What Are the Key Differences Between Alliance Risk and Heffernan Insurance Brokers Crime Insurance?
Home-Care Agencies vs Other Businesses
Heffernan's crime cover is built for home health, in-home care, hospice, staffing and registry, infusion therapy and personal care businesses, and its reviewed sources show no crime offering outside that package. [5] Alliance Risk lists businesses that handle cash, payments or sensitive data, companies with accounting or billing teams, and nonprofits with volunteer financial oversight as typical crime buyers. [2] Choose Heffernan if you run a home-care, home-health or hospice agency and want crime bundled with your workers' compensation and liability; choose Alliance Risk if you need standalone crime cover for any other kind of business.
What Each Crime Policy Covers
Heffernan lists Crime – Third Party Theft and a separate Employee Dishonesty Bond alongside workers' compensation, general and professional liability, and cyber and identity-theft coverage, but publishes no insuring agreements for the crime piece. [5] Alliance Risk names employee theft, check forgery, fraudulent funds transfer, social-engineering fraud and burglary, with theft of client property only by endorsement; it excludes hacking losses, which it sends to a cyber policy, and dishonest acts by owners. [2]
Cost, Timing and Limits
Alliance Risk gives typical crime premiums of $500–$2,000 a year for small businesses, rising to $10,000–$50,000+ for large enterprises, but no limits. [2] Heffernan gives only cost ranges for the whole home-care package, publishes no bond amounts, and tells new agencies to apply at least 30 days before seeing clients because rates vary by state. [5]
What Should You Confirm in Alliance Risk and Heffernan Insurance Brokers Crime Insurance Quotes?
- Ask Heffernan to price the third-party theft cover and employee dishonesty bond separately from the package, with their limits. [5]
- Ask Alliance Risk whether you need the client-property endorsement if your staff work on customer premises or handle customer funds. [2]
- Get the issuing insurer from both; neither names one for crime. [5] [2]
- Check which policy answers a social-engineering or hacking loss, since Alliance Risk routes hacking to cyber cover. [2]