Embroker vs Gallagher Fiduciary Liability Insurance

Embroker sells fiduciary liability as a standalone policy and says it is most commonly bundled with directors and officers and employment practices liability coverage. ⁴Company-reported. Product-page description; not a statement about the issuing insurer.

Gallagher's Executive and Financial Risk practice places fiduciary liability coverage with outside carriers and advises on limits; it does not underwrite the policy. ⁷Company-reported. Group-level executive-and-financial-risk practice page.

Not described in the reviewed sources.

The executive-and-financial-risk page does not name the insurer that would issue a given client's fiduciary liability policy. ⁷Not publicly disclosed. Checked the group-level executive-and-financial-risk practice page.

Embroker targets companies that provide medical, dental, vision or other benefits, or that offer retirement plans or stock options, and says very small businesses without benefit plans generally don't need the coverage. ⁴Company-reported. Product-page eligibility description; not a guarantee of coverage for a particular business.

Gallagher targets this coverage at corporations sponsoring retirement or welfare benefit plans, since the described exposure is tied specifically to ERISA fiduciary duties. ⁷Company-reported. Group-level executive-and-financial-risk practice page.

Embroker lists coverage for errors and omissions in administering benefit plans and imprudent selection of investments or third-party service providers, and says most newly created or acquired plans get automatic coverage. ⁴Company-reported. Product-page What's covered section; the issued policy and declarations control.

Embroker says the policy excludes criminal activity such as embezzlement, outside advisors or administrators hired to manage the benefit plans, and failure to fund a plan in accordance with ERISA. ⁴Company-reported. Product-page What's not included section.

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. ⁷Company-reported. Group-level executive-and-financial-risk practice page; a service description, not a specific policy's insuring agreement or exclusions.

Embroker says fiduciary liability premiums typically range from $500 to $2,500 per year and that policies can cover as much as $20 million, driven mainly by total plan assets under management, the policy limit and the quality of service providers. ⁴Company-reported. Product-page 'What does Fiduciary Liability cost?' section; actual pricing and limits depend on underwriting.

The page does not publish specific fiduciary liability limits or premium ranges beyond describing its proprietary limit-selection models. ⁷Not publicly disclosed. Checked the group-level executive-and-financial-risk practice page.

The reviewed fiduciary liability page does not describe dedicated risk-control or plan-administration review services beyond general references to the Embroker Resource Hub and chat support. ⁴Not found in reviewed sources. Product page as read on 2026-09-23.

Gallagher says it has proprietary models to measure fiduciary risk and assist clients in selecting coverage limits. ⁷Company-reported. Group-level executive-and-financial-risk practice page.

Embroker offers an online quote for fiduciary liability through its digital platform. ⁴Company-reported. Product-page 'Quick quotes' feature description; no quote was requested during this research.

Not described in the reviewed sources.