What Are the Key Differences Between Lockton and Zurich U.S. Crime Insurance?
Social engineering and defined transfer loss
Lockton lists employee theft, forgery, computer fraud, counterfeit currency and social-engineering impersonation involving customers, vendors or employees. Zurich describes computer and funds-transfer fraud through direct losses linked to specified transfer activity. For organizations exposed to vendor-payment scams, compare whether the policy responds to the deception itself or requires a qualifying direct transfer loss and what controls apply. [3] [7]
Claims advocacy and prevention
Lockton says its Professional & Executive Risk Claims team handles Crime and Fidelity claims as part of the broking team. Zurich describes crime-risk assessments and specialist recommendations to identify vulnerabilities. These services address different moments: Lockton describes support after a claim, while Zurich describes a risk review. Ask who will advocate with the insurer and what assessment output is included. [3] [7]
Placement structure
Lockton explicitly describes its program as brokered rather than underwritten by Lockton. Zurich offers commercial crime as standalone policies and package solutions. The buyer should identify the actual insurer and whether the Lockton proposal uses one standalone policy or another structure, then compare its wording against Zurich’s proposed form. [3] [7]