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

Lockton designs and places D&O programs and describes support from a specialist claims team; Alliance Risk offers a no-charge policy review and publishes indicative limits and premiums.

Both are brokers: Alliance Risk publishes sample Side A limits and premiums by company size and reviews your existing D&O at no charge. Lockton publishes no prices but assigns a Professional & Executive Risk Claims team of insurance and claims counsel from day one. ^1,³

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

Price Guidance and Policy Review vs Claims Counsel on Your File

Alliance Risk checks your current policy's Side A, B and C structure for missing endorsements, then takes the risk to management-liability carriers; its page doesn't describe any claims help of its own. ¹ Lockton's claims counsel sit inside the broking team from the start, so the people who designed your program also argue your claim with the insurer, and it says it designs programs around emerging risks such as AI-related litigation. ³ Choose Alliance Risk if you want a price range before you apply or a free second opinion on your current policy; choose Lockton if claim-time advocacy or AI-related exposure is your bigger worry. ¹ ³

Who the Policy Protects

Lockton says its programs can cover trustees, employees, independent contractors, committee members, volunteers, subsidiaries, spouses and estates, not just directors and officers. That matters if you run a nonprofit or a board with outside volunteers. Alliance Risk explains only the three standard sides: Side A for individuals the company can't indemnify, Side B for company reimbursement and Side C for the company's own liability. ³ ¹

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

Ask Lockton for premium, limit and retention figures early; its D&O page publishes none. ³
Ask Alliance Risk who helps you if a claim is disputed. ¹
List every person and entity you need insured and check each proposal covers them. ³ ¹
Neither page names an insurer, so get the issuing company in writing on both proposals. ¹ ³

Alliance Risk vs Lockton D&O Insurance Compared

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

Criteria	Alliance Risk Directors & Officers (D&O) Insurance	Lockton Directors & Officers (D&O) 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.	Lockton says D&O coverage it places can extend beyond directors and officers to trustees, employees, independent contractors, staff, committee members, volunteers, the corporate entity, majority-owned subsidiaries, spouses/domestic partners, and estates/heirs. ³Company-reported. D&O product page as read 2026-09-23. Describes who can typically be covered under a program Lockton structures, not a guarantee for any specific client.
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.	Lockton explains a traditional D&O program in three parts it says it can structure: Side A (direct coverage to individual directors/officers when the company can't indemnify them), Side B (reimbursing the company for indemnifying its D&Os), and Side C (entity coverage, generally limited to securities claims for public companies but broader for private and nonprofit organizations). ³Company-reported. D&O product page as read 2026-09-23. General educational description of program structure, not a specimen policy form.
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.	Lockton designs and places D&O programs rather than underwriting them, saying effective coverage requires market intelligence, coverage-design precision and staying ahead of emerging risks like AI-related litigation and event-driven claims. ³Company-reported. D&O product page as read 2026-09-23.

Criteria

Alliance Risk Directors & Officers (D&O) Insurance

Lockton Directors & Officers (D&O) 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.

Lockton says D&O coverage it places can extend beyond directors and officers to trustees, employees, independent contractors, staff, committee members, volunteers, the corporate entity, majority-owned subsidiaries, spouses/domestic partners, and estates/heirs. ³Company-reported. D&O product page as read 2026-09-23. Describes who can typically be covered under a program Lockton structures, not a guarantee for any specific client.

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.

Lockton explains a traditional D&O program in three parts it says it can structure: Side A (direct coverage to individual directors/officers when the company can't indemnify them), Side B (reimbursing the company for indemnifying its D&Os), and Side C (entity coverage, generally limited to securities claims for public companies but broader for private and nonprofit organizations). ³Company-reported. D&O product page as read 2026-09-23. General educational description of program structure, not a specimen policy form.

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.

Lockton designs and places D&O programs rather than underwriting them, saying effective coverage requires market intelligence, coverage-design precision and staying ahead of emerging risks like AI-related litigation and event-driven claims. ³Company-reported. D&O product page as read 2026-09-23.