Cyber Insurance vs. Crime Insurance: What’s the Difference?

A cyber policy can include first-party response costs, privacy liability, and sometimes crime-related extensions. Crime insurance commonly addresses specified financial losses such as employee theft or funds-transfer fraud, depending on its form. Chubb lists computer fraud, funds-transfer fraud, and social-engineering fraud as cyber-crime endorsements in its product; this illustrates that the categories can overlap and that an endorsement may be needed.

Map each scenario separately: a hacked account, a fraudulent vendor wire, employee theft, and breach response may trigger different agreements. Compare definitions of money, securities, computer fraud, employee, voluntary transfer, and covered event. Check limits, retentions, proof requirements, and exclusions across both policies. Do not assume two policies stack or that one insurer will pay first; review other-insurance clauses and coordinate with the broker.