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

Cowbell distributes Zurich-underwritten fiduciary coverage for qualifying private companies only through insurance brokers appointed by Zurich; Relm Insurance brokers the line for companies managing pensions, health insurance, or other employee benefits.

Cowbell’s Zurich Select Plus module is limited to private companies under 250 employees and $50 million in assets; Relm targets startups and growth-stage firms adding pension or health benefits early. ^1,^2,³

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

How Each Sits in the Market

Cowbell’s fiduciary module is distributed through Zurich Select Plus; Relm markets fiduciary for brokers to place with companies managing employee benefit plans. Neither provider describes a direct consumer checkout for the line. ¹ ² ³

Who They Say Should Buy It

Cowbell’s appetite is private companies under 250 employees and $50 million in assets, including manufacturing and technology. Relm targets companies that manage pensions or health insurance and specifically calls out startups and growth-stage companies that introduce benefits early to attract talent. ¹ ³

Insured Roles Versus a One-Line Definition

Cowbell describes claims from breaches of fiduciary duties on plans such as a 401(k) or health plan. Relm says the cover protects plan sponsors, trustees, administrators, investment committees, and directors and officers with discretionary authority under ERISA, including legal fees, settlements, and judgments. ¹ ³

Services Around the Form

Neither Cowbell’s nor Relm’s reviewed fiduciary pages describe dedicated plan-administration review. Cowbell and Zurich mention Zurich Claims service for Select Plus generally; Relm’s page stays at a coverage description. ² ³

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

Ask who issues the policy: Cowbell’s pages say Zurich admitted paper; Relm’s page leaves the insurer to the placement. ² ³
Check whether a startup with early benefits still fits Cowbell’s employee and asset caps, or whether Relm’s broker is placing a different market. ¹ ³
Confirm which roles are named insureds on Relm’s form versus Cowbell’s module declarations. ³ ¹
Get limits; both reviewed sources leave amounts unpublished. ¹ ³

Cowbell vs Relm Insurance Fiduciary Liability Insurance Compared

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

Criteria	Cowbell / Zurich Select Plus Fiduciary Liability	Relm 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.	Relm targets companies that manage employee benefit plans such as pensions or health insurance, specifically calling out startups and growth-stage companies that introduce benefits early to attract talent. ³Company-reported. Financial Lines page framing; not a guarantee of eligibility for a particular company.
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?'.	Relm sells fiduciary liability coverage through insurance brokers; its reviewed pages do not describe a direct online quote. ³Company-reported. Financial Lines page framing; consistent with Relm's broader broker-distribution model.
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?'.	Relm says fiduciary liability protects plan sponsors, trustees, administrators, investment committees, and directors and officers with 'discretionary authority' under ERISA, covering legal fees, settlement and judgment costs tied to employee benefit plans. ³Company-reported. Financial Lines page general description; the issued policy and declarations control.
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.	Relm markets fiduciary liability as a coverage brokers can place for clients that manage employee benefit plans. ³Company-reported. Relm line-of-business page (Relm sells through brokers); not a statement identifying the issuing insurer for a given placement.