What Are the Key Differences Between Newfront and The Hartford Crime Insurance?
Broker Versus Hartford as Insurer
Newfront brokers crime as part of Executive Risk, listing fidelity and crime together as one Key Coverages entry, and negotiates placement rather than underwriting. The Hartford’s crime insurance is one of five options in Private Choice Premier and is offered separately as bond and commercial crime (fidelity) coverage within its financial-institutions product track. Newfront’s Executive Risk page does not name the insurer that would issue a crime policy. [3] [4]
Combined Label Versus Named Business Crimes
Newfront’s Executive Risk page does not separately describe crime-specific insuring agreements such as employee theft, computer fraud or funds-transfer fraud. The Hartford says crime insurance helps cover business-related crimes like employee theft, forgery or robbery, giving as an example an employee stealing money from a cash register. [3] [4]
Who Each Names as a Buyer
Newfront says Executive Risk services private companies from seed round through every series of funding and describes work with over 500 publicly traded companies, without a crime-specific eligibility threshold. The Hartford’s crime coverage is available to nonprofit organizations, publicly traded companies and privately held companies as part of its management-liability lineup. [3] [4]
What Should You Confirm in Newfront and The Hartford Crime Insurance Quotes?
- Ask The Hartford whether crime sits in Private Choice Premier or on the financial-institutions bond and commercial-crime track. [4]
- Ask Newfront which agreements sit under Fidelity and Crime. [3]
- Get the writing company on the Newfront placement. [3]
- Confirm limits and retentions on both quotes; Newfront’s reviewed page does not publish them. [3] [4]