What Are the Key Differences Between Lockton and USI Insurance Services Crime Insurance?
USI’s trade list can help building, janitorial or staffing companies decide whether to contact its Business Services team. Lockton serves a broader stated audience and names a claims team that handles crime losses. [7] [3]
Cross-Sector Crime and Fidelity Versus Trade and ExecuSafe Paths
Lockton places Crime and Fidelity as a brokered program, not a policy it underwrites. USI brokers crime covering employee theft and related fraud, either as a standalone placement or as part of a management-liability review under ExecuSafe. Neither reviewed page names the insurer. [3] [7] [8]
Listed Claim Types Versus Classification Reviews
Lockton lists employee theft, forgery or alteration, theft on or off premises, computer fraud, counterfeit currency, and social-engineering impersonation fraud, and notes financial institution bonds as distinct from general crime. USI’s Business Services practice, which lists crime coverage, says it targets building and maintenance, repair service, janitorial, staffing and printing companies, and says it offers classification and exposure reviews, claim advocacy and risk control across lines including crime. ExecuSafe checks existing crime coverage for gaps. [3] [7] [8]
Claims Counsel Versus Named Inboxes
Lockton says its Professional & Executive Risk Claims team integrates insurance and claims counsel within the broking team, and says crime coverage is relevant to nonprofit, private and public organizations of any sector, with small businesses particularly exposed. USI splits crime intake between a Business Services inbox or local office and a Select Business inbox for ExecuSafe. Neither page publishes crime limits. [3] [7] [8]
What Should You Confirm in Lockton and USI Insurance Services Crime Insurance Quotes?
- Ask USI whether crime is standalone or part of ExecuSafe, and which inbox will handle you. [7] [8]
- Ask how Lockton’s Professional & Executive Risk Claims team would handle a theft claim versus USI claim advocacy. [3] [7]
- If you are a financial institution, ask Lockton whether a financial institution bond is required. [3]
- Get the writing company and limits from both. [3] [7]