What Are the Key Differences Between Embroker and Zurich U.S. Crime Insurance?
Listed crime events and financial transfer triggers
Embroker lists employee theft, third-party theft, forgery, digital fraud, money laundering, counterfeit currency and social engineering fraud. Zurich specifies employee theft or forgery and describes computer and funds-transfer fraud as direct losses tied to specified transfers. For a buyer, the wording matters most when a loss follows a vendor impersonation or a compromised bank instruction; ask whether the quoted form reaches that exact event. [3] [7]
Standalone versus package placement
Embroker presents crime as a standalone policy, while noting smaller businesses may add it by endorsement to a BOP or D&O policy. Zurich offers standalone policies and package solutions for public and private companies. Ask each broker to show whether the quote is a separate contract or an endorsement, since that affects which form and limits govern the loss. [3] [7]
Prevention support and exclusions
Zurich describes crime-risk assessments and specialist recommendations; Embroker’s reviewed crime description instead spells out excluded income and indirect losses, among other exclusions. Buyers should compare Zurich’s proposed assessment scope with Embroker’s policy exclusions, and confirm whether assessment services accompany the specific placement. [3] [7]
What Should You Confirm in Embroker and Zurich U.S. Crime Insurance Quotes?
- Ask whether social engineering, employee collusion, digital fraud and funds-transfer instructions are covered by the quoted form, and identify sublimits and required controls. [3] [7]
- Ask Embroker whether crime is standalone or added to another policy, and Zurich what risk assessment is included with the offered package. [3] [7]