What Are the Key Differences Between Alliance Risk and Foxquilt Crime Insurance?
Alliance Risk lists employee theft, forged documents, fraudulent transfers and social engineering, with client-property theft available by endorsement. Foxquilt describes money and securities losses involving inside or outside theft, employee dishonesty, fraud and forgery. A buyer handling client funds can ask whether an endorsement and transfer-fraud conditions appear in the proposed forms. [2] [5]
Fraud scenarios in the published descriptions
Alliance Risk names social engineering and fraudulent electronic transfers and describes client-property theft as an endorsement; Foxquilt names employee dishonesty, fraud and forgery within money-and-securities losses. A company holding customer property can ask Alliance Risk whether its endorsement applies and ask Foxquilt how the quoted form treats client funds. [2] [5]
What is bundled with the crime policy
Alliance Risk lists business-income loss as excluded unless endorsed and owner or partner dishonesty among its exclusions; Foxquilt markets crime standalone or as a BOP add-on. A buyer comparing package placement should check both the crime wording and any requested income endorsement rather than assume a shared package includes it. [2] [5]
What Should You Confirm in Alliance Risk and Foxquilt Crime Insurance Quotes?
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Ask Alliance Risk whether client-property theft and business-income loss can be endorsed, and ask Foxquilt which employee, owner and third-party acts are covered. [2] [5]
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Ask Alliance Risk for its discovery rule, limits, deductible and social-engineering conditions; ask Foxquilt for the corresponding terms in its quote. [2] [5]