What Are the Key Differences Between Gallagher and Marsh Crime Insurance?
Marsh’s range describes complex placements it has handled, not guaranteed limits, and its infill cover is for buyers with an existing program. Gallagher’s separate large-account practice instead describes a peer-analysis method for sizing limits. [5] [3]
Two Gallagher Desks Versus Marsh and MMA
Gallagher Small Business arranges fidelity and crime with outside carriers for small-business clients, and its group Executive and Financial Risk practice places the same coverage for larger accounts; Gallagher does not underwrite either policy. Marsh’s financial and professional liability practice places commercial crime, and Marsh McLennan Agency also places crime bundled with fidelity in its executive and professional liability work. Neither side’s reviewed pages name the issuing insurer for a given placement. [4] [3] [5] [6]
How Large Limits Are Discussed
Marsh says its team has experience handling complex crime placements ranging from about $10 million to $110 million, without publishing standard limits, retentions or premiums for a specific account. For larger Gallagher accounts, limit-setting uses peer analysis from third-party databases and an exposure index developed by the Surety Association of America with the American Institute of Accountants; Gallagher’s reviewed pages do not publish specific crime limits or premium ranges. [5] [3]
Perils, Ransomware Notes and Extra Cover
Gallagher describes fidelity and crime as covering fraudulent or dishonest acts, including credit-card forgery, computer fraud, funds-transfer fraud, employee fraud, theft and destruction of property. Marsh lists employee white-collar fraud, third-party fraud, collusion, hacking or computer-related crime, social-engineering fraud and tangible-asset theft, and notes that crime policies usually exclude ransomware while often covering funds stolen by hackers. Marsh also offers infill and top-up social-engineering cover in excess of an existing program. [4] [5]
What Should You Confirm in Gallagher and Marsh Crime Insurance Quotes?
- Ask Gallagher whether Small Business or Executive and Financial Risk is placing you. [4] [3]
- Ask Marsh whether the quote is from Marsh corporate or MMA, and whether the limit sits in the $10–$110 million range it cites for complex work. [5] [6]
- Confirm whether ransomware is excluded and whether social-engineering infill is on the Marsh quote. [5]