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

Beazley underwrites fiduciary liability for plan administrators and publishes policy limits; Travelers underwrites the coverage within Management & Professional Liability and sells it through independent agents.

Beazley publishes fiduciary limits up to $20 million and statutory sublimits; Travelers names nonprofits, financial institutions and public and private companies but does not publish limits. ^1,³

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

How to Buy the Coverage

Beazley underwrites fiduciary coverage standalone or within ExecuGuard. Travelers offers it within Management & Professional Liability, either by itself or with other management coverages, through independent agents. ¹ ² ³

Named Issuing Entity

Beazley’s fiduciary page does not name the specific Beazley insurance entity that issues the policy. Travelers’ product-page video disclosure names Travelers Casualty and Surety Company of America and its property casualty affiliates, while noting the issuing entity for a given policy can vary. ¹ ³

Published Sublimits Versus ERISA Description

Beazley lists US $250,000 statutory-claim sublimits, a US $1,000,000 HIPAA sublimit, omnibus plan language and settlor-capacity protection. Travelers says the coverage protects companies and individuals who manage a company-sponsored retirement or health plan from ERISA breach-of-fiduciary-duty claims, including litigation costs and plan-administration errors. ¹ ³

Appetite and Advertised Capacity

Beazley advertises fiduciary limits up to US $20 million and BeazleySure content. Travelers’ broad audience does not come with published capacity; use its claim-cost examples only to stress-test the limit an independent agent quotes, not as evidence of available policy limits. ¹ ³

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

Get the named issuing company on both quotes, including which Travelers affiliate writes yours. ¹ ³
Compare Beazley’s statutory and HIPAA sublimits with Travelers’ specimen wording. ¹ ³
Confirm quoted limits against Beazley’s advertised US $20 million maximum; do not treat Travelers’ industry settlement examples as policy limits. ¹ ³
Ask whether each quote is standalone fiduciary or packaged with other management-liability coverages. ² ³

Beazley vs Travelers Fiduciary Liability Insurance Compared

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

Criteria	Beazley Fiduciary Liability	Travelers 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.	Fiduciary liability coverage is bought through a Travelers independent agent. ³Company-reported. Product page "Find an insurance agent" call to action.
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.	Travelers says fiduciary liability coverage protects companies and individuals who manage a company-sponsored retirement or health plan from claims of mismanagement and personal liability for breach of fiduciary duty under ERISA, including litigation costs and errors or omissions in plan administration. ³Company-reported. Product page "What Is Fiduciary Liability Insurance?" and "What does fiduciary liability insurance cover?" sections; exact terms and exclusions are set by the issued policy.
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.	Travelers underwrites fiduciary liability insurance as part of its Management & Professional Liability line, sold standalone or alongside other management liability coverages. ³Company-reported. Product page general framing; confirmed against the broader Management and Professional Liability Insurance page.

Criteria

Beazley Fiduciary Liability

Travelers 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.

Fiduciary liability coverage is bought through a Travelers independent agent. ³Company-reported. Product page "Find an insurance agent" call to action.

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.

Travelers says fiduciary liability coverage protects companies and individuals who manage a company-sponsored retirement or health plan from claims of mismanagement and personal liability for breach of fiduciary duty under ERISA, including litigation costs and errors or omissions in plan administration. ³Company-reported. Product page "What Is Fiduciary Liability Insurance?" and "What does fiduciary liability insurance cover?" sections; exact terms and exclusions are set by the issued policy.

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.

Travelers underwrites fiduciary liability insurance as part of its Management & Professional Liability line, sold standalone or alongside other management liability coverages. ³Company-reported. Product page general framing; confirmed against the broader Management and Professional Liability Insurance page.