Coverdash vs Heffernan Insurance Brokers Fiduciary Liability Insurance

Coverdash arranges fiduciary liability quotes from its panel of insurers rather than underwriting the policy itself; you request a quote on its fiduciary page and it places coverage on your behalf. ⁴Company-reported. Coverdash's fiduciary liability product page, read together with the provider record's brokerage role. Does not identify which insurer would actually issue a given quote.

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. ^7,8Company-reported. Business Insurance and Family Office page listings; no dedicated fiduciary-liability product page was found.

The fiduciary liability page does not name an issuing insurer for the policy. Coverdash markets a panel of carriers generally, but not which one underwrites a particular fiduciary quote. ⁴Not publicly disclosed. Checked the fiduciary liability product page on 2026-09-23; no insurer is disclosed there.

The reviewed pages do not name the insurer or insurers that issue fiduciary liability policies Heffernan places for either business clients or family offices. ^7,8Not publicly disclosed. Business Insurance and Family Office pages as read on 2026-09-23.

Coverdash markets fiduciary liability to anyone who manages or advises an employee benefit plan, such as a 401(k), health plan or pension, saying that role carries personal fiduciary liability under ERISA. ⁴Company-reported. Who it's for section and FAQ answer to 'Who is considered a fiduciary?'.

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. ^7,8Company-reported. Direct practice-page listings; no minimum size or asset-under-management threshold was published for the coverage specifically.

Coverdash describes the fiduciary policy as covering claims of breach of duty to plan participants, plan administration errors such as enrollment or advising mistakes, and claims over poor selection or monitoring of plan investment options, plus legal defense costs. ⁴Company-reported. Types of Coverage cards on the product page; exclusions and defense-cost structure are not described and would appear on the issued policy.

Coverdash distinguishes fiduciary liability from an ERISA fidelity bond: the bond protects the plan itself from theft and is legally required, while fiduciary liability protects the individual fiduciaries from lawsuits and is optional, though recommended. ⁴Company-reported. FAQ answer to 'Isn't this the same as an ERISA bond?'.

Coverdash says fiduciary liability is often packaged with D&O and EPLI in a management liability policy, but is also available standalone. ⁴Company-reported. FAQ answer to 'Is it included in management liability?'.

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. ⁸Company-reported. Family Office page as read on 2026-09-23.

The fiduciary liability page does not publish limit, retention or deductible amounts for the policy. ⁴Not publicly disclosed. Checked the fiduciary liability product page on 2026-09-23; limits and retentions are not shown there and would appear on a quote.

Neither page publishes a fiduciary-liability limit, retention, or premium range. ^7,8Not found in reviewed sources. Business Insurance and Family Office pages as read on 2026-09-23.

Not described in the reviewed sources.

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. ⁸Company-reported. Family Office page as read on 2026-09-23; a company-described service, not a measured outcome.

Not described in the reviewed sources.

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. ⁸Company-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.