What Are the Key Differences Between Chubb and Embroker Crime Insurance?
Crime Events Each Policy Lists
Chubb covers employee theft including temporary and contract workers, client theft and social-engineering fraud; its sheet also lists funds-transfer fraud that the insured’s bank does not reimburse. Embroker lists employee theft, shoplifting, embezzlement, larceny, third-party theft, forgery, digital fraud, money laundering, counterfeit currency and social-engineering fraud. [4] [5]
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. Chubb’s reviewed sheet does not publish that exclusion list. [5] [4]
Eligibility
On Chubb Marketplace, ForeFront’s target appetite is organizations with fewer than 250 employees and less than $50 million in revenue. Embroker points to businesses that hire part-time staff, handle cash or inventory, or handle customer data and digital transactions as more exposed. [3] [5]
What Should You Confirm in Chubb 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. [5]
- Confirm you fit Chubb’s ForeFront size band and ask for crime limits the sheet does not publish. [3] [4]
- Ask Embroker whether the quote is a crime policy or a fidelity bond. [5]
- Get Embroker’s issuing carrier; Chubb’s sheet names ACE American. [5] [4]