Get Started

Delaware crime insurance guide

Delaware requires licensed money transmitters to maintain a surety bond whose amount the State Bank Commissioner sets between $100,000 and $500,000. The bond benefits the state and consumers harmed by specified misconduct in money transmission, while the statute excludes claims by employees, agents, business creditors, and third-party service providers. Transmitters should evaluate those statutory limits separately from crime protection for their own employee or vendor losses. 1,2

What Is Crime?

Crime insurance can help reimburse specified business losses from theft and fraud, including employee theft and forgery. Compare those protections separately and ask whether a payment sent after an impersonation scam is covered. Read the national Crime guide.

Delaware Requirements

RequirementDetails
Licensed money transmitter bondA Delaware money-transmission licensee must file an original corporate surety bond. The Commissioner sets the principal amount from $100,000 to $500,000, considering average daily in-state transmission liability, tangible net worth, total assets, and other relevant factors. The bond must run to the State and benefit the Office of the State Bank Commissioner and qualifying consumers. 1

What to Watch for in Delaware

  • Read the bond’s claimant limits

    The statutory bond compensates actual losses for qualifying consumer claims involving a licensee’s wrongful act, omission, default, fraud, or misrepresentation in its money-transmission activity. It does not pay claims made by a business creditor, third-party service provider, agent, or person employed by the licensee. 1

  • Check whether the activity is licensed or exempt

    The licensing requirement applies to providing or holding out money transmission in Delaware. The Code excludes some activities, including certain agents of payees collecting payment for the payee’s goods or services when a written agreement, public-facing agency, discharged payor obligation, and no payor risk of loss are all present. Confirm the facts and any applicable exemption before treating the bond rule as applicable. 2,3

  • Do not use the bond as a proxy for employee coverage

    Because the statute excludes employees and agents as bond claimants, a transmitter should ask separately how a crime policy handles internal dishonesty, collusion, and vendor or delegate conduct. Policy response depends on the actual wording, parties, loss, and conditions. 1

Who Regulates Insurance in Delaware

Delaware Department of Insurance

The Delaware Department of Insurance licenses and regulates insurers and insurance producers, reviews regulated insurance activity, and handles complaints. Its consumer division can help you raise an insurance concern and its services page links to official license searches. 4,5,6

Surplus-lines tax and stamping office

Reported tax rate: 3% of gross premium, less return premium, when Delaware is the home state When Delaware is the insured’s home state, its 3% surplus-lines premium tax applies to the entire premium of a multistate policy, less returned premiums and excluding federal and state taxes and examination fees. Ask the surplus-lines broker to confirm the home-state determination and tax calculation, and separately explain how exposures are allocated in the required reports; those allocations do not reduce the premium subject to Delaware’s tax. 7,8

Providers With Documented State Licenses

These providers publish a national listing for Crime; the state records document licenses for the entities and roles shown below. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm the product is available in Delaware. Check the regulator’s license lookup and confirm state availability for your business when requesting a quote.

  • CoalitionCoalition Insurance Solutions, Inc.Insurance producer, Surplus-lines broker · checked 2026-09-28Coalition’s license page lists producer and surplus-lines licenses for Coalition Insurance Solutions, Inc. in all 50 states and the District of Columbia. The page separately lists insurers; this record covers the brokerage entity only. 10
  • CorgiCorgi Insurance Services, Inc.Insurance producer · checked 2026-09-28Corgi’s company producer-license table lists 50 jurisdictions: 49 states and the District of Columbia, including DC license 3003091619. New Mexico does not appear in the table and is not included here; the omission does not establish that Corgi is unlicensed there. The company-reported table has no stated as-of date and does not establish product availability. 11
  • RiskCubeRiskCube Insurance Services, LLCInsurance producer · checked 2026-09-28RiskCube’s license page, effective February 11, 2026, lists property-and-casualty producer/broker licenses in California and Delaware and names NPN 21694336. The company says it is expanding its licensing footprint; no other states are listed. 14
  • VouchVouch Specialty Insurance Services, LLCInsurance producer, Surplus-lines broker · checked 2026-09-28Vouch’s licenses page, effective January 16, 2025, lists producer licenses in all 50 states and DC. Its separate surplus-lines table includes Idaho number 870820, while a footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses. Because those statements conflict for Idaho, this record keeps Idaho producer-only and does not treat the table number as established agency surplus-lines authority. The page is company-reported and does not establish product availability. 16

