What Are the Key Differences Between The Hartford and Travelers Crime Insurance?
How the Product Is Sold
The Hartford offers a separate financial-institutions bond and commercial-crime option; Travelers sells crime through independent agents as part of Management & Professional Liability. [3] [6]
What Each Describes as Covered
The Hartford says crime insurance helps cover business-related crimes like employee theft, forgery or robbery, with an example of an employee stealing money from a cash register. Travelers says the coverage addresses forgery or alteration, loss of money and securities, and claim-expense reimbursement, and lists employee dishonesty and theft, funds-transfer fraud, computer fraud, employee fraud and social-engineering fraud, plus a social-engineering fraud endorsement. [3] [6]
Who It Is Marketed To
The Hartford makes crime available to nonprofit organizations, publicly traded companies and privately held companies as part of its management-liability lineup. Travelers markets fidelity and crime to nonprofit organizations, private companies and public companies, bought through a Travelers independent agent. Travelers does not publish limits, deductibles or premiums as policy terms. [3] [6]
What Should You Confirm in The Hartford and Travelers Crime Insurance Quotes?
- Ask The Hartford whether crime is quoted inside Private Choice Premier or as financial-institutions bond and commercial crime (fidelity). [3]
- Ask which Travelers affiliate issues the policy and which insuring agreements and the social-engineering endorsement are attached. [6]
- Match Travelers’ named fraud types against the Hartford wording on the quote, which the public page illustrates with theft, forgery and robbery. [6] [3]
- Confirm you are buying Travelers through an independent agent. [6]