---
title: "Beazley vs Cowbell: Fiduciary Liability Insurance"
description: "Beazley offers fiduciary coverage alone or in ExecuGuard, with limits up to $20 million; Cowbell’s Zurich Select Plus is for private companies under 250 employees and $50 million in assets, through appointed wholesalers."
canonical: "https://spot.insure/compare/beazley-vs-cowbell/fiduciary"
page-type: "line-comparison"
updated-at: "2026-09-29"
comparison-pair: "beazley-vs-cowbell"
provider-a: "beazley"
provider-b: "cowbell"
coverage-line: "fiduciary"
---

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

## Agent Guide

**What this page is:** Focused comparison of Beazley and Cowbell 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 Beazley versus Cowbell. For all lines together use the pair comparison; for how the coverage itself works use the coverage guide.

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

**Key facts:**
- Line: Fiduciary Liability Insurance. Providers: Beazley and Cowbell.
- 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:**
- [Beazley vs Cowbell](https://spot.insure/compare/beazley-vs-cowbell) — all coverage lines for this pair
- [Fiduciary Liability Insurance guide](https://spot.insure/coverage/fiduciary) — how this coverage works
- [Beazley profile](https://spot.insure/insurance-providers/beazley) — provider profile
- [Cowbell profile](https://spot.insure/insurance-providers/cowbell) — provider profile

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

Beazley underwrites fiduciary liability for plan administrators; Cowbell distributes Zurich-underwritten coverage for private companies under 250 employees and $50 million in assets, available only through insurance brokers appointed by Zurich, not directly to businesses.

Beazley publishes fiduciary limits up to $20 million; Cowbell offers Zurich Select Plus fiduciary to smaller private companies through appointed wholesalers.

## Beazley vs Cowbell Fiduciary Liability Insurance Summary

Beazley offers fiduciary coverage alone or in ExecuGuard, with limits up to $20 million; Cowbell’s Zurich Select Plus is for private companies under 250 employees and $50 million in assets, through appointed wholesalers. [1](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") [2](https://www.beazley.com/en-us/products/executive-risk-usa/execuguard-combined-epl-do-and-fiduciary "Execuguard (Combined EPL, D&O, and Fiduciary)") [3](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [4](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus")

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

### Policy Structure and Insurer

Beazley underwrites fiduciary liability, though the product page does not identify the specific issuing entity. Cowbell operates Zurich’s Select Plus platform, where fiduciary is one of four modules underwritten by Zurich; buyers access it through appointed Zurich wholesalers. [1](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") [3](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [4](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus")

### Appetite and Access

Cowbell targets private companies with under 250 employees and under $50 million in assets in Select Plus industries such as manufacturing and technology. Access is only through appointed Zurich E&S wholesalers via Cowbell’s API, not a direct business sale. Beazley sells standalone fiduciary and ExecuGuard and lists an ExecuGuard application; its reviewed claims do not publish those SME size caps. [3](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [1](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary")

### What Each Publishes About Cover

Beazley lists statutory sublimits, HIPAA civil fines, omnibus plan language, settlor-capacity protection, BeazleySure and choice of counsel, with limits up to US $20 million. Cowbell describes fiduciary as protecting against claims from breaches of duties related to a 401(k) or health plan; neither Cowbell nor Zurich’s Select Plus page publishes fiduciary limits or a fiduciary-specific service such as plan-compliance consulting. Both mention claims service at a general level: Beazley on counsel flexibility, Cowbell and Zurich on Zurich Claims service for Select Plus overall. [1](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") [3](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [4](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus")

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

- Confirm Cowbell access is through an appointed Zurich E&S wholesaler. [3](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises")
- Ask which Zurich entity issues Select Plus fiduciary. [4](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus")
- Ask Beazley which entity issues and whether ExecuGuard limits are shared. [1](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") [2](https://www.beazley.com/en-us/products/executive-risk-usa/execuguard-combined-epl-do-and-fiduciary "Execuguard (Combined EPL, D&O, and Fiduciary)")
- Check Select Plus employee and asset caps against Beazley’s $20 million capacity. [3](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [1](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary")

## Beazley vs Cowbell Fiduciary Liability Insurance Compared

| Criteria | Beazley Fiduciary Liability | Cowbell / Zurich Select Plus Fiduciary Liability |
| --- | --- | --- |
| How to Apply | The Fiduciary page lists a downloadable ExecuGuard application as its Tools & Resources item, rather than a fiduciary-only application. [1](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..) | This fiduciary module is accessed only by appointed Zurich E&S wholesalers through the Cowbell platform's API; it is not sold directly to businesses. [3](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") (Evidence: Company-reported; scope: FAQ 'How can I access the Zurich Select Plus management liability product through Cowbell?'..) |
| 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. [1](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. [1](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. [1](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..) | Cowbell describes fiduciary liability as protecting against claims arising from breaches of fiduciary duties related to employee benefit plans, such as a company's 401(k) or health plan. [3](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") (Evidence: Company-reported; scope: FAQ 'What is the difference between management liability and D&O?'..) |
| 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](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") [2](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..) | Fiduciary liability is one module within Cowbell's distribution of Zurich's Select Plus management liability product; Cowbell operates the platform, Zurich underwrites the module. Zurich's own page lists 'Fiduciary Liability' as one of the four modules a buyer can combine. [3](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [4](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus") (Evidence: Company-reported; scope: Management liability page intro and module list; Zurich page module-name section..) |

## About Beazley and Cowbell and Fiduciary Liability Insurance

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

## Related Pages for Beazley vs Cowbell Fiduciary Liability Insurance

- [Beazley vs Cowbell](https://spot.insure/compare/beazley-vs-cowbell): 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.
- [Beazley Fiduciary Liability Insurance](https://spot.insure/insurance-providers/beazley/fiduciary)
- [Cowbell Fiduciary Liability Insurance](https://spot.insure/insurance-providers/cowbell/fiduciary)

## Sources for Beazley vs Cowbell Fiduciary Liability Insurance

### Sources About Beazley

1. [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.
2. [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.

### Sources About Cowbell

3. [Management liability coverage for small & medium enterprises](https://cowbell.insure/mgmt-liability/). Cowbell; FAQ 'What is the difference between management liability and D&O?' (Fiduciary Liability definition); Target industries list; FAQ on access and account size. Accessed 2026-09-23.
4. [Small and Midsize Business Management Liability | Zurich Select Plus](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability). Zurich North America; Intro on the Zurich/Cowbell collaboration; module name 'Fiduciary Liability'; FAQ 'What is the difference between management liability and D&O?' (identical to Cowbell's page); Targeted industries list; footer copyright. 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.

## Agent and Developer Resources

- [Markdown page](https://spot.insure/compare/beazley-vs-cowbell/fiduciary.md)
- [Developer resources](https://spot.insure/developers)
- [Public MCP server](https://spot.insure/mcp)
- [MCP server manifest](https://spot.insure/server.json)
- [OpenAPI description](https://spot.insure/openapi.json)
- [Public page index](https://spot.insure/llms.txt)