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

Beazley underwrites fiduciary liability for benefit-plan administrators; Relm Insurance brokers it for companies managing pensions, health insurance, or other employee-benefit plans.

Beazley publishes fiduciary HIPAA sublimits and BeazleySure; Relm markets fiduciary to startups and growth-stage firms adding employee benefits early. ^1,^2,³

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

Direct Underwriting Versus Broker Channel

Beazley underwrites fiduciary standalone or in ExecuGuard. Relm markets coverage for brokers to place with companies managing pension or health plans; its reviewed pages do not name an issuing insurer or describe a direct online quote. ¹ ² ³

Who the Coverage Is Aimed At

Beazley describes personal liability of people running health, pension and 401(k) accounts. Relm targets companies that manage pensions or health insurance, specifically calling out startups and growth-stage firms that introduce benefits early to attract talent. ¹ ³

Protected Roles and Published Sublimits

Beazley lists PPA, ERISA, IRC and PPACA sublimits plus HIPAA fines up to US $1,000,000. Relm says fiduciary liability protects plan sponsors, trustees, administrators, investment committees, and directors and officers with discretionary authority under ERISA, covering legal fees, settlement and judgment costs tied to employee benefit plans. ¹ ³

Loss-Prevention Content

Beazley includes free BeazleySure content on employee-benefits topics. Relm’s reviewed fiduciary page does not describe dedicated plan-administration review or risk-control services beyond the general coverage description. ¹ ³

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

Ask Relm’s placing broker which insurer would issue the policy and whether Beazley is a market. ³ ¹
Compare Beazley’s advertised US $20 million limit with Relm’s proposed capacity; Relm’s page does not publish a fiduciary limit. ¹ ³
Confirm whether Relm’s ERISA discretionary-authority insureds match Beazley’s omnibus plan and settlor-capacity wording. ³ ¹
Ask how you apply: Beazley’s fiduciary tools list an ExecuGuard application, while Relm sells through brokers. ¹ ³

Beazley vs Relm Insurance Fiduciary Liability Insurance Compared

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

Criteria	Beazley Fiduciary Liability	Relm 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.	Relm sells fiduciary liability coverage through insurance brokers; its reviewed pages do not describe a direct online quote. ³Company-reported. Financial Lines page framing; consistent with Relm's broader broker-distribution model.
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.	Relm says fiduciary liability protects plan sponsors, trustees, administrators, investment committees, and directors and officers with 'discretionary authority' under ERISA, covering legal fees, settlement and judgment costs tied to employee benefit plans. ³Company-reported. Financial Lines page general description; the issued policy and declarations control.
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.	Relm markets fiduciary liability as a coverage brokers can place for clients that manage employee benefit plans. ³Company-reported. Relm line-of-business page (Relm sells through brokers); not a statement identifying the issuing insurer for a given placement.

Criteria

Beazley Fiduciary Liability

Relm 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.

Relm sells fiduciary liability coverage through insurance brokers; its reviewed pages do not describe a direct online quote. ³Company-reported. Financial Lines page framing; consistent with Relm's broader broker-distribution model.

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.

Relm says fiduciary liability protects plan sponsors, trustees, administrators, investment committees, and directors and officers with 'discretionary authority' under ERISA, covering legal fees, settlement and judgment costs tied to employee benefit plans. ³Company-reported. Financial Lines page general description; the issued policy and declarations control.

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.

Relm markets fiduciary liability as a coverage brokers can place for clients that manage employee benefit plans. ³Company-reported. Relm line-of-business page (Relm sells through brokers); not a statement identifying the issuing insurer for a given placement.