---
title: "Beazley vs Relm Insurance Fiduciary Liability Insurance"
description: "Beazley underwrites fiduciary liability with HIPAA sublimits; Relm markets the line for brokers placing startup and growth-stage plans."
canonical: "https://spot.insure/compare/beazley-vs-relm/fiduciary"
page-type: "line-comparison"
updated-at: "2026-09-23"
---

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# Beazley vs Relm Insurance Fiduciary Liability Insurance

Beazley underwrites fiduciary liability with HIPAA sublimits; Relm markets the line for brokers placing startup and growth-stage plans.

## Research Scope and Use

Use this comparison to evaluate Beazley and Relm Insurance for Fiduciary Liability Insurance against the same documented criteria. It identifies differences and questions to confirm; it does not select a winner for a particular business. Offering claims are what each provider publishes about this line unless marked otherwise. “Not found” describes the evidence reviewed, not proof that a feature is unavailable. Confirm the insurer, policy wording, limits, retentions, exclusions and cost in an actual quote.

## Summary

Beazley writes fiduciary liability, including HIPAA civil-fine coverage and BeazleySure. Relm markets fiduciary liability that brokers can place for companies managing pensions or health insurance, with a stated focus on startups that add benefits early. [5](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") [3](https://www.beazley.com/en-us/products/executive-risk-usa/execuguard-combined-epl-do-and-fiduciary "Execuguard (Combined EPL, D&O, and Fiduciary)") [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance")

## What Is Beazley?

Beazley is a specialty insurance group whose MediaTech product combines technology and professional E&O, media and cyber coverage. Separate offerings address executive liability, digital health and other specialty risks. [1](https://www.beazley.com/en-US/products/small-business-solutions-usa/mediatech-for-small-businesses/ "MediaTech for Small Businesses") [2](https://www.beazley.com/en-us/legal-information-en/ "Legal Information") [3](https://www.beazley.com/en-us/products/executive-risk-usa/execuguard-combined-epl-do-and-fiduciary "Execuguard (Combined EPL, D&O, and Fiduciary)") [4](https://www.beazley.com/en-us/products/healthcare-usa/virtual-care "Virtual Care")

[Beazley profile](https://spot.insure/insurance-providers/beazley)

## What Is Relm Insurance?

Relm is a specialty insurance business serving emerging industries. Its AI range distinguishes developer liability, gaps in existing liability insurance and losses from third-party AI failures. [6](https://relminsurance.com/relm-launches-us-mga/ "Relm Launches US MGA") [7](https://relminsurance.com/relm-insurance-launches-ai-suite/ "Relm Launches AI Liability Solutions")

[Relm Insurance profile](https://spot.insure/insurance-providers/relm)

## What Is Fiduciary Liability Insurance?

Fiduciary liability insurance addresses covered claims alleging breaches of duties in managing employee benefit plans. [9](https://www.dol.gov/sites/dolgov/files/ebsa/employers-and-advisers/guidance/field-assistance-bulletins/erisa-fidelity-bonding-requirements.pdf "Field Assistance Bulletin No. 2008-04: Guidance Regarding ERISA Fidelity Bonding Requirements") [10](https://www.travelers.com/business-insurance/professional-liability-insurance/fiduciary-liability "Fiduciary Liability Insurance")

## Key Differences in Fiduciary Liability Insurance

### Direct Underwriting Versus Broker Channel

Beazley underwrites fiduciary liability for plan administrators, standalone or in ExecuGuard. Relm markets fiduciary liability as coverage brokers can place for clients that manage employee benefit plans, and its reviewed pages do not describe a direct online quote or name an issuing insurer. [5](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") [3](https://www.beazley.com/en-us/products/executive-risk-usa/execuguard-combined-epl-do-and-fiduciary "Execuguard (Combined EPL, D&O, and Fiduciary)") [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance")

### 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. [5](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance")

### 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. [5](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance")

### 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. [5](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance")

