Alliance Risk vs Relm Insurance: How Do They Compare for Crime Insurance?

Relm Insurance lists commercial crime plus digital-asset and smart-contract crime and sells it through brokers, with DeFi attack methods in its underwriting view; Alliance Risk, a brokerage, arranges crime placements and says cyber breach falls under a cyber policy instead.

Relm is built for companies holding digital assets, with crime underwriting that considers flash-loan and oracle-manipulation attacks; Alliance Risk brokers conventional crime cover for cash-, payment- and accounting-heavy businesses and says hacking belongs on a cyber policy. ^3,¹

What Are the Key Differences Between Alliance Risk and Relm Insurance Crime Insurance?

Digital-Asset Theft Versus Conventional Theft

Relm offers Commercial Crime alongside separate Digital Asset Crime and Smart Contract Crime products, and covers embezzlement, forgery and funds-transfer fraud as well as crime tied to digital infrastructure. Alliance Risk lists employee theft, check forgery, fraudulent funds transfer, social-engineering impersonation and burglary, with client-property theft by endorsement, and excludes hacking. Choose Relm if you hold crypto or run a DeFi protocol; choose Alliance Risk if your exposure is cash, payments or staff with access to your bank accounts. ³ ¹

How You Buy and What It Costs

Relm sells crime only through insurance brokers, so you'll need a broker to reach it. Alliance Risk is itself the broker and publishes typical annual premiums, from $500–$2,000 for small businesses to $10,000–$50,000 or more for large enterprises, though no limits. Relm's crime page shows neither. ³ ¹

What Should You Confirm in Alliance Risk and Relm Insurance Crime Insurance Quotes?

Ask Relm whether you're being quoted Commercial Crime, Digital Asset Crime or Smart Contract Crime. ³
If you hold digital assets, ask Alliance Risk how a wallet theft would be treated, given it sends hacking to cyber. ¹
Get the issuing insurer, limit and retention from both; neither publishes them. ³ ¹
Check both forms for losses discovered after the policy ends and for owner dishonesty. ¹ ³

Alliance Risk vs Relm Insurance Crime Insurance Compared

Alliance Risk vs Relm Insurance: Crime Insurance: documented features by provider

Criteria	Alliance Risk Crime Insurance	Relm Commercial Crime Insurance
Who It’s For	Alliance Risk lists businesses that handle cash, payments or sensitive data, companies with accounting, billing or procurement teams, nonprofits with volunteer financial oversight, and organizations in finance, retail, healthcare or logistics as common crime insurance buyers. ¹Company-reported. Crime product page, Who Needs Crime Insurance? section.	Relm says crime coverage is relevant for any business that holds assets, whether fiat or digital, arguing that even strong security controls leave a gap the insurance can close. ³Company-reported. Crime page 'Who Needs Crime Coverage?' section; not a guarantee of eligibility for a particular company.
Coverage Features	Alliance Risk's crime insurance page covers employee theft and embezzlement, forgery or alteration of checks or documents, fraudulent electronic funds transfer, social engineering fraud and impersonation, and burglary, robbery and safe burglary, with theft of client property available by endorsement. ¹Company-reported. Crime product page, What Does Crime Insurance Cover? section; actual policy structure depends on the carrier and the policy as issued. Alliance Risk says its crime coverage excludes business income loss from crime unless endorsed, cyber breach or hacking (which it says falls under a cyber policy instead), losses not discovered during the policy period, and dishonest acts by company owners or partners. ¹Company-reported. Crime product page, What Doesn't Crime Insurance Cover? section.	Relm's commercial crime coverage addresses traditional theft such as embezzlement, forgery and funds transfer fraud, alongside crime risks tied to digital infrastructure and alternative asset models. ³Company-reported. Crime page 'What is Commercial Crime Coverage?' section; the issued policy and declarations control. Relm says its crime underwriting considers emerging attack methods such as flash-loan attacks that drain DeFi protocol liquidity and oracle manipulation that tricks smart contracts into faulty decisions, in addition to legacy fraud vulnerabilities. ³Company-reported. Crime page 'What Crime Risks Do Innovative Companies Face?' section; describes underwriting focus, not specific policy wording.
Role in This Line	Alliance Risk arranges crime insurance placements as a brokerage; the crime page describes the coverage it places rather than an Alliance-issued policy. ^1,²Company-reported. Crime product page and the general brokerage disclosure on the coverage catalogue page.	Relm lists Commercial Crime as one of three crime products (alongside Digital Asset Crime and Smart Contract Crime, covered in Relm's separate digital-assets offering record) on its crime insurance line-of-business page. ³Company-reported. Relm line-of-business page (Relm sells through brokers); not a statement identifying the issuing insurer for a given placement.

Criteria

Alliance Risk Crime Insurance

Relm Commercial Crime Insurance

Who It’s For

Alliance Risk lists businesses that handle cash, payments or sensitive data, companies with accounting, billing or procurement teams, nonprofits with volunteer financial oversight, and organizations in finance, retail, healthcare or logistics as common crime insurance buyers. ¹Company-reported. Crime product page, Who Needs Crime Insurance? section.

Relm says crime coverage is relevant for any business that holds assets, whether fiat or digital, arguing that even strong security controls leave a gap the insurance can close. ³Company-reported. Crime page 'Who Needs Crime Coverage?' section; not a guarantee of eligibility for a particular company.

Coverage Features

Alliance Risk's crime insurance page covers employee theft and embezzlement, forgery or alteration of checks or documents, fraudulent electronic funds transfer, social engineering fraud and impersonation, and burglary, robbery and safe burglary, with theft of client property available by endorsement. ¹Company-reported. Crime product page, What Does Crime Insurance Cover? section; actual policy structure depends on the carrier and the policy as issued.

Alliance Risk says its crime coverage excludes business income loss from crime unless endorsed, cyber breach or hacking (which it says falls under a cyber policy instead), losses not discovered during the policy period, and dishonest acts by company owners or partners. ¹Company-reported. Crime product page, What Doesn't Crime Insurance Cover? section.

Relm's commercial crime coverage addresses traditional theft such as embezzlement, forgery and funds transfer fraud, alongside crime risks tied to digital infrastructure and alternative asset models. ³Company-reported. Crime page 'What is Commercial Crime Coverage?' section; the issued policy and declarations control.

Relm says its crime underwriting considers emerging attack methods such as flash-loan attacks that drain DeFi protocol liquidity and oracle manipulation that tricks smart contracts into faulty decisions, in addition to legacy fraud vulnerabilities. ³Company-reported. Crime page 'What Crime Risks Do Innovative Companies Face?' section; describes underwriting focus, not specific policy wording.

Role in This Line

Alliance Risk arranges crime insurance placements as a brokerage; the crime page describes the coverage it places rather than an Alliance-issued policy. ^1,²Company-reported. Crime product page and the general brokerage disclosure on the coverage catalogue page.

Relm lists Commercial Crime as one of three crime products (alongside Digital Asset Crime and Smart Contract Crime, covered in Relm's separate digital-assets offering record) on its crime insurance line-of-business page. ³Company-reported. Relm line-of-business page (Relm sells through brokers); not a statement identifying the issuing insurer for a given placement.