Chubb vs 
Heffernan Insurance Brokers Fiduciary Liability Insurance
Chubb underwrites ForeFront fiduciary for private companies; Heffernan places the line for businesses and family offices.
What Is Chubb?
Chubb is the marketing name for a global insurance group whose U.S. companies underwrite commercial property, casualty, cyber and financial-lines coverage, including technology-focused DigiTech ERM and small-business packages. Founders and finance teams typically work through an appointed agent, then receive a policy issued by a named Chubb-group insurer rather than by the Swiss holding company. 1,2,3
What Is Heffernan Insurance Brokers?
Heffernan Insurance Brokers is an independent, Walnut Creek–headquartered retail brokerage that arranges business insurance, employee benefits, and related services. Its technology practice markets to mid- and late-stage companies, including venture-funded and pre-IPO firms. 6,7,8
What Is Fiduciary Liability Insurance?
Fiduciary liability insurance addresses covered claims alleging breaches of duties in managing employee benefit plans. 10,11
Key Differences in Fiduciary Liability Insurance
Who Carries the Risk
A Chubb ForeFront fiduciary quote is Chubb paper for a privately owned company. Heffernan shops the same line through its corporate brokerage and its family-office practice, and does not issue the policy. If Heffernan places you with Chubb, you still get Chubb as insurer; if it places you elsewhere, the form and claims office change even though the broker does not. 4 5 8 9
Private Operating Companies Versus Family Offices
Chubb’s private-company underwriters handle ForeFront across industries. Heffernan also sells fiduciary into family offices, trust companies, trustees, financial advisors, private equity firms and foundations, alongside general business clients. A family office that is not a conventional private operating company may be in Heffernan’s documented book even when it is outside the way Chubb describes ForeFront. 4 9 8
Who the Policy Names
Chubb says the policy insures the company, executives, employees and the employee benefits plan itself. Heffernan’s family-office page lists fiduciary next to D&O, professional liability, EPL and trustee liability but does not say who is a named insured. You cannot tell from Heffernan’s reviewed pages whether the plan itself is an insured the way Chubb states. 4 9
How You Get a Quote
Agents and brokers quote and issue ForeFront on Chubb Marketplace. Heffernan’s family-office fiduciary work goes through a named Private Client Group specialist, not a self-serve bind. Limits are also unpublished on Heffernan’s reviewed pages, so the Marketplace quote is where a Chubb number appears; Heffernan’s number comes only after the specialist shops. 5 9
What to Confirm in Fiduciary Liability Insurance Quotes
- Ask Heffernan whether ForeFront is a market for your private company or family-office structure. 9 5
- Confirm the issuing insurer on Heffernan’s placement; its reviewed pages do not name one. 8
- Compare Chubb’s named insureds, including the plan, with Heffernan’s family-office wording. 4 9
- Ask how Heffernan’s Risk Management Assessment would sit next to Chubb’s loss-prevention resources. 9 5
Offering Details
Chubb vs Heffernan Insurance Brokers Fiduciary Liability Insurance: documented features by provider
| Criteria | Chubb ForeFront Portfolio 3.0 Fiduciary Liability Insurance | Heffernan Fiduciary Liability Insurance |
|---|---|---|
| Role in This Line | 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. | Heffernan places fiduciary liability coverage within its general corporate/executive-protection lineup and again within a dedicated family-office and financial-institution practice. It shops and places the coverage with insurers rather than underwriting it. 8,9Company-reported. Business Insurance and Family Office page listings; no dedicated fiduciary-liability product page was found. |
| Issuing Insurer | Not described in the reviewed sources. | The reviewed pages do not name the insurer or insurers that issue fiduciary liability policies Heffernan places for either business clients or family offices. 8,9Not publicly disclosed. Business Insurance and Family Office pages as read on 2026-09-23. |
| Who It’s For | 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. | Heffernan offers fiduciary liability to two named segments: general business clients through its business-insurance brokerage, and family offices, trust companies, trustees, financial advisors, private equity firms, foundations, and other financial institutions through its family-office practice. 8,9Company-reported. Direct practice-page listings; no minimum size or asset-under-management threshold was published for the coverage specifically. |
| Coverage Features | 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. | On the family-office page, fiduciary liability insurance is listed alongside directors and officers, professional liability, employment practices liability, trustee liability, and other management-liability-adjacent lines as coverage the practice can arrange, without describing the policy's insuring agreement or exclusions. 9Company-reported. Family Office page as read on 2026-09-23. |
| Limits and Retentions | 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. | Neither page publishes a fiduciary-liability limit, retention, or premium range. 8,9Not found in reviewed sources. Business Insurance and Family Office pages as read on 2026-09-23. |
| Risk Services | 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. | Heffernan's family-office practice describes a Risk Management Assessment: itemizing a client's structures, assets, and exposures; crafting insurance and risk-management strategies to close coverage gaps; and helping navigate claims, for its fiduciary and financial-institution client base. 9Company-reported. Family Office page as read on 2026-09-23; a company-described service, not a measured outcome. |
| How to Apply | 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. | The family-office practice's fiduciary-liability coverage is reached through a named Private Client Group specialist contact rather than a self-service online quote flow. 9Company-reported. Family Office page as read on 2026-09-23; the general business-insurance page's fiduciary listing routes through Heffernan's general Contact Us form instead. |
Full Comparison
More Chubb vs Heffernan Insurance Brokers Comparisons
Other Fiduciary Liability Insurance Comparisons
Sources
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.
Heffernan Insurance Brokers
- Our Story. Heffernan Insurance Brokers; Headquartered in Walnut Creek; nationwide presence; founded 1988; employee owned; niche practices including technology. Accessed 2026-09-16.
- Technology Company Insurance. Heffernan Insurance Brokers; Pre-IPO and venture-funded heading; mid to late stage specialization; global expansion copy; self-insurance strategies; Key Markets list; Why Heffernan broker history; Joseph Talmadge practice leader; FAQ. Accessed 2026-09-16.
- Heffernan Business Insurance Brokerage. Heffernan Insurance Brokers; Corporate and executive protection, such as employment practices liability, directors and officers liability, fiduciary responsibility, cyber liability, and kidnap and ransom are also available through our comprehensive business insurance programs. Accessed 2026-09-23.
- Family Office. Heffernan Insurance Brokers; We serve: Family offices, Trust companies, Individual and professional trustees, Financial advisors/CPAs/attorneys, Private equity firms, Foundations, Financial institutions; Coverage for Family Offices, Trustees & Financial Firms: ... Fiduciary liability insurance ...; Risk Management Assessment section; contact Lacey Garrison. 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 Insurance. Travelers; What Is Fiduciary Liability Insurance? Accessed 2026-09-16.
