Alliance Risk vs Coalition: How Do They Compare for Fiduciary Liability Insurance?

Alliance Risk brokers fiduciary liability and offers a no-charge review of existing coverage; Coalition distributes fiduciary as one of four Executive Risks coverages through appointed brokers only

Alliance Risk markets fiduciary coverage across specialist carriers; Coalition’s Executive Risks includes fiduciary for U.S. private and nonprofit organizations up to $500M in assets, 1,000 employees and $500M in plan assets. ^1,^3,⁴

What Are the Key Differences Between Alliance Risk and Coalition Fiduciary Liability Insurance?

How Each Reaches a Carrier

Alliance Risk reviews your current fiduciary policy and shops specialist carriers, so the insurer depends on the offers available for your plan. Coalition sells fiduciary as one of four Executive Risks coverages through appointed brokers; eligible organizations include U.S. private and nonprofit organizations within its stated asset, employee and plan-asset caps. ¹ ³ ⁴

Coalition says Executive Risks products, including fiduciary, are available to private and not-for-profit U.S. organizations in all 50 states and Washington, D.C., with up to $500 million in assets, up to 1,000 employees, and up to $500 million in plan assets. Alliance Risk targets any employer sponsoring a 401(k), defined benefit pension or health plan, including multi-employer and union plans, nonprofits, sole proprietors and partnerships, and says ERISA duty attaches when a plan goes live. ³ ¹ ²

Coverage Depth and Limits Talked About

Coalition says fiduciary liability covers claims of mismanagement of employee benefits and pension plans. Alliance Risk lists defense, settlements and judgments, and DOL audits and penalties, plus typical exclusions for crime, bodily injury and employee dishonesty. Coalition says limits up to $10 million per coverage line may be available. Alliance Risk does not publish a maximum limit; it cites deductibles of $5,000 to $50,000 it sees and shared-limit risk in bundled packages. Alliance Risk offers a no-charge policy review; Coalition’s fiduciary record does not describe a fiduciary-specific service beyond shared Executive Risks resources. ³ ¹ ²

What Should You Confirm in Alliance Risk and Coalition Fiduciary Liability Insurance Quotes?

Ask Coalition whether the fiduciary policy is admitted Zurich paper or a non-admitted unaffiliated insurer. ⁴
Get Alliance Risk’s issuing carrier and shared versus separate limits. ¹ ²
Check Coalition’s asset, employee and plan-asset caps against your plan. ³
Compare whether DOL audits Alliance Risk lists as typically covered appear on Coalition’s form. ¹ ³

Alliance Risk vs Coalition Fiduciary Liability Insurance Compared

Alliance Risk vs Coalition: Fiduciary Liability Insurance: documented features by provider

Criteria	Alliance Risk Fiduciary Liability Insurance	Coalition Executive Risks — 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.	Coalition says limits up to $10 million per coverage line may be available for Executive Risks products, including fiduciary liability, subject to exclusions and limitations. ³Company-reported. Executive Risks FAQ as read on 2026-09-23; not a quoted or bindable limit for any specific applicant.
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.	Coalition says Executive Risks products, including fiduciary liability, are available to private and not-for-profit U.S. organizations in all 50 states and Washington, D.C., with up to $500 million in assets, up to 1,000 employees, and up to $500 million in plan assets. ³Company-reported. Executive Risks FAQ as read on 2026-09-23; the plan-assets cap is directly relevant to fiduciary eligibility.
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.	Coalition distributes Executive Risks, including fiduciary liability, only through appointed insurance brokers rather than direct to buyers. ³Company-reported. Executive Risks product page 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.	Coalition says fiduciary liability provides coverage for claims of mismanagement of employee benefits and pension plans. ³Company-reported. Executive Risks product page as read on 2026-09-23; exclusions and limitations apply per the page footer, and the issued policy controls actual terms.
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.	Coalition designs and distributes fiduciary liability as one of four coverages in its Executive Risks product suite, sold through appointed brokers. ³Company-reported. Executive Risks product page as read on 2026-09-23.