---
title: "Chubb vs Lockton Fiduciary Liability Insurance"
description: "Chubb underwrites ForeFront fiduciary and names the plan as an insured; Lockton brokers typical policy scope and claims strategy."
canonical: "https://spot.insure/compare/chubb-vs-lockton/fiduciary"
page-type: "line-comparison"
updated-at: "2026-09-23"
---

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[Human-readable page](https://spot.insure/compare/chubb-vs-lockton/fiduciary)

# Chubb vs Lockton Fiduciary Liability Insurance

Chubb underwrites ForeFront fiduciary and names the plan as an insured; Lockton brokers typical policy scope and claims strategy.

## Research Scope and Use

Use this comparison to evaluate Chubb and Lockton for Fiduciary Liability Insurance against the same documented criteria. It identifies differences and questions to confirm; it does not select a winner for a particular business. Offering claims are what each provider publishes about this line unless marked otherwise. “Not found” describes the evidence reviewed, not proof that a feature is unavailable. Confirm the insurer, policy wording, limits, retentions, exclusions and cost in an actual quote.

## Summary

Chubb writes fiduciary liability in ForeFront Portfolio 3.0 for private companies, executives, employees and the plan. Lockton places fiduciary policies as broker, describing typical insureds from the organization to committees and trustees, and integrates claims counsel into the broking team. [4](https://www.chubb.com/us-en/business-insurance/forefront-portfolio-3-0-fiduciary-liability-insurance.html "ForeFront Portfolio 3.0: Fiduciary Liability Insurance in the U.S.") [9](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance")

## 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](https://www.chubb.com/us-en/business-insurance/industries/technology.html "Insurance For Technology Companies") [2](https://www.chubb.com/us-en/terms-of-use.html "Terms Of Use") [3](https://www.chubb.com/us-en/business-insurance/products/cyber-insurance/cyber-insurance-products.html "Cyber Insurance Coverage & Products")

[Chubb profile](https://spot.insure/insurance-providers/chubb)

## What Is Lockton?

Lockton is a privately held insurance brokerage that arranges commercial risk, employee benefits and retirement programs. US pages describe a technology practice and intermediary placement with insurers, not Lockton as the policy’s insurer. [6](https://global.lockton.com/us/en "Lockton United States") [7](https://global.lockton.com/us/en/technology "Technology") [8](https://global.lockton.com/us/en/terms-of-business "US Terms of Business")

[Lockton profile](https://spot.insure/insurance-providers/lockton)

## What Is Fiduciary Liability Insurance?

Fiduciary liability insurance addresses covered claims alleging breaches of duties in managing employee benefit plans. [10](https://www.dol.gov/sites/dolgov/files/ebsa/employers-and-advisers/guidance/field-assistance-bulletins/erisa-fidelity-bonding-requirements.pdf "Field Assistance Bulletin No. 2008-04: Guidance Regarding ERISA Fidelity Bonding Requirements") [11](https://www.travelers.com/business-insurance/professional-liability-insurance/fiduciary-liability "Fiduciary Liability Insurance")

## Key Differences in Fiduciary Liability Insurance

### Underwriter Versus Broker

Chubb underwrites fiduciary liability through ForeFront Portfolio 3.0. Lockton places the coverage and is the broker, not the insurer; its reviewed page does not name the markets. A Lockton placement might use Chubb or another carrier, so the claims office and form follow the insurer Lockton selects, not Lockton’s letterhead. [4](https://www.chubb.com/us-en/business-insurance/forefront-portfolio-3-0-fiduciary-liability-insurance.html "ForeFront Portfolio 3.0: Fiduciary Liability Insurance in the U.S.") [5](https://www.chubb.com/us-en/business-insurance/forefront.html "The ForeFront Portfolio") [9](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance")

### What a Typical Policy Is Said to Cover

Chubb lists allegation types such as prohibited transactions and imprudent investment. Lockton describes a typical placed policy as covering breaches of benefit laws, plan-administration errors, voluntary compliance loss, and, when the wording says so, certain HIPAA, Pension Protection Act and ACA fines. Lockton also notes fiduciary liability is distinct from a legally required ERISA bond. Those extra items are only on the specimen if the market Lockton uses actually grants them; Chubb’s public list does not use that same fine-and-penalty framing. [4](https://www.chubb.com/us-en/business-insurance/forefront-portfolio-3-0-fiduciary-liability-insurance.html "ForeFront Portfolio 3.0: Fiduciary Liability Insurance in the U.S.") [9](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance")

