Founder Shield vs 
Gallagher: How Do They Compare for Crime Insurance?
Founder Shield, a retail brokerage, places crime only with carriers rated A- or higher and stresses healthcare, finance, nonprofit and manufacturing or retail risks; Gallagher arranges crime with outside carriers, using an advisor form for small businesses.
Founder Shield targets healthcare, financial services, nonprofits and manufacturing or retail and screens carriers for an AM Best A- or better financial-strength rating; Gallagher serves small businesses and uses peer analysis to set larger-account limits. 3,1,4,5
What Are the Key Differences Between Founder Shield and Gallagher Crime Insurance?
A-Rated Placement Screen Versus Two Gallagher Desks
Founder Shield places crime with third-party carriers it says are rated A- or better by AM Best, matched to the client’s industry. Gallagher Small Business arranges Fidelity and Crime with outside carriers for small-business clients, and its Executive and Financial Risk practice places the same coverage for larger accounts; neither Gallagher page names an issuer, and Gallagher does not underwrite. 3 2 4 5
Industry Priorities Versus Fraud-Exposure List
Founder Shield calls crime a priority for healthcare, financial services, non-profit and manufacturing/retail companies. Gallagher recommends Fidelity and Crime for small businesses exposed to funds-transfer fraud, computer fraud, employee fraud or destruction of personal property. 1 4
Limit Method and Coverage Branches
For larger accounts Gallagher describes setting crime limits with peer analysis using third-party databases and an exposure index from the Surety Association of America and the American Institute of Accountants. Founder Shield’s reviewed pages do not publish a crime limit method or amounts. Founder Shield lists employee dishonesty by an identified employee, forgery or alteration, computer fraud, and funds-transfer fraud from social engineering. Gallagher lists credit-card forgery, computer fraud, funds-transfer fraud, employee fraud, theft and destruction of property. You request Founder Shield coverage through its site or an advisor; Gallagher uses a Connect With An Advisor form. 5 4 1 2
What Should You Confirm in Founder Shield and Gallagher Crime Insurance Quotes?
- Ask Founder Shield which A-rated carrier is issuing crime. 3
- Ask Gallagher whether the quote is small-business or executive-risk, and whether peer-analysis limits apply. 4 5
- Compare destruction-of-property wording on Gallagher with Founder Shield’s four listed branches. 4 1
- Confirm whether “identified employee” language on Founder Shield’s description appears in the bound form. 1
Founder Shield vs Gallagher Crime Insurance Compared
Founder Shield vs Gallagher: Crime Insurance: documented features by provider
| Criteria | Founder Shield Crime Insurance | Gallagher Small Business Fidelity and Crime Insurance |
|---|---|---|
| Who It’s For | 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. 1Company-reported. Crime Insurance product page. | Gallagher recommends this coverage for small businesses exposed to funds-transfer fraud, computer fraud, employee fraud, or destruction of personal property. 4Company-reported. Small-business crime product page "Do you need Fidelity and Crime insurance?" list; actual acceptance depends on underwriting. |
| How to Apply | 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. 2,3Company-reported. About-us and carrier-selection pages describe the general placement process, not a line-specific application form. | The small-business crime page routes buyers to a Connect With An Advisor form asking for company details, business description, other coverage interests, employee count and annual revenue. 4Company-reported. Product page inquiry form, inspected without submission. |
| Coverage Features | 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. 1Company-reported. Product page; the issued policy and declarations control actual coverage. | Gallagher describes Fidelity and Crime insurance as covering losses from fraudulent or dishonest acts, including credit card forgery, computer fraud, funds-transfer fraud, employee fraud, theft and destruction of property. 4Company-reported. Small-business crime product page; a coverage description, not a specific policy's insuring agreement or exclusions. |
| Role in This Line | 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. 2Company-reported. About-us page; applies to Founder Shield's brokerage model generally, restated here for this line. | Gallagher Small Business arranges Fidelity and Crime coverage with outside carriers for small-business clients; its group-level Executive and Financial Risk practice separately places the same coverage for larger accounts. Gallagher does not underwrite either policy. 4,5Company-reported. Small-business crime product page and the group-level executive-risk practice page. |
