Chubb vs Founder Shield Fiduciary Liability Insurance

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. ⁴Company-reported. ForeFront Portfolio 3.0 Fiduciary Liability product page.

Founder Shield is a retail insurance brokerage, described on its site as “the innovation arm of The Baldwin Group,” and places Founder Shield Fiduciary Liability Insurance with third-party carriers rather than underwriting the policy itself. ¹²Company-reported. About-us page; applies to Founder Shield's brokerage model generally, restated here for this line.

Not described in the reviewed sources.

Founder Shield says it places policies, including Founder Shield Fiduciary Liability Insurance, only with carriers rated A- or better by AM Best, chosen for the client's industry. It does not name the issuing insurer for this line; that depends on which carrier the policy is placed with. ⁸Company-reported. General carrier-selection FAQ, not specific to this line's placements.

Chubb says private-company underwriters located across the U.S. handle this product and are experienced in a broad spectrum of industries. ⁴Company-reported. Coverage Highlights, Benefits section.

Founder Shield markets fiduciary liability to plan sponsors offering a 401(k) or similar plan and to the individual fiduciaries who handle plan funds or property. ¹¹Company-reported. Fiduciary Liability product page.

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. ⁴Company-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. ⁴Company-reported. Coverage Highlights list.

Founder Shield lists claims of risky plan investments, poor investment advice, administrative errors in benefits processing, and improper denial or change of benefits as scenarios fiduciary liability responds to. ¹¹Company-reported. Product page; the issued policy and declarations control actual coverage.

Founder Shield distinguishes fiduciary liability from D&O and general liability: it responds to breach-of-fiduciary-duty claims tied to ERISA plan administration, not general management or bodily-injury claims. ¹¹Company-reported. Fiduciary Liability product page.

The reviewed page does not publish specific policy limits or retentions for Fiduciary Liability coverage. ⁴Not found in reviewed sources. ForeFront Portfolio 3.0 Fiduciary Liability page as read on 2026-09-23.

Not described in the reviewed sources.

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. ^4,5Company-reported. Coverage Highlights Benefits section; ForeFront Portfolio hub page lists a separate Loss Control Services resource.

Not described in the reviewed sources.

Fiduciary Liability coverage is placed as part of the ForeFront Portfolio, which agents and brokers can quote and issue through Chubb Marketplace. ⁵Company-reported. ForeFront Portfolio hub page quoting section.

You request Founder Shield Fiduciary Liability Insurance through Founder Shield's website or an insurance advisor rather than binding coverage directly; Founder Shield says its placement team then approaches carriers on the client's behalf. ^12,8Company-reported. About-us and carrier-selection pages describe the general placement process, not a line-specific application form.