What Are the Key Differences Between Liberty Mutual and Lockton Crime Insurance?
Package Policy or Brokered Placement
Liberty Mutual includes crime in ProShield, one package policy combining multiple management-liability coverages. Lockton describes crime and fidelity as a brokered program, so the insurer and policy terms depend on the placement rather than a Lockton-underwritten policy. If you want crime alongside other management-liability lines, compare ProShield’s combined structure with the specific carrier proposal Lockton assembles. [3] [4]
Crime Events and Fraud Types
Liberty Mutual’s ProShield overview lists employee dishonesty, embezzlement, safe burglary, and computer fraud. Lockton names employee theft, forgery or alteration, theft on or off premises, counterfeit currency, computer fraud, and social engineering involving customers, vendors, or employees. Lockton’s description explicitly calls out impersonation fraud and counterfeit currency; buyers with those exposures should check how the proposed policy defines and limits them. [3] [4]
Claims Support and Organization Scope
Lockton says its integrated Professional & Executive Risk Claims team handles crime and fidelity claims. Liberty Mutual’s reviewed ProShield overview describes the package and selected exposures but does not detail a crime claims-support process. Lockton also names public organizations among its audience, while Liberty Mutual’s stated ProShield scope is private and not-for-profit organizations. [4] [3] [4]
What Should You Confirm in Liberty Mutual and Lockton Crime Insurance Quotes?
- Ask Lockton which insurer will issue the policy and whether its form covers social engineering, counterfeit currency, and theft away from your premises. [4] [4]
- Ask Liberty Mutual for ProShield’s crime limits, deductibles, exclusions, and its claim-notification contact. [3] [3]
- If your organization is public, ask Liberty Mutual to confirm ProShield eligibility; its published audience description names private and nonprofit organizations. [3]