What Are the Key Differences Between Founder Shield and HUB International Crime Insurance?
If your concern is vendor theft or asset misappropriation, HUB names those coverage types; Founder Shield instead publishes a four-part coverage list and sector priorities. Neither reviewed page publishes a limit, so request the proposed amount. [6] [4]
Carrier Screen Versus Unnamed Markets
Founder Shield says it places crime only with carriers rated A- or better by AM Best, chosen for the client’s industry. HUB brokers commercial crime without naming an issuing insurer on its crime page; carriers vary by client and placement. [5] [6]
Industry Priorities Versus Organization Types
Founder Shield calls crime a priority for healthcare, financial services, non-profit and manufacturing/retail companies. HUB says crime coverage is available for private, public and not-for-profit organizations, without publishing a size or industry appetite. [4] [6]
Peril Cards and Statistics
Founder Shield lists employee dishonesty by an identified employee, forgery or alteration, computer fraud, and funds-transfer fraud from social engineering. HUB lists employee theft, vendor theft, forgery, asset misappropriation, computer fraud and funds-transfer fraud, and cites figures that organizations lose about 5% of revenue to fraud each year and that more than 23% of fraud cases result in losses of $1 million or more. You request Founder Shield coverage through its site or an advisor. HUB directs prospects to connect with a broker. Neither page publishes limits. [4] [3] [6]
What Should You Confirm in Founder Shield and HUB International Crime Insurance Quotes?
- Ask Founder Shield which A- or better carrier is on the quote. [5]
- Ask HUB whether vendor theft and asset misappropriation are included. [6]
- Get HUB’s issuing carrier name; the product page does not disclose it. [6]
- Compare “identified employee” dishonesty wording with HUB’s employee-theft agreement. [4] [6]