Questions to Ask Before You Buy in Delaware

  1. Do our payment flows meet Delaware’s money-transmission definition, or do we satisfy every element of an exemption such as the payee-agent provision?
  2. What liability, net-worth, and asset information did the Commissioner consider when setting our surety bond amount?
  3. How would a loss caused by an employee, agent, or service provider be handled when that person cannot claim under the statutory bond?
  4. Does our crime wording address customer property, social-engineering payments, and dishonest acts involving authorized delegates, and what limits or exclusions apply?

Crime in Delaware: FAQ

How much is the Delaware money-transmitter bond? 1

The Commissioner sets the principal amount between $100,000 and $500,000, considering in-state transmission liability, tangible net worth, total assets, and other relevant factors. 1

Can a Delaware transmitter’s employee claim against that bond for an internal theft loss? 1

The statute says bond compensation is not payable for claims made by a person employed by the licensee. A business should discuss separate insurance options with its broker rather than assume the statutory bond protects it from internal theft. 1

Crime in Other States

Other Coverage in Delaware

Sources

  1. Delaware Code, Title 5, Chapter 23, § 2309, Surety bonds. Delaware General Assembly, Delaware Code Online; Subsections (a)–(i), bond amount, decision factors, beneficiaries, exclusions, and post-cancellation claim period. Chapter and subchapter applicability note refers to 85 Del. Laws, c. 338, § 3; current code text checked September 28, 2026. Accessed 2026-09-28.
  2. Delaware Code, Title 5, Chapter 23, § 2304, License required. Delaware General Assembly, Delaware Code Online; Subsections (a)–(c), prohibited unlicensed activity, authorized delegates, and reference to statutory exemptions; current code text checked September 28, 2026. See also § 2305 for detailed exemptions. Accessed 2026-09-28.
  3. Delaware Code, Title 5, Chapter 23, § 2305, Exemptions. Delaware General Assembly; 5 Del. C. § 2305(a)(2): payee-agent exemption requires agent appointed to collect/process payment for payee’s goods or services (not money transmission itself), written agreement, payee holds agent out, payment extinguishes payor’s obligation, and no payor risk if agent fails to remit. Current code text checked September 28, 2026. Accessed 2026-09-28.
  4. Delaware Department of Insurance. Delaware Department of Insurance; Official Department homepage and regulatory resources. Accessed 2026-09-28.
  5. Services. Delaware Department of Insurance; Department service directory links to the state insurance licensee search. Accessed 2026-09-28.
  6. Consumer Services. Delaware Department of Insurance; Complaint filing and consumer assistance; publishes Consumer Services phone. Accessed 2026-09-28.
  7. Surplus Lines Bulletin 22. Delaware Department of Insurance; Surplus Lines Bulletin 22 (October 2025; printed day is blank), reproducing 18 Del. C. § 1925: home-state tax treatment, all premium on multistate policy if Delaware is home state, 3% rate, and exclusion of federal/state taxes and examination fees from gross premium. Accessed 2026-09-28.
  8. Delaware Code, Title 18, §§1923–1925. Delaware General Assembly; §1923(a)(1),(12) home-state verification and allocation records; §1924(b)(3)–(6) separate premium reporting; §1925(b)–(c) 3% tax, deductions/exclusions and full multistate premium when Delaware is home state. Accessed 2026-09-28.
  9. Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
  10. Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
  11. Insurance Producer Licenses. Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown. Accessed 2026-09-28.
  12. About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
  13. Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
  14. Licenses & Disclosures. RiskCube; Property & Casualty Producer/Broker Licenses; February 11, 2026 version. Accessed 2026-09-16.
  15. Insurance Licenses by State. TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number. Accessed 2026-09-28.
  16. Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.

Updated .

This guide is informational and does not determine whether a policy is available or meets your needs. Editorial policy. To suggest a correction, contact Spot with a supporting source.

Get Help With Insurance Buying and Renewals.

Get help buying coverage and managing renewals, with less paperwork for your team. Start with a free consultation.

Talk to Spot