Founder Shield vs 
Travelers: How Do They Compare for Crime Insurance?
Founder Shield's placement team approaches carriers rated A- or higher after you request cover online or via an advisor; Travelers underwrites fidelity and crime itself, bought through an independent agent, with a social engineering fraud endorsement.
Founder Shield targets healthcare, finance, nonprofits and manufacturing with listed crime agreements; Travelers serves private, public and nonprofit organizations and offers an optional social-engineering endorsement through independent agents. 3,1,4
What Are the Key Differences Between Founder Shield and Travelers Crime Insurance?
Founder Shield lists four crime branches and a sector-based appetite, so compare the policy wording for your specific payment risks. 4 1
Brokered A-Rated Paper Versus Travelers as Insurer
Founder Shield places crime with third-party carriers rated A- or better by AM Best. Travelers underwrites fidelity and crime itself through multiple insuring agreements under Management & Professional Liability; the product-page disclosure names Travelers Casualty and Surety Company of America and affiliates, while noting the issuing entity can vary. 3 2 4
How You Buy
You request Founder Shield coverage through its website or an advisor, and its team approaches carriers. Fidelity and crime at Travelers is bought through a Travelers independent agent. 2 3 4
Endorsement and Audience
Travelers lists forgery or alteration, loss of money and securities, claim-expense reimbursement, employee dishonesty, funds-transfer fraud, computer fraud and social-engineering fraud, and it offers a social-engineering fraud endorsement plus Coverage 101 resources; it markets to nonprofits, private companies and public companies. Founder Shield lists four branches including funds-transfer fraud from social engineering and names healthcare, financial services, non-profits and manufacturing/retail; its reviewed pages do not describe a separate social-engineering endorsement. 4 1
What Should You Confirm in Founder Shield and Travelers Crime Insurance Quotes?
- Ask Travelers whether the social-engineering fraud endorsement is on the quote. 4
- Ask Founder Shield which A-rated carrier it is placing versus which Travelers company issues. 3 4
- Confirm whether you must use a Travelers independent agent or a Founder Shield advisor. 4 2
- Compare claim-expense reimbursement on Travelers with Founder Shield’s bound form. 4 1
Founder Shield vs Travelers Crime Insurance Compared
Founder Shield vs Travelers: Crime Insurance: documented features by provider
| Criteria | Founder Shield Crime Insurance | Travelers Fidelity & 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. | Travelers markets fidelity and crime coverage to nonprofit organizations, private companies and public companies. 4Company-reported. Product page "Who is fidelity and crime coverage right for?" section. |
| 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. | Fidelity and crime coverage is bought through a Travelers independent agent. 4Company-reported. Product page "Find an insurance agent" call to action. |
| 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. | Travelers says the coverage addresses loss from forgery or alteration, loss of money and securities, and reimbursement for claim expenses, protecting against threats such as employee dishonesty and theft, funds transfer fraud, computer fraud, employee fraud and social engineering fraud. 4Company-reported. Product page "What is fidelity and crime coverage?" and "Types of fidelity and crime claims" sections; exact terms and exclusions are set by the issued policy. |
| 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. | Travelers underwrites fidelity and crime coverage through multiple insuring agreements sold under the Management & Professional Liability line, rather than as a single fixed policy. 4Company-reported. Product page "What is fidelity and crime coverage?" section. |
| Issuing Insurer | 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. 3Company-reported. General carrier-selection FAQ, not specific to this line's placements. | The product page's video disclosure names Travelers Casualty and Surety Company of America and its property casualty affiliates; the specific issuing entity for a given policy can vary. 4Company-reported. Product page video legal footer. |
