What Are the Key Differences Between Chubb and Coalition Crime Insurance?
ForeFront Part Versus Executive Risks Suite
Chubb includes crime in ForeFront Portfolio, which supports digital quoting and binding for organizations under its target size. Coalition sells crime in Executive Risks only through appointed brokers and advertises limits up to $10 million. Choose Chubb if digital buying and its smaller-company target fit; choose Coalition if you need a larger stated limit and can access its broker channel. [4] [3] [5]
Size Bands
On Chubb Marketplace, ForeFront’s target appetite is organizations with fewer than 250 employees and less than $50 million in revenue. Coalition says Executive Risks products, including crime, are available to private and not-for-profit U.S. organizations in all 50 states and Washington, D.C., with up to $500 million in assets, up to 1,000 employees, and up to $500 million in plan assets. [3] [5]
Paper and Published Limits
Chubb’s crime sheet states insurance is provided by ACE American Insurance Company and U.S.-based Chubb underwriting affiliates. Coalition’s disclaimer names Zurich American Insurance Company as the admitted carrier for Executive Risks and says Coalition Insurance Solutions, Inc. also places Executive Risks with unaffiliated non-admitted insurers. Coalition says limits up to $10 million per coverage line may be available. Chubb’s sheet illustrates claim scenarios from over $100,000 to over $1 million but does not publish specific policy limits. [4] [6] [5]
Crime Agreements and Covered Events
Chubb lists social-engineering fraud, employee theft including temporary and contracted workers, client theft of a client’s money or property by an employee, and funds-transfer fraud unreimbursed by the insured’s bank. Coalition says crime responds to theft, fraud and certain cybercrimes, subject to exclusions and limitations. [4] [3] [5]
What Should You Confirm in Chubb and Coalition Crime Insurance Quotes?
- Ask Coalition whether the placement is admitted Zurich paper or non-admitted, and whether the crime limit is the $10 million maximum. [6] [5]
- Ask Chubb for crime limits and retentions; the sheet does not publish them. [4]
- Confirm whether temporary and contracted workers are included on the Chubb employee-theft agreement. [4]