Coverdash vs Marsh 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.

Marsh's FINPRO (financial and professional) practice places fiduciary liability insurance for retirement plan sponsors and fiduciaries; MMA also lists fiduciary coverage within its executive and professional liability practice. ^9,10Company-reported. Marsh fiduciary liability page and MMA executive and professional liability page.

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 a specific fiduciary liability insurer. Marsh describes its own role as advising on limit assessment and carrier selection, implying the issuing insurer depends on the placement. ⁹Not publicly disclosed. Fiduciary liability page 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?'.

Marsh says a fiduciary liability policy typically insures the sponsor organization, the benefit plans it operates, and plan fiduciaries who are directors, officers or employees of the plan sponsor. ⁹Company-reported. Fiduciary liability page, Who is covered? FAQ.

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?'.

Marsh says a fiduciary liability policy typically covers defense costs, damages, judgments and settlements from a fiduciary's breach of duty or from negligence, errors or omissions in administering a benefit plan, but does not cover contractual liability, so it cannot guarantee a plan's obligation to pay benefits due. ⁹Company-reported. Fiduciary liability page FAQs; illustrative policy description, not a specific policy form.

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.

Not described in the reviewed sources.

Not described in the reviewed sources.

Marsh says its FINPRO practice helps clients identify red flags in fiduciary controls, builds fiduciary liability programs from limit assessment to carrier selection, and provides claims advocacy to help resolve claims from the outset. ⁹Company-reported. Fiduciary liability page, Why Marsh section.

Not described in the reviewed sources.

Marsh describes its claims advocates as helping clients resolve fiduciary liability claims from the onset, without publishing outcome statistics for this line. ⁹Company-reported. Fiduciary liability page, Why Marsh section.