What Are the Key Differences Between HUB International and Newfront Crime Insurance?
Newfront describes a 24/7 policy dashboard and integrated claims negotiation across Executive Risk, but groups crime with fidelity and publishes no crime limits. HUB lists six crime types, including vendor theft, but does not describe those account services. [4] [3]
Dedicated Crime Brokerage Versus Executive Risk Grouping
HUB brokers commercial crime insurance rather than underwriting it. Newfront brokers crime as part of Executive Risk, listing fidelity and crime together as one Key Coverages entry, and negotiates placement rather than underwriting. HUB’s crime page does not name an issuing insurer; Newfront’s Executive Risk page also does not. [3] [4]
Named Perils Versus an Undifferentiated Label
HUB lists employee theft, vendor theft, forgery, asset misappropriation, computer fraud and funds-transfer fraud. Newfront’s Executive Risk page does not separately describe crime-specific insuring agreements such as employee theft, computer fraud or funds-transfer fraud. HUB cites industry statistics that organizations lose about 5% of revenue to fraud each year and that more than 23% of fraud cases result in losses of $1 million or more. [3] [4]
Nonprofit and Public Buyers Versus Funding-Stage Clients
HUB says crime coverage is available for private, public and not-for-profit organizations and directs prospects to connect with a broker through its business-insurance contact page. Newfront says Executive Risk services private companies from seed round through every series of funding and describes work with over 500 publicly traded companies, without a crime-specific eligibility threshold. Newfront says clients get 24/7 dashboard access to policies, certificates and billing, that renewals use pre-populated historical data, and that it provides integrated claims and coverage negotiation for Executive Risk lines. Neither page publishes crime limits. [3] [4]