Beazley vs Newfront Fiduciary Liability Insurance

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.

Newfront's Executive Risk practice brokers fiduciary liability coverage, negotiating placement for management-liability lines. Deirdre Finn, the Executive Risk Solutions Practice Leader, oversees the D&O, employment-practices and fiduciary book of business. ¹⁰Company-reported. Executive Risk offering page and Leadership section.

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.

The reviewed Executive Risk page does not name the insurer or insurers that would issue a fiduciary liability policy placed through Newfront. ¹⁰Not publicly disclosed. Executive Risk page as read on 2026-09-23; carrier depends on the specific placement.

Not described in the reviewed sources.

Newfront says it services private companies from seed round through every series of funding and has worked with over 500 publicly traded companies, without a fiduciary-specific eligibility threshold. ¹⁰Company-reported. Here for the Long Run section; figures describe the executive-risk practice broadly, not fiduciary liability specifically.

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 (intended to automatically cover newly created or acquired benefit plans), 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.

Newfront lists Fiduciary among its Executive Risk Key Coverages, and says its work includes "safeguarding fiduciaries against breach of duty, mismanagement claims, and excessive fee allegations" for benefit-plan decision makers. ¹⁰Company-reported. Key Coverages list and Committed to Client Advocacy section.

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.

The reviewed Executive Risk page does not publish fiduciary-liability limits or retentions. ¹⁰Not publicly disclosed. Executive Risk page as read on 2026-09-23.

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.

Newfront says clients get 24/7 access to their insurance program through its connected dashboard, and that renewal submissions use automated, pre-populated historical data. ¹⁰Company-reported. Industry-Leading Technology section; described across Executive Risk lines, not fiduciary-specific.

The Fiduciary page lists a downloadable ExecuGuard application as its Tools & Resources item, rather than a fiduciary-only application, indicating fiduciary coverage is typically quoted together with the combined ExecuGuard package. ⁵Company-reported. Fiduciary product page Tools & Resources section as read on 2026-09-23.

You start a fiduciary liability placement by requesting a consultation through Newfront's Executive Risk page. ¹⁰Company-reported. Executive Risk page call-to-action; no online quoting or binding described.

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.

Newfront says it provides "integrated claims and coverage negotiation" for its Executive Risk lines, which would apply to a fiduciary liability claim. ¹⁰Company-reported. The Newfront Difference section; described across Executive Risk lines, not a fiduciary-specific claims workflow.