## What to Confirm in Fiduciary Liability Insurance Quotes

- Ask Relm’s placing broker which insurer would issue the policy and whether Beazley is a market. [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") [5](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary")
- Compare Beazley’s advertised US $20 million limit with Relm’s proposed capacity; Relm’s page does not publish a fiduciary limit. [5](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance")
- Confirm whether Relm’s ERISA discretionary-authority insureds match Beazley’s omnibus plan and settlor-capacity wording. [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") [5](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary")
- Ask how you apply: Beazley’s fiduciary tools list an ExecuGuard application, while Relm sells through brokers. [5](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance")

## Offering Details

| Criteria | Beazley Fiduciary Liability | Relm Fiduciary Liability Insurance |
| --- | --- | --- |
| 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](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") [3](https://www.beazley.com/en-us/products/executive-risk-usa/execuguard-combined-epl-do-and-fiduciary "Execuguard (Combined EPL, D&O, and Fiduciary)") (Evidence: Company-reported; scope: 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. [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") (Evidence: Company-reported; scope: Relm line-of-business page (Relm sells through brokers); not a statement identifying the issuing insurer for a given placement..) |
| Issuing Insurer | The Fiduciary product page does not name the specific Beazley insurance entity that issues the policy. [5](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") (Evidence: Not found in reviewed sources; scope: Fiduciary page as read on 2026-09-23; the issued policy's declarations control the actual insurer..) | The reviewed page does not name a specific issuing insurer for fiduciary liability placements. [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") (Evidence: Not publicly disclosed; scope: Line-of-business page as read on 2026-09-23; a specific placement's insurer is product- and jurisdiction-specific..) |
| Who It’s For | Not described in the reviewed sources. | Relm targets companies that manage employee benefit plans such as pensions or health insurance, specifically calling out startups and growth-stage companies that introduce benefits early to attract talent. [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") (Evidence: Company-reported; scope: Financial Lines page framing; not a guarantee of eligibility for a particular company..) |
| 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. [5](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") (Evidence: Company-reported; scope: Fiduciary product page description; exclusions and conditions are set by the issued policy..)<br><br>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. [5](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") (Evidence: Company-reported; scope: Fiduciary product page sublimit list; these sublimits sit inside, and are lower than, the overall policy limit..)<br><br>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. [5](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") (Evidence: Company-reported; scope: 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. [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") (Evidence: Company-reported; scope: Financial Lines page general description; the issued policy and declarations 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. [5](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") (Evidence: Company-reported; scope: Advertised maximum capacity, not a guaranteed quote amount..) | Not described in the reviewed sources. |
| 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. [5](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") (Evidence: Company-reported; scope: Fiduciary product page service description; actual entitlements depend on the policy purchased..) | The reviewed fiduciary liability page does not describe dedicated plan-administration review or risk-control services beyond the general coverage description. [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") (Evidence: Not found in reviewed sources; scope: Financial Lines page as read on 2026-09-23..) |
| How to Apply | 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. [5](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") (Evidence: Company-reported; scope: 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. [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") (Evidence: Company-reported; scope: Financial Lines page framing; consistent with Relm's broader broker-distribution model..) |
| 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. [5](https://www.beazley.com/en-us/products/executive-risk-usa/fiduciary/ "Fiduciary") (Evidence: Company-reported; scope: Fiduciary product page as read on 2026-09-23; claims-handling quality is not independently assessed..) | Not described in the reviewed sources. |

