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

Gallagher brokers crime, routes small businesses to an advisor and uses peer analysis to help set limits for larger accounts; Beazley underwrites commercial crime and advertises limits up to $25 million.

Beazley advertises crime limits up to $25 million; Gallagher separates small-business and larger-account teams, with peer analysis for larger buyers setting limits. ^1,^2,³

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

Standalone Product Versus Account-Sized Brokerage Teams

Beazley offers Commercial Crime directly and advertises limits up to $25 million. Gallagher places crime through a small-business team or an Executive and Financial Risk practice for larger accounts; the latter describes peer analysis to help set limits. Choose Beazley if you want its standalone product; choose Gallagher for a broker team matched to your account size. ¹ ² ³

How Limits Are Discussed

Beazley advertises Commercial Crime limits of up to US $25,000,000 without publishing retentions or per-agreement sublimits. For larger accounts, Gallagher says its methodology for setting crime coverage limits includes peer analysis using third-party databases and an exposure index developed by the Surety Association of America with the American Institute of Accountants. Neither Gallagher page publishes specific crime coverage limits or premium ranges. ¹ ³ ²

Perils and Intake

Gallagher describes fidelity and crime as covering fraudulent or dishonest acts, including credit-card forgery, computer fraud, funds-transfer fraud, employee fraud, theft and destruction of property. Beazley lists employee theft of money and securities, forgery, on-premises and in-transit loss, computer fraud, client-property loss, credit-card fraud and fraudulent-instruction cover conditioned on out-of-band authentication. Gallagher’s small-business crime page routes buyers to a Connect With An Advisor form. Beazley lists Crime and Social Engineering applications among Tools & Resources. ² ¹

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

Ask Gallagher whether Small Business or Executive and Financial Risk is placing you, and which carrier it proposes. ² ³
If you are a larger account, ask Gallagher to show the peer-analysis and exposure-index work behind the limit. ³
Ask Beazley for the bound limit versus $25 million advertised and whether out-of-band authentication applies. ¹
Confirm whether destruction of property (Gallagher’s list) and in-transit loss (Beazley’s list) are on the quoted forms. ² ¹

Beazley vs Gallagher Crime Insurance Compared

Beazley vs Gallagher: Crime Insurance: documented features by provider

Criteria	Beazley Commercial Crime	Gallagher Small Business Fidelity and 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.	Gallagher recommends this coverage for small businesses exposed to funds-transfer fraud, computer fraud, employee fraud, or destruction of personal property. ²Company-reported. Small-business crime product page "Do you need Fidelity and Crime insurance?" list; 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.	The small-business crime page routes buyers to a Connect With An Advisor form asking for company details, business description, other coverage interests, employee count and annual revenue. ²Company-reported. Product page inquiry form, inspected without submission.
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.	Gallagher describes Fidelity and Crime insurance as covering losses from fraudulent or dishonest acts, including credit card forgery, computer fraud, funds-transfer fraud, employee fraud, theft and destruction of property. ²Company-reported. Small-business crime product page; a coverage description, not a specific policy's insuring agreement or 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.	Gallagher Small Business arranges Fidelity and Crime coverage with outside carriers for small-business clients; its group-level Executive and Financial Risk practice separately places the same coverage for larger accounts. Gallagher does not underwrite either policy. ^2,³Company-reported. Small-business crime product page and the group-level executive-risk practice page.
Risk Services	Beazley says its underwriting and claims professionals for this line work side by side so that, when a claim arises, the original underwriting intent of the policy is respected. ¹Company-reported. Company-stated internal process description; no independent claims-handling outcome data is provided.	For larger accounts, Gallagher says its methodology for setting crime coverage limits includes peer analysis using third-party databases and an exposure index developed by the Surety Association of America with the American Institute of Accountants. ³Company-reported. Group-level executive-risk practice page; not confirmed as applied to the small-business product.