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

Beazley underwrites fiduciary liability for benefit-plan administrators; Founder Shield brokers the coverage for 401(k) sponsors and other plan fiduciaries, with an emphasis on innovation companies.

Beazley underwrites fiduciary and advertises limits up to $20 million; Founder Shield places policies only with carriers rated A- or better by AM Best. ^1,^2,^4,⁵

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

Carrier Versus Baldwin Group Brokerage

Beazley underwrites fiduciary coverage standalone and within ExecuGuard. Founder Shield arranges coverage with outside insurers it says are rated A- or better by AM Best, matched to industry appetite; neither reviewed page names the specific issuer. ¹ ⁴ ⁵

Policy Features Versus Scenario List

Beazley lists PPA, ERISA, IRC, PPACA and HIPAA sublimits, omnibus plan language, settlor-capacity protection, BeazleySure and choice of counsel. Founder Shield lists risky plan investments, poor investment advice, administrative errors and improper denial or change of benefits, and distinguishes fiduciary from D&O and general liability. Founder Shield’s reviewed pages do not publish those statutory sublimits. ¹ ³

Limits and How You Apply

Beazley advertises limits up to US $20 million. Founder Shield’s product and FAQ pages do not publish fiduciary limits or retentions. You request Founder Shield coverage through its website or an advisor; the placement team approaches carriers. Beazley lists an ExecuGuard application. Founder Shield markets to plan sponsors offering a 401(k) or similar plan and to individual fiduciaries who handle plan funds or property. ¹ ³ ⁴ ⁵

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

Ask Founder Shield which A- or better carrier is on the quote. ⁵
Ask Beazley which entity issues and whether ExecuGuard limits are shared. ¹ ²
Compare HIPAA and settlor terms on the Founder Shield-placed form against Beazley’s published sublimits. ¹ ³
Get dollar limits from Founder Shield; they are not on the reviewed pages. ³

Beazley vs Founder Shield Fiduciary Liability Insurance Compared

Beazley vs Founder Shield: Fiduciary Liability Insurance: documented features by provider

Criteria	Beazley Fiduciary Liability	Founder Shield Fiduciary Liability Insurance
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.	You request Founder Shield Fiduciary Liability Insurance through Founder Shield's website or an insurance advisor rather than binding coverage directly; Founder Shield says its placement team then approaches carriers on the client's behalf. ^4,⁵Company-reported. About-us and carrier-selection pages describe the general placement process, not a line-specific application form.
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.	Founder Shield lists claims of risky plan investments, poor investment advice, administrative errors in benefits processing, and improper denial or change of benefits as scenarios fiduciary liability responds to. ³Company-reported. Product page; the issued policy and declarations control actual coverage. Founder Shield distinguishes fiduciary liability from D&O and general liability: it responds to breach-of-fiduciary-duty claims tied to ERISA plan administration, not general management or bodily-injury claims. ³Company-reported. Fiduciary Liability product page.
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.	Founder Shield is a retail insurance brokerage, described on its site as “the innovation arm of The Baldwin Group,” and places Founder Shield Fiduciary Liability Insurance with third-party carriers rather than underwriting the policy itself. ⁴Company-reported. About-us page; applies to Founder Shield's brokerage model generally, restated here for this line.

Criteria

Beazley Fiduciary Liability

Founder Shield Fiduciary Liability Insurance

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.

You request Founder Shield Fiduciary Liability Insurance through Founder Shield's website or an insurance advisor rather than binding coverage directly; Founder Shield says its placement team then approaches carriers on the client's behalf. ^4,⁵Company-reported. About-us and carrier-selection pages describe the general placement process, not a line-specific application form.

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.

Founder Shield lists claims of risky plan investments, poor investment advice, administrative errors in benefits processing, and improper denial or change of benefits as scenarios fiduciary liability responds to. ³Company-reported. Product page; the issued policy and declarations control actual coverage.

Founder Shield distinguishes fiduciary liability from D&O and general liability: it responds to breach-of-fiduciary-duty claims tied to ERISA plan administration, not general management or bodily-injury claims. ³Company-reported. Fiduciary Liability product page.

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.

Founder Shield is a retail insurance brokerage, described on its site as “the innovation arm of The Baldwin Group,” and places Founder Shield Fiduciary Liability Insurance with third-party carriers rather than underwriting the policy itself. ⁴Company-reported. About-us page; applies to Founder Shield's brokerage model generally, restated here for this line.