Counterpart vs Liberty Mutual: Commercial Crime Insurance

Liberty Mutual includes crime inside its ProShield package policy for private and not-for-profit organizations; Counterpart presents its insurance for small businesses, reached through a wholesale broker, with a crime page listing employee theft, forgery and fraud scenarios.

Van Ness Partners presents a practical comparison of source materials relevant to financial crime exposures.Research updated 2026-10-01

What Are the Key Differences Between Counterpart and Liberty Mutual Crime Insurance?

Package Structure and Named Product

Liberty Mutual includes crime in ProShield, a single management-liability package intended to combine multiple coverages with fewer separate endorsements, and scopes the page to private and nonprofit organizations. Counterpart presents a named Commercial Crime product and says businesses access its program through wholesale brokers. If you already need management-liability protection, compare whether bundled terms fit better than a separate crime placement and find out whether any crime limit is shared. [4] [3] [6]

Listed Crime Events

Liberty Mutual’s ProShield summary names employee dishonesty, embezzlement, safe burglary, and computer fraud, while Counterpart lists employee theft, forgery, computer or system fraud, funds transfers, and social engineering. These are summaries rather than full policy wording. The distinction is useful when checking safe burglary or payment manipulation, but the quote should state exact definitions, conditions, and any optional endorsements. [4] [6]

What Should You Confirm in Counterpart and Liberty Mutual Crime Insurance Quotes?

  • Does ProShield share its aggregate across crime and other management-liability coverages, and is safe burglary included in your option? [6]
  • What Counterpart form, carrier, and payment-fraud sublimits apply to the scenarios you need? [4]

Liberty Mutual describes crime as part of its combined ProShield management-liability policy; Counterpart says its products are offered through its producer and buyers reach the program through wholesale brokers.

Sources consulted

  1. 01
    Commercial Insurance Guide

    California Department of Insurance · Crime · accessed 2026-09-16

  2. 02
    Social Engineering Fraud Insurance

    Chubb · Opening; coverage highlights · accessed 2026-09-16

  3. 03
    How can I get insurance through Counterpart?

    Counterpart Knowledge Center · Retained source: article describes wholesale-broker referral route; prior access 2026-09-28. · accessed 2026-09-28

  4. 04
    Commercial Crime Insurance

    Counterpart, Inc. · Retained provider source: product page lists employee theft, forgery, computer/system fraud, funds-transfer and social-engineering examples; prior access 2026-09-28. Direct reopen failed in this session. · accessed 2026-09-28

  5. 05
    Counterpart | Agentic Insurance™

    Counterpart, Inc. · Retained provider source: footer states insurance products are offered by Counterpart Insurance Services, Inc., described as a licensed producer and surplus-lines broker; product/state availability varies, issuer not mapped by product/state. Prior access 2026-09-29. · accessed 2026-09-29

  6. 06
    ProShield

    Liberty Mutual Business Insurance · Opening paragraphs identify package combining directors and officers, employment practices, fiduciary, and crime coverages; D&O and crime sections describe examples of exposures and selected coverage features. Examples are not policy terms. · accessed 2026-09-29

  7. 07
    Crime Terms and Conditions

    The Travelers Companies, Inc. · I.A–G, printed/PDF pages 1–4; III.RR, printed/PDF p.13; V.B.1–2, printed/PDF pp.18–20; Consideration, printed/PDF p.1; III.P p.8; V.A.3 pp.16–17; V.A.4 p.17; V.B.3 p.20; I.A.3 p.1; III.C p.7; III.S pp.8–9; III.II and III.KK p.12; III.QQ p.13; V.A.5 pp.17–18 (printed/PDF pages); IV.J–O, printed/PDF pages 14–15 · accessed 2026-09-16

  8. 08
    Crime Non-Financial Applications and Forms

    Travelers · Opening paragraph; Sample Policy Forms · accessed 2026-09-16

  9. 09
    Commercial Crime Coverage Application

    Travelers Casualty and Surety Company of America · I–III pages 1–2; IX–XI pages 3–4; V–VII, printed/PDF pages 2–3 · accessed 2026-09-16

Crime coverage

Counterpart

  • role: Counterpart says its insurance is offered through Counterpart Insurance Services, Inc., which it describes as a producer and surplus-lines broker; its help center says businesses reach the program through a wholesale broker. Company-published distribution description; it does not identify the insurer for this crime placement.company-reportedSource ↗Source ↗
  • coverage: Counterpart’s crime page lists employee theft, forgery, computer or system fraud, funds-transfer fraud and social-engineering scenarios. These are marketing examples, not a complete insuring agreement; the actual policy defines covered loss and conditions.company-reportedSource ↗
  • eligibility: Counterpart presents its insurance products and risk-management services for small businesses. The general audience statement is not a crime-specific underwriting rule.company-reportedSource ↗Source ↗
  • coverage: Counterpart separately lists funds-transfer fraud and social-engineering as crime examples. The examples do not define authentication conditions, sublimits, exclusions or how a claim would be adjusted.company-reportedSource ↗

Liberty Mutual

  • role: Liberty Mutual includes crime coverage in its ProShield management-liability package for private and not-for-profit organizations. Liberty Mutual’s cited product or program overview documents this description. It does not establish the issuing insurer for an individual quote, exact state or provincial availability, the policy form, complete exclusions, or terms offered to a particular buyer; confirm those in the quote and policy documents.company-reportedSource ↗
  • coverage: The ProShield page lists employee dishonesty, embezzlement, safe burglary, computer fraud and other crime exposures, plus selected coverage enhancements; these are marketing summaries, not policy terms. Liberty Mutual’s cited product or program overview documents this description. It does not establish the issuing insurer for an individual quote, exact state or provincial availability, the policy form, complete exclusions, or terms offered to a particular buyer; confirm those in the quote and policy documents.company-reportedSource ↗
  • eligibility: The source scopes ProShield to private and not-for-profit organizations; a specific organization’s eligibility is not established. Liberty Mutual’s cited product or program overview documents this description. It does not establish the issuing insurer for an individual quote, exact state or provincial availability, the policy form, complete exclusions, or terms offered to a particular buyer; confirm those in the quote and policy documents.company-reportedSource ↗
  • services: Liberty Mutual describes ProShield as one package policy that combines multiple management-liability coverages and is designed to reduce the need for separate endorsements. Liberty Mutual’s cited product or program overview documents this description. It does not establish the issuing insurer for an individual quote, exact state or provincial availability, the policy form, complete exclusions, or terms offered to a particular buyer; confirm those in the quote and policy documents.company-reportedSource ↗
  • limits: The cited public overview does not establish the limits, deductibles, exclusions or form terms that would apply to a specific buyer. Ask for the quote and specimen or issued policy forms before treating a listed feature as covered.not-disclosedSource ↗

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