What Are the Key Differences Between Lockton and RiskCube Crime Insurance?
RiskCube’s 24-hour goal is for vendor-ready proof across its catalogue, not a crime-specific binding guarantee, and it publishes no crime limit. Lockton describes a dedicated claims team and losses such as counterfeit currency and social-engineering impersonation. [5] [3]
Specialist Broking Team Versus Startup Catalogue Speed
Lockton places Crime and Fidelity as a brokered program, not a policy it underwrites. RiskCube brokers commercial crime as a line in its startup insurance catalogue, comparing carrier options rather than underwriting. RiskCube describes a roughly 10-minute digital intake followed by AI agents and licensed brokers comparing top-rated carriers, aiming for vendor-ready proof of coverage in about 24 hours. [3] [5]
Named Issuance Gap Versus Disclosed Third-Party Carriers
RiskCube’s disclosures say it is not an insurance carrier and that products including commercial crime are underwritten and issued by third-party carriers it does not name. Lockton’s page does not name the insurers it places crime and fidelity with. [4] [3]
Claim Types and Claims Counsel Versus Startup Perils
Lockton lists employee theft, forgery or alteration, theft on or off premises, computer fraud, counterfeit currency, and social-engineering impersonation fraud, and says its Professional & Executive Risk Claims team handles Crime and Fidelity claims. It calls out small businesses as particularly exposed and notes financial institution bonds as distinct from general crime. RiskCube describes protection against employee theft, fraud, forgery and social-engineering attacks for startups handling client funds, payment data or operating with a distributed team. RiskCube’s catalogue does not describe claims handling or crime-specific risk-control services. Neither page publishes specific crime limits. [3] [5]
What Should You Confirm in Lockton and RiskCube Crime Insurance Quotes?
- Ask RiskCube which carrier it compared and whether the 24-hour timeline applies. [5] [4]
- Ask how Lockton’s Professional & Executive Risk Claims team would handle a theft claim; RiskCube’s catalogue does not describe claims handling. [3] [5]
- If you are a financial institution, ask Lockton whether a financial institution bond is required. [3]
- Get dollar limits from both. [3] [5]