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

Any business handling money, payroll or valuable inventory can use Coverdash, a broker, for a fully digital quote-to-purchase process; Lockton places brokered crime and fidelity programs, with a claims team integrated into its broking team.

Coverdash fits businesses that prefer digital crime buying; Lockton is a broker option for buyers who want a dedicated crime claims team or need to assess a financial-institution bond. ^2,^1,⁴

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

Financial institutions should ask Lockton whether they need a financial institution bond, which Lockton distinguishes from general crime coverage. Coverdash’s reviewed page does not discuss that distinction or describe claims advocacy. ⁴ ¹

Digital Brokerage Versus Claims-Integrated Broking

Coverdash arranges commercial crime as a broker and describes a fully digital quote-to-purchase process. Lockton places Crime and Fidelity as a brokered program and says its Professional & Executive Risk Claims team, which integrates insurance and claims counsel inside the broking team, handles those claims. Coverdash’s reviewed crime pages do not describe a comparable claims-advocacy team. ¹ ² ⁴

Claim Types Lockton Itemizes

Lockton lists employee theft, forgery or alteration, theft on or off premises, computer fraud, counterfeit currency, and social-engineering impersonation involving customers, vendors or employees. Coverdash describes employee theft, forged checks and counterfeit currency, funds-transfer fraud and social engineering. Neither page names a placing insurer; Coverdash also does not publish limits. ⁴ ¹

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

Ask Lockton whether you need a financial institution bond rather than general crime. ⁴
Get both issuing carriers and limits. ⁴ ¹
Ask whether Lockton’s on-or-off-premises theft appears on Coverdash’s placed form. ⁴ ¹
Ask Coverdash how crime and cyber would coordinate; ask Lockton how its claims team would advocate a social-engineering loss. ³ ⁴

Coverdash vs Lockton Crime Insurance Compared

Coverdash vs Lockton: Crime Insurance: documented features by provider

Criteria	Coverdash Commercial Crime Insurance	Lockton Crime and Fidelity Insurance Brokerage
Who It’s For	Coverdash markets commercial crime coverage to any business that handles money, payroll or valuable inventory. ¹Company-reported. Product-page eligibility description; actual acceptance depends on underwriting.	Lockton says crime coverage is relevant to nonprofit, private and public organizations of any sector, and calls out small businesses as particularly exposed because they often lack fraud-prevention and auditing resources. It also notes financial institutions are frequently required to carry a financial institution bond, distinct from general crime coverage. ⁴Company-reported. Crime and Fidelity product page as read 2026-09-23.
Coverage Features	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. ¹Company-reported. Product-page coverage cards; the issued policy and declarations control actual wording, limits and exclusions.	Lockton lists the claim types a crime and fidelity program is meant to address: employee theft, forgery or alteration of negotiable instruments, theft on or off premises, computer fraud, counterfeit currency, and social engineering (impersonation) fraud involving customers, vendors or employees. ⁴Company-reported. Product page as read 2026-09-23; a capability/claim-type list, not a specimen policy.
Role in This Line	Coverdash arranges commercial crime coverage as a broker rather than an insurer, placing coverage with a carrier under its standard brokerage terms. ^2,¹Company-reported. General brokerage terms applied to the crime page; not specific to any one carrier or state.	Lockton places Crime and Fidelity insurance to protect businesses against financial losses from theft, fraud, forgery and embezzlement by employees or third parties; it describes this as a brokered program, not a policy Lockton underwrites. ⁴Company-reported. Crime and Fidelity product page as read 2026-09-23.