What Are the Key Differences Between WTW and Zurich U.S. Crime Insurance?
Published coverage detail
Zurich identifies direct loss from employee theft or forgery and separately describes computer fraud and fraudulent instructions to a financial institution. WTW’s published annual-report summary confirms crime solutions in its FINEX practice, but does not set out comparable crime insuring agreements; for a buyer, the WTW proposal and insurer form will need to supply those details. [8] [8] [6]
Provider and policy-document roles
Zurich offers crime as a standalone policy or package solution for public and private companies. WTW’s North American terms describe it as the client’s intermediary and say it reviews binders, policies and endorsements against negotiated terms; that makes the placement and document review part of the WTW process, while the insurer’s policy remains the source for covered loss. [8] [7] [7]
Risk review before a loss
Zurich Resilience Solutions describes a crime-risk assessment followed by specialist recommendations. The WTW materials reviewed document placement and policy-document services, not a crime-specific prevention assessment, so buyers comparing these services should ask what assessment or controls support is included in the proposed engagement. [8] [7]
What Should You Confirm in WTW and Zurich U.S. Crime Insurance Quotes?
- Ask Zurich which policy definitions, limits and conditions apply to employee forgery, computer fraud and fraudulent transfer instructions. [8]
- Ask WTW to identify the proposed insurer, crime form, limit and deductible, then confirm how the binder and final policy will be checked against negotiated terms. [7] [7]