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

Beazley underwrites Commercial Crime for commercial companies, advertising limits up to $25,000,000. Relm Insurance sells crime coverage through brokers and lists digital-asset and smart-contract crime products alongside it.

Relm writes crime for companies holding digital assets, underwriting flash-loan and oracle-manipulation attacks alongside embezzlement and funds-transfer fraud. Beazley's Commercial Crime covers conventional theft and fraud for ordinary commercial companies, not banks. ^1,²

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

Crypto and DeFi Companies vs Conventional Businesses

Relm lists three crime products, Commercial Crime, Digital Asset Crime and Smart Contract Crime, and says crime cover matters for any business holding fiat or digital assets. ² Beazley's Commercial Crime is for ordinary commercial companies; banks and other financial institutions go to its separate Financial Fidelity Bonds. ¹ Choose Relm if you hold crypto, run a DeFi protocol or depend on smart contracts; choose Beazley if you are a conventional business that needs employee-theft and wire-fraud cover with limits up to $25 million.

What Each Crime Policy Covers

Beazley lists employee theft of money and securities, forgery, on-premises and in-transit loss, counterfeit currency, computer fraud, client-property loss and credit-card fraud. Its wire-fraud cover requires out-of-band verification of payment instructions unless you pay extra and document your controls. ¹ Relm names embezzlement, forgery and funds-transfer fraud, and says its underwriting also weighs flash-loan attacks that drain DeFi liquidity and oracle manipulation of smart contracts, risks Beazley's page does not address. ²

Limits and How You Buy

Beazley advertises limits up to US $25,000,000 and publishes Crime and Social Engineering applications. ¹ Relm sells through brokers and does not name the insurer that issues its crime policies. ²

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

Ask Relm whether you are quoting Commercial Crime, Digital Asset Crime or Smart Contract Crime, and what limit each carries. ²
If you hold digital assets, ask Beazley in writing whether its form would respond to a flash-loan or oracle-manipulation loss. ¹
Ask Beazley whether your quote keeps the out-of-band authentication condition on wire-fraud cover. ¹
Get the issuing insurer from Relm. ²

Beazley vs Relm Insurance Crime Insurance Compared

Beazley vs Relm Insurance: Crime Insurance: documented features by provider

Criteria	Beazley Commercial Crime	Relm 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.	Relm says crime coverage is relevant for any business that holds assets, whether fiat or digital, arguing that even strong security controls leave a gap the insurance can close. ²Company-reported. Crime page 'Who Needs Crime Coverage?' section; not a guarantee of eligibility for a particular company.
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.	Relm sells crime insurance coverage through insurance brokers; its reviewed pages do not describe a direct online quote. ²Company-reported. Crime page framing; consistent with Relm's broader broker-distribution model.
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.	Relm's commercial crime coverage addresses traditional theft such as embezzlement, forgery and funds transfer fraud, alongside crime risks tied to digital infrastructure and alternative asset models. ²Company-reported. Crime page 'What is Commercial Crime Coverage?' section; the issued policy and declarations control. Relm says its crime underwriting considers emerging attack methods such as flash-loan attacks that drain DeFi protocol liquidity and oracle manipulation that tricks smart contracts into faulty decisions, in addition to legacy fraud vulnerabilities. ²Company-reported. Crime page 'What Crime Risks Do Innovative Companies Face?' section; describes underwriting focus, not specific policy wording.
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.	Relm lists Commercial Crime as one of three crime products (alongside Digital Asset Crime and Smart Contract Crime, covered in Relm's separate digital-assets offering record) on its crime insurance line-of-business page. ²Company-reported. Relm line-of-business page (Relm sells through brokers); not a statement identifying the issuing insurer for a given placement.