What Are the Key Differences Between Foxquilt and Lockton Crime Insurance?
Lockton’s Crime and Fidelity list includes computer fraud, counterfeit currency and impersonation involving customers, vendors or employees. Foxquilt describes theft-related losses to money and securities, including employee dishonesty, fraud and forgery. These are published scenario descriptions, not a promise that every event meets an issued form’s conditions. [4] [3]
Fraud scenarios in the published descriptions
The two lists overlap on employee dishonesty and forgery; Lockton also names computer and impersonation fraud, while Foxquilt frames its examples around money and securities stolen inside or outside the business. A buyer handling vendor payments can ask both to identify the applicable insuring agreement and any social-engineering sublimit. [4] [3]
Placement and claim assistance
Lockton describes a brokered program and says its Professional & Executive Risk Claims team handles Crime and Fidelity claims advocacy. Foxquilt’s page describes standalone or BOP-add-on placement. Ask each provider who will assist with claims and which insurer carries the proposed policy; a broker’s advocacy role is distinct from the insurer’s claim-paying obligation. [4] [3]