What Are the Key Differences Between Alliance Risk and Zurich U.S. Crime Insurance?
Theft and electronic-transfer coverage
Alliance Risk lists employee theft, forgery, fraudulent electronic transfers, social engineering and burglary, with client-property theft available by endorsement. Zurich also describes employee theft and forgery, and separately explains computer fraud and funds-transfer fraud as losses involving fraudulent transfers. Buyers handling client funds should compare whether the Alliance Risk endorsement is included and how Zurich’s transfer triggers match their payment controls. [2] [8]
Exclusions and risk assessment
Alliance Risk says business-income loss from crime is excluded unless endorsed, cyber breach is handled under cyber coverage, losses must be discovered during the policy period, and owners’ dishonest acts are excluded. Zurich describes a crime-risk assessment through Zurich Resilience Solutions, intended to identify vulnerabilities and provide specialist recommendations. Ask Alliance Risk about endorsements for interruption and client property, and Zurich what assessment findings mean for the quoted coverage. [2] [8]