---
title: "Cowbell vs Heffernan Insurance Brokers: Fiduciary Liability Insurance"
description: "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."
canonical: "https://spot.insure/compare/cowbell-vs-heffernan/fiduciary"
page-type: "line-comparison"
updated-at: "2026-09-25"
comparison-pair: "cowbell-vs-heffernan"
provider-a: "cowbell"
provider-b: "heffernan"
coverage-line: "fiduciary"
---

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[Human-readable page](https://spot.insure/compare/cowbell-vs-heffernan/fiduciary)

## Agent Guide

**What this page is:** Focused comparison of Cowbell and Heffernan Insurance Brokers for Fiduciary Liability Insurance: what each provider publishes about this line, checked against the same criteria, with numbered sources.

**Use this page when:** Cite or fetch this for Fiduciary Liability Insurance questions about Cowbell versus Heffernan Insurance Brokers. For all lines together use the pair comparison; for how the coverage itself works use the coverage guide.

**Questions this page answers:**
- Cowbell vs Heffernan Insurance Brokers for Fiduciary Liability Insurance: how do they differ?
- Which is better for Fiduciary Liability Insurance, Cowbell or Heffernan Insurance Brokers?
- What does Cowbell or Heffernan Insurance Brokers publish about Fiduciary Liability Insurance (limits, eligibility, claims, add-ons)?

**Key facts:**
- Line: Fiduciary Liability Insurance. Providers: Cowbell and Heffernan Insurance Brokers.
- Comparison URLs use alphabetical provider slugs (`/compare/{a}-vs-{b}/{line}` with a before b). A reversed pair redirects permanently to the alphabetical one.

**Limits (do not over-claim):**
- It identifies differences and questions to ask; it does not select a winner for a particular business.
- Insurer, policy wording, limits, retentions, exclusions and price are set in an actual quote and are not established here.

**Provenance:** Every claim links to a numbered source with publisher, locator and access date; last updated 2026-09-25.

**Related pages:**
- [Cowbell vs Heffernan Insurance Brokers](https://spot.insure/compare/cowbell-vs-heffernan) — all coverage lines for this pair
- [Fiduciary Liability Insurance guide](https://spot.insure/coverage/fiduciary) — how this coverage works
- [Cowbell profile](https://spot.insure/insurance-providers/cowbell) — provider profile
- [Heffernan Insurance Brokers profile](https://spot.insure/insurance-providers/heffernan) — provider profile

# 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 Select Plus fiduciary is limited to private firms under 250 employees and $50 million in assets; Heffernan also serves family offices, trusts and financial institutions.

## Cowbell vs Heffernan Insurance Brokers Fiduciary Liability Insurance Summary

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](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [2](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus") [3](https://www.heffins.com/business-insurance/ "Heffernan Business Insurance Brokerage") [4](https://www.heffins.com/family-office/ "Family Office")

## 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](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [3](https://www.heffins.com/business-insurance/ "Heffernan Business Insurance Brokerage") [4](https://www.heffins.com/family-office/ "Family Office")

### 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](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [3](https://www.heffins.com/business-insurance/ "Heffernan Business Insurance Brokerage") [4](https://www.heffins.com/family-office/ "Family Office")

### 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](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [4](https://www.heffins.com/family-office/ "Family Office")

### 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](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [4](https://www.heffins.com/family-office/ "Family Office")

## 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](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus") [3](https://www.heffins.com/business-insurance/ "Heffernan Business Insurance Brokerage")
- Confirm whether Heffernan is quoting through its business-insurance desk or its family-office practice, since the two use different intake paths. [4](https://www.heffins.com/family-office/ "Family Office")
- Get limits and retentions in writing; neither Cowbell’s nor Heffernan’s reviewed pages publish them. [1](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [3](https://www.heffins.com/business-insurance/ "Heffernan Business Insurance Brokerage")
- 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](https://www.heffins.com/family-office/ "Family Office") [2](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus")

