What Are the Key Differences Between Alliance Risk and The Hartford Crime Insurance?
Bundled With Management Liability or Brokered on Its Own
The Hartford sells crime inside Private Choice Premier alongside its other management-liability options, for nonprofits, public companies and privately held companies, so it fits best if you're buying management liability from The Hartford anyway. Alliance Risk is a brokerage that places crime for cash-handling businesses, firms with accounting or procurement teams, volunteer-run nonprofits, and finance, retail, healthcare or logistics companies. Choose The Hartford if you want crime packaged with your management liability or you're a financial institution needing a fidelity bond; choose Alliance Risk if you want crime shopped as its own policy. [5] [2] [1]
How Specific Each Is About Covered Losses
Alliance Risk is far more specific: employee theft and embezzlement, forged checks, fraudulent funds transfers, social-engineering impersonation, and burglary, robbery and safe burglary, with client-property theft by endorsement. It also lists exclusions, such as business-income loss unless endorsed and hacking. The Hartford only says crime cover helps with employee theft, forgery or robbery, using a stolen-cash-register example. [2] [5]
What Should You Confirm in Alliance Risk and The Hartford Crime Insurance Quotes?
- Ask The Hartford whether your crime cover sits inside Private Choice Premier or on the financial-institutions bond and commercial-crime track. [5]
- Get the issuing insurer from Alliance Risk; its crime page doesn't name one, though it does publish typical premiums of $500–$2,000 a year for small businesses. [2]
- Ask The Hartford whether funds-transfer and social-engineering fraud are covered, since its page names only theft, forgery and robbery. [2] [5]
- Compare Alliance Risk's stated exclusions, including owner dishonesty and losses discovered after the policy period, with The Hartford's declarations. [2] [5]