What Are the Key Differences Between AIG and Alliance Risk Crime Insurance?
AIG describes an insurer product; Alliance Risk brokers crime placements for organizations with employee and payment exposures.
AIG describes crime insurance as a risk-bearing product for commercial and governmental organizations and says potential coverage includes money, securities, and other assets lost through dishonesty, theft, or fraud. Alliance Risk is a brokerage that arranges crime placements; its described coverage includes employee theft, forgery, fraudulent transfers, social engineering, and burglary. The buyer should compare the forms and exclusions, not assume the broker itself is the insurer. [1] [3]
AIG markets crime insurance for commercial and governmental entities. Alliance Risk arranges placements covering employee theft, forgery, funds transfers, social engineering, and burglary.
Covered crime scenarios and exclusions [1] [3]
What Should You Confirm in AIG and Alliance Risk Crime Insurance Quotes?
- AIG links a CrimeGuard Choice sample policy, while Alliance Risk specifically says business-income loss is excluded unless endorsed, cyber breach belongs under cyber coverage, late-discovered losses are excluded, and owner/partner dishonesty is excluded. Alliance Risk also offers theft of client property by endorsement. Those details may affect a buyer’s fraud controls and discovery procedures; request the actual forms and endorsements before comparing limits. [1]
- Ask AIG for the CrimeGuard form, discovery trigger, and treatment of social engineering. [3]