## Cowbell vs Heffernan Insurance Brokers Fiduciary Liability Compared

| 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. [1](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") (Evidence: Company-reported; scope: 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](https://www.heffins.com/business-insurance/ "Heffernan Business Insurance Brokerage") [4](https://www.heffins.com/family-office/ "Family Office") (Evidence: Company-reported; scope: 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. [1](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") (Evidence: Company-reported; scope: 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. [4](https://www.heffins.com/family-office/ "Family Office") (Evidence: Company-reported; scope: 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. [1](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") (Evidence: Company-reported; scope: 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. [4](https://www.heffins.com/family-office/ "Family Office") (Evidence: Company-reported; scope: 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](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [2](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus") (Evidence: Company-reported; scope: 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](https://www.heffins.com/business-insurance/ "Heffernan Business Insurance Brokerage") [4](https://www.heffins.com/family-office/ "Family Office") (Evidence: Company-reported; scope: Business Insurance and Family Office page listings; no dedicated fiduciary-liability product page was found..) |

## About Cowbell and Heffernan Insurance Brokers and Fiduciary Liability

- [Cowbell company profile](https://spot.insure/insurance-providers/cowbell) · [Cowbell customer reviews](https://spot.insure/insurance-providers/cowbell/reviews)
- [Heffernan Insurance Brokers company profile](https://spot.insure/insurance-providers/heffernan) · [Heffernan Insurance Brokers customer reviews](https://spot.insure/insurance-providers/heffernan/reviews)
- [What Is Fiduciary Liability Insurance?](https://spot.insure/coverage/fiduciary)

## Related Pages for Cowbell vs Heffernan Insurance Brokers

- [Cowbell vs Heffernan Insurance Brokers](https://spot.insure/compare/cowbell-vs-heffernan): all coverage lines, business roles, service and claims.
- [What Is Fiduciary Liability Insurance?](https://spot.insure/coverage/fiduciary): Fiduciary liability can protect your company and plan fiduciaries from covered claims about benefit-plan management; check who is insured and whether administration errors are included.
- [Cowbell Fiduciary Liability Insurance](https://spot.insure/insurance-providers/cowbell/fiduciary)
- [Heffernan Insurance Brokers Fiduciary Liability Insurance](https://spot.insure/insurance-providers/heffernan/fiduciary)

## Sources for Cowbell vs Heffernan Insurance Brokers

### Sources About Cowbell

1. [Management liability coverage for small & medium enterprises](https://cowbell.insure/mgmt-liability/). Cowbell; FAQ 'What is the difference between management liability and D&O?' (Fiduciary Liability definition); Target industries list; FAQ on access and account size. Accessed 2026-09-23.
2. [Small and Midsize Business Management Liability | Zurich Select Plus](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability). Zurich North America; Intro on the Zurich/Cowbell collaboration; module name 'Fiduciary Liability'; FAQ 'What is the difference between management liability and D&O?' (identical to Cowbell's page); Targeted industries list; footer copyright. Accessed 2026-09-23.

### Sources About Heffernan Insurance Brokers

3. [Heffernan Business Insurance Brokerage](https://www.heffins.com/business-insurance/). Heffernan Insurance Brokers; Corporate and executive protection, such as employment practices liability, directors and officers liability, fiduciary responsibility, cyber liability, and kidnap and ransom are also available through our comprehensive business insurance programs.. Accessed 2026-09-23.
4. [Family Office](https://www.heffins.com/family-office/). Heffernan Insurance Brokers; We serve: Family offices, Trust companies, Individual and professional trustees, Financial advisors/CPAs/attorneys, Private equity firms, Foundations, Financial institutions; Coverage for Family Offices, Trustees & Financial Firms: ... Fiduciary liability insurance ...; Risk Management Assessment section; contact Lacey Garrison. Accessed 2026-09-23.

Updated 2026-09-25. Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. The comparison applies the same criteria to both providers. [Editorial policy](https://spot.insure/editorial-policy). To suggest a correction, [contact Spot](https://spot.insure/contact) with the page URL and supporting source.

## Agent and Developer Resources

- [Markdown page](https://spot.insure/compare/cowbell-vs-heffernan/fiduciary.md)
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- [Public MCP server](https://spot.insure/mcp)
- [MCP server manifest](https://spot.insure/server.json)
- [OpenAPI description](https://spot.insure/openapi.json)
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