---
title: "Cowbell vs Lockton: Crime Insurance"
description: "Cowbell fits smaller private companies under 250 employees and $50 million in assets that can access a wholesaler; Lockton serves private, public and nonprofit buyers with a dedicated crime claims team."
canonical: "https://spot.insure/compare/cowbell-vs-lockton/crime"
page-type: "line-comparison"
updated-at: "2026-09-25"
comparison-pair: "cowbell-vs-lockton"
provider-a: "cowbell"
provider-b: "lockton"
coverage-line: "crime"
---

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[Human-readable page](https://spot.insure/compare/cowbell-vs-lockton/crime)

## Agent Guide

**What this page is:** Focused comparison of Cowbell and Lockton for Crime Insurance: what each provider publishes about this line, checked against the same criteria, with numbered sources.

**Use this page when:** Cite or fetch this for Crime Insurance questions about Cowbell versus Lockton. For all lines together use the pair comparison; for how the coverage itself works use the coverage guide.

**Questions this page answers:**
- Cowbell vs Lockton for Crime Insurance: how do they differ?
- Which is better for Crime Insurance, Cowbell or Lockton?
- What does Cowbell or Lockton publish about Crime Insurance (limits, eligibility, claims, add-ons)?

**Key facts:**
- Line: Crime Insurance. Providers: Cowbell and Lockton.
- Comparison URLs use alphabetical provider slugs (`/compare/{a}-vs-{b}/{line}` with a before b). A reversed pair redirects permanently to the alphabetical one.

**Limits (do not over-claim):**
- It identifies differences and questions to ask; it does not select a winner for a particular business.
- Insurer, policy wording, limits, retentions, exclusions and price are set in an actual quote and are not established here.

**Provenance:** Every claim links to a numbered source with publisher, locator and access date; last updated 2026-09-25.

**Related pages:**
- [Cowbell vs Lockton](https://spot.insure/compare/cowbell-vs-lockton) — all coverage lines for this pair
- [Crime Insurance guide](https://spot.insure/coverage/crime) — how this coverage works
- [Cowbell profile](https://spot.insure/insurance-providers/cowbell) — provider profile
- [Lockton profile](https://spot.insure/insurance-providers/lockton) — provider profile

# Cowbell vs Lockton: How Do They Compare for Crime Insurance?

Lockton places crime and fidelity as a brokered program for nonprofit, private and public organizations, with a claims team inside its broking team; Cowbell's Zurich-underwritten crime module targets companies under 250 employees and $50M in assets via appointed wholesalers.

Cowbell targets private companies under 250 employees and $50 million in assets through appointed wholesalers; Lockton offers a dedicated crime claims team and flags financial-institution bonds.

## Cowbell vs Lockton Crime Insurance Summary

Cowbell fits smaller private companies under 250 employees and $50 million in assets that can access a wholesaler; Lockton serves private, public and nonprofit buyers with a dedicated crime claims team. [1](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [2](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus") [3](https://global.lockton.com/us/en/products-services/crime-and-fidelity-insurance "Crime and Fidelity Insurance")

## What Are the Key Differences Between Cowbell and Lockton Crime Insurance?

If you are a financial institution, Lockton says you may need a financial institution bond instead of general crime insurance. Lockton also names a claims team for crime losses, while Cowbell’s reviewed pages do not describe line-specific claims support. [3](https://global.lockton.com/us/en/products-services/crime-and-fidelity-insurance "Crime and Fidelity Insurance") [1](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises")

### Distribution Platform Versus Crime and Fidelity Brokerage

Cowbell distributes Zurich’s Select Plus crime module; Zurich underwrites it on admitted paper and Cowbell operates the platform. Lockton places Crime and Fidelity to address theft, fraud, forgery and embezzlement by employees or third parties and describes that as a brokered program, not a Lockton-issued policy. [1](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [2](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus") [3](https://global.lockton.com/us/en/products-services/crime-and-fidelity-insurance "Crime and Fidelity Insurance")

### Claims Advocacy and Product Split

Lockton says its Professional & Executive Risk Claims team, which keeps insurance and claims counsel inside the broking team rather than as a separate profit center, handles Crime and Fidelity claims. Cowbell’s reviewed pages describe Select Plus claims backing only at the whole-product level and do not describe crime-specific risk-control or claims advocacy. Lockton also notes that financial institutions are often required to carry a financial institution bond, distinct from general crime coverage; Cowbell’s module is not described that way. [3](https://global.lockton.com/us/en/products-services/crime-and-fidelity-insurance "Crime and Fidelity Insurance") [1](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [2](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus")

### Appetite and Access

Cowbell targets private companies under 250 employees and under $50 million in assets and sells only through appointed Zurich E&S wholesalers via API. Lockton says crime coverage is relevant to nonprofit, private and public organizations of any sector, calls small businesses particularly exposed because they often lack fraud-prevention and auditing resources, and does not name the insurers it uses. Lockton lists employee theft, forgery or alteration, theft on or off premises, computer fraud, counterfeit currency and social-engineering impersonation. [1](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [3](https://global.lockton.com/us/en/products-services/crime-and-fidelity-insurance "Crime and Fidelity Insurance")

