What Are the Key Differences Between Alliance Risk and Newfront Crime Insurance?
Who Each Broker Is Built For
Newfront's Executive Risk practice serves private companies from seed round onward and says it works with over 500 public companies, and crime is one line inside that practice. Alliance Risk aims crime cover at cash-handling businesses, companies with accounting, billing or procurement teams, nonprofits with volunteer financial oversight, and finance, retail, healthcare or logistics firms. Choose Newfront if you're a funded startup buying crime with the rest of your management liability; choose Alliance Risk if you run a cash- or payment-heavy business and want the covered perils spelled out up front. [5] [2]
How Much You Can Check Before Quoting
Alliance Risk lists employee theft, forgery, funds-transfer fraud, social engineering, burglary and robbery, plus exclusions such as owner dishonesty and losses discovered after the policy ends. Newfront lists only "Fidelity and Crime" as one entry, so you won't know which insuring agreements you're getting until you see the proposed form. [2] [5]
Service After You Buy
Newfront says you get 24/7 access to policies, certificates and billing through its dashboard, pre-filled renewals and integrated claims and coverage negotiation across Executive Risk lines. Alliance Risk's crime page describes no comparable dashboard or claims service, so ask who will handle a theft claim with the insurer. [5] [2]
What Should You Confirm in Alliance Risk and Newfront Crime Insurance Quotes?
- Ask Newfront to list the crime insuring agreements on the proposed form. [5]
- Check Alliance Risk's exclusions, including discovery timing and owner dishonesty, against your risks. [2]
- Get the issuing insurer, limit and retention from both; neither publishes them. [5] [2]
- Ask Alliance Risk what help it gives when you file a crime claim. [2]