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

Alliance Risk brokers fiduciary protection for employers sponsoring plans; Embroker lets buyers apply online and publishes policy limits and exclusions.

Embroker offers online fiduciary quotes, standalone or bundled, with stated capacity up to $20 million; Alliance Risk shops specialist carriers and lists DOL audits among typical cover. ^1,³

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

How You Buy the Line

Alliance Risk starts by collecting plan and claims details and says proposals typically arrive within a few business days. Embroker offers an online quote, which may suit buyers who want a digital starting point; Alliance Risk’s reviewed page does not name the insurer. ¹ ³

Inclusions and Exclusions Each Names

Embroker lists coverage for errors and omissions in administering benefit plans and imprudent selection of investments or third-party providers, and says most newly created or acquired plans get automatic coverage. It excludes criminal activity such as embezzlement, outside advisors or administrators hired to manage the plans, and failure to fund a plan in accordance with ERISA. Alliance Risk lists defense, settlements, judgments, and DOL audits and penalties as typically covered, and excludes criminal and fraudulent acts, bodily injury and property damage, and employee dishonesty. ³ ¹

Limits Talk and Intended Buyers

Embroker says premiums typically range from $500 to $2,500 per year and policies can cover as much as $20 million, driven mainly by plan assets, the policy limit and service-provider quality. Alliance Risk cites deductibles it sees from $5,000 to $50,000 and shared-limit risk in bundled D&O, EPLI and fiduciary packages, without publishing a maximum limit. Embroker targets companies that provide medical, dental, vision or other benefits, or retirement plans or stock options, and says very small businesses without benefit plans generally don’t need the coverage. Alliance Risk targets employers sponsoring a 401(k), defined benefit or health plan, including multi-employer and union plans, and says even a fully outsourced TPA arrangement still leaves sponsor oversight liability. ³ ¹ ²

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

Ask Embroker whether fiduciary is standalone or bundled with D&O and EPL and whether new plans are automatically covered. ³
Ask Embroker how the ERISA funding-failure and outside-administrator exclusions apply; ask Alliance Risk how employee dishonesty and DOL-audit wording apply on the placed form. ³ ¹

Alliance Risk vs Embroker Fiduciary Liability Insurance Compared

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

Criteria	Alliance Risk Fiduciary Liability Insurance	Embroker Fiduciary Liability Insurance
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.	Embroker says fiduciary liability premiums typically range from $500 to $2,500 per year and that policies can cover as much as $20 million, driven mainly by total plan assets under management, the policy limit and the quality of service providers. ³Company-reported. Product-page 'What does Fiduciary Liability cost?' section; actual pricing and limits depend on underwriting.
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.	Embroker targets companies that provide medical, dental, vision or other benefits, or that offer retirement plans or stock options, and says very small businesses without benefit plans generally don't need the coverage. ³Company-reported. Product-page eligibility description; not a guarantee of coverage for a particular business.
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.	Embroker offers an online quote for fiduciary liability through its digital platform. ³Company-reported. Product-page 'Quick quotes' feature description; no quote was requested during this research.
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.	Embroker lists coverage for errors and omissions in administering benefit plans and imprudent selection of investments or third-party service providers, and says most newly created or acquired plans get automatic coverage. ³Company-reported. Product-page What's covered section; the issued policy and declarations control. Embroker says the policy excludes criminal activity such as embezzlement, outside advisors or administrators hired to manage the benefit plans, and failure to fund a plan in accordance with ERISA. ³Company-reported. Product-page What's not included section.
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.	Embroker sells fiduciary liability as a standalone policy and says it is most commonly bundled with directors and officers and employment practices liability coverage. ³Company-reported. Product-page description; not a statement about the issuing insurer.