Alliance Risk vs 
Chubb: How Do They Compare for Fiduciary Liability Insurance?
Alliance Risk places fiduciary coverage for benefit-plan sponsors; Chubb underwrites ForeFront Portfolio 3.0 fiduciary insurance for private companies through agents, with U.S.-based private-company underwriters.
Alliance Risk shops specialist fiduciary markets and cites $5,000–$50,000 deductibles, while Chubb’s ForeFront Portfolio 3.0 covers a private company, its people and benefit plans. 1,2,3
What Are the Key Differences Between Alliance Risk and Chubb Fiduciary Liability Insurance?
Who Underwrites
Alliance Risk reviews existing fiduciary cover and markets the risk to specialist carriers, which can help if you want multiple market options; its page does not name the eventual insurer. Chubb’s ForeFront Portfolio 3.0 is designed to protect a privately owned company, its fiduciaries and benefit plans. 1 3
Who Is Insured and What Claims Are Named
Chubb says the policy insures the company, its executives and employees, and the employee benefits plan itself, and lists allegations including wrongful denial or improper change in benefits, plan-administration error, improper advice, prohibited transactions, failure to follow plan documents, conflict of interest, and imprudent investment or monitoring of third-party providers. Alliance Risk lists legal defense, settlements and judgments, and Department of Labor audits and penalties as typically covered, responding to excessive-fee litigation and imprudent investment selection. 3 1
Deductibles, Bundles and How You Quote
Alliance Risk states deductibles it sees range from $5,000 to $50,000 and says entry-level packages that bundle fiduciary with D&O and EPLI often share one aggregate. Chubb’s reviewed fiduciary page does not publish limits or retentions. Alliance Risk asks for plan type, participants, assets and related intake items and typically delivers proposals within a few business days. Chubb places the coverage as part of ForeFront, which agents and brokers can quote through Chubb Marketplace. Alliance Risk also offers a no-charge review of an existing fiduciary policy; Chubb says policyholders have loss-prevention resources, including ForeFront loss-control materials. 1 2 3 4
What Should You Confirm in Alliance Risk and Chubb Fiduciary Liability Insurance Quotes?
- Ask Chubb which ForeFront coverage parts sit with fiduciary and whether the plan itself is a named insured. 3 4
- Get Alliance Risk’s carrier and whether the fiduciary limit is shared with D&O or EPLI. 2
- Compare prohibited-transaction and DOL-audit wording on the two quotes; Chubb lists prohibited transactions, Alliance Risk lists DOL audits and penalties as typically covered. 3 1
- Confirm deductibles against Alliance Risk’s observed range; Chubb does not publish retentions. 1 3
Alliance Risk vs Chubb Fiduciary Liability Insurance Compared
Alliance Risk vs Chubb: Fiduciary Liability Insurance: documented features by provider
| Criteria | Alliance Risk Fiduciary Liability Insurance | Chubb ForeFront Portfolio 3.0 Fiduciary Liability Insurance |
|---|---|---|
| Who It’s For | Alliance Risk targets fiduciary liability coverage at any employer sponsoring a 401(k), defined benefit pension or health plan, including multi-employer and union plans, nonprofits, sole proprietors and partnerships with plans, and professional groups managing partner retirement plans; it says even plans fully outsourced to a TPA still need fiduciary coverage because the sponsor retains oversight liability. 1Company-reported. Fiduciary liability product page; eligibility for a particular company depends on underwriting. Alliance Risk says a company should add fiduciary liability coverage when it launches a 401(k) or similar benefit plan, because ERISA fiduciary duty attaches the moment the plan goes live. 2Company-reported. Management liability page's program-staging guidance, describing fiduciary liability specifically among the three bundled lines. | Chubb says private-company underwriters located across the U.S. handle this product and are experienced in a broad spectrum of industries. 3Company-reported. Coverage Highlights, Benefits section. |
| 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. | Fiduciary Liability coverage is placed as part of the ForeFront Portfolio, which agents and brokers can quote and issue through Chubb Marketplace. 4Company-reported. ForeFront Portfolio hub page quoting section. |
| 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. | Chubb lists coverage responding to allegations including wrongful denial or improper change in benefits, error or omission in plan administration, improper advice or counsel, prohibited transactions, failure to administer a plan according to its documents, conflict of interest, and imprudent investment or selection/monitoring of third-party service providers. 3Company-reported. Coverage Highlights, Coverage Responds to allegations list; subject to the policy as issued. Chubb says the policy insures the company, the company's executives and employees, and the company's employee benefits plan itself. 3Company-reported. Coverage Highlights list. |
| 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. | Chubb underwrites Fiduciary Liability insurance directly through ForeFront Portfolio 3.0, designed to protect a privately owned company, its fiduciaries and its benefit plans against personal liability for errors, omissions or breaches of fiduciary duty related to benefit plans. 3Company-reported. ForeFront Portfolio 3.0 Fiduciary Liability product page. |
| 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. | Chubb says Fiduciary Liability policyholders have access to loss-prevention resources, and separately publishes Fiduciary Liability Insurance Loss Control Services materials within the ForeFront Portfolio. 3,4Company-reported. Coverage Highlights Benefits section; ForeFront Portfolio hub page lists a separate Loss Control Services resource. |
