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

Embroker sells a standalone fiduciary policy online with limits up to $20 million; Gallagher brokers coverage with outside carriers for corporations sponsoring retirement or welfare plans and provides risk models.

Embroker offers fiduciary quotes online with annual premiums typically $500–$2,500 and capacity up to $20 million; Gallagher advises on plan limits using proprietary models. ^1,²

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

Digital Policy Sale Versus Limit Modeling

Embroker lets buyers request a fiduciary quote online, standalone or bundled with D&O and EPL. Gallagher places the line with outside carriers and uses proprietary models to advise on limits, without publishing a rate range or cap. ¹ ²

Numbers Versus Models

Embroker says typical premiums are $500 to $2,500 a year and policies can cover as much as $20 million. Gallagher does not publish premium or limit figures; it says it has proprietary models to measure fiduciary risk and help clients select coverage limits. ¹ ²

Who the Cover Is Aimed At

Embroker focuses on companies that offer health or other benefits, retirement plans, or stock options. Gallagher describes protection for a corporation’s ERISA fiduciaries, fiduciary committees, and people who design or implement 401(k) or pension plans for employees and retirees. ¹ ²

Exclusions Embroker Lists

Embroker publishes exclusions for embezzlement and other crime, outside advisors hired to manage plans, and failure to fund a plan in accordance with ERISA. Gallagher’s reviewed practice page does not list policy exclusions. ¹ ²

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

Ask Gallagher what its limit model recommends and compare that number with Embroker’s quoted limit, including the $20 million ceiling Embroker mentions. ² ¹
Confirm whether automatic coverage for new or acquired plans, as Embroker describes, appears on Gallagher’s placed form. ¹ ²
Get the issuing carrier from Gallagher; Embroker’s page also leaves the issuer unnamed. ² ¹
Review Embroker’s listed exclusions against Gallagher’s specimen wording. ¹

Embroker vs Gallagher Fiduciary Liability Insurance Compared

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

Criteria	Embroker Fiduciary Liability Insurance	Gallagher Fiduciary Liability Insurance
Who It’s For	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. ¹Company-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. ²Company-reported. Group-level executive-and-financial-risk practice page.
Coverage Features	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. ¹Company-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. ¹Company-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. ²Company-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	Embroker sells fiduciary liability as a standalone policy and says it is most commonly bundled with directors and officers and employment practices liability coverage. ¹Company-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. ²Company-reported. Group-level executive-and-financial-risk practice page.

Criteria

Embroker Fiduciary Liability Insurance

Gallagher Fiduciary Liability Insurance

Who It’s For

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. ¹Company-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. ²Company-reported. Group-level executive-and-financial-risk practice page.

Coverage Features

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. ¹Company-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. ¹Company-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. ²Company-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

Embroker sells fiduciary liability as a standalone policy and says it is most commonly bundled with directors and officers and employment practices liability coverage. ¹Company-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. ²Company-reported. Group-level executive-and-financial-risk practice page.