### Who Is Named as an Insured

Chubb says the policy insures the company, executives, employees and the employee benefits plan. Lockton says coverage it places typically extends further to defined subsidiaries, spouses or domestic partners, estates and heirs, past employees kept as fiduciaries or consultants, and committees and trustees. If you need heirs, consultants or committee members on the form, that is a Lockton specimen question, not something Chubb’s reviewed page lists. [4](https://www.chubb.com/us-en/business-insurance/forefront-portfolio-3-0-fiduciary-liability-insurance.html "ForeFront Portfolio 3.0: Fiduciary Liability Insurance in the U.S.") [9](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance")

### How You Buy Fiduciary Cover

Chubb agents and brokers quote and issue ForeFront through Chubb Marketplace. Lockton places the line as a broker rather than offering a carrier marketplace bind of its own. You reach Chubb capacity through Marketplace; you reach other (or the same) markets by asking Lockton to shop, including whether Chubb is on that list. [5](https://www.chubb.com/us-en/business-insurance/forefront.html "The ForeFront Portfolio") [9](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance")

## What to Confirm in Fiduciary Liability Insurance Quotes

- Ask Lockton whether Chubb is a market for your ForeFront-eligible private company. [9](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") [4](https://www.chubb.com/us-en/business-insurance/forefront-portfolio-3-0-fiduciary-liability-insurance.html "ForeFront Portfolio 3.0: Fiduciary Liability Insurance in the U.S.")
- Confirm whether fines and penalties Lockton describes are actually stated on the Chubb specimen. [9](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") [4](https://www.chubb.com/us-en/business-insurance/forefront-portfolio-3-0-fiduciary-liability-insurance.html "ForeFront Portfolio 3.0: Fiduciary Liability Insurance in the U.S.")
- Compare Lockton’s extended insured list (heirs, past employees, consultants) with Chubb’s named insureds. [9](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") [4](https://www.chubb.com/us-en/business-insurance/forefront-portfolio-3-0-fiduciary-liability-insurance.html "ForeFront Portfolio 3.0: Fiduciary Liability Insurance in the U.S.")
- Ask how Lockton’s claims team would use Chubb’s loss-prevention resources after bind. [9](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") [5](https://www.chubb.com/us-en/business-insurance/forefront.html "The ForeFront Portfolio")

