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

Cowbell's fiduciary module, underwritten by Zurich for private companies under 250 employees and $50M in assets, is sold only through Zurich-appointed wholesale brokers; Gallagher places fiduciary with outside carriers for corporations sponsoring benefit plans.

Cowbell limits Select Plus fiduciary to private firms under 250 employees and $50 million in assets; Gallagher places it for plan sponsors and uses proprietary models to advise on limits. ^1,^2,³

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

Platform Module Versus Advisory Placement

Cowbell distributes fiduciary as one module in Zurich Select Plus. Gallagher’s Executive and Financial Risk practice places the line with outside insurers and uses proprietary models to help buyers select limits. ¹ ² ³

SME Caps Versus Corporate Plan Sponsors

Cowbell targets private companies under 250 employees and $50 million in assets; Gallagher addresses corporations sponsoring retirement or welfare plans and publishes no comparable company-size cap. This makes company size an early Cowbell screen, while Gallagher’s public materials make plan sponsorship the relevant starting point. ¹ ³

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

Confirm wholesaler access for Cowbell versus Gallagher’s practice placement. ¹ ³
Check Cowbell’s 250-employee and $50 million asset caps; Gallagher’s page does not publish those caps. ¹ ³
Ask Gallagher what limit its models would recommend and which carrier would write it. ³
Ask whether Gallagher’s placement covers plan-design personnel; Cowbell’s public description is benefit-plan duty breaches. ³ ¹

Cowbell vs Gallagher Fiduciary Liability Insurance Compared

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

Criteria	Cowbell / Zurich Select Plus Fiduciary Liability	Gallagher Fiduciary Liability Insurance
Who It’s For	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. ¹Company-reported. FAQ 'What size accounts are targeted?' and Target industries list.	Gallagher targets this coverage at corporations sponsoring retirement or welfare benefit plans, since the described exposure is tied specifically to ERISA fiduciary duties. ³Company-reported. Group-level executive-and-financial-risk practice page.
Coverage Features	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. ¹Company-reported. FAQ 'What is the difference between management liability and D&O?'.	Gallagher describes fiduciary liability as protecting a corporation's Employee Retirement Income Security Act (ERISA) fiduciaries, fiduciary committees and personnel who design or implement 401(k) or pension plans for employees and retirees. ³Company-reported. Group-level executive-and-financial-risk practice page; a service description, not a specific policy's insuring agreement or exclusions.
Role in This Line	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. ^1,²Company-reported. Management liability page intro and module list; Zurich page module-name section.	Gallagher's Executive and Financial Risk practice places fiduciary liability coverage with outside carriers and advises on limits; it does not underwrite the policy. ³Company-reported. Group-level executive-and-financial-risk practice page.