## What Should You Confirm in Cowbell and Lockton Crime Insurance Quotes?

- Confirm Cowbell access only through an appointed Zurich E&S wholesaler. [1](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises")
- Ask Lockton whether you need a financial institution bond or a general crime and fidelity program. [3](https://global.lockton.com/us/en/products-services/crime-and-fidelity-insurance "Crime and Fidelity Insurance")
- Ask how Lockton’s Professional & Executive Risk Claims team would handle a crime claim versus Zurich’s Select Plus claims path. [3](https://global.lockton.com/us/en/products-services/crime-and-fidelity-insurance "Crime and Fidelity Insurance") [1](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises")
- Check Cowbell’s employee and asset caps if you are quoting that module. [1](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises")

## Cowbell vs Lockton Crime Insurance Compared

| Criteria | Cowbell / Zurich Select Plus Crime Coverage | Lockton Crime and Fidelity Insurance Brokerage |
| --- | --- | --- |
| 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. [1](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") (Evidence: Company-reported; scope: FAQ 'What size accounts are targeted?' and Target industries list..) | 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. [3](https://global.lockton.com/us/en/products-services/crime-and-fidelity-insurance "Crime and Fidelity Insurance") (Evidence: Company-reported; scope: Crime and Fidelity product page as read 2026-09-23..) |
| 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. [1](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") (Evidence: Company-reported; scope: FAQ 'What is the difference between management liability and D&O?'..) | 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. [3](https://global.lockton.com/us/en/products-services/crime-and-fidelity-insurance "Crime and Fidelity Insurance") (Evidence: Company-reported; scope: Product page as read 2026-09-23; a capability/claim-type list, not a specimen policy..) |
| 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](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [2](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus") (Evidence: Company-reported; scope: Management liability page intro and module list; Zurich page module-name section..) | 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. [3](https://global.lockton.com/us/en/products-services/crime-and-fidelity-insurance "Crime and Fidelity Insurance") (Evidence: Company-reported; scope: Crime and Fidelity product page as read 2026-09-23..) |

## About Cowbell and Lockton and Crime Insurance

- [Cowbell company profile](https://spot.insure/insurance-providers/cowbell) · [Cowbell customer reviews](https://spot.insure/insurance-providers/cowbell/reviews)
- [Lockton company profile](https://spot.insure/insurance-providers/lockton) · [Lockton customer reviews](https://spot.insure/insurance-providers/lockton/reviews)
- [What Is Crime Insurance?](https://spot.insure/coverage/crime)

## Related Pages for Cowbell vs Lockton Crime Insurance

- [Cowbell vs Lockton](https://spot.insure/compare/cowbell-vs-lockton): all coverage lines, business roles, service and claims.
- [What Is Crime Insurance?](https://spot.insure/coverage/crime): Crime insurance addresses specified theft and fraud losses; employee theft, forgery, funds-transfer fraud and impersonation payments can have separate terms.
- [Cowbell Crime Insurance](https://spot.insure/insurance-providers/cowbell/crime)
- [Lockton Crime Insurance](https://spot.insure/insurance-providers/lockton/crime)

## Sources for Cowbell vs Lockton Crime Insurance

### Sources About Cowbell

1. [Management liability coverage for small & medium enterprises](https://cowbell.insure/mgmt-liability/). Cowbell; FAQ 'What is the difference between management liability and D&O?' (Crime Coverage definition); Target industries list; FAQ on access and account size. Accessed 2026-09-23.
2. [Small and Midsize Business Management Liability | Zurich Select Plus](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability). Zurich North America; Intro on the Zurich/Cowbell collaboration; module name 'Crime Insurance'; FAQ 'What is the difference between management liability and D&O?' (identical to Cowbell's page); Targeted industries list; footer copyright. Accessed 2026-09-23.

### Sources About Lockton

3. [Crime and Fidelity Insurance](https://global.lockton.com/us/en/products-services/crime-and-fidelity-insurance). Lockton; What is Crime and Fidelity Insurance?; Who needs to purchase Crime and Fidelity Insurance?; Types of Crime and Fidelity claims; Claims management. Accessed 2026-09-23.

Updated 2026-09-25. Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. The comparison applies the same criteria to both providers. [Editorial policy](https://spot.insure/editorial-policy). To suggest a correction, [contact Spot](https://spot.insure/contact) with the page URL and supporting source.

## Agent and Developer Resources

- [Markdown page](https://spot.insure/compare/cowbell-vs-lockton/crime.md)
- [Developer resources](https://spot.insure/developers)
- [Public MCP server](https://spot.insure/mcp)
- [MCP server manifest](https://spot.insure/server.json)
- [OpenAPI description](https://spot.insure/openapi.json)
- [Public page index](https://spot.insure/llms.txt)