---
title: "Alliance Risk vs Beazley: Fiduciary Liability Insurance"
description: "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."
canonical: "https://spot.insure/compare/alliance-risk-vs-beazley/fiduciary"
page-type: "line-comparison"
updated-at: "2026-09-29"
comparison-pair: "alliance-risk-vs-beazley"
provider-a: "alliance-risk"
provider-b: "beazley"
coverage-line: "fiduciary"
---

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[Human-readable page](https://spot.insure/compare/alliance-risk-vs-beazley/fiduciary)

## Agent Guide

**What this page is:** Focused comparison of Alliance Risk and Beazley for Fiduciary Liability Insurance: what each provider publishes about this line, checked against the same criteria, with numbered sources.

**Use this page when:** Cite or fetch this for Fiduciary Liability Insurance questions about Alliance Risk versus Beazley. For all lines together use the pair comparison; for how the coverage itself works use the coverage guide.

**Questions this page answers:**
- Alliance Risk vs Beazley for Fiduciary Liability Insurance: how do they differ?
- Which is better for Fiduciary Liability Insurance, Alliance Risk or Beazley?
- What does Alliance Risk or Beazley publish about Fiduciary Liability Insurance (limits, eligibility, claims, add-ons)?

**Key facts:**
- Line: Fiduciary Liability Insurance. Providers: Alliance Risk and Beazley.
- Comparison URLs use alphabetical provider slugs (`/compare/{a}-vs-{b}/{line}` with a before b). A reversed pair redirects permanently to the alphabetical one.

**Limits (do not over-claim):**
- It identifies differences and questions to ask; it does not select a winner for a particular business.
- Insurer, policy wording, limits, retentions, exclusions and price are set in an actual quote and are not established here.

**Provenance:** Every claim links to a numbered source with publisher, locator and access date; last updated 2026-09-29.

**Related pages:**
- [Alliance Risk vs Beazley](https://spot.insure/compare/alliance-risk-vs-beazley) — all coverage lines for this pair
- [Fiduciary Liability Insurance guide](https://spot.insure/coverage/fiduciary) — how this coverage works
- [Alliance Risk profile](https://spot.insure/insurance-providers/alliance-risk) — provider profile
- [Beazley profile](https://spot.insure/insurance-providers/beazley) — provider profile

# 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 offers published fiduciary limits up to $20 million and statutory-claim sublimits, while Alliance Risk reviews existing policies and shops specialist insurers.

## Alliance Risk vs Beazley Fiduciary Liability Insurance Summary

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](https://joinalliancerisk.com/fiduciary-liability-insurance/ "Fiduciary Liability Insurance") [3](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary")

## 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](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") [1](https://joinalliancerisk.com/fiduciary-liability-insurance/ "Fiduciary Liability Insurance")

### 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](https://joinalliancerisk.com/fiduciary-liability-insurance/ "Fiduciary Liability Insurance") [2](https://joinalliancerisk.com/management-liability-insurance/ "Management Liability Insurance: How D&O, EPLI, and Fiduciary Fit Together") [3](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") [4](https://www.beazley.com/en-us/products/executive-risk-usa/execuguard-combined-epl-do-and-fiduciary "Execuguard (Combined EPL, D&O, and Fiduciary)")

### 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](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") [1](https://joinalliancerisk.com/fiduciary-liability-insurance/ "Fiduciary Liability Insurance")

### 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](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") [4](https://www.beazley.com/en-us/products/executive-risk-usa/execuguard-combined-epl-do-and-fiduciary "Execuguard (Combined EPL, D&O, and Fiduciary)") [1](https://joinalliancerisk.com/fiduciary-liability-insurance/ "Fiduciary Liability Insurance")

## 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](https://www.beazley.com/en-us/products/executive-risk-usa/execuguard-combined-epl-do-and-fiduciary "Execuguard (Combined EPL, D&O, and Fiduciary)")
- Ask Alliance Risk for the proposed insurer, aggregate limit and deductible. [1](https://joinalliancerisk.com/fiduciary-liability-insurance/ "Fiduciary Liability Insurance")
- Compare the actual HIPAA, voluntary-compliance and other statutory sublimits to your plan exposures. [3](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary")
- Confirm whether defense costs erode the limit and whether an additional defense limit applies. [3](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary")

