Berkshire Hathaway Specialty Insurance vs 
Nationwide: How Do They Compare for Fiduciary Liability Insurance?
Berkshire Hathaway Specialty Insurance’s fiduciary policy page lists full settlor coverage, ACA gap coverage, fines and penalties, and a recommendation rather than requirement to use specialized defense counsel. Nationwide describes fiduciary liability as a named commercial product but its overview does not specify plan-specific grants. 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 Nationwide?
Nationwide’s commercial catalogue includes common small-business policies and separate specialty products. A catalogue listing does not establish eligibility or policy terms; confirm the issuing company and coverage for your state and business. 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. 11,12,13
Key Differences in Fiduciary Liability Insurance
Policy Terms and Exposure
The records differ in how much a buyer can assess before a quote. Berkshire Hathaway Specialty Insurance identifies selected features; Nationwide leaves coverage details to the policy and jurisdiction. A plan sponsor comparing them should request definitions of fiduciary acts, covered plans, defense costs, and the treatment of settlor decisions from Nationwide’s proposed insurer. 6 10
Placement and Buyer Fit
Nationwide directs prospective customers to an agent or quote request and says plan eligibility is policy-specific. Berkshire Hathaway Specialty Insurance targets large commercial and financial firms with complex risk-transfer needs. Buyers should confirm that their plan size, sponsor type, and jurisdiction fit both underwriting routes before assessing terms. 6 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 reviewsNationwide
Review Score
4 rated sources
Experts like Nationwide more than customers do. NerdWallet gives it 4.5 out of 5 for business insurance, while small-business customers on ConsumerAffairs give it 2.5 out of 5 from 19 reviews.[1][10]
Read Nationwide reviewsOffering Details
Berkshire Hathaway Specialty Insurance vs Nationwide: Fiduciary Liability Insurance: documented features by provider
| Criteria | Fiduciary Liability in Executive First Private Company Portfolio | Nationwide fiduciary (official overview) |
|---|---|---|
| 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. | Nationwide describes offering fiduciary for the audience stated on the cited product page. 10Company-reported. fiduciary marketed by nationwide; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement. |
| 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. | Commercial organizations considering management-liability products; plan eligibility is policy-specific. 10Company-reported. fiduciary marketed by nationwide; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement. |
| 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. | The cited product page describes fiduciary liability as a named commercial-liability product; the overview does not specify plan-specific coverage grants. Marketing description only; actual coverage, exclusions, conditions, limits, and availability depend on the issued policy and jurisdiction. 10Company-reported. fiduciary marketed by nationwide; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement. |
| 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 cited overview does not set a universal limit or retention for this line. Ask for the proposed policy form, limits, retentions, exclusions, and conditions in the quote. 10Not publicly disclosed. Only the cited marketing page was reviewed for published limit and retention information; no policy-form entitlement is inferred. |
| How to Apply | Confirm in your quote. | The page directs prospective customers to contact an agent or request a quote. The page does not establish a quote, bind, or coverage-effective timeline. 10Company-reported. fiduciary marketed by nationwide; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement. |
Full Comparison
More Berkshire Hathaway Specialty Insurance vs Nationwide 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.
Nationwide
- Small Business Insurance. Nationwide; Small business products and solutions, lines 185–214: BOP, workers’ compensation, commercial auto, umbrella, EPLI, cyber and surety; purchase guidance lines 235–247. Accessed 2026-09-29.
- Small Business Insurance Solutions for Agents. Nationwide; Specialized small commercial solutions: BOP, auto, workers’ compensation, cyber, EPLI, umbrella, inland marine and professional liability; page states appetite varies by state, lines 129–163, 191–193. Accessed 2026-09-29.
- Terms and Conditions for Nationwide.com. Nationwide; P&C products not offered by all companies/states; policy/declarations control; NMI and affiliates may underwrite; each underwriter responsible for own products, lines 358–368 and 391–394. Accessed 2026-09-29.
- Commercial Liability Products | Nationwide. Nationwide; Fiduciary liability appears as a named product in the commercial-liability product suite. Accessed 2026-09-30.
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.
