What Are the Key Differences Between Gallagher and Travelers Crime Insurance?
Gallagher describes similar small-business perils and a separate peer-based method for larger accounts. [7] [4] [3]
Placement Versus Travelers as Writer
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. Travelers underwrites fidelity and crime coverage through multiple insuring agreements sold under Management & Professional Liability rather than as a single fixed policy. Travelers’ product-page video disclosure names Travelers Casualty and Surety Company of America and property casualty affiliates; Gallagher’s pages do not name an issuer. [4] [3] [7]
Agreements, Endorsements and Guidance
Travelers says the coverage addresses loss from forgery or alteration, loss of money and securities, and reimbursement for claim expenses, and lists threats such as employee dishonesty and theft, funds-transfer fraud, computer fraud, employee fraud and social-engineering fraud. It offers a social-engineering fraud endorsement and publishes Coverage 101 and social-engineering protection resources. Gallagher describes credit-card forgery, computer fraud, funds-transfer fraud, employee fraud, theft and destruction of property, and for larger accounts describes a peer-database and Surety Association index method for setting limits. [7] [4] [3]
Who Sells It and Who It Is Marketed To
Fidelity and crime at Travelers is bought through a Travelers independent agent, and Travelers markets the coverage to nonprofit organizations, private companies and public companies. Gallagher’s small-business crime page uses a Connect With An Advisor form. Travelers’ reviewed page does not publish limits, deductibles or premiums; Gallagher’s pages also do not. [7] [4]
What Should You Confirm in Gallagher and Travelers Crime Insurance Quotes?
- Ask which Travelers entity would issue the policy versus which carrier Gallagher would place. [7] [4]
- Ask Travelers which insuring agreements are bound and whether the social-engineering fraud endorsement is included. [7]
- Ask Gallagher whether Small Business or Executive and Financial Risk is handling you. [4] [3]
- Confirm dollar limits; neither reviewed page publishes standard figures. [7] [4]