What Are the Key Differences Between Embroker and Travelers Crime Insurance?
Embroker also lists those overlapping perils but explicitly excludes income loss, some third-party liabilities and certain stolen-data cyber losses. [6] [3]
Seller of a Form Versus Underwriter
Embroker sells commercial crime as a standalone policy or as a BOP or D&O endorsement. Travelers underwrites fidelity and crime through multiple insuring agreements in its Management & Professional Liability line, rather than as a single fixed policy, and you buy it through a Travelers independent agent. [3] [6]
Issuer Disclosure
Travelers’ video disclosure names Travelers Casualty and Surety Company of America and property casualty affiliates, while noting the issuing entity can vary. Embroker’s reviewed crime page does not name an issuing insurer. [6] [3]
Endorsements, Exclusions and Buyer Mix
Travelers lists forgery or alteration, loss of money and securities, claim-expense reimbursement, employee dishonesty, funds-transfer fraud, computer fraud and social-engineering fraud, and it offers a social-engineering fraud endorsement plus Coverage 101 resources. Embroker lists overlapping perils including money laundering and counterfeit currency, then excludes income loss, executive-employee collusion, third-party liabilities from crime, and cybercrime involving stolen patents, trade secrets or customer lists. Travelers markets to nonprofits, private companies and public companies. Embroker highlights cash, part-time staff, inventory and customer data, and distinguishes customer-reimbursing fidelity bonds. [6] [3]
What Should You Confirm in Embroker and Travelers Crime Insurance Quotes?
- Ask Travelers whether the social-engineering fraud endorsement is included. [6]
- Ask Embroker whether the quote is standalone, an endorsement, or a fidelity bond. [3]
- Compare Embroker’s collusion and income-loss exclusions with Travelers’ issued agreements. [3] [6]
- Confirm the Travelers issuing company on the declarations. [6]