Beazley vs HUB International Crime Insurance

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. ⁵Company-reported. Crime and Fidelity product page; distinguishes the commercial-company product from the financial-institution fidelity bond described on the same page.

HUB brokers commercial crime insurance rather than underwriting the coverage itself. ⁹Company-reported. Crime insurance product page as read 2026-09-23; the page does not name an issuing insurer.

Not described in the reviewed sources.

The crime insurance page does not name an issuing insurer; HUB places crime coverage with carriers that vary by client and placement. ⁹Not found in reviewed sources. Checked the crime insurance product page on 2026-09-23; no carrier is disclosed there.

Beazley markets Commercial Crime to ordinary commercial companies, not to banks or other financial institutions, which it addresses separately through Financial Fidelity Bonds. ⁵Company-reported. Product page target-customer language; no industry list or size threshold is published.

HUB says crime coverage is available for private, public and not-for-profit organizations. ⁹Company-reported. Product-page organization-type list; not a published underwriting appetite by size or industry.

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. ⁵Company-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. ⁵Company-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.

HUB lists crime coverage types it arranges as employee theft, vendor theft, forgery, asset misappropriation, computer fraud and funds transfer fraud. ⁹Company-reported. Product-page coverage list; the issued policy and its exclusions control an actual claim.

HUB cites industry statistics that organizations lose about 5% of revenue to fraud each year, that fraud often takes about 18 months to detect, and that more than 23% of fraud cases result in losses of $1 million or more, to frame the need for crime coverage. ⁹Company-reported. Product-page statistics are company-cited figures, not independently verified by Spot, and are general fraud statistics rather than HUB-specific claims data.

Beazley advertises Commercial Crime limits of up to US $25,000,000. The page does not publish retentions, sub-limits by insuring agreement, or a minimum limit. ⁵Company-reported. Product-page headline limit figure; the page does not split the figure between Commercial Crime and Financial Fidelity Bonds.

Published policy limits, deductibles or premium information for HUB-placed crime coverage were not found on the product page. ⁹Not publicly disclosed. Checked the crime insurance product page on 2026-09-23; limits are set on the quote and declarations.

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. ⁵Company-reported. Company-stated internal process description; no independent claims-handling outcome data is provided.

Not described in the reviewed sources.

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. ⁵Company-reported. Tools & Resources section of the product page; the page does not describe an online quote or self-service purchase flow.

HUB directs prospects to connect with a broker through its business-insurance contact page; no online quote flow is described. ⁹Company-reported. Product-page call to action as read 2026-09-23.

The product page links to Beazley's general claim-notification channel for this line. It does not disclose a claims response-time commitment or a dedicated claims-handling process specific to Commercial Crime. ⁵Not publicly disclosed. Product page "Notify a Claim" link as read on 2026-09-23; response times were not found.

Not described in the reviewed sources.