AIG vs Berkshire Hathaway Specialty Insurance: How Do They Compare for Fiduciary Liability Insurance?

AIG markets Fiduciary Liability Insurance Edge and related plan-fiduciary options. AIG’s page describes insurance protection but does not identify the issuing subsidiary for a specific account. ³Company-reported. Role in this product is limited to the description on the linked AIG source.

BHSI lists fiduciary liability as a component of its Executive First Private Company Portfolio comprehensive form with D&O, EPL, Commercial Crime and employed-lawyer insurance. ⁸Company-reported. This is a marketed portfolio component; the source does not say every line is required or that limits are shared.

AIG describes fiduciary coverage for business executives and people or entities overseeing 401(k), pension and employee welfare plans. The page does not establish eligibility for every plan sponsor or plan type. ³Company-reported. Audience is the segment AIG names on the linked source; this is not an underwriting decision, quote or guarantee of availability.

The portfolio targets private companies with at least $10 million in revenue and names construction, manufacturing, wholesale, retail, service, technology and transportation sectors. ⁸Company-reported. These are portfolio target-account statements, not guaranteed fiduciary eligibility.

BHSI identifies large commercial and financial firms with complex risk-transfer needs as targets for this fiduciary policy. ⁹Company-reported. A target segment does not guarantee eligibility for an applicant or plan.

AIG says Fiduciary Edge addresses personal liability imposed on directors, officers and employees who oversee benefit plans and the sponsoring company. It describes certain penalty and compliance-program extensions subject to sublimits and policy terms. ³Company-reported. AIG’s public product description is not the policy. Actual entitlement depends on the applicable issued form, endorsements and declarations.

BHSI names fiduciary liability as one component of the Executive First Private Company Portfolio. ⁸Company-reported. The source does not describe the fiduciary insuring agreement, covered plans or insured parties.

BHSI’s Executive First Fiduciary Liability Policy page lists full settlor coverage, Affordable Care Act gap coverage, and coverage for fines and penalties; it says specialized defense counsel is recommended but not required. ⁹Company-reported. These are company-described product highlights. Applicable law, policy wording, conditions and exclusions govern a given plan or claim.

The page says some penalties, fees and expenses are subject to sublimits but does not publish a buyer-specific limit schedule. Confirm all sublimits and conditions in the quote and policy. ³Not publicly disclosed. This statement reports only what the linked public source discloses and does not substitute for a quote or issued policy.

BHSI advertises shared or separate limits up to $50 million for the portfolio. ⁸Company-reported. The source does not give a fiduciary-specific limit or explain allocation among components.

AIG describes specialized underwriting and claims teams and lists the IRS Audit Protector program, settlor coverage and an ACA extension as product options. Availability and scope of each option must be confirmed in the issued form. ³Company-reported. The linked page describes company-reported support; specific account services and third-party arrangements must be confirmed.

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