---
title: "Embroker vs Lockton: Fiduciary Liability Insurance"
description: "Embroker lists plan-funding failure as an exclusion and annual premiums of $500–$2,500; Lockton describes typical cover for administration errors and stated HIPAA, PPA and ACA fines."
canonical: "https://spot.insure/compare/embroker-vs-lockton/fiduciary"
page-type: "line-comparison"
updated-at: "2026-09-25"
comparison-pair: "embroker-vs-lockton"
provider-a: "embroker"
provider-b: "lockton"
coverage-line: "fiduciary"
---

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

## Agent Guide

**What this page is:** Focused comparison of Embroker and Lockton 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 Embroker versus Lockton. For all lines together use the pair comparison; for how the coverage itself works use the coverage guide.

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

**Key facts:**
- Line: Fiduciary Liability Insurance. Providers: Embroker and Lockton.
- 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:**
- [Embroker vs Lockton](https://spot.insure/compare/embroker-vs-lockton) — all coverage lines for this pair
- [Fiduciary Liability Insurance guide](https://spot.insure/coverage/fiduciary) — how this coverage works
- [Embroker profile](https://spot.insure/insurance-providers/embroker) — provider profile
- [Lockton profile](https://spot.insure/insurance-providers/lockton) — provider profile

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

Embroker offers an online application and publishes fiduciary limits and exclusions; Lockton brokers policies that can cover organizations, plans, and administrators, with a specialist professional-risk claims team.

Embroker excludes failure to fund a plan under ERISA and reports typical premiums of $500–$2,500 per year; Lockton describes benefit-law and administration coverage, sometimes including stated statutory fines.

## Embroker vs Lockton Fiduciary Liability Insurance Summary

Embroker lists plan-funding failure as an exclusion and annual premiums of $500–$2,500; Lockton describes typical cover for administration errors and stated HIPAA, PPA and ACA fines. [1](https://www.embroker.com/coverage/fiduciary-liability-insurance/ "Fiduciary Liability Insurance: What Is It & How It Works") [2](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance")

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

### What Each Says a Policy Does

Embroker lists coverage for errors in benefit-plan administration and imprudent investment or service-provider selection, plus automatic cover for most newly created or acquired plans. Lockton describes typical coverage for benefit-law breaches, administration errors, voluntary compliance loss and certain HIPAA, Pension Protection Act and ACA fines when explicitly included. [1](https://www.embroker.com/coverage/fiduciary-liability-insurance/ "Fiduciary Liability Insurance: What Is It & How It Works") [2](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance")

### Funding and Crime

Embroker’s exclusions include embezzlement and other crime, outside advisors, and failure to fund a plan in accordance with ERISA. Lockton’s reviewed page does not publish that exclusion list; it instead explains who a typical policy can insure, including plans, committees, trustees, and past employees retained as fiduciaries. [1](https://www.embroker.com/coverage/fiduciary-liability-insurance/ "Fiduciary Liability Insurance: What Is It & How It Works") [2](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance")

### Channel and Claims Desk

Embroker quotes online and commonly bundles with D&O and EPL. Lockton is the broker, not the insurer, and describes a Professional & Executive Risk Claims team meant to have strategy in place before a fiduciary claim. Embroker’s fiduciary page does not describe a dedicated claims unit. [1](https://www.embroker.com/coverage/fiduciary-liability-insurance/ "Fiduciary Liability Insurance: What Is It & How It Works") [2](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance")

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

- Ask Lockton whether voluntary compliance and named statutory fines are on the form, and whether Embroker’s quote includes anything similar. [2](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") [1](https://www.embroker.com/coverage/fiduciary-liability-insurance/ "Fiduciary Liability Insurance: What Is It & How It Works")
- Compare ERISA funding language: Embroker lists funding failure as excluded. [1](https://www.embroker.com/coverage/fiduciary-liability-insurance/ "Fiduciary Liability Insurance: What Is It & How It Works")
- Check insured schedules against Lockton’s listed classes of insureds. [2](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance")
- Request limits: Embroker mentions up to $20 million; Lockton’s page does not publish amounts. [1](https://www.embroker.com/coverage/fiduciary-liability-insurance/ "Fiduciary Liability Insurance: What Is It & How It Works") [2](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance")

## Embroker vs Lockton Fiduciary Liability Insurance Compared

| Criteria | Embroker Fiduciary Liability Insurance | Lockton Fiduciary Liability Insurance Brokerage |
| --- | --- | --- |
| 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. [1](https://www.embroker.com/coverage/fiduciary-liability-insurance/ "Fiduciary Liability Insurance: What Is It & How It Works") (Evidence: