Alliance Risk vs Amelia Risk: How Do They Compare for D&O Insurance?

For founders weighing D&O, Alliance Risk offers a policy review and publishes indicative limits, while Amelia Risk places startup coverage and says many buyers consider it after outside funding.

Both are brokers, but only Alliance Risk shows what D&O costs up front: $2,500 to $10,000 a year for small private companies, with Side A limits of $2M to $5M at $5M to $50M revenue. Amelia Risk publishes no price ranges and says to budget two to three weeks for underwriting. ^1,^2,^4,³

What Are the Key Differences Between Alliance Risk and Amelia Risk D&O Insurance?

Published Price Ranges vs a Longer Underwriting Runway

Alliance Risk warns that fintech, crypto and venture-backed companies often pay two to three times its published bands, and says it usually delivers proposals within a few business days. Amelia Risk's co-founder says underwriting takes a few days to a few weeks once your information is complete, and warns that decisions made before a claims-made policy starts aren't covered, so don't wait until a round is about to close. Choose Alliance Risk if you want a price range and a proposal fast; choose Amelia Risk if you run a startup, CPG or consumer-product brand and can start two to three weeks before your round. ¹ ⁴ ⁵ ⁷

When Each Broker Says You Need It

Alliance Risk says to buy at your first priced funding round. Amelia Risk says Series A term sheets usually require D&O and that more seed-stage companies now buy it as seed rounds grow. In practice, both point you to buying before your first institutional round. ² ³

Who the Policy Protects

Alliance Risk explains Side A, B and C and warns that bundled D&O, EPLI and fiduciary packages often share one limit, so an employment claim can drain what's left for a D&O claim. Amelia's co-founder says policies she has sold generally define "directors and officers" broadly enough to include employees and even interns. ² ⁴

What Should You Confirm in Alliance Risk and Amelia Risk D&O Insurance Quotes?

Ask both brokers which insurer would issue your policy; neither D&O page names one. ¹ ³
Ask Alliance Risk whether your D&O limit is separate from EPLI and fiduciary. ²
Ask Amelia Risk for a premium estimate and whether the quoted form's insured definition includes employees. ⁴

Alliance Risk vs Amelia Risk D&O Insurance Compared

Alliance Risk vs Amelia Risk: D&O Insurance: documented features by provider

Criteria	Alliance Risk Directors & Officers (D&O) Insurance	Amelia Risk Directors & Officers (D&O) Liability Insurance Brokerage
Who It’s For	Alliance Risk says D&O is relevant to venture-backed and public companies, high-risk industries such as fintech, healthcare, real estate and financial services, companies going through M&A, IPO or leadership changes, nonprofits, and small private companies without outside investors. ¹Company-reported. D&O product page; eligibility for a particular company depends on underwriting. Alliance Risk says a company should turn on D&O coverage at its first priced funding round, because institutional investment brings personal exposure for directors and officers from day one. ²Company-reported. Management liability page's program-staging guidance, describing D&O specifically among the three bundled lines.	Amelia Risk lists D&O among the policies it places for startups, technology companies, CPG brands, and consumer-product companies. ^5,^6,^7,⁸Company-reported. Specialty pages' "policies to consider" lists, marketed segments rather than an underwriting appetite statement. Amelia Risk says most companies consider D&O once they've taken outside funding, that Series A term sheets usually require it, and that it's becoming more common to see D&O bought at the seed stage as seed rounds grow larger. ^3,⁴Company-reported. D&O product page timing guidance, restated in more detail by co-founder Danielle Holyoake in the company's podcast episode.
How to Apply	For a D&O quote, Alliance Risk asks for company revenue, industry and stage, board composition, investor structure, current D&O coverage and carrier, five-year claims history and upcoming events such as M&A or an IPO, and says it typically delivers proposals within a few business days. ¹Company-reported. D&O product page, What We Need for Your Quote section; timing is a company estimate, not a guarantee.	Amelia's co-founder says D&O underwriting can take as little as a few days to a few weeks once complete information is provided, and recommends budgeting two to three weeks; she also cautions founders not to wait until a funding round or other transaction is imminent, because decisions made before a claims-made D&O policy starts aren't covered by it. ⁴Company-reported. Illustrative timing comment in a company-hosted podcast interview, not a binding service-level agreement.
Coverage Features	Alliance Risk describes D&O policies it places as having three parts: Side A for individual directors and officers when the company cannot indemnify them, Side B reimbursing the company for indemnification costs, and Side C covering the company directly for certain liabilities. ¹Company-reported. D&O product page; actual policy structure and whether sides are combined or separately limited depend on the carrier and the policy as issued. Alliance Risk lists standard D&O exclusions it sees, including fraud and intentional misconduct, criminal acts, bodily injury and property damage, and often prior acts before the policy started; it says employment practices and ERISA benefit-plan claims are typically excluded and need separate EPLI or fiduciary liability coverage. ¹Company-reported. D&O product page; exclusion wording varies by carrier and the policy as issued.	Amelia describes the D&O policy as covering the individual directors and officers, the board, and the entity, with claims typically alleging mismanagement and most often coming from shareholders, though they can also come from regulators, competitors, or employees. ³Company-reported. D&O product page description; the actual policy wording, definitions, and exclusions depend on the issuing insurer and the client's declarations. In the company's podcast, co-founder Danielle Holyoake says the D&O policies she has reviewed and sold generally define "directors and officers" broadly enough to include employees and even interns, rather than naming specific individuals on the policy. ⁴Company-reported. Her description of policies she has personally reviewed and sold, not a specimen form or a statement about every D&O policy Amelia places.
Role in This Line	Alliance Risk places D&O insurance as a broker: it reviews a company's existing D&O program and markets the risk to carriers that specialize in management liability. ¹Company-reported. D&O product page; Alliance Risk does not underwrite the policy itself.	Amelia Risk arranges D&O liability coverage for clients, describing and structuring the policy around protecting individual directors and officers, the board, and the company entity, rather than underwriting it directly. ³Company-reported. D&O product page as of 23 September 2026. Does not establish who issues a particular client's policy.