What Are the Key Differences Between Chubb and Zurich U.S. Crime Insurance?
Portfolio placement and eligible organizations
Chubb underwrites Crime Insurance as one of seven ForeFront Portfolio coverage parts for private companies, nonprofits and healthcare organizations. Chubb Marketplace describes the target appetite as fewer than 250 employees and less than $50 million in revenue. Zurich offers commercial crime as a standalone policy or package solution for public and private companies. Buyers should confirm that their organization fits Chubb’s stated size and portfolio route, then compare it with Zurich’s proposed standalone or package structure. [3] [8]
Fraud protections and application
Chubb lists social engineering, employee theft including temporary and contracted workers, client theft and unreimbursed fraudulent electronic transfers. Zurich describes employee theft or forgery and distinguishes computer fraud from funds-transfer fraud. Chubb says ForeFront is available through its digital Marketplace for quoting, binding and issuance; Zurich offers crime-risk assessments through Zurich Resilience Solutions. Ask both for the policy definitions and sublimits that apply to your transfer controls. [4] [8]