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

Coalition distributes fiduciary as one of four Executive Risks coverages through appointed brokers only; Lockton brokers fiduciary policies that can cover the organization, benefit plan, and plan managers.

Coalition limits Executive Risks to eligible U.S. private and nonprofit organizations; Lockton describes typical policy cover for benefit-law breaches and voluntary compliance loss and integrates claims counsel. ^1,³

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

Program Paper Versus a Brokered Market

Coalition sells fiduciary in Executive Risks through appointed brokers. Lockton places fiduciary policies and describes typical coverage for benefit-law breaches, plan-administration errors and voluntary-compliance loss; its reviewed page does not name the insurers it uses. ¹ ² ³

What the Coverage Description Includes

Coalition describes coverage for claims of mismanagement of employee benefits and pension plans. Lockton describes a typical placed policy as covering breaches of benefit laws, plan-administration errors, voluntary compliance loss, and, when stated, certain HIPAA, Pension Protection Act and ACA fines, and it distinguishes that policy from a legally required ERISA bond. Fine-and-penalty cover is a Lockton specimen question; Coalition’s public mismanagement sentence does not list those statutes. ¹ ³

Who Can Buy the Program

Coalition’s eligibility is private and not-for-profit U.S. organizations up to 1,000 employees and $500 million in assets and plan assets. Lockton’s reviewed page does not publish headcount or asset caps for fiduciary placements. If you sit above Coalition’s gates, Lockton can still shop other markets; if you sit inside them, Coalition is a defined program rather than an open brokerage search. ¹ ³

Advertised Limits

Coalition says limits up to $10 million per coverage line may be available, subject to exclusions and limitations. Lockton’s reviewed fiduciary page does not publish a limit, retention or premium range. You can test a Coalition quote against that $10 million figure; a Lockton quote’s capacity is whatever market it returns. ¹ ³

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

Ask Lockton whether Coalition is a market inside your size caps. ³ ¹
Confirm whether HIPAA and ACA fines Lockton describes are stated on a Coalition specimen. ³ ¹
Compare Coalition’s $10 million per-line figure with Lockton’s proposed limit. ¹ ³
Ask how Lockton’s claims team would work if Coalition’s Zurich or surplus paper is used. ³ ²

Coalition vs Lockton Fiduciary Liability Insurance Compared

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

Criteria	Coalition Executive Risks — Fiduciary Liability	Lockton Fiduciary Liability Insurance Brokerage
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.	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. ³Company-reported. Fiduciary liability product page as read 2026-09-23.
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.	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. ³Company-reported. Fiduciary liability product page as read 2026-09-23. General policy-structure description, not a specimen form.
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.	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. ³Company-reported. Fiduciary liability product page as read 2026-09-23.