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

Cowbell distributes Zurich-underwritten fiduciary coverage to eligible private companies only through insurance brokers appointed by Zurich; Heffernan Insurance Brokers serves business clients and family offices through executive-protection coverage.

Cowbell’s module is limited to private companies under 250 employees and $50 million in assets and is sold through appointed wholesalers; Heffernan also serves family offices and financial institutions. ^1,^2,^3,⁴

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

Who Carries the Risk

Cowbell access runs through appointed Zurich wholesalers using its platform API. Heffernan places fiduciary through corporate brokerage and family-office practices, which serve businesses as well as family offices, trusts and financial institutions. ¹ ³ ⁴

Who the Product Is Built For

Cowbell aims the module at private companies with fewer than 250 employees and under $50 million in assets, in industries such as manufacturing and technology. Heffernan lists the line for ordinary business clients and, separately, for family offices, trust companies, trustees, advisors, private equity firms, foundations, and other financial institutions. ¹ ³ ⁴

How You Reach Coverage

You cannot buy the Cowbell module as a business; appointed Zurich E&S wholesalers access it through Cowbell’s API. Heffernan’s family-office fiduciary placement goes through a named Private Client Group specialist, while its general business listing routes through a contact form. ¹ ⁴

What the Reviewed Pages Describe as Coverage

Cowbell defines the module as protection against claims from breaches of fiduciary duty on employee benefit plans such as a 401(k) or health plan. Heffernan’s family-office page lists fiduciary liability beside D&O, professional liability, EPL, and trustee liability, without describing insuring agreements or exclusions. ¹ ⁴

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

Ask which Zurich entity would issue a Cowbell Select Plus fiduciary module, and which insurer Heffernan would place for your segment. ² ³
Confirm whether Heffernan is quoting through its business-insurance desk or its family-office practice, since the two use different intake paths. ⁴
Get limits and retentions in writing; neither Cowbell’s nor Heffernan’s reviewed pages publish them. ¹ ³
Ask Heffernan what a Risk Management Assessment would cover for your plans, and whether Cowbell’s placement includes any plan-review service (its reviewed pages do not describe one). ⁴ ²

Cowbell vs Heffernan Insurance Brokers Fiduciary Liability Compared

Cowbell vs Heffernan Insurance Brokers: Fiduciary Liability Insurance: documented features by provider

Criteria	Cowbell / Zurich Select Plus Fiduciary Liability	Heffernan 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.	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. ^3,⁴Company-reported. Direct practice-page listings; no minimum size or asset-under-management threshold was published for the coverage specifically.
How to Apply	This fiduciary module is accessed only by appointed Zurich E&S wholesalers through the Cowbell platform's API; it is not sold directly to businesses. ¹Company-reported. FAQ 'How can I access the Zurich Select Plus management liability product through Cowbell?'.	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. ⁴Company-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.
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?'.	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. ⁴Company-reported. Family Office page as read on 2026-09-23.
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.	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. ^3,⁴Company-reported. Business Insurance and Family Office page listings; no dedicated fiduciary-liability product page was found.