Beazley vs Coverdash: How Do They Compare for Fiduciary Liability Insurance?

Beazley underwrites fiduciary coverage with published limits; Coverdash arranges fiduciary quotes through its insurer panel and can package the coverage with D&O and EPLI or offer it standalone.

Beazley underwrites fiduciary with published statutory sublimits; Coverdash arranges insurer-panel quotes, distinguishes the coverage from an ERISA bond and offers standalone or bundled options. ^1,^2,³

What Are the Key Differences Between Beazley and Coverdash Fiduciary Liability Insurance?

Underwriter Versus Panel Broker

Beazley underwrites fiduciary liability for people who administer employer benefit plans. Coverdash takes quote requests and arranges cover from its insurer panel; neither reviewed page identifies the specific policy issuer. ¹ ³

Bond, Bundling and Base Cover

Coverdash distinguishes fiduciary liability from a legally required ERISA fidelity bond and says fiduciary is often packaged with D&O and EPLI but also available standalone. Beazley sells standalone fiduciary and ExecuGuard, which can use separate or shared limits among EPL, D&O and fiduciary. Coverdash describes claims of breach of duty, plan-administration errors and poor selection or monitoring of investment options, plus legal defense. Beazley adds statutory sublimits, omnibus plan language, settlor-capacity protection and HIPAA civil-fine cover. ³ ¹ ²

Limits, Services and Application

Beazley advertises limits up to US $20 million, BeazleySure, and choice of counsel. Coverdash’s fiduciary page does not publish limits, retentions or line-specific risk services. You request a Coverdash quote on its fiduciary page. Beazley lists an ExecuGuard application. Coverdash markets to anyone who manages or advises a 401(k), health plan or pension. ¹ ³

What Should You Confirm in Beazley and Coverdash Fiduciary Liability Insurance Quotes?

Get Coverdash’s issuing carrier from the panel. ³
Ask Beazley whether ExecuGuard limits are shared and which Beazley entity issues. ² ¹
Compare HIPAA and voluntary-compliance terms; Coverdash’s cards do not list those sublimits. ¹ ³
Ask Coverdash whether the quote is standalone or inside management liability. ³

Beazley vs Coverdash Fiduciary Liability Insurance Compared

Beazley vs Coverdash: Fiduciary Liability Insurance: documented features by provider

Criteria	Beazley Fiduciary Liability	Coverdash Fiduciary Liability Insurance
Coverage Features	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. ¹Company-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. ¹Company-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. ¹Company-reported. Fiduciary product page feature list; actual plan-coverage scope depends on the issued policy wording.	Coverdash describes the fiduciary policy as covering claims of breach of duty to plan participants, plan administration errors such as enrollment or advising mistakes, and claims over poor selection or monitoring of plan investment options, plus legal defense costs. ³Company-reported. Types of Coverage cards on the product page; exclusions and defense-cost structure are not described and would appear on the issued policy. Coverdash distinguishes fiduciary liability from an ERISA fidelity bond: the bond protects the plan itself from theft and is legally required, while fiduciary liability protects the individual fiduciaries from lawsuits and is optional, though recommended. ³Company-reported. FAQ answer to 'Isn't this the same as an ERISA bond?'. Coverdash says fiduciary liability is often packaged with D&O and EPLI in a management liability policy, but is also available standalone. ³Company-reported. FAQ answer to 'Is it included in management liability?'.
Role in This Line	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. ^1,²Company-reported. US fiduciary liability as described on the two reviewed product pages; does not establish which entity issues a particular policy.	Coverdash arranges fiduciary liability quotes from its panel of insurers rather than underwriting the policy itself; you request a quote on its fiduciary page and it places coverage on your behalf. ³Company-reported. Coverdash's fiduciary liability product page, read together with the provider record's brokerage role. Does not identify which insurer would actually issue a given quote.

Criteria

Beazley Fiduciary Liability

Coverdash Fiduciary Liability Insurance

Coverage Features

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. ¹Company-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. ¹Company-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. ¹Company-reported. Fiduciary product page feature list; actual plan-coverage scope depends on the issued policy wording.

Coverdash describes the fiduciary policy as covering claims of breach of duty to plan participants, plan administration errors such as enrollment or advising mistakes, and claims over poor selection or monitoring of plan investment options, plus legal defense costs. ³Company-reported. Types of Coverage cards on the product page; exclusions and defense-cost structure are not described and would appear on the issued policy.

Coverdash distinguishes fiduciary liability from an ERISA fidelity bond: the bond protects the plan itself from theft and is legally required, while fiduciary liability protects the individual fiduciaries from lawsuits and is optional, though recommended. ³Company-reported. FAQ answer to 'Isn't this the same as an ERISA bond?'.

Coverdash says fiduciary liability is often packaged with D&O and EPLI in a management liability policy, but is also available standalone. ³Company-reported. FAQ answer to 'Is it included in management liability?'.

Role in This Line

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. ^1,²Company-reported. US fiduciary liability as described on the two reviewed product pages; does not establish which entity issues a particular policy.

Coverdash arranges fiduciary liability quotes from its panel of insurers rather than underwriting the policy itself; you request a quote on its fiduciary page and it places coverage on your behalf. ³Company-reported. Coverdash's fiduciary liability product page, read together with the provider record's brokerage role. Does not identify which insurer would actually issue a given quote.