Alliance Risk vs Nationwide: Commercial Crime Insurance

Nationwide lists crime as a management liability product and routes you to an agent for a quote; Alliance Risk is a broker that itemizes covered acts like forgery and impersonation and what its crime cover excludes.

Van Ness Partners presents a practical comparison of source materials relevant to financial crime exposures.Research updated 2026-09-30

Alliance Risk lists employee theft, forgery, funds-transfer fraud and social engineering, and notes exclusions such as cyber breach. Nationwide's overview does not itemize crime insuring agreements.

Sources consulted

  1. 01
    Alliance Products

    Alliance Risk · Footer brokerage disclosure: "Alliance Risk is an insurance brokerage focused on providing clients with commercial insurance across a wide array of industries." · accessed 2026-09-23

  2. 02
    Crime Insurance

    Alliance Risk · What Is Crime Insurance?; Who Needs Crime Insurance?; What Does Crime Insurance Cover?; What Doesn't Crime Insurance Cover?; How Much Does Crime Insurance Cost? · accessed 2026-09-23

  3. 03
    Commercial Insurance Guide

    California Department of Insurance · Crime · accessed 2026-09-16

  4. 04
    Social Engineering Fraud Insurance

    Chubb · Opening; coverage highlights · accessed 2026-09-16

  5. 05
    Commercial Liability Products | Nationwide

    Nationwide · Crime section; products list within management-liability specialty. · accessed 2026-09-30

  6. 06
    Crime Terms and Conditions

    The Travelers Companies, Inc. · I.A–G, printed/PDF pages 1–4; III.RR, printed/PDF p.13; V.B.1–2, printed/PDF pp.18–20; Consideration, printed/PDF p.1; III.P p.8; V.A.3 pp.16–17; V.A.4 p.17; V.B.3 p.20; I.A.3 p.1; III.C p.7; III.S pp.8–9; III.II and III.KK p.12; III.QQ p.13; V.A.5 pp.17–18 (printed/PDF pages); IV.J–O, printed/PDF pages 14–15 · accessed 2026-09-16

  7. 07
    Crime Non-Financial Applications and Forms

    Travelers · Opening paragraph; Sample Policy Forms · accessed 2026-09-16

  8. 08
    Commercial Crime Coverage Application

    Travelers Casualty and Surety Company of America · I–III pages 1–2; IX–XI pages 3–4; V–VII, printed/PDF pages 2–3 · accessed 2026-09-16

What Are the Key Differences Between Alliance Risk and Nationwide Crime Insurance?

Itemized agreements versus a product name

Alliance Risk lists employee theft and embezzlement, forgery, fraudulent electronic funds transfer, social engineering and burglary, with client property theft by endorsement [2]. Nationwide's overview calls crime a commercial product but does not itemize its insuring agreements [5].

Exclusions

Alliance Risk says business income loss, cyber breach and undiscovered losses are excluded, as are dishonest acts by owners or partners [2]. Nationwide's overview gives no exclusion list [5].

Role and buyer

Alliance Risk is a brokerage and does not name an issuing insurer [2]. Nationwide frames crime among management-liability products for commercial organizations and directs buyers to an agent [5].

What Should You Confirm in Alliance Risk and Nationwide Crime Insurance Quotes?

  • Ask Nationwide for the crime insuring agreements, and whether social engineering is covered [5].
  • Ask Alliance Risk which insurer would issue the policy and the limits and retentions, which its page does not publish [2].
  • Ask both how crime and cyber policies coordinate on funds-transfer fraud.

Crime coverage

Alliance Risk

  • role: Alliance Risk arranges crime insurance placements as a brokerage; the crime page describes the coverage it places rather than an Alliance-issued policy. Crime product page and the general brokerage disclosure on the coverage catalogue page.company-reportedSource ↗Source ↗
  • insurer: The crime insurance page does not name an issuing insurer or carrier for the coverage. Crime product page as read on 2026-09-23.not-disclosedSource ↗
  • coverage: Alliance Risk's crime insurance page covers employee theft and embezzlement, forgery or alteration of checks or documents, fraudulent electronic funds transfer, social engineering fraud and impersonation, and burglary, robbery and safe burglary, with theft of client property available by endorsement. Crime product page, What Does Crime Insurance Cover? section; actual policy structure depends on the carrier and the policy as issued.company-reportedSource ↗
  • coverage: Alliance Risk says its crime coverage excludes business income loss from crime unless endorsed, cyber breach or hacking (which it says falls under a cyber policy instead), losses not discovered during the policy period, and dishonest acts by company owners or partners. Crime product page, What Doesn't Crime Insurance Cover? section.company-reportedSource ↗
  • eligibility: Alliance Risk lists businesses that handle cash, payments or sensitive data, companies with accounting, billing or procurement teams, nonprofits with volunteer financial oversight, and organizations in finance, retail, healthcare or logistics as common crime insurance buyers. Crime product page, Who Needs Crime Insurance? section.company-reportedSource ↗
  • limits: Alliance Risk's crime page gives typical annual premium ranges ($500-$2,000 for small businesses up to $10,000-$50,000+ for large enterprises) but does not publish specific coverage limits, sublimits or retentions. Crime product page as read on 2026-09-23.not-disclosedSource ↗

Nationwide

  • role: Nationwide describes offering crime for the audience stated on the cited product page. crime marketed by nationwide; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement.company-reportedSource ↗
  • eligibility: Commercial organizations considering management-liability products; page describes product options and underwriting review. crime marketed by nationwide; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement.company-reportedSource ↗
  • coverage: The cited product page describes crime insurance as a named commercial-liability product; Nationwide's product overview does not itemize crime insuring agreements. Marketing description only; actual coverage, exclusions, conditions, limits, and availability depend on the issued policy and jurisdiction. crime marketed by nationwide; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement.company-reportedSource ↗
  • application: The page directs prospective customers to contact an agent or request a quote. The page does not establish a quote, bind, or coverage-effective timeline. crime marketed by nationwide; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement.company-reportedSource ↗
  • limits: The cited overview does not set a universal limit or retention for this line. Ask for the proposed policy form, limits, retentions, exclusions, and conditions in the quote. Only the cited marketing page was reviewed for published limit and retention information; no policy-form entitlement is inferred.not-disclosedSource ↗

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