What Are the Key Differences Between Gallagher and The Hartford Crime Insurance?
The Hartford explicitly names public companies and nonprofits among its crime buyers and includes crime in Private Choice Premier; financial institutions have a separate bond and commercial-crime track. Gallagher separates small-business crime from its large-account practice. [5] [4] [3]
Broker Versus Hartford as Insurer
Gallagher Small Business arranges fidelity and crime with outside carriers for small-business clients, and its Executive and Financial Risk practice places larger accounts; Gallagher does not underwrite either policy, and neither reviewed Gallagher page names the issuer. The Hartford’s crime insurance is one of five options in its Private Choice Premier management-liability package and is offered separately as bond and commercial crime (fidelity) coverage in its financial-institutions product track. [4] [3] [5]
What Each Describes as Covered
Gallagher describes losses from fraudulent or dishonest acts, including credit-card forgery, computer fraud, funds-transfer fraud, employee fraud, theft and destruction of property. The Hartford says crime insurance helps cover business-related crimes like employee theft, forgery or robbery, using an employee stealing from a cash register as an example. The Hartford’s extracted claims do not list computer fraud or funds-transfer fraud by name. [4] [5]
Buyers Named and How Limits Are Set
Gallagher recommends the coverage for small businesses with funds-transfer, computer-fraud, employee-fraud or property-destruction exposure; for larger accounts it describes peer analysis and a Surety Association exposure index to set limits, without publishing dollar amounts. The Hartford’s crime coverage is available to nonprofit organizations, publicly traded companies and privately held companies as part of its management-liability lineup. Gallagher’s small-business path starts with a Connect With An Advisor form. [4] [3] [5]
What Should You Confirm in Gallagher and The Hartford Crime Insurance Quotes?
- Ask The Hartford whether crime sits in Private Choice Premier or on the financial-institutions bond and commercial-crime track. [5]
- Ask Gallagher which desk is placing you and which carrier it proposes. [4] [3]
- Confirm whether computer fraud and funds-transfer fraud, which Gallagher lists, appear on The Hartford form beyond employee theft, forgery or robbery. [4] [5]
- Get limits and retentions in writing from both; Gallagher’s pages do not publish them. [4] [5]