## Offering Details

| Criteria | Chubb ForeFront Portfolio 3.0 Fiduciary Liability Insurance | Lockton Fiduciary Liability Insurance Brokerage |
| --- | --- | --- |
| 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. [4](https://www.chubb.com/us-en/business-insurance/forefront-portfolio-3-0-fiduciary-liability-insurance.html "ForeFront Portfolio 3.0: Fiduciary Liability Insurance in the U.S.") (Evidence: Company-reported; scope: ForeFront Portfolio 3.0 Fiduciary Liability product page..) | Lockton places fiduciary liability insurance to protect companies and the individuals who manage their employee benefit plans against claims of mismanagement; Lockton is the broker, not the insurer. [9](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") (Evidence: Company-reported; scope: Fiduciary liability product page as read 2026-09-23..) |
| Issuing Insurer | Not described in the reviewed sources. | The page does not name the insurers Lockton places fiduciary liability coverage with. [9](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") (Evidence: Not publicly disclosed; scope: Fiduciary liability page checked 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. [4](https://www.chubb.com/us-en/business-insurance/forefront-portfolio-3-0-fiduciary-liability-insurance.html "ForeFront Portfolio 3.0: Fiduciary Liability Insurance in the U.S.") (Evidence: Company-reported; scope: Coverage Highlights, Benefits section..) | Lockton says coverage under a fiduciary liability policy it places typically extends to the organization, the benefit plans, employees, subsidiaries as defined in the policy, spouses/domestic partners, estates/heirs, past employees retained as fiduciaries or consultants, and committees and trustees. [9](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") (Evidence: Company-reported; scope: Fiduciary liability product page as read 2026-09-23..) |
| 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. [4](https://www.chubb.com/us-en/business-insurance/forefront-portfolio-3-0-fiduciary-liability-insurance.html "ForeFront Portfolio 3.0: Fiduciary Liability Insurance in the U.S.") (Evidence: Company-reported; scope: Coverage Highlights, Coverage Responds to allegations list; subject to the policy as issued..)<br><br>Chubb says the policy insures the company, the company's executives and employees, and the company's employee benefits plan itself. [4](https://www.chubb.com/us-en/business-insurance/forefront-portfolio-3-0-fiduciary-liability-insurance.html "ForeFront Portfolio 3.0: Fiduciary Liability Insurance in the U.S.") (Evidence: Company-reported; scope: Coverage Highlights list..) | Lockton says a typical fiduciary liability policy it places covers breaches of benefit laws, errors and omissions in plan administration, voluntary compliance loss, and, when explicitly stated, certain fines and penalties such as under HIPAA, the Pension Protection Act and the ACA. It also notes fiduciary liability is distinct from an ERISA bond, which is legally required and insures plan assets against theft under a crime/fidelity policy, whereas fiduciary liability is not legally required but covers governance and decision-making risk. [9](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") (Evidence: Company-reported; scope: Fiduciary liability product page as read 2026-09-23. General policy-structure description, not a specimen form..) |
| Limits and Retentions | The reviewed page does not publish specific policy limits or retentions for Fiduciary Liability coverage. [4](https://www.chubb.com/us-en/business-insurance/forefront-portfolio-3-0-fiduciary-liability-insurance.html "ForeFront Portfolio 3.0: Fiduciary Liability Insurance in the U.S.") (Evidence: Not found in reviewed sources; scope: ForeFront Portfolio 3.0 Fiduciary Liability page as read on 2026-09-23..) | Not described in the reviewed sources. |
| 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](https://www.chubb.com/us-en/business-insurance/forefront-portfolio-3-0-fiduciary-liability-insurance.html "ForeFront Portfolio 3.0: Fiduciary Liability Insurance in the U.S.") [5](https://www.chubb.com/us-en/business-insurance/forefront.html "The ForeFront Portfolio") (Evidence: Company-reported; scope: Coverage Highlights Benefits section; ForeFront Portfolio hub page lists a separate Loss Control Services resource..) | Not described in the reviewed sources. |
| 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. [5](https://www.chubb.com/us-en/business-insurance/forefront.html "The ForeFront Portfolio") (Evidence: Company-reported; scope: ForeFront Portfolio hub page quoting section..) | Not described in the reviewed sources. |
| Claims Support | Not described in the reviewed sources. | Lockton's Professional & Executive Risk Claims team integrates insurance and claims counsel within the broking team, which Lockton says is meant to have claims strategy in place before a fiduciary liability claim arises. [9](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") (Evidence: Company-reported; scope: Fiduciary liability product page as read 2026-09-23..) |

## Full Comparison

- [Chubb vs Lockton](https://spot.insure/compare/chubb-vs-lockton): all coverage lines, business roles, service and claims.
- [What Is Fiduciary Liability Insurance?](https://spot.insure/coverage/fiduciary): Fiduciary liability insurance can help with covered claims alleging that your business or its people breached duties in managing an employee benefit plan.
- [Chubb vs Lockton Cargo and Transit Insurance](https://spot.insure/compare/chubb-vs-lockton/cargo-transit)
- [Chubb vs Lockton Commercial Property Insurance](https://spot.insure/compare/chubb-vs-lockton/commercial-property)
- [Chubb vs Lockton Crime Insurance](https://spot.insure/compare/chubb-vs-lockton/crime)
- [Chubb vs Lockton Cyber Insurance](https://spot.insure/compare/chubb-vs-lockton/cyber)
- [Chubb vs Lockton D&O Insurance](https://spot.insure/compare/chubb-vs-lockton/directors-officers)
- [Chubb vs Lockton Employment Practices Liability Insurance](https://spot.insure/compare/chubb-vs-lockton/employment-practices)
- [Chubb vs Lockton General Liability Insurance](https://spot.insure/compare/chubb-vs-lockton/general-liability)
- [Chubb vs Lockton Representations and Warranties Insurance](https://spot.insure/compare/chubb-vs-lockton/representations-warranties)
- [Chubb vs Lockton Surety Bonds](https://spot.insure/compare/chubb-vs-lockton/surety-bonds)
- [Chubb vs Lockton Workers’ Compensation Insurance](https://spot.insure/compare/chubb-vs-lockton/workers-compensation)
- [Alliance Risk vs Chubb Fiduciary Liability Insurance](https://spot.insure/compare/alliance-risk-vs-chubb/fiduciary)
- [Alliance Risk vs Lockton Fiduciary Liability Insurance](https://spot.insure/compare/alliance-risk-vs-lockton/fiduciary)
- [Beazley vs Chubb Fiduciary Liability Insurance](https://spot.insure/compare/beazley-vs-chubb/fiduciary)
- [Beazley vs Lockton Fiduciary Liability Insurance](https://spot.insure/compare/beazley-vs-lockton/fiduciary)
- [Chubb vs Coalition Fiduciary Liability Insurance](https://spot.insure/compare/chubb-vs-coalition/fiduciary)
- [Chubb vs Corgi Fiduciary Liability Insurance](https://spot.insure/compare/chubb-vs-corgi/fiduciary)

