What Are the Key Differences Between Travelers and Zurich U.S. Crime Insurance?
Coverage agreements and fraud triggers
Travelers underwrites fidelity and crime through multiple agreements, listing forgery, money and securities loss, employee dishonesty, funds-transfer fraud, computer fraud and social engineering. Zurich describes employee theft or forgery and defines computer and funds-transfer fraud around direct loss from specified transactions. Buyers should compare how each form treats an impersonated payment request and whether the policy requires a direct financial loss. [5] [7]
Endorsement and risk support
Travelers offers a social-engineering fraud endorsement and publishes related guidance. Zurich describes crime-risk assessments with specialist recommendations. These address different needs: clarify whether the Travelers endorsement changes the base trigger, and whether Zurich’s assessment identifies controls relevant to the account’s fraud process. [5] [7]
Distribution and policy identity
Travelers sells fidelity and crime through an independent agent and says the issuing entity may vary by policy. Zurich offers its own commercial crime products in standalone and package formats. Ask the Travelers agent to name the proposed issuer and form, and ask Zurich which issuing entity and package apply in your state. [5] [7]