What Are the Key Differences Between Alliance Risk and HUB International Crime Insurance?
Match the Crime Events to Your Business
Both lists include employee theft, forgery and funds-transfer fraud. Beyond that, HUB names vendor theft, asset misappropriation and computer fraud, while Alliance Risk names social-engineering impersonation and burglary, robbery and safe burglary, and offers theft of client property by endorsement. Choose HUB if your exposure runs through vendors and internal asset misuse; choose Alliance Risk if you handle cash on premises, hold client property or worry about impersonation scams. [5] [2]
Which Organizations Each Targets
HUB says its crime coverage is available for private, public and nonprofit organizations. Alliance Risk is more specific: businesses handling cash, payments or sensitive data, companies with billing or procurement teams, nonprofits with volunteer financial oversight, and finance, retail, healthcare and logistics firms. [5] [2]
Price Signals and Exclusions Before You Call
HUB routes you to a broker and publishes no limits, deductibles or premiums, so you learn cost only on a quote. Alliance Risk publishes typical premiums, from $500–$2,000 a year for small businesses up to $10,000–$50,000+ for large enterprises, and lists exclusions: business-income loss unless endorsed, hacking, losses not discovered during the policy period, and owner or partner dishonesty. HUB also cites industry figures that fraud often takes about 18 months to detect, which matters against a discovery-period exclusion. [5] [2]
What Should You Confirm in Alliance Risk and HUB International Crime Insurance Quotes?
- Ask HUB whether vendor theft, asset misappropriation and computer fraud are on the proposed form; ask Alliance Risk whether social engineering, burglary and client-property theft are included or endorsed. [5] [2]
- Neither crime page names the issuing insurer; get it, plus the limit and deductible, from both brokers. [5] [2]
- Confirm how the discovery period works and whether owner dishonesty and business-income loss can be endorsed back. [2]