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

Beazley underwrites fiduciary coverage for plan administrators; HUB International brokers policies for employers with retirement or health plans and describes claims involving plan insurers, mutual funds, or administrators.

For plans needing published statutory caps, Beazley lists up to $20 million overall and $1 million for HIPAA; HUB walks plan sponsors through claims and treats fiduciary as separate from D&O, without publishing limits. ^1,^2,³

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

HUB describes claims involving denied benefits, inadequate plan funding, poor investment choices and incorrect plan termination but publishes no comparable policy limits. ¹ ³

Who Builds the Quote

Beazley underwrites fiduciary coverage for benefit-plan administrators, including within ExecuGuard. HUB arranges the line for employers sponsoring health or retirement plans; it does not underwrite, and its product page does not name the policy issuer. ¹ ² ³

What Each Side Says the Policy Answers

Beazley lists PPA, ERISA 502(c), IRC 4975 and PPACA sublimits at US $250,000, plus a US $1,000,000 HIPAA sublimit and HIPAA civil-fine coverage up to that amount. HUB instead walks through claim scenarios such as a plan insurer or TPA making bad choices, benefits denials, insufficient funding, poor investment selection and incorrect plan termination. ¹ ³

Relationship to Directors and Officers Coverage

Beazley can sell fiduciary coverage inside the same ExecuGuard package as D&O and employment practices liability. HUB tells buyers the fiduciary exposure is not covered by directors and officers policies, so it treats the line as separate rather than bundled. ² ³

Services and Intake

Beazley attaches BeazleySure employee-benefits loss-prevention content and a downloadable ExecuGuard application. HUB publishes a prevention video and administrative-error practices on the product page, and sends prospects to connect with a HUB broker rather than an online bind path. ¹ ³

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

Confirm whether a Beazley quote uses standalone fiduciary wording or ExecuGuard shared limits. ²
Ask HUB which markets it will approach and whether any of them is Beazley. ³ ¹
Match Beazley’s statutory sublimits and optional additional defense limit against HUB’s placement; HUB’s page does not publish policy limits. ¹ ³
Ask HUB how the quote treats defense versus settlement, given its note that combined costs on fiduciary claims can exceed $1 million as a risk statistic, not a limit. ³

Beazley vs HUB International Fiduciary Liability Insurance Compared

Beazley vs HUB International: Fiduciary Liability Insurance: documented features by provider

Criteria	Beazley Fiduciary Liability	HUB International Fiduciary Liability Insurance Brokerage
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.	HUB directs fiduciary liability prospects to "Connect With a Broker" or "Contact a HUB broker" rather than an online quote or bind flow. ³Company-reported. Product-page calls to action.
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.	HUB lists fiduciary liability claim scenarios it covers as including a plan's insurer, mutual fund or third-party administrator making bad choices, plan administration errors or conflicts of interest, benefits denial, changes or reductions, bad advice or improper counsel, insufficient plan funding, poor investment selection and incorrect plan termination. ³Company-reported. Product-page list of covered claim scenarios; the issued policy's insuring agreement and exclusions control an actual claim. HUB states that fiduciary liability exposure "is not covered by director's and officers' liability policies," positioning fiduciary liability as a separate line from D&O rather than a bundled coverage. ³Company-reported. Product-page statement distinguishing fiduciary liability from 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. ^1,²Company-reported. US fiduciary liability as described on the two reviewed product pages; does not establish which entity issues a particular policy.	HUB brokers fiduciary liability insurance for employers that sponsor health-care and retirement benefit plans, rather than underwriting the coverage itself. ³Company-reported. Fiduciary liability product page, read 2026-09-23. The page does not name an issuing insurer.
Risk Services	Fiduciary policyholders get free access to BeazleySure, Beazley's online risk-management platform, which the Fiduciary page describes as providing loss-prevention content on employee-benefits topics. ¹Company-reported. Fiduciary product page service description; actual entitlements depend on the policy purchased.	HUB publishes a video on preventing fiduciary liability claims and administrative-error best practices on the product page, but the page does not describe a formal fiduciary risk-management or plan-review service. ³Company-reported. Product-page educational video reference.