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

Beazley underwrites fiduciary insurance for plan administrators; RiskCube lists it in a startup catalogue and describes coverage for directors, officers, and plan administrators.

Beazley advertises fiduciary limits up to $20 million and publishes statutory terms; RiskCube lists the line for startups and says institutional investors often require it. ^1,^2,³

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

Underwritten Form Versus Catalogue Placement

Beazley underwrites fiduciary liability, including inside ExecuGuard. RiskCube lists the line through an independent brokerage and does not underwrite the policy; neither product page identifies the policy issuer. ¹ ² ³

Why a Startup Would Buy It

Beazley presents the product as personal-liability protection for people running benefit plans. RiskCube’s catalogue says fiduciary liability is required by many institutional investors, framing it as an investor-driven purchase rather than a day-one startup default. ¹ ³

Coverage Detail on Public Pages

Beazley publishes HIPAA and other statutory sublimits, omnibus plan language and settlor-capacity protection. RiskCube’s catalogue describes coverage for directors, officers and plan administrators against claims of mismanaging 401(k) plans, health benefits and stock-option programs, without those sublimit figures. ¹ ³

How You Reach a Quote

Beazley lists a downloadable ExecuGuard application as its fiduciary tool. RiskCube’s catalogue “Learn more” link for fiduciary liability redirects to a general contact form rather than a dedicated fiduciary application page; the reviewed RiskCube pages also do not publish limits. ¹ ³ ⁴

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

Ask RiskCube which carrier would issue the policy and whether Beazley is available. ³ ¹
Compare Beazley’s advertised US $20 million capacity with RiskCube’s quote; RiskCube’s reviewed pages do not publish a fiduciary limit. ¹ ³
Confirm whether stock-option programs RiskCube mentions sit inside Beazley’s omnibus plan language on the specimen. ³ ¹
Ask how investor requirements RiskCube cites map to Beazley’s HIPAA and voluntary-compliance sublimits. ³ ¹

Beazley vs RiskCube Fiduciary Liability Insurance Compared

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

Criteria	Beazley Fiduciary Liability	RiskCube Fiduciary Liability Insurance
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.	RiskCube's catalogue describes fiduciary liability as covering directors, officers and plan administrators against claims of mismanaging employee benefit plans, including 401(k) plans, health benefits and stock option programs. ³Company-reported. One-paragraph catalogue card; no policy form or exclusion list was found for this line.
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.	RiskCube lists Fiduciary Liability Insurance as one line in its startup catalogue, sold through RiskCube Insurance Services, LLC, which the catalogue page describes as an "Independent brokerage." RiskCube does not underwrite the policy itself. ³Company-reported. Catalogue-level description; no fiduciary-liability-specific product page exists to confirm additional role detail.

Criteria

Beazley Fiduciary Liability

RiskCube Fiduciary Liability Insurance

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.

RiskCube's catalogue describes fiduciary liability as covering directors, officers and plan administrators against claims of mismanaging employee benefit plans, including 401(k) plans, health benefits and stock option programs. ³Company-reported. One-paragraph catalogue card; no policy form or exclusion list was found for this line.

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.

RiskCube lists Fiduciary Liability Insurance as one line in its startup catalogue, sold through RiskCube Insurance Services, LLC, which the catalogue page describes as an "Independent brokerage." RiskCube does not underwrite the policy itself. ³Company-reported. Catalogue-level description; no fiduciary-liability-specific product page exists to confirm additional role detail.