What Are the Key Differences Between Alliance Risk and Embroker Crime Insurance?
Which Businesses and Losses They Emphasize
Embroker calls out part-time staff, cash, inventory, expensive equipment and customer data as common reasons to consider crime coverage. Alliance Risk lists cash-handling companies, accounting teams, nonprofits with volunteer financial oversight, and finance, retail, healthcare and logistics firms among its typical buyers. Choose Embroker if you are a smaller business that wants crime cover added to an existing BOP or D&O policy; choose Alliance Risk if you hold client property and want a broker to arrange that endorsement. [5] [2]
Compare Covered Acts and Exclusions
Both list employee theft, forgery and social-engineering fraud. Alliance Risk also lists burglary, robbery and safe burglary; Embroker adds shoplifting, digital fraud, money laundering and counterfeit currency. Both exclude lost business income, though Alliance Risk says an endorsement can add it back. Alliance Risk also excludes cyber hacking, losses not discovered during the policy period and owner or partner dishonesty; Embroker excludes executive or partner collusion, third-party liabilities from crime and cybercrime involving stolen patents, trade secrets or customer lists. [2] [5]
Separate Crime Coverage From Fidelity Bonds
Embroker says crime policies typically carry higher limits than fidelity bonds, while a fidelity bond can reimburse customers harmed by crime and typically costs 0.5% to 2% of the bond value. Alliance Risk's reviewed page does not describe a separate fidelity-bond option, so ask if your contracts require one. [5] [2]
Get Price and Limits for Your Company
Alliance Risk publishes typical annual premiums, from $500 to $2,000 for small businesses up to $10,000 to $50,000 or more for large enterprises. Embroker gives no price range and says pricing depends on headcount, locations, revenue, security and financial controls; its crime page links to a general quote form rather than a dedicated online crime quote. Neither publishes standard limits. [2] [5]