What Are the Key Differences Between Foxquilt and Liberty Mutual Crime Insurance?
Liberty Mutual describes ProShield as a management-liability package for private and nonprofit organizations and lists crime among its sections, including employee dishonesty, embezzlement, safe burglary and computer fraud. Foxquilt markets crime standalone or as a BOP add-on and describes money-and-securities losses. Buyers can compare which other lines accompany the crime coverage in each proposal. [3] [4]
Management-liability package or BOP attachment
Liberty Mutual places crime within ProShield’s management-liability package for private and nonprofit organizations; Foxquilt offers standalone crime or a BOP add-on. These structures connect crime with different named coverage groups, so ask whether the proposed crime limits and retentions are shared with other sections. [4] [3]
Listed loss examples
Liberty Mutual names employee dishonesty, embezzlement, safe burglary and computer fraud; Foxquilt describes money-and-securities losses involving employee dishonesty, fraud and forgery. A buyer focused on computer fraud or safe burglary should request both definitions and relevant exclusions in the proposed wording. [4] [3]
What Should You Confirm in Foxquilt and Liberty Mutual Crime Insurance Quotes?
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Ask Liberty Mutual which ProShield sections are included and whether the crime limit is shared; ask Foxquilt whether the proposal is standalone or packaged with a BOP. [4] [3]
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Ask both providers for computer-fraud and employee definitions, retentions, aggregate limits and claims-reporting instructions. [4] [3]