## Sources

### Chubb

1. [Insurance For Technology Companies](https://www.chubb.com/us-en/business-insurance/industries/technology.html). 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.
2. [Terms Of Use](https://www.chubb.com/us-en/terms-of-use.html). 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.
3. [Cyber Insurance Coverage & Products](https://www.chubb.com/us-en/business-insurance/products/cyber-insurance/cyber-insurance-products.html). 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.
4. [ForeFront Portfolio 3.0: Fiduciary Liability Insurance in the U.S.](https://www.chubb.com/us-en/business-insurance/forefront-portfolio-3-0-fiduciary-liability-insurance.html). Chubb; Coverage Highlights: Benefits (private-company underwriters, loss prevention resources) and Coverage responds-to-allegations list. Accessed 2026-09-23.
5. [The ForeFront Portfolio](https://www.chubb.com/us-en/business-insurance/forefront.html). Chubb; Available Coverages: Fiduciary Liability Insurance listed among the ForeFront Portfolio's seven coverage parts; Chubb Marketplace quoting. Accessed 2026-09-23.

### Lockton

6. [Lockton United States](https://global.lockton.com/us/en). Lockton; Opening description of independent insurance brokerage for risk, benefits and retirement; Ask an Expert link to contact-us. Accessed 2026-09-16.
7. [Technology](https://global.lockton.com/us/en/technology). Lockton; Industry introduction; cyber liability heading; dedicated technology team; listed services including claims advocacy, contract review, directors and officers liability, and international program design; 24/7 service model. Accessed 2026-09-16.
8. [US Terms of Business](https://global.lockton.com/us/en/terms-of-business). Lockton; Opening entity definition; Surplus Lines; Use of a Particular Insurer; Compensation Disclosure; servicing, claims handling and renewal language in Confidentiality section; Intermediaries. Accessed 2026-09-16.
9. [Fiduciary Liability Insurance](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance). Lockton; What is fiduciary liability insurance?; Typical coverage on a fiduciary liability policy; Who can be covered under a fiduciary liability policy?; How does fiduciary liability insurance complement similar lines of coverage; Claims management. Accessed 2026-09-23.

### Fiduciary Liability Insurance Guide

10. [Field Assistance Bulletin No. 2008-04: Guidance Regarding ERISA Fidelity Bonding Requirements](https://www.dol.gov/sites/dolgov/files/ebsa/employers-and-advisers/guidance/field-assistance-bulletins/erisa-fidelity-bonding-requirements.pdf). U.S. Department of Labor, Employee Benefits Security Administration; Q2 pp.2–3. Accessed 2026-09-16.
11. [Fiduciary Liability Insurance](https://www.travelers.com/business-insurance/professional-liability-insurance/fiduciary-liability). Travelers; What Is Fiduciary Liability Insurance?. Accessed 2026-09-16.

Updated 2026-09-23. Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. The comparison applies the same criteria to both providers. [Editorial policy](https://spot.insure/editorial-policy). To suggest a correction, [contact Spot](https://spot.insure/contact) with the page URL and supporting source.

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