Cowbell vs Embroker: How Do They Compare for Crime Insurance?

Cowbell's crime module, underwritten by Zurich, targets private companies under 250 employees and $50M in assets and is open only to appointed wholesalers; Embroker offers standalone crime priced on employee count, revenue and financial controls.

Cowbell fits private companies under 250 employees and $50 million in assets that can access an appointed wholesaler; Embroker gives smaller businesses a standalone policy or BOP/D&O add-on and lists exclusions for income loss and executive collusion. ^1,^2,³

What Are the Key Differences Between Cowbell and Embroker Crime Insurance?

Cowbell’s access and size rules can rule it out before you compare wording: you need an appointed wholesaler, and the target is below 250 employees and $50 million in assets. Embroker offers a general quote path and spells out exclusions to review. ¹ ³

How Crime Is Packaged

Cowbell’s crime coverage is a module in Zurich’s Select Plus management-liability product: Cowbell operates the platform and Zurich underwrites the module. Embroker sells commercial crime as a standalone policy and says smaller businesses sometimes add it as an endorsement to a BOP or a directors and officers policy. ¹ ² ³

How You Obtain a Quote

Cowbell’s module is accessed only by appointed Zurich E&S wholesalers through the Cowbell platform’s API; it is not sold directly to businesses. Embroker’s reviewed crime page directs buyers to a general Get a Quote link rather than a dedicated online crime flow. ¹ ³

Coverage Descriptions

Cowbell describes crime as protecting against theft, fraud and embezzlement by employees or third parties. Embroker lists employee theft (including shoplifting, embezzlement and larceny), third-party theft, forgery, digital fraud, money laundering, counterfeit currency and social-engineering fraud, then names exclusions: ¹ ³

Embroker says the policy excludes loss of income, indirect losses, crimes committed by executives or partners in coordination with employees, third-party liabilities from crime losses, and cybercrime losses involving stolen patents, trade secrets or customer lists. ³Company-reported. Product-page What's not included section.

What Should You Confirm in Cowbell and Embroker Crime Insurance Quotes?

Confirm an appointed Zurich E&S wholesaler if you want the Cowbell module. ¹
Ask Embroker whether the quote is standalone crime, a BOP or D&O endorsement, or a fidelity bond. ³
Check headcount and assets against Cowbell’s under-250-employee and under-$50-million-asset target. ¹
Match Embroker’s income-loss and collusion exclusions to the bound forms. ³ ¹

Cowbell vs Embroker Crime Insurance Compared

Cowbell vs Embroker: Crime Insurance: documented features by provider

Criteria	Cowbell / Zurich Select Plus Crime Coverage	Embroker Commercial Crime Insurance
Who It’s For	Cowbell targets this crime module at private companies with under 250 employees and under $50M in assets, across the same target industries listed for the broader Select Plus product. ¹Company-reported. FAQ 'What size accounts are targeted?' and Target industries list.	Embroker points to businesses that hire part-time staff, handle cash transactions, manage inventory or expensive equipment, or handle customer data and digital transactions as more exposed and more likely to need the coverage. ³Company-reported. Product-page 'Who benefits most' section; not a formal underwriting appetite statement.
Coverage Features	Cowbell describes crime coverage as protecting against losses resulting from criminal acts such as theft, fraud, and embezzlement committed by employees or third parties. ¹Company-reported. FAQ 'What is the difference between management liability and D&O?'.	Embroker lists coverage for employee theft (including shoplifting, embezzlement and larceny), third-party theft, forgery, digital fraud, money laundering, counterfeit currency and social engineering fraud. ³Company-reported. Product-page What's covered section; the issued policy and declarations control. Embroker says the policy excludes loss of income, indirect losses, crimes committed by executives or partners in coordination with employees, third-party liabilities from crime losses, and cybercrime losses involving stolen patents, trade secrets or customer lists. ³Company-reported. Product-page What's not included section. Embroker distinguishes fidelity bonds from crime insurance: it says a crime policy typically carries higher limits, while a fidelity bond can reimburse customers who suffer crime-related damages. ³Company-reported. Product-page FAQ comparing fidelity bonds and commercial crime insurance.
Role in This Line	Crime coverage is one module within Cowbell's distribution of Zurich's Select Plus management liability product; Cowbell operates the platform, Zurich underwrites the module. Zurich's own page lists 'Crime Insurance' as one of the four modules a buyer can combine. ^1,²Company-reported. Management liability page intro and module list; Zurich page module-name section.	Embroker sells commercial crime as a standalone policy and says smaller businesses sometimes add crime coverage as an endorsement to a BOP or a directors and officers policy instead. ³Company-reported. Product-page description; not a statement about the issuing insurer.

Criteria

Cowbell / Zurich Select Plus Crime Coverage

Embroker Commercial Crime Insurance

Who It’s For

Cowbell targets this crime module at private companies with under 250 employees and under $50M in assets, across the same target industries listed for the broader Select Plus product. ¹Company-reported. FAQ 'What size accounts are targeted?' and Target industries list.

Embroker points to businesses that hire part-time staff, handle cash transactions, manage inventory or expensive equipment, or handle customer data and digital transactions as more exposed and more likely to need the coverage. ³Company-reported. Product-page 'Who benefits most' section; not a formal underwriting appetite statement.

Coverage Features

Cowbell describes crime coverage as protecting against losses resulting from criminal acts such as theft, fraud, and embezzlement committed by employees or third parties. ¹Company-reported. FAQ 'What is the difference between management liability and D&O?'.

Embroker lists coverage for employee theft (including shoplifting, embezzlement and larceny), third-party theft, forgery, digital fraud, money laundering, counterfeit currency and social engineering fraud. ³Company-reported. Product-page What's covered section; the issued policy and declarations control.

Embroker distinguishes fidelity bonds from crime insurance: it says a crime policy typically carries higher limits, while a fidelity bond can reimburse customers who suffer crime-related damages. ³Company-reported. Product-page FAQ comparing fidelity bonds and commercial crime insurance.

Role in This Line

Crime coverage is one module within Cowbell's distribution of Zurich's Select Plus management liability product; Cowbell operates the platform, Zurich underwrites the module. Zurich's own page lists 'Crime Insurance' as one of the four modules a buyer can combine. ^1,²Company-reported. Management liability page intro and module list; Zurich page module-name section.

Embroker sells commercial crime as a standalone policy and says smaller businesses sometimes add crime coverage as an endorsement to a BOP or a directors and officers policy instead. ³Company-reported. Product-page description; not a statement about the issuing insurer.