What Are the Key Differences Between Lockton and Marsh McLennan Agency Crime Insurance?
What the Offering Describes
Lockton lists employee theft, forgery, on- or off-premises theft, computer fraud, counterfeit currency and social-engineering impersonation losses. Marsh McLennan Agency identifies commercial crime and fidelity but its overview does not list insured events. If vendors or employees can authorize payments, ask Marsh McLennan Agency whether the wording covers impersonation and funds sent on fraudulent instructions. [3] [4]
Limits, Eligibility and Handling
Lockton says its Professional and Executive Risk Claims team handles crime and fidelity claims, integrating insurance and claims counsel within its broking team. Marsh McLennan Agency’s product overview does not describe a comparable claims service. A buyer should identify who will help assemble evidence and communicate with the insurer after a discovered loss. [3] [4]
Starting a Crime Placement
Lockton says the line can serve nonprofit, private and public organizations across sectors, while noting financial institutions often need a distinct financial institution bond. Marsh McLennan Agency describes crime for executive-risk buyers without a sector list. If you are a bank or credit union, verify the product type before relying on a general crime quote. [3] [4]