What Are the Key Differences Between Embroker and The Hartford Crime Insurance?
If you are a public company or nonprofit, The Hartford names those buyers for its Private Choice Premier crime option; financial institutions have a separate track. Embroker instead publishes exclusions and a BOP/D&O endorsement option for smaller firms. [4] [3]
Standalone or Endorsement Versus Package Option
Embroker sells commercial crime as a standalone policy and says smaller businesses sometimes add crime to a BOP or D&O policy. The Hartford’s crime insurance is one of five options in Private Choice Premier and is also offered as bond and commercial crime (fidelity) in a financial-institutions product track. [3] [4]
Coverage Descriptions
Embroker lists employee theft including shoplifting, third-party theft, forgery, digital fraud, money laundering, counterfeit currency and social-engineering fraud. The Hartford says crime helps cover business-related crimes like employee theft, forgery or robbery, using a cash-register theft example. [3] [4]
Embroker also names exclusions for income loss, executive-employee collusion, third-party liabilities and cybercrime involving stolen patents, trade secrets or customer lists. The Hartford’s public crime description is the employee-theft, forgery and robbery example. [3] [4]
What Should You Confirm in Embroker and The Hartford Crime Insurance Quotes?
- Ask The Hartford whether crime sits in Private Choice Premier or the financial-institutions fidelity track. [4]
- Ask Embroker whether the quote is standalone, an endorsement, or a fidelity bond. [3]
- Match Embroker’s published exclusions to the bound Hartford policy. [3] [4]
- Confirm whether robbery (Hartford’s example) and social-engineering fraud (Embroker’s list) appear on each bound policy. [4] [3]