Berkshire Hathaway Specialty Insurance vs 
Chubb: How Do They Compare for Fiduciary Liability Insurance?
Berkshire Hathaway Specialty Insurance’s fiduciary policy page lists full settlor coverage, Affordable Care Act gap coverage, and fines and penalties, and says specialized defense counsel is recommended but not required. Chubb says its ForeFront fiduciary policy insures the company, executives, employees, and the employee benefits plan. 6,10
What Is Berkshire Hathaway Specialty Insurance?
BHSI provides commercial and specialty insurance in the U.S., with product-specific industry lists that include healthcare, energy and technology. Online quote and application submissions are nonbinding. 1,2,3,4
Read the Berkshire Hathaway Specialty Insurance profile
Read the Berkshire Hathaway Specialty Insurance Fiduciary Liability Insurance page
What Is Chubb?
Chubb fits technology firms seeking DigiTech ERM or small businesses with up to $30 million in revenue seeking a BOP; buyers wanting an instant direct purchase should compare online carriers. Agents can quote eligible small accounts, with a faster cyber route. 7,8,9
What Is Fiduciary Liability Insurance?
Fiduciary liability can protect your company and plan fiduciaries when participants claim mishandling of an employee benefit plan. If you sponsor a retirement or health plan, check who is insured and whether both administration errors and fiduciary-breach claims are addressed. 12,13,14
Key Differences in Fiduciary Liability Insurance
What the Published Terms Show
These descriptions answer different policy questions: Berkshire Hathaway Specialty Insurance calls out selected grants and counsel flexibility, while Chubb specifies insured parties and lists claims such as improper benefit changes, plan-administration errors, prohibited transactions, and imprudent investments. Chubb’s page publishes no limit or retention. Ask for complete definitions and schedules rather than relying on summary descriptions. 5 10
Structure and Buyer Fit
Chubb places fiduciary as part of ForeFront Portfolio 3.0 and says agents can quote and issue it through Chubb Marketplace. Berkshire Hathaway Specialty Insurance lists fiduciary as part of Executive First with D&O, EPL, crime, and employed-lawyer insurance. Employers comparing bundled management protection should confirm which other lines share limits and whether standalone purchase is available. 5 10
What to Confirm in Fiduciary Liability Insurance Quotes
Review Scores
These averages can combine ratings for different products, locations, and customer groups, including approximate BBB grade conversions. Read each review for the sources, scope, and calculation.
Berkshire Hathaway Specialty Insurance
Review Score
No reviews found
The public ratings for Berkshire Hathaway Specialty Insurance are low but thin: Trustpilot shows 2.1 out of 5 from 9 reviews and BBB shows 1 out of 5 from 6. Both mix travel and commercial customers, so we don't count them in a score.[5][7]
Read Berkshire Hathaway Specialty Insurance reviewsChubb
Review Score
5 rated sources
Chubb earns 5/5 from NerdWallet, which reports fewer-than-expected commercial property and liability complaints. Customer ratings are mixed across products and locations.[1][4][7][8][9]
Read Chubb reviewsOffering Details
Berkshire Hathaway Specialty Insurance vs Chubb: Fiduciary Liability Insurance: documented features by provider
| Criteria | Fiduciary Liability in Executive First Private Company Portfolio | Chubb ForeFront Portfolio 3.0 Fiduciary Liability Insurance |
|---|---|---|
| Role in This Line | BHSI lists fiduciary liability as a component of its Executive First Private Company Portfolio comprehensive form with D&O, EPL, Commercial Crime and employed-lawyer insurance. 5Company-reported. This is a marketed portfolio component; the source does not say every line is required or that limits are shared. | Chubb underwrites Fiduciary Liability insurance directly through ForeFront Portfolio 3.0, designed to protect a privately owned company, its fiduciaries and its benefit plans against personal liability for errors, omissions or breaches of fiduciary duty related to benefit plans. 10Company-reported. ForeFront Portfolio 3.0 Fiduciary Liability product page. |
| Who It’s For | The portfolio targets private companies with at least $10 million in revenue and names construction, manufacturing, wholesale, retail, service, technology and transportation sectors. 5Company-reported. These are portfolio target-account statements, not guaranteed fiduciary eligibility. BHSI identifies large commercial and financial firms with complex risk-transfer needs as targets for this fiduciary policy. 6Company-reported. A target segment does not guarantee eligibility for an applicant or plan. | Chubb says private-company underwriters located across the U.S. handle this product and are experienced in a broad spectrum of industries. 10Company-reported. Coverage Highlights, Benefits section. |
| Coverage Features | BHSI names fiduciary liability as one component of the Executive First Private Company Portfolio. 5Company-reported. The source does not describe the fiduciary insuring agreement, covered plans or insured parties. BHSI’s Executive First Fiduciary Liability Policy page lists full settlor coverage, Affordable Care Act gap coverage, and coverage for fines and penalties; it says specialized defense counsel is recommended but not required. 6Company-reported. These are company-described product highlights. Applicable law, policy wording, conditions and exclusions govern a given plan or claim. | Chubb lists coverage responding to allegations including wrongful denial or improper change in benefits, error or omission in plan administration, improper advice or counsel, prohibited transactions, failure to administer a plan according to its documents, conflict of interest, and imprudent investment or selection/monitoring of third-party service providers. 10Company-reported. Coverage Highlights, Coverage Responds to allegations list; subject to the policy as issued. Chubb says the policy insures the company, the company's executives and employees, and the company's employee benefits plan itself. 10Company-reported. Coverage Highlights list. |
