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

Gallagher sends small businesses to an advisor form and uses peer analysis to set limits for larger accounts; Lockton brokers crime and fidelity for organizations of any sector, with claims handled inside its broking team.

Gallagher supports small businesses and uses peer analysis to set larger-account crime limits; Lockton serves private, public and nonprofit organizations and provides claims support through its Professional & Executive Risk team. ^2,^1,³

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

Lockton names a dedicated crime claims team, while Gallagher describes its account-size-specific brokerage and limit-setting method. Financial institutions should ask Lockton whether they need a financial institution bond instead of general crime coverage. ³ ²

Two Brokered Fidelity and Crime Practices

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; Gallagher does not underwrite. Lockton places Crime and Fidelity as a brokered program against theft, fraud, forgery and embezzlement by employees or third parties, not as a Lockton-issued policy. ¹ ² ³

Listed Claim Types

Gallagher describes coverage for fraudulent or dishonest acts including credit-card forgery, computer fraud, funds-transfer fraud, employee fraud, theft and destruction of property. Lockton lists employee theft, forgery or alteration of negotiable instruments, theft on or off premises, computer fraud, counterfeit currency, and social-engineering impersonation involving customers, vendors or employees. ¹ ³

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

Ask Gallagher whether the quote is small-business or executive-risk, and whether peer-analysis limits apply. ¹ ²
Ask Lockton whether you need a financial institution bond or general crime and fidelity. ³
Ask how Lockton’s Professional & Executive Risk Claims team would handle a crime loss. ³
Compare social-engineering impersonation on Lockton with Gallagher’s funds-transfer fraud wording on the bound forms. ³ ¹

Gallagher vs Lockton Crime Insurance Compared

Gallagher vs Lockton: Crime Insurance: documented features by provider

Criteria	Gallagher Small Business Fidelity and Crime Insurance	Lockton Crime and Fidelity Insurance Brokerage
Who It’s For	Gallagher recommends this coverage for small businesses exposed to funds-transfer fraud, computer fraud, employee fraud, or destruction of personal property. ¹Company-reported. Small-business crime product page "Do you need Fidelity and Crime insurance?" list; 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. ³Company-reported. Crime and Fidelity product page as read 2026-09-23.
Coverage Features	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. ¹Company-reported. Small-business crime product page; a coverage description, not a specific policy's insuring agreement or 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. ³Company-reported. Product page as read 2026-09-23; a capability/claim-type list, not a specimen policy.
Role in 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. ^1,²Company-reported. Small-business crime product page and the group-level executive-risk practice page.	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. ³Company-reported. Crime and Fidelity product page as read 2026-09-23.