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

Beazley publishes fiduciary limits up to $20 million and an optional extra limit; Embroker arranges online applications and lists its own fiduciary-policy limits and exclusions for review.

Beazley includes settlor-capacity protection and offers limits up to $20 million; Embroker quotes online up to $20 million but excludes embezzlement, outside plan administrators and ERISA funding failures. ^1,³

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

Automatic New Plans and Settlor Language

Beazley includes settlor-capacity protection and omnibus wording intended to pick up newly created or acquired plans. Embroker also says most new plans get automatic coverage, but excludes embezzlement, outside plan administrators and failure to fund a plan in accordance with ERISA. ¹ ³

How You Quote and Who Underwrites

Beazley underwrites the line; Embroker’s fiduciary page describes selling standalone or bundled with D&O and EPL through an online quote and does not name an issuing insurer in the offering claims. Beazley lists an ExecuGuard application rather than a fiduciary-only form. 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. ¹ ³

Capacity, Premium Talk and Services

Both mention $20 million: Beazley as advertised fiduciary limits up to US $20 million with an optional additional defense limit; Embroker as policies that can cover as much as $20 million, with typical premiums of $500 to $2,500 per year. Beazley adds statutory sublimits, BeazleySure and choice of counsel. Embroker’s reviewed fiduciary page does not describe dedicated plan-administration review beyond a resource hub and chat. ¹ ³

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

Compare settlor-capacity on Beazley with Embroker’s ERISA funding-failure exclusion. ¹ ³
Ask Embroker whether outside TPAs are excluded as described. ³
Ask Beazley whether the quote is ExecuGuard and whether limits are shared. ²
Treat both $20 million figures as advertised maxima, not guaranteed quotes. ¹ ³

Beazley vs Embroker Fiduciary Liability Insurance Compared

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

Criteria	Beazley Fiduciary Liability	Embroker Fiduciary Liability Insurance
Limits and Retentions	Beazley advertises fiduciary limits up to US $20 million, with an optional additional defense limit available; the statutory sublimits described above apply within that overall limit. ¹Company-reported. Advertised maximum capacity, not a guaranteed quote amount.	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.
How to Apply	The Fiduciary page lists a downloadable ExecuGuard application as its Tools & Resources item, rather than a fiduciary-only application. ¹Company-reported. Fiduciary product page Tools & Resources section as read on 2026-09-23.	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	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.	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	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.	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.