Alliance Risk vs 
Beazley: How Do They Compare for Fiduciary Liability Insurance?
Alliance Risk brokers fiduciary liability for employers with retirement or health plans; Beazley underwrites cover for benefit-plan administrators and publishes limits up to $20 million, with an optional additional limit.
Beazley publishes fiduciary limits up to $20 million with statutory-claim sublimits and BeazleySure support; Alliance Risk reviews your current policy and shops specialist insurers for an alternative proposal. 1,3
What Are the Key Differences Between Alliance Risk and Beazley Fiduciary Liability Insurance?
Published Limits and Placement Choice
Beazley advertises fiduciary limits up to $20 million, optional additional defense limits and statutory-claim sublimits. Alliance Risk reviews existing policies and markets coverage to specialist carriers, but publishes no specific limit and does not name an issuer on its fiduciary page. 3 1
Deductibles and Shared Limits
Alliance Risk says deductibles it sees commonly range from $5,000 to $50,000 and warns that entry-level management packages may share one aggregate across fiduciary, D&O and EPLI. Beazley’s page advertises limits but does not state your deductible or whether an ExecuGuard quote shares limits. Get the declarations and confirm what remains available to fiduciary claims after other coverage pays. 1 2 3 4
Statutory Claims and Plan Support
Beazley lists sublimits for PPA, ERISA, IRC, PPACA and HIPAA claims and offers BeazleySure support. Alliance Risk lists defense, settlements and judgments and can review an existing policy, but its page does not detail equivalent statutory sublimits or services. If your plan faces a specific statutory exposure, compare that sublimit and its definition rather than relying on the headline limit. 3 1
Choose Standalone or Bundled Coverage
Beazley offers standalone fiduciary coverage and includes it in ExecuGuard with D&O and employment practices. Alliance Risk places fiduciary coverage and asks for plan details, current limits, assets and claims history to assess a placement. Compare the separate and combined quotes to see whether limits are shared and what information each needs. 3 4 1
What Should You Confirm in Alliance Risk and Beazley Fiduciary Liability Insurance Quotes?
- Ask Beazley whether the proposal is standalone or ExecuGuard and whether fiduciary limits are shared. 4
- Ask Alliance Risk for the proposed insurer, aggregate limit and deductible. 1
- Compare the actual HIPAA, voluntary-compliance and other statutory sublimits to your plan exposures. 3
- Confirm whether defense costs erode the limit and whether an additional defense limit applies. 3
Alliance Risk vs Beazley Fiduciary Liability Insurance Compared
Alliance Risk vs Beazley: Fiduciary Liability Insurance: documented features by provider
| Criteria | Alliance Risk Fiduciary Liability Insurance | Beazley Fiduciary Liability |
|---|---|---|
| Limits and Retentions | Alliance Risk states standard fiduciary liability deductibles it sees range from $5,000 to $50,000, with smaller, lower-risk plans qualifying for lower deductibles and higher deductibles reducing premium at the cost of more out-of-pocket exposure in a claim. 1Company-reported. Fiduciary liability product page FAQ; illustrative range, not a quote for any particular plan. Alliance Risk says entry-level management-liability packages that bundle fiduciary liability with D&O and EPLI often share a single aggregate limit, so a large D&O or EPLI settlement earlier in the policy year can reduce what is left for a fiduciary claim; it says a specialist broker structures shared versus separate limits to manage that risk. 2Company-reported. Management liability page's discussion of bundled D&O, EPLI and fiduciary programs. | Beazley advertises fiduciary limits up to US $20 million, with an optional additional defense limit available; the statutory sublimits described above apply within that overall limit. 3Company-reported. Advertised maximum capacity, not a guaranteed quote amount. |
| How to Apply | For a fiduciary liability quote, Alliance Risk asks for the plan type, number of participants, total assets under management, current coverage and limits, whether an ERISA fidelity bond is in place, and a five-year claims history of DOL audits and participant complaints, and says it typically delivers proposals within a few business days. 1Company-reported. Fiduciary liability product page, What We Need for Your Quote section; timing is a company estimate, not a guarantee. | The Fiduciary page lists a downloadable ExecuGuard application as its Tools & Resources item, rather than a fiduciary-only application. 3Company-reported. Fiduciary product page Tools & Resources section as read on 2026-09-23. |
| Coverage Features | Alliance Risk lists legal defense costs, settlements and judgments, and Department of Labor audits and penalties as typically covered, responding to claims such as excessive-fee litigation and imprudent investment selection; it says criminal and fraudulent acts, bodily injury and property damage, and employee dishonesty (covered instead by an ERISA fidelity bond) are excluded. 1Company-reported. Fiduciary liability product page; coverage and exclusions described in general terms, subject to the policy as issued. | Beazley explains that fiduciary liability protects the individuals responsible for running employee benefit plans, such as health plans, pension plans and 401(k) accounts, from personal liability if a claim is made against the plan, a personal exposure the page says many plan sponsors don't realize they have. 3Company-reported. Fiduciary product page description; exclusions and conditions are set by the issued policy. The policy includes statutory-claim sublimits of US $250,000 for claims under the Pension Protection Act of 2006, ERISA Section 502(c), Internal Revenue Code Section 4975 and the PPACA, plus a separate US $1,000,000 sublimit for HIPAA claims and up to US $1,000,000 in coverage for HIPAA civil fines. 3Company-reported. Fiduciary product page sublimit list; these sublimits sit inside, and are lower than, the overall policy limit. Beazley includes "omnibus" pension and welfare plan language, a US $25,000 sublimit for IRS and DOL voluntary compliance programs other than HIPAA, and settlor-capacity protection now written into the fiduciary insuring clauses. 3Company-reported. Fiduciary product page feature list; actual plan-coverage scope depends on the issued policy wording. |
| Role in This Line | Alliance Risk places fiduciary liability coverage as a broker: it reviews a company's current coverage and markets the risk to carriers that specialize in fiduciary liability. 1Company-reported. Fiduciary liability product page; Alliance Risk does not underwrite the policy itself. | Beazley underwrites fiduciary liability coverage for the individuals who administer employer benefit plans, sold standalone on its dedicated Fiduciary page and as one of three coverages bundled in its ExecuGuard package policy alongside D&O and employment practices liability. 3,4Company-reported. US fiduciary liability as described on the two reviewed product pages; does not establish which entity issues a particular policy. |
| Risk Services | Alliance Risk offers a no-charge review of an existing fiduciary liability policy, identifying gaps and exclusion risks and comparing the program to market options. 1Company-reported. Fiduciary liability product page, Get Your Fiduciary Liability Risk Review section. | Fiduciary policyholders get free access to BeazleySure, Beazley's online risk-management platform, which the Fiduciary page describes as providing loss-prevention content on employee-benefits topics. 3Company-reported. Fiduciary product page service description; actual entitlements depend on the policy purchased. |
