Beazley vs Coverdash: How Do They Compare for Crime Insurance?

Coverdash, a broker rather than an insurer, markets crime to any business handling money, payroll or valuable inventory, with a fully digital quote-to-purchase flow; Beazley underwrites commercial crime, advertising limits up to $25 million.

Coverdash is a broker you can buy crime cover from online, bundled with other policies, but it doesn't publish limits or name the insurer. Beazley writes its own Commercial Crime policy through application forms, with limits up to $25 million. ^1,^3,²

What Are the Key Differences Between Beazley and Coverdash Crime Insurance?

Buy Online or Apply for a Large Limit

Coverdash describes a fully digital process from quote to purchase and lets you add other coverages in the same flow; Beazley lists downloadable application forms (a Crime application, a Massachusetts version and a separate Social Engineering application) and no online purchase. Beazley advertises limits up to $25 million, while Coverdash publishes no limit or deductible at all. Choose Coverdash if you're a small business that handles money, payroll or inventory and wants crime cover bought online with your other policies; choose Beazley if you need a high limit from a named insurer. ² ¹

Wire Fraud Conditions and Client Property

Both cover employee theft, forgery and fraudulent funds-transfer instructions from a social-engineering scam. Beazley's version pays only if you verified the payment instruction through a separate channel, a condition it will lift for insureds with documented controls at extra premium, and it also lists client-property and credit-card fraud losses. Coverdash's page doesn't describe conditions on its social-engineering cover or mention client property. ¹ ²

Who Stands Behind the Policy

Beazley underwrites the policy itself and says its underwriters and claims staff work together so claims follow the policy's original intent. Coverdash places your crime cover with an insurer under its brokerage terms and says it does no underwriting, so the claim will be paid by a carrier you need to identify before you buy. ¹ ³

What Should You Confirm in Beazley and Coverdash Crime Insurance Quotes?

Get Coverdash's issuing insurer and the limit and deductible it quotes; the crime page lists neither. ²
Ask Beazley for the quoted limit, retention, social-engineering sublimit and the exact out-of-band authentication wording. ¹
If you also buy cyber through Coverdash, ask which policy pays a funds-transfer fraud loss; its crime and cyber pages are separate. ⁴
Confirm whether client-property loss, which Beazley lists, is on the Coverdash-placed form. ¹ ²

Beazley vs Coverdash Crime Insurance Compared

Beazley vs Coverdash: Crime Insurance: documented features by provider

Criteria	Beazley Commercial Crime	Coverdash Commercial Crime Insurance
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.	Coverdash markets commercial crime coverage to any business that handles money, payroll or valuable inventory. ²Company-reported. Product-page eligibility description; actual acceptance depends on underwriting.
How to Apply	Beazley lists a standalone Crime application, a Massachusetts-specific Crime application and a separate Social Engineering application among its Tools & Resources, distinct from the Financial Fidelity Bond application forms on the same page. ¹Company-reported. Tools & Resources section of the product page; the page does not describe an online quote or self-service purchase flow.	Coverdash describes a fully digital quote-to-purchase process for commercial crime coverage, with the option to add other coverages alongside it. ²Company-reported. Product-page company information and cross-sell section.
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.	Coverdash describes commercial crime coverage as protecting against employee theft of money, property or assets, forged checks and counterfeit currency, fraudulent funds-transfer instructions, and losses when an employee is tricked by social engineering into sending funds to a bad actor. ²Company-reported. Product-page coverage cards; the issued policy and declarations control actual wording, limits and exclusions.
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.	Coverdash arranges commercial crime coverage as a broker rather than an insurer, placing coverage with a carrier under its standard brokerage terms. ^3,²Company-reported. General brokerage terms applied to the crime page; not specific to any one carrier or state.