Chubb vs 
Founder Shield: How Do They Compare for Crime Insurance?
Founder Shield is a retail brokerage that places crime only with carriers rated A- or higher; Chubb underwrites crime within ForeFront, available on Chubb Marketplace for a target of organizations under 250 employees.
Chubb ForeFront targets firms below 250 employees and $50 million in revenue with digital binding; Founder Shield prioritizes healthcare, financial services, nonprofits, manufacturing and retail. 1,4,5
What Are the Key Differences Between Chubb and Founder Shield Crime Insurance?
Digital Binding Versus Industry-Matched Placement
Chubb’s Marketplace provides ForeFront quotes, binding and issuance; Founder Shield asks for a website or advisor request, then places coverage with carriers it selects for the industry. The Chubb target uses employee and revenue caps; Founder Shield names priority industries but gives no comparable size threshold. 2 3
Cover Branches
Chubb lists social-engineering fraud, employee theft including temporary and contracted workers, client theft of a client’s money or property by an employee, and funds-transfer fraud unreimbursed by the insured’s bank. Founder Shield lists employee dishonesty by an identified employee, forgery or alteration, computer fraud, and funds-transfer fraud from social engineering. 1 3
What Should You Confirm in Chubb and Founder Shield Crime Insurance Quotes?
- Ask Founder Shield which AM Best A- or better carrier is quoting. 5
- Confirm you fit Chubb’s ForeFront size band and ask for crime limits. 2 1
- Confirm Founder Shield’s employee-dishonesty agreement requires an identified employee, and whether Chubb includes temporary and contracted workers. 3 1
- Ask whether client-property theft is on the Chubb form. 1
Chubb vs Founder Shield Crime Insurance Compared
Chubb vs Founder Shield: Crime Insurance: documented features by provider
| Criteria | Chubb ForeFront Portfolio Crime Insurance | Founder Shield Crime Insurance |
|---|---|---|
| Who It’s For | On Chubb Marketplace, the ForeFront Portfolio's target underwriting appetite is organizations with fewer than 250 employees and less than $50 million in revenue. 1Company-reported. Online Ease section; applies to Marketplace-quoted ForeFront business generally, not exclusively Crime coverage. | Founder Shield calls this coverage a priority for healthcare, financial services, non-profit and manufacturing/retail companies because of their exposure to internal or external theft. 3Company-reported. Crime Insurance product page. |
| How to Apply | The ForeFront Portfolio, including Crime coverage, is available on Chubb Marketplace, Chubb's platform for quoting, binding and issuing business digitally. 1,2Company-reported. Online Ease section; agents and brokers use Marketplace to place the policy. | You request Founder Shield Crime Insurance through Founder Shield's website or an insurance advisor rather than binding coverage directly; Founder Shield says its placement team then approaches carriers on the client's behalf. 4,5Company-reported. About-us and carrier-selection pages describe the general placement process, not a line-specific application form. |
| Coverage Features | Chubb lists social engineering fraud, employee theft (including temporary and contracted workers), client theft of a client's money or property by an employee, and funds transfer fraud for losses from fraudulent electronic transfers unreimbursed by the insured's bank. 1Company-reported. Crime Risks: Real & Rising list; illustrated with claim scenarios, not policy wording. | Founder Shield lists employee dishonesty (theft or embezzlement by an identified employee), forgery or alteration of financial instruments, computer fraud, and funds-transfer fraud from social engineering as the branches of crime coverage it places. 3Company-reported. Product page; the issued policy and declarations control actual coverage. |
| Role in This Line | Chubb underwrites Crime Insurance as one of seven coverage parts within its ForeFront Portfolio for private companies, not-for-profit and healthcare organizations, insuring against theft and embezzlement by trusted employees and outsiders. 1Company-reported. ForeFront Portfolio Crime Insurance product sheet. | Founder Shield is a retail insurance brokerage, described on its site as “the innovation arm of The Baldwin Group,” and places Founder Shield Crime Insurance with third-party carriers rather than underwriting the policy itself. 4Company-reported. About-us page; applies to Founder Shield's brokerage model generally, restated here for this line. |
| Issuing Insurer | Chubb's Crime Insurance product sheet states that insurance is provided by ACE American Insurance Company and its U.S.-based Chubb underwriting company affiliates. 1Company-reported. Product sheet insurer-disclosure footer; product and jurisdiction can still change which Chubb affiliate issues a given policy. | Founder Shield says it places policies, including Founder Shield Crime Insurance, only with carriers rated A- or better by AM Best, chosen for the client's industry. It does not name the issuing insurer for this line; that depends on which carrier the policy is placed with. 5Company-reported. General carrier-selection FAQ, not specific to this line's placements. |
