What Are the Key Differences Between Cowbell and Marsh Crime Insurance?
Marsh describes placement experience from about $10 million to $110 million, not a limit guarantee, and offers social-engineering infill above existing coverage. Cowbell’s module is aimed at smaller private companies and publishes no crime limit. [4] [3]
SME Module Versus Complex Placement Range
Cowbell’s crime coverage is a Zurich Select Plus module aimed at private companies with under 250 employees and under $50 million in assets. Marsh says its team has handled complex crime placements ranging from about $10 million to $110 million (also stated in GBP on the same page), which is a description of placement experience, not a quoted limit for any buyer. [3] [4]
Who Underwrites and Who Places
Cowbell operates the platform; Zurich underwrites the module on admitted paper, and only appointed Zurich E&S wholesalers can access it through the API. Marsh’s financial and professional liability practice places commercial crime, and Marsh McLennan Agency also places crime bundled with fidelity in its executive and professional liability practice; the reviewed Marsh pages do not name a crime insurer and say definitions differ across insurers. [3] [9] [4] [5]
Perils, Ransomware and Services
Cowbell’s FAQ describes theft, fraud and embezzlement by employees or third parties. Marsh lists employee white-collar fraud, third-party fraud, collusion, hacking or computer-related crime, social-engineering fraud and tangible asset theft, and notes that crime policies usually exclude ransomware while most cover direct financial losses from funds stolen by hackers. Marsh also offers infill and top-up social-engineering cover in excess of an existing program; Cowbell’s reviewed pages do not describe crime-specific risk-control services. [3] [4]
What Should You Confirm in Cowbell and Marsh Crime Insurance Quotes?
- Confirm whether you fit Cowbell’s employee and asset targets or need Marsh’s larger-placement range. [3] [4]
- Ask Marsh whether the quote is Marsh corporate or MMA, and whether ransomware is excluded. [4] [5]
- Name the Zurich E&S wholesaler and issuing entity on a Cowbell quote. [3] [9]
- Ask Marsh whether infill social-engineering cover is being quoted above your primary crime limit. [4]