What Are the Key Differences Between Heffernan Insurance Brokers and Travelers Crime Insurance?
Travelers lists employee dishonesty, funds-transfer fraud, computer fraud and social-engineering fraud. Compare the issued agreements for your specific losses. [6] [3]
Home-Care Placement Versus Travelers as Writer
Heffernan arranges crime listed as Crime – Third Party Theft inside packages for home care, home health and hospice businesses; the reviewed sources do not describe a general commercial crime offering outside home care. Travelers underwrites fidelity and crime 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; Heffernan’s home-care page does not name the insurer. [3] [6]
Bond in a Package Versus Named Agreements
Heffernan lists Crime – Third Party Theft and a separate Employee Dishonesty Bond in the home-care package. Travelers says the coverage addresses loss from forgery or alteration, loss of money and securities, and reimbursement for claim expenses, protecting against employee dishonesty and theft, funds-transfer fraud, computer fraud, employee fraud and social-engineering fraud. Travelers offers a social-engineering fraud endorsement and publishes Coverage 101 and social-engineering protection resources. [3] [6]
Agency Lead Time Versus Independent Agents
Heffernan markets this coverage 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. Travelers markets fidelity and crime to nonprofit organizations, private companies and public companies, and the coverage is bought through a Travelers independent agent. Neither reviewed page publishes crime limits or deductibles. [3] [6]
What Should You Confirm in Heffernan Insurance Brokers and Travelers Crime Insurance Quotes?
- Confirm whether you need Heffernan’s home-care crime and employee dishonesty bond or a Travelers fidelity and crime policy. [3] [6]
- Ask Travelers which insuring agreements are bound and whether the social-engineering endorsement is included. [6]
- Ask Heffernan for crime and bond limits separate from package cost ranges. [3]
- Confirm which Travelers entity would issue the policy versus the unnamed carrier on a Heffernan placement. [6] [3]