Coalition vs Cowbell: How Do They Compare for Fiduciary Liability Insurance?

Coalition distributes fiduciary as one of four Executive Risks coverages through appointed brokers only; Cowbell distributes Zurich-underwritten fiduciary coverage to eligible private companies only through insurance brokers appointed by Zurich, not directly to businesses.

Coalition’s fiduciary program accepts eligible organizations with up to 1,000 employees and $500 million in company and plan assets; Cowbell restricts its Zurich module to private firms under 250 employees and $50 million in assets. ^1,³

What Are the Key Differences Between Coalition and Cowbell Fiduciary Liability Insurance?

Access Through a Broker

Coalition offers fiduciary only through appointed brokers. Cowbell’s Select Plus module is available through appointed Zurich wholesalers rather than direct to small businesses, so ask whether your current broker can access it. ¹ ³

Headcount and Asset Gates

Coalition says Executive Risks fiduciary covers private and nonprofit U.S. organizations with up to 1,000 employees, $500 million in company assets and $500 million in plan assets. Cowbell sets a tighter gate for its Zurich Select Plus module: private companies under 250 employees and under $50 million in assets, in listed industries such as manufacturing and technology. ¹ ³ ⁴

What Should You Confirm in Coalition and Cowbell Fiduciary Liability Insurance Quotes?

Check which size gate you meet: Coalition’s 1,000-employee / $500 million figures versus Cowbell’s 250 / $50 million. ¹ ³
Confirm whether you need an appointed Coalition broker or a Zurich E&S wholesaler on Cowbell. ¹ ³
Get admitted versus non-admitted paper on Coalition, versus Zurich admitted Select Plus. ² ⁴
Compare Coalition’s $10 million per-line figure with the Cowbell/Zurich quoted limit. ¹ ³

Coalition vs Cowbell Fiduciary Liability Insurance Compared

Coalition vs Cowbell: Fiduciary Liability Insurance: documented features by provider

Criteria	Coalition Executive Risks — Fiduciary Liability	Cowbell / Zurich Select Plus Fiduciary Liability
Who It’s For	Coalition says Executive Risks products, including fiduciary liability, are available to private and not-for-profit U.S. organizations in all 50 states and Washington, D.C., with up to $500 million in assets, up to 1,000 employees, and up to $500 million in plan assets. ¹Company-reported. Executive Risks FAQ as read on 2026-09-23; the plan-assets cap is directly relevant to fiduciary eligibility.	Cowbell targets this fiduciary module at private companies with under 250 employees and under $50M in assets, across the same target industries listed for the broader Select Plus product, such as manufacturing and technology. ³Company-reported. FAQ 'What size accounts are targeted?' and Target industries list.
How to Apply	Coalition distributes Executive Risks, including fiduciary liability, only through appointed insurance brokers rather than direct to buyers. ¹Company-reported. Executive Risks product page as read on 2026-09-23.	This fiduciary module is accessed only by appointed Zurich E&S wholesalers through the Cowbell platform's API; it is not sold directly to businesses. ³Company-reported. FAQ 'How can I access the Zurich Select Plus management liability product through Cowbell?'.
Coverage Features	Coalition says fiduciary liability provides coverage for claims of mismanagement of employee benefits and pension plans. ¹Company-reported. Executive Risks product page as read on 2026-09-23; exclusions and limitations apply per the page footer, and the issued policy controls actual terms.	Cowbell describes fiduciary liability as protecting against claims arising from breaches of fiduciary duties related to employee benefit plans, such as a company's 401(k) or health plan. ³Company-reported. FAQ 'What is the difference between management liability and D&O?'.
Role in This Line	Coalition designs and distributes fiduciary liability as one of four coverages in its Executive Risks product suite, sold through appointed brokers. ¹Company-reported. Executive Risks product page as read on 2026-09-23.	Fiduciary liability is one module within Cowbell's distribution of Zurich's Select Plus management liability product; Cowbell operates the platform, Zurich underwrites the module. Zurich's own page lists 'Fiduciary Liability' as one of the four modules a buyer can combine. ^3,⁴Company-reported. Management liability page intro and module list; Zurich page module-name section.
Issuing Insurer	Coalition's disclaimer names Zurich American Insurance Company (NAIC 16535) as the admitted carrier for Executive Risks, and says Coalition Insurance Solutions, Inc. also places Executive Risks with unaffiliated insurers on a non-admitted basis, so the carrier for a specific fiduciary policy depends on the placement route. ²Company-reported. U.S. Disclaimers page as read on 2026-09-23.	Cowbell and Zurich both say the Select Plus modules, including fiduciary liability, are written on Zurich admitted paper. Zurich's site footer names 'Zurich American Insurance Company' in its copyright notice, but neither page states that entity is the specific policy issuer for this module. ^3,⁴Company-reported. Management liability page intro; Zurich page intro and footer.