What Are the Key Differences Between Founder Shield and Zurich U.S. Crime Insurance?
Coverage wording and transfer events
Founder Shield identifies employee dishonesty, forgery or alteration, computer fraud and funds-transfer fraud from social engineering in the crime policies it places. Zurich describes employee theft and forgery, plus direct loss from computer-fraud transfers and fraudulent instructions to a financial institution. That distinction gives buyers concrete questions about impersonation, transfer origin, and whether a loss must be direct. [4] [9]
Brokerage placement and policy issuer
Founder Shield is a brokerage, says it uses carriers rated A- or better by AM Best, and does not name the insurer until placement. Zurich offers its own commercial crime products as standalone or package solutions. Before comparing price, request the issuing insurer, policy form and whether the Zurich proposal is standalone or bundled; the brand name alone does not establish the actual issuer or wording. [5] [9]
How to obtain a quote
Founder Shield takes a request through its site or an advisor, then approaches carriers; Zurich’s reviewed product description presents policy options but does not specify an online quote route. Buyers who need multiple carrier alternatives should ask Founder Shield which markets it approached, while asking Zurich what information and intermediary are needed to quote the selected form. [4] [9]
What Should You Confirm in Founder Shield and Zurich U.S. Crime Insurance Quotes?
- Ask both insurers whether social-engineering losses qualify when an employee acts on fraudulent instructions, and whether computer fraud requires a transfer originating at specified premises. [4] [9]
- Ask Founder Shield to identify the carrier and form; ask Zurich whether the proposal is a standalone policy or package solution. [5] [9]