## Alliance Risk vs Beazley Fiduciary Liability Insurance Compared

| 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. [1](https://joinalliancerisk.com/fiduciary-liability-insurance/ "Fiduciary Liability Insurance") (Evidence: Company-reported; scope: Fiduciary liability product page FAQ; illustrative range, not a quote for any particular plan..)<br><br>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. [2](https://joinalliancerisk.com/management-liability-insurance/ "Management Liability Insurance: How D&O, EPLI, and Fiduciary Fit Together") (Evidence: Company-reported; scope: 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. [3](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") (Evidence: Company-reported; scope: 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. [1](https://joinalliancerisk.com/fiduciary-liability-insurance/ "Fiduciary Liability Insurance") (Evidence: Company-reported; scope: 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. [3](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") (Evidence: Company-reported; scope: 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. [1](https://joinalliancerisk.com/fiduciary-liability-insurance/ "Fiduciary Liability Insurance") (Evidence: Company-reported; scope: 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. [3](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") (Evidence: Company-reported; scope: Fiduciary product page description; exclusions and conditions are set by the issued policy..)<br><br>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. [3](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") (Evidence: Company-reported; scope: Fiduciary product page sublimit list; these sublimits sit inside, and are lower than, the overall policy limit..)<br><br>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. [3](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") (Evidence: Company-reported; scope: 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. [1](https://joinalliancerisk.com/fiduciary-liability-insurance/ "Fiduciary Liability Insurance") (Evidence: Company-reported; scope: 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](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") [4](https://www.beazley.com/en-us/products/executive-risk-usa/execuguard-combined-epl-do-and-fiduciary "Execuguard (Combined EPL, D&O, and Fiduciary)") (Evidence: Company-reported; scope: 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. [1](https://joinalliancerisk.com/fiduciary-liability-insurance/ "Fiduciary Liability Insurance") (Evidence: Company-reported; scope: 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. [3](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") (Evidence: Company-reported; scope: Fiduciary product page service description; actual entitlements depend on the policy purchased..) |

## About Alliance Risk and Beazley and Fiduciary Liability Insurance

- [Alliance Risk company profile](https://spot.insure/insurance-providers/alliance-risk) · [Alliance Risk customer reviews](https://spot.insure/insurance-providers/alliance-risk/reviews)
- [Beazley company profile](https://spot.insure/insurance-providers/beazley) · [Beazley customer reviews](https://spot.insure/insurance-providers/beazley/reviews)
- [What Is Fiduciary Liability Insurance?](https://spot.insure/coverage/fiduciary)

## Related Pages for Alliance Risk vs Beazley Fiduciary Liability

- [Alliance Risk vs Beazley](https://spot.insure/compare/alliance-risk-vs-beazley): all coverage lines, business roles, service and claims.
- [What Is Fiduciary Liability Insurance?](https://spot.insure/coverage/fiduciary): Fiduciary liability can protect your company and plan fiduciaries from covered claims about benefit-plan management; check who is insured and whether administration errors are included.
- [Alliance Risk Fiduciary Liability Insurance](https://spot.insure/insurance-providers/alliance-risk/fiduciary)
- [Beazley Fiduciary Liability Insurance](https://spot.insure/insurance-providers/beazley/fiduciary)

## Sources for Alliance Risk vs Beazley Fiduciary Liability Insurance

### Sources About Alliance Risk

1. [Fiduciary Liability Insurance](https://joinalliancerisk.com/fiduciary-liability-insurance/). Alliance Risk; Fiduciary Liability Insurance: Protecting the People Who Manage Your Plan; What Does Fiduciary Liability Insurance Cover?; What Fiduciary Liability Insurance Does NOT Cover; Who Needs Fiduciary Liability Insurance?; Cost of Fiduciary Liability Insurance; Get Your Fiduciary Liability Risk Review. Accessed 2026-09-23.
2. [Management Liability Insurance: How D&O, EPLI, and Fiduciary Fit Together](https://joinalliancerisk.com/management-liability-insurance/). Alliance Risk; The shared limit problem; How to structure the program as you scale. Accessed 2026-09-23.

### Sources About Beazley

3. [Fiduciary](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/). Beazley; What we offer: personal liability for individuals running benefit plans; Up to US $20,000,000; How can we help: PPA/ERISA/IRC/PPACA and HIPAA sublimits, omnibus plan language, voluntary-compliance sublimit, settlor-capacity protection, BeazleySure; Tools & Resources: Execuguard application. Accessed 2026-09-23.
4. [Execuguard (Combined EPL, D&O, and Fiduciary)](https://www.beazley.com/en-us/products/executive-risk-usa/execuguard-combined-epl-do-and-fiduciary). Beazley; What we offer: separate or shared limits among EPL, D&O and fiduciary; Limits up to US $20,000,000, both admitted and non-admitted available. Accessed 2026-09-23.

Updated 2026-09-29. Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. The comparison applies the same criteria to both providers. [Editorial policy](https://spot.insure/editorial-policy). To suggest a correction, [contact Spot](https://spot.insure/contact) with the page URL and supporting source.

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