What Are the Key Differences Between Coverdash and Foxquilt Crime Insurance?
Coverdash describes brokered crime coverage for employee theft, forged checks, counterfeit currency, fraudulent transfers and social engineering. Foxquilt describes money-and-securities losses, including employee dishonesty, fraud and forgery, and markets crime standalone or as a BOP add-on. A buyer can compare the named agreements and placement structure in the proposed forms. [3] [6]
Transfer fraud and policy arrangement
Coverdash lists fraudulent transfer instructions and social-engineering losses alongside employee theft; Foxquilt describes fraud and forgery within money-and-securities losses. Coverdash describes brokerage, while Foxquilt offers crime standalone or as a BOP add-on. Ask how each quote defines payment diversion and whether crime shares terms with other lines. [3] [6]
Who arranges the insurance
Coverdash says it arranges coverage as a broker; Foxquilt markets the product but its public overview does not establish the issuer for an individual policy. The buyer should request the carrier name and claims-reporting instructions in each proposal. [5] [6]
What Should You Confirm in Coverdash and Foxquilt Crime Insurance Quotes?
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Ask Coverdash for the definitions and controls on fraudulent instructions; ask Foxquilt whether its proposed wording addresses the same payment-diversion scenario. [3] [6]
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Ask whether the Foxquilt proposal is standalone or a BOP add-on; confirm the carrier and quote-to-bind process for Coverdash. [6] [5]