What Is Beazley?
Beazley’s MediaTech combines technology E&O, media and cyber, while Execuguard offers separate or shared executive-risk limits; small businesses seeking a quick standard quote should compare digital carriers. 1,2,3,4
Markel Insurance: Specialty Business and Products
Markel Insurance is Markel Group's specialty and small-business insurance business, with offerings across packages, workers' compensation, cyber, professional and management liability, property, marine, and surety. Products use different insurers and distribution routes, so compare the issuer and terms shown on the specific quote. 6,7
What Is Fiduciary Liability Insurance?
Fiduciary liability can protect your company and plan fiduciaries when participants claim mishandling of an employee benefit plan. If you sponsor a retirement or health plan, check who is insured and whether both administration errors and fiduciary-breach claims are addressed. 9,10,11
Key Differences in Fiduciary Liability Insurance
Standalone and Combined Options
Beazley describes fiduciary liability on a dedicated page and as one of three ExecuGuard coverages with D&O and employment-practices liability. Markel lists fiduciary liability within private-company and nonprofit management liability for organizations and benefit-plan fiduciaries. The pages offer different levels of structure detail; they do not establish that a package is required or that the same limits apply across lines. 5 3 8
Plan Protections and Published Terms
Beazley lists statutory-claim sublimits, omnibus plan language, voluntary-compliance protection and settlor-capacity wording, with an advertised overall limit up to $20 million. Markel describes claims involving plan mismanagement, administrative errors or breach of fiduciary duty, but its cited page gives no matching sublimits or limit figures. Compare actual wording; Beazley’s features and capacity remain subject to the issued policy and underwriting. 5 8
Services and Submission Detail
Beazley says policyholders receive BeazleySure loss-prevention resources and lists an ExecuGuard application under fiduciary tools. Markel’s reviewed page does not describe a fiduciary-specific platform or application. This is a difference in published service and submission detail, not service quality or proof of a package requirement. Ask each channel how a plan is submitted and what resources attach to the final policy. 5 8
What to Confirm in Fiduciary Liability Insurance Quotes
- Is fiduciary coverage standalone or bundled with D&O and EPL, and are limits shared? 5 3 8
- Which plan types, statutory claims, administration errors and new plans are addressed, with what sublimits? 5 8
- Which insurer issues the policy, what application is needed, and what risk resources are included? 5 8
Review Scores
These averages can combine ratings for different products, locations, and customer groups, including approximate BBB grade conversions. Read each review for the sources, scope, and calculation.
Beazley
Review Score
1 rated source
Beazley’s available customer feedback is mixed, with a 2.8/5 WalletHub rating from 15 reviews. That small, mixed-product sample gives business buyers limited guidance.[3][9]
Read Beazley reviewsMarkel Insurance
Review Score
2 rated sources
There is little public customer feedback on Markel. Trustpilot shows 2.5 out of 5 from just 5 reviews, and BBB lists 12 complaints closed in the last three years.[4][3]
Read Markel Insurance reviewsOffering Details
Beazley vs Markel Insurance Fiduciary Liability Insurance: documented features by provider
| Criteria | Beazley Fiduciary Liability | Markel fiduciary 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. 5,3Company-reported. US fiduciary liability as described on the two reviewed product pages; does not establish which entity issues a particular policy. | Markel lists fiduciary liability for private companies, nonprofits and individuals managing employee benefit plans. 8Company-reported. U.S. private/nonprofit product page; not a fidelity bond. |
| Issuing Insurer | The Fiduciary product page does not name the specific Beazley insurance entity that issues the policy. 5Not found in reviewed sources. Fiduciary page as read on 2026-09-23; the issued policy's declarations control the actual insurer. | Confirm in your quote. |
| Who It’s For | Confirm in your quote. | The page identifies private companies and not-for-profits and employee-plan fiduciaries as intended audiences; exact class and plan eligibility is not stated universally. 8Company-reported. Published audience description only. |
| 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. 5Company-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. 5Company-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. 5Company-reported. Fiduciary product page feature list; actual plan-coverage scope depends on the issued policy wording. | Markel describes claims involving benefit-plan mismanagement, administrative errors or breach of fiduciary duty, with potential defense costs, settlements and judgments subject to policy wording. 8Company-reported. Illustrative page description; policy terms control. |
| 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. 5Company-reported. Advertised maximum capacity, not a guaranteed quote amount. | Confirm in your quote. |
| 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. 5Company-reported. Fiduciary product page service description; actual entitlements depend on the policy purchased. | Confirm in your quote. |
| How to Apply | The Fiduciary page lists a downloadable ExecuGuard application as its Tools & Resources item, rather than a fiduciary-only application. 5Company-reported. Fiduciary product page Tools & Resources section as read on 2026-09-23. | Confirm in your quote. |
| Claims Support | Beazley says fiduciary policyholders get pre-approved choice-of-counsel flexibility, but the reviewed page does not otherwise describe fiduciary-specific claims handling beyond that; general policy notice and claims-contact guidance is provided on Beazley's separate claims-notification page. 5Company-reported. Fiduciary product page as read on 2026-09-23; claims-handling quality is not independently assessed. | Confirm in your quote. |
Full Comparison
More Beazley vs Markel Insurance Comparisons
Other Fiduciary Liability Insurance Comparisons
Sources
Beazley
- MediaTech for Small Businesses. Beazley; Opening product description; What we offer: E&O (Tech and Professional), Media, Cyber coverage includes; How can we help; SME placement paragraph; Tools & Resources. Accessed 2026-09-16.
- Legal Information. Beazley; Website conditions: US jurisdiction availability, surplus lines and policy wording disclaimers; Beazley plc identity. Accessed 2026-09-16.
- Execuguard (Combined EPL, D&O, 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.
- Virtual Care. Beazley; Available Coverages; Who we can help; Where is this offered. Accessed 2026-09-16.
- 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.
Markel Insurance
- About us. Markel; Markel at a glance; description of Markel Insurance within Markel Group Inc. Accessed 2026-09-28.
- Markel Group Inc. 2025 Form 10-K. U.S. Securities and Exchange Commission; filed by Markel Group Inc.; Cover page; Part I, Item 1 Business—Markel Insurance, U.S. Wholesale and Specialty, Programs and Solutions; Part II, Item 7/8 for group and segment risks. Accessed 2026-09-28.
- Private and Nonprofit Management Liability Insurance. Markel; What we offer; private/nonprofit segment; D&O, EPL, fiduciary and optional coverage sections. Accessed 2026-09-29.
Fiduciary Liability Insurance Guide
- Field Assistance Bulletin No. 2008-04: Guidance Regarding ERISA Fidelity Bonding Requirements. U.S. Department of Labor, Employee Benefits Security Administration; Q2 pp.2–3. Accessed 2026-09-16.
- Fiduciary Liability. Travelers Casualty and Surety Company of America; II.D,J–L pp.2–3; II.A p.1; II.V p.5; Header p.1; II.M p.3; I p.1; III.A.6–8 pp.5–6; II.M.2 p.3; III.B.1 p.6. Accessed 2026-09-16.
- Fiduciary Liability Insurance. Travelers; What Is Fiduciary Liability Insurance? Accessed 2026-09-16.
