What Are the Key Differences Between Travelers and USI Insurance Services Crime Insurance?
Carrier Versus Broker
Travelers presents fidelity and crime under Management & Professional Liability, with agreements for forgery, money and securities, employee dishonesty, funds-transfer, computer and social-engineering fraud. USI brokers standalone crime and ExecuSafe reviews; its reviewed pages do not name the issuing insurer. [5] [7] [8]
Named Agreements Versus Catalogue Listing
Travelers says the coverage addresses forgery or alteration, loss of money and securities, claim-expense reimbursement, employee dishonesty and theft, funds-transfer fraud, computer fraud, employee fraud and social-engineering fraud, and offers a social-engineering fraud endorsement. USI lists crime among coverages for business-services clients and describes it as covering employee theft and related fraud, without publishing those separate agreements. [5] [7]
Who Buys and How
Travelers markets to nonprofits, private companies and public companies and sells through a Travelers independent agent. USI’s Business Services practice targets building and maintenance, repair, janitorial, staffing and printing companies, with ExecuSafe aimed at management-liability review, and directs email to published business-services or Select Business inboxes. USI describes claim advocacy and ExecuSafe gap checks; Travelers publishes Coverage 101 and social-engineering resources. Neither page publishes crime limits as policy terms. [5] [7] [8]
What Should You Confirm in Travelers and USI Insurance Services Crime Insurance Quotes?
- Ask which Travelers affiliate issues the policy and which agreements and the social-engineering endorsement attach. [5]
- Get USI’s issuing carrier and whether the quote is standalone or ExecuSafe. [7] [8]
- Compare computer-fraud and funds-transfer wording on the USI-placed form against Travelers. [5] [7]
- Confirm Travelers is bought through an independent agent. [5]