transfer fraud, credit-card and currency fraud, client crime, and on- or off-premises theft, without that ransomware note or infill product. [8] [5]
Access and Paper
You engage Marsh’s crime specialists (Marsh corporate or MMA) directly; the reviewed pages describe advisor-led placement rather than an online quote tool. CFC provides a US claim-notification route and a dedicated adjuster. Marsh says definitions and extensions differ across insurers and does not name a specific crime insurer; CFC’s regulatory page likewise does not name the issuer for a given US crime policy. [8] [2] [6]
What Should You Confirm in CFC and Marsh Crime Insurance Quotes?
- Ask Marsh whether you are on the corporate crime practice or MMA’s fidelity-bundled executive path, and whether the placement is in the $10–110 million range it cites as experience. [8] [9]
- Ask CFC whether crime is the management or fintech package, and whether California or public-company status is a decline. [5] [3]
- Get the issuing insurer from both. [8] [6]