Coverdash vs Travelers 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.

Travelers underwrites fiduciary liability insurance as part of its Management & Professional Liability line, sold standalone or alongside other management liability coverages. ⁸Company-reported. Product page general framing; confirmed against the broader Management and Professional Liability Insurance 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 product page's video disclosure names Travelers Casualty and Surety Company of America and its property casualty affiliates; the specific issuing entity for a given policy can vary. ⁸Company-reported. Product page video legal footer.

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?'.

Travelers markets fiduciary liability coverage to financial institutions, nonprofit organizations, private companies and public companies. ⁸Company-reported. Product page "Who is fiduciary liability insurance right for?" section.

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?'.

Travelers says fiduciary liability coverage protects companies and individuals who manage a company-sponsored retirement or health plan from claims of mismanagement and personal liability for breach of fiduciary duty under ERISA, including litigation costs and errors or omissions in plan administration. ⁸Company-reported. Product page "What Is Fiduciary Liability Insurance?" and "What does fiduciary liability insurance cover?" sections; exact terms and exclusions are set by the issued policy.

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.

The reviewed page does not publish fiduciary liability limits, retentions or premiums; it cites industry claim examples (settlements and defense costs from roughly $1 million to $14 million, and an average ERISA case cost topping $1.2 million) as general risk context, not as policy terms. ⁸Not found in reviewed sources. Product page video claim scenarios and cost statistics as read on 2026-09-23.

Not described in the reviewed sources.

Fiduciary liability coverage is bought through a Travelers independent agent. ⁸Company-reported. Product page "Find an insurance agent" call to action.