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

Beazley underwrites fiduciary coverage for benefit-plan administrators; The Hartford includes fiduciary protection in its Private Choice management-liability options for private companies and nonprofits.

Beazley publishes fiduciary statutory sublimits and sells standalone or in ExecuGuard; The Hartford includes the line in Private Choice Premier and a financial-institutions program. ^1,^2,³

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

How the Line Sits in Each Package

Beazley underwrites fiduciary on a dedicated product page and within ExecuGuard, which also includes D&O and employment-practices liability. The Hartford includes fiduciary among five Private Choice Premier options and lists a separate line for financial institutions. ¹ ² ³

How Each Carrier Describes a Claim

Beazley lists PPA, ERISA 502(c), IRC 4975 and PPACA sublimits plus HIPAA claims and HIPAA civil fines up to US $1,000,000. The Hartford describes protection from claims of fiduciary mismanagement, using the example of a staff member whose medical bills were not paid in accordance with the employer’s benefit plans. ¹ ³

Company Types Versus Plan Administrators

Beazley focuses on individuals who administer health, pension and 401(k) plans. The Hartford says the coverage is available to nonprofit organizations, publicly traded companies and privately held companies as part of its management-liability lineup. ¹ ³

Limits and Application Paths on Reviewed Pages

Beazley advertises fiduciary limits up to US $20 million, an optional additional defense limit, BeazleySure content and an ExecuGuard application. The Hartford’s reviewed management-liability page does not publish fiduciary limits, retentions or a fiduciary-only application flow. ¹ ³

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

Ask whether The Hartford quote is Private Choice Premier or the financial-institutions fiduciary product. ³
Confirm whether Beazley’s quote is standalone fiduciary or ExecuGuard with shared limits. ²
Compare Beazley’s statutory sublimits with The Hartford specimen; The Hartford’s reviewed page does not list those figures. ¹ ³
Get advertised versus quoted limits, including Beazley’s optional additional defense limit. ¹

Beazley vs The Hartford Fiduciary Liability Insurance Compared

Beazley vs The Hartford: Fiduciary Liability Insurance: documented features by provider

Criteria	Beazley Fiduciary Liability	The Hartford 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.	The Hartford says fiduciary liability insurance helps protect a business from claims of fiduciary mismanagement, giving as an example a staff member's claim after their medical bills weren't paid in accordance with the employer's benefit plans. ³Company-reported. Management liability product page as read 2026-09-23. General coverage description; the issued policy controls.
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.	The Hartford's fiduciary liability coverage is one of five options in its Private Choice Premier management-liability package; it also offers a separate fiduciary liability line within its financial-institutions management and professional liability products. ³Company-reported. Management liability product page as read 2026-09-23.

Criteria

Beazley Fiduciary Liability

The Hartford 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.

The Hartford says fiduciary liability insurance helps protect a business from claims of fiduciary mismanagement, giving as an example a staff member's claim after their medical bills weren't paid in accordance with the employer's benefit plans. ³Company-reported. Management liability product page as read 2026-09-23. General coverage description; the issued policy controls.

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.

The Hartford's fiduciary liability coverage is one of five options in its Private Choice Premier management-liability package; it also offers a separate fiduciary liability line within its financial-institutions management and professional liability products. ³Company-reported. Management liability product page as read 2026-09-23.