What Are the Key Differences Between Gallagher and Heffernan Insurance Brokers Crime Insurance?
Gallagher recommends small-business crime for firms exposed to funds-transfer fraud, computer fraud, employee fraud or property destruction. [4]
Small-Business Fidelity and Crime Versus Home-Care Listing
Gallagher Small Business arranges Fidelity and Crime with outside carriers for small-business clients, and its Executive and Financial Risk practice places the same coverage for larger accounts. Heffernan lists Crime – Third Party Theft only inside packages for home care, home health and hospice; the reviewed sources do not describe a general commercial crime offering outside that context. Neither underwrites. [4] [3] [5]
Limit Method Versus Bond Split
For larger accounts Gallagher describes setting crime limits with peer analysis and an exposure index developed by the Surety Association of America with the American Institute of Accountants. Heffernan lists an Employee Dishonesty Bond separately from Crime – Third Party Theft and does not publish bond amounts or crime limits; it discusses only general cost ranges for the overall home-care package. [3] [5]
Who Starts and When
Gallagher’s small-business page uses a Connect With An Advisor form asking for company details, business description, other coverage interests, employee count and annual revenue. Heffernan markets to home health providers, hospices, staffing agencies, infusion therapy providers and personal care assistants, says programs cover all states and agency sizes, and tells buyers to begin at least 30 days before working with clients. Neither page names an issuer. [4] [5]
What Should You Confirm in Gallagher and Heffernan Insurance Brokers Crime Insurance Quotes?
- If you are not in home care, ask Heffernan whether crime is available outside that package. [5]
- Ask Gallagher whether the quote is small-business or executive-risk and whether peer-analysis limits apply. [4] [3]
- Ask Heffernan how Crime – Third Party Theft and the Employee Dishonesty Bond interact. [5]
- Get issuing carrier names from both quotes. [4] [5]