| Limits and Retentions | BHSI advertises shared or separate limits up to $50 million for the portfolio. 5Company-reported. The source does not give a fiduciary-specific limit or explain allocation among components. | The reviewed page does not publish specific policy limits or retentions for Fiduciary Liability coverage. 10Not found in reviewed sources. ForeFront Portfolio 3.0 Fiduciary Liability page as read on 2026-09-23. |
| Risk Services | Confirm in your quote. | Chubb says Fiduciary Liability policyholders have access to loss-prevention resources, and separately publishes Fiduciary Liability Insurance Loss Control Services materials within the ForeFront Portfolio. 10,11Company-reported. Coverage Highlights Benefits section; ForeFront Portfolio hub page lists a separate Loss Control Services resource. |
| How to Apply | Confirm in your quote. | Fiduciary Liability coverage is placed as part of the ForeFront Portfolio, which agents and brokers can quote and issue through Chubb Marketplace. 11Company-reported. ForeFront Portfolio hub page quoting section. |
Full Comparison
More Berkshire Hathaway Specialty Insurance vs Chubb Comparisons
Other Fiduciary Liability Insurance Comparisons
Sources
Berkshire Hathaway Specialty Insurance
- At A Glance. Berkshire Hathaway Specialty Insurance; United States section, zero-based PDF pages 49–53 (viewer pages 50–54): product/industry lists on pages 49–50; U.S. disclosure/version footer on page 53 is 2026-8-03 A. The 2026-09-14 A footer is on preceding European page 48, not the U.S. section. Accessed 2026-09-29.
- About Us. Berkshire Hathaway Specialty Insurance; About BHSI; company profile page re-opened through official site on 2026-09-28; company says it is part of National Indemnity group. Accessed 2026-09-28.
- Terms of Service. Berkshire Hathaway Specialty Insurance; Important Information Concerning Use of this Web Site, paragraphs 2–4; nonbinding submissions, contracted-agent authority, state variation, product availability and policy-specific terms. Accessed 2026-09-28.
- Public Disclosure — Berkshire Hathaway Specialty Insurance Singapore Branch. Berkshire Hathaway Specialty Insurance; Singapore branch public disclosure, Company Profile ¶¶ 1–2; direct page opened 2026-09-28. ¶ 1 identifies BHSIC as a Nebraska-domiciled direct P&C insurer; ¶ 2 states BHSIC is wholly owned by National Indemnity Company, itself wholly owned by Berkshire Hathaway Incorporated. Accessed 2026-09-28.
- Executive First Private Company Portfolio. Berkshire Hathaway Specialty Insurance; Product Highlights, lines 11–15: D&O, EPL, fiduciary, Commercial Crime and Employed Lawyers in one comprehensive form; shared or separate limits up to $50 million; EPL First HR resources and attorney helpline. Top Targets, lines 16–25: private companies with at least $10 million revenue and listed industries. Reopened 2026-09-30. Accessed 2026-09-30.
- Executive First Fiduciary Liability Policy. Berkshire Hathaway Specialty Insurance; Product Highlights: full settlor coverage, ACA gap coverage, recommended-not-mandatory specialized defense counsel, and fines/penalties; Top Targets: large commercial and financial firms (lines 6–20). Reopened 2026-09-30. Accessed 2026-09-30.
Chubb
- Insurance For Technology Companies. Chubb; Industry overview; Who we serve; Products and services: commercial package insurance (BOP, Benchmarq, Customarq), E&O/Cyber, Financial Lines, workers’ compensation, auto and umbrella; dedicated underwriting, claims and risk engineering. Accessed 2026-09-16.
- Terms Of Use. Chubb; Acceptance of Terms identifying Chubb Group Holdings Inc.; surplus-lines producer restriction; products not available to all users or jurisdictions; Chubb Limited safe-harbor language; Internet Portals for Chubb Business. Accessed 2026-09-16.
- Cyber Insurance Coverage & Products. Chubb; Cyber insurance product catalog: Cyber ERM, DigiTech ERM (technology E&O, media and cyber) and Pro ERM (non-licensed professional services); Marketplace quoting for eligible risks under $100 million revenue; first- and third-party coverage summaries. Accessed 2026-09-16.
- ForeFront Portfolio 3.0: Fiduciary Liability Insurance in the U.S. Chubb; Coverage Highlights: Benefits (private-company underwriters, loss prevention resources) and Coverage responds-to-allegations list. Accessed 2026-09-23.
- The ForeFront Portfolio. Chubb; Available Coverages: Fiduciary Liability Insurance listed among the ForeFront Portfolio's seven coverage parts; Chubb Marketplace quoting. Accessed 2026-09-23.
Fiduciary Liability Insurance Guide
- Field Assistance Bulletin No. 2008-04: Guidance Regarding ERISA Fidelity Bonding Requirements. U.S. Department of Labor, Employee Benefits Security Administration; Q2 pp.2–3. Accessed 2026-09-16.
- Fiduciary Liability. Travelers Casualty and Surety Company of America; II.D,J–L pp.2–3; II.A p.1; II.V p.5; Header p.1; II.M p.3; I p.1; III.A.6–8 pp.5–6; II.M.2 p.3; III.B.1 p.6. Accessed 2026-09-16.
- Fiduciary Liability Insurance. Travelers; What Is Fiduciary Liability Insurance? Accessed 2026-09-16.
