Berkshire Hathaway Specialty Insurance vs Marsh: How Do They Compare for Fiduciary Liability Insurance?

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.

Marsh's FINPRO (financial and professional) practice places fiduciary liability insurance for retirement plan sponsors and fiduciaries; MMA also lists fiduciary coverage within its executive and professional liability practice. ^11,12Company-reported. Marsh fiduciary liability page and MMA executive and professional liability page.

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The reviewed pages do not name a specific fiduciary liability insurer. Marsh describes its own role as advising on limit assessment and carrier selection, implying the issuing insurer depends on the placement. ¹¹Not publicly disclosed. Fiduciary liability page as read on 2026-09-23.

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.

Marsh says a fiduciary liability policy typically insures the sponsor organization, the benefit plans it operates, and plan fiduciaries who are directors, officers or employees of the plan sponsor. ¹¹Company-reported. Fiduciary liability page, Who is covered? FAQ.

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.

Marsh says a fiduciary liability policy typically covers defense costs, damages, judgments and settlements from a fiduciary's breach of duty or from negligence, errors or omissions in administering a benefit plan, but does not cover contractual liability, so it cannot guarantee a plan's obligation to pay benefits due. ¹¹Company-reported. Fiduciary liability page FAQs; illustrative policy description, not a specific policy form.

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.

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Marsh says its FINPRO practice helps clients identify red flags in fiduciary controls, builds fiduciary liability programs from limit assessment to carrier selection, and provides claims advocacy to help resolve claims from the outset. ¹¹Company-reported. Fiduciary liability page, Why Marsh section.

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Marsh describes its claims advocates as helping clients resolve fiduciary liability claims from the onset, without publishing outcome statistics for this line. ¹¹Company-reported. Fiduciary liability page, Why Marsh section.