Beazley vs 
CFC: How Do They Compare for Crime Insurance?
Beazley underwrites commercial crime with a social-engineering insuring agreement and limits up to $25 million; CFC includes crime inside its US Management Liability package, which declines California-domiciled and US public companies.
Beazley offers standalone crime up to $25 million; CFC bundles crime with management liability but excludes California-domiciled and U.S. publicly traded companies. 1,2,3
What Are the Key Differences Between Beazley and CFC Crime Insurance?
Standalone Commercial Crime Versus a Package Module
Beazley offers Commercial Crime as a standalone product; CFC includes crime in its US Management Liability package and separately describes employee infidelity and third-party fraud in a fintech package. Choose Beazley if you need a standalone quote; choose CFC if its package fits and you want combined management-liability coverage. 1 2 4
Limits You Can See in Public Materials
Beazley advertises Commercial Crime limits of up to US $25,000,000 without publishing retentions or per-agreement sublimits. CFC’s brochure does not publish a dollar limit, sublimit or retention for crime; those figures appear only on the quote and declarations. 1 2
Appetite and Social Engineering
Beazley markets Commercial Crime to ordinary commercial companies, not banks. CFC’s brochure lists California-domiciled business and US publicly traded companies among risks it declines for the package that carries this crime coverage. Beazley says fraudulent-instruction (social-engineering) cover is included, conditioned on out-of-band authentication of payment instructions. CFC’s brochure describes company crime including employee theft, funds-transfer fraud, and credit-card and currency fraud, plus client crime and on- or off-premises theft, without that out-of-band condition on the reviewed pages. 1 2
Applications and Claims
Beazley lists a standalone Crime application, a Massachusetts-specific Crime application and a separate Social Engineering application among Tools & Resources. CFC provides a US claim-notification route by phone, email and online form and says a dedicated claims adjuster manages a claim from notification through resolution. Beazley’s product page links to a general claim-notification channel and does not disclose a crime-specific response-time commitment. CFC’s regulatory page does not name the carrier or syndicate that would issue a given US crime policy. 1 6 5
What Should You Confirm in Beazley and CFC Crime Insurance Quotes?
- Ask CFC whether crime is inside the management package or the fintech package, and whether California domicile or public-company status blocks the quote. 2 4
- Ask Beazley for the bound limit versus the advertised $25 million maximum and whether the Social Engineering application applies. 1
- Get CFC’s issuing syndicate or carrier for the US policy. 5
Beazley vs CFC Crime Insurance Compared
Beazley vs CFC: Crime Insurance: documented features by provider
| Criteria | Beazley Commercial Crime | CFC Crime |
|---|---|---|
| Who It’s For | Beazley markets Commercial Crime to ordinary commercial companies, not to banks or other financial institutions, which it addresses separately through Financial Fidelity Bonds. 1Company-reported. Product page target-customer language; no industry list or size threshold is published. | CFC's brochure lists California-domiciled business and US publicly traded companies among the risks it declines for the package that carries this crime coverage. 2Company-reported. Brochure's 'What we decline' list; underwriting still applies to any individual business. |
| Coverage Features | Beazley says Commercial Crime protects an organization from loss of money and securities caused by theft by its own employees, plus third-party-related losses such as forgery or alteration, on-premises and in-transit loss, money-order and counterfeit-currency fraud, computer fraud, client-property loss, credit-card fraud and related expense coverage. 1Company-reported. Product-page description of insuring agreements; exclusions, conditions and available sub-limits appear only in the issued policy. Beazley says its Commercial Crime policy includes a fraudulent-instruction (social-engineering) insuring agreement covering losses from wire transfers made on instructions from someone posing as a vendor, client or authorized employee, and that this cover is conditioned on out-of-band authentication of payment instructions. 1Company-reported. Product-page description; Beazley says the out-of-band-authentication condition can be removed for insureds with documented controls and response plans, subject to an additional premium. | CFC's brochure describes company crime cover including employee theft, funds transfer fraud, and credit card and currency fraud. 2Company-reported. Brochure's 'Crime cover' description; the issued policy wording determines the actual insuring agreements and any sub-limits. The brochure also lists client crime, meaning fraud by clients or their staff, and on-premises and off-premises theft, as part of the crime section. 2Company-reported. Brochure's 'Crime cover' description. CFC separately sells crime coverage for employee infidelity and third-party fraud within its fintech package. The reviewed pages do not state whether that fintech crime coverage is the same crime coverage sold inside the management-liability package. 4,2Company-reported. Fintech product page compared against the management-liability brochure; both accessed 2026-09-23. This does not establish overlap or difference in wording between the two products. |
| Role in This Line | Beazley underwrites Commercial Crime insurance for commercial companies. The same product page separately describes Financial Fidelity Bonds, a related but distinct product line for financial institutions. 1Company-reported. Crime and Fidelity product page; distinguishes the commercial-company product from the financial-institution fidelity bond described on the same page. | CFC includes crime coverage inside its US Management Liability package. The reviewed management-liability materials do not offer it as a standalone product within that package. 2,3Company-reported. Management-liability product page and brochure; package composition as CFC describes it. |