## Full Comparison

- [Beazley vs Relm Insurance](https://spot.insure/compare/beazley-vs-relm): all coverage lines, business roles, service and claims.
- [What Is Fiduciary Liability Insurance?](https://spot.insure/coverage/fiduciary): Fiduciary liability insurance can help with covered claims alleging that your business or its people breached duties in managing an employee benefit plan.
- [Beazley vs Relm Insurance Commercial Property Insurance](https://spot.insure/compare/beazley-vs-relm/commercial-property)
- [Beazley vs Relm Insurance Crime Insurance](https://spot.insure/compare/beazley-vs-relm/crime)
- [Beazley vs Relm Insurance Cyber Insurance](https://spot.insure/compare/beazley-vs-relm/cyber)
- [Beazley vs Relm Insurance D&O Insurance](https://spot.insure/compare/beazley-vs-relm/directors-officers)
- [Beazley vs Relm Insurance Employment Practices Liability Insurance](https://spot.insure/compare/beazley-vs-relm/employment-practices)
- [Beazley vs Relm Insurance General Liability Insurance](https://spot.insure/compare/beazley-vs-relm/general-liability)
- [Beazley vs Relm Insurance Media Liability Insurance](https://spot.insure/compare/beazley-vs-relm/media)
- [Beazley vs Relm Insurance Product Liability Insurance](https://spot.insure/compare/beazley-vs-relm/product-liability)
- [Beazley vs Relm Insurance Professional Liability (E&O) Insurance](https://spot.insure/compare/beazley-vs-relm/professional-errors-omissions)
- [Beazley vs Relm Insurance Tech E&O Insurance](https://spot.insure/compare/beazley-vs-relm/technology-errors-omissions)
- [Alliance Risk vs Beazley Fiduciary Liability Insurance](https://spot.insure/compare/alliance-risk-vs-beazley/fiduciary)
- [Alliance Risk vs Relm Insurance Fiduciary Liability Insurance](https://spot.insure/compare/alliance-risk-vs-relm/fiduciary)
- [Beazley vs Chubb Fiduciary Liability Insurance](https://spot.insure/compare/beazley-vs-chubb/fiduciary)
- [Beazley vs Coalition Fiduciary Liability Insurance](https://spot.insure/compare/beazley-vs-coalition/fiduciary)
- [Beazley vs Corgi Fiduciary Liability Insurance](https://spot.insure/compare/beazley-vs-corgi/fiduciary)
- [Beazley vs Coverdash Fiduciary Liability Insurance](https://spot.insure/compare/beazley-vs-coverdash/fiduciary)

## Sources

### Beazley

1. [MediaTech for Small Businesses](https://www.beazley.com/en-US/products/small-business-solutions-usa/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.
2. [Legal Information](https://www.beazley.com/en-us/legal-information-en/). Beazley; Website conditions: US jurisdiction availability, surplus lines and policy wording disclaimers; Beazley plc identity. Accessed 2026-09-16.
3. [Execuguard (Combined EPL, D&O, and Fiduciary)](https://www.beazley.com/en-us/products/executive-risk-usa/execuguard-combined-epl-do-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.
4. [Virtual Care](https://www.beazley.com/en-us/products/healthcare-usa/virtual-care). Beazley; Available Coverages; Who we can help; Where is this offered. Accessed 2026-09-16.
5. [Fiduciary](https://www.beazley.com/en-us/products/executive-risk-usa/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.

### Relm Insurance

6. [Relm Launches US MGA](https://relminsurance.com/relm-launches-us-mga/). Relm Insurance; Opening paragraphs describing US MGA and distribution partners. Accessed 2026-09-16.
7. [Relm Launches AI Liability Solutions](https://relminsurance.com/relm-insurance-launches-ai-suite/). Relm Insurance; NOVAAI, PONTAAI and RESCAAI: Applicable Users and Coverage Highlights. Accessed 2026-09-16.
8. [Financial Lines Insurance](https://relminsurance.com/lines-of-business/financial-lines-insurance/). Relm Insurance; Fiduciary Liability Insurance: What Is Fiduciary Liability Insurance?; Make Sure Benefits Don't Backfire; What Does Fiduciary Insurance Cover?. Accessed 2026-09-23.

### Fiduciary Liability Insurance Guide

9. [Field Assistance Bulletin No. 2008-04: Guidance Regarding ERISA Fidelity Bonding Requirements](https://www.dol.gov/sites/dolgov/files/ebsa/employers-and-advisers/guidance/field-assistance-bulletins/erisa-fidelity-bonding-requirements.pdf). U.S. Department of Labor, Employee Benefits Security Administration; Q2 pp.2–3. Accessed 2026-09-16.
10. [Fiduciary Liability Insurance](https://www.travelers.com/business-insurance/professional-liability-insurance/fiduciary-liability). Travelers; What Is Fiduciary Liability Insurance?. Accessed 2026-09-16.

Updated 2026-09-23. Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. The comparison applies the same criteria to both providers. [Editorial policy](https://spot.insure/editorial-policy). To suggest a correction, [contact Spot](https://spot.insure/contact) with the page URL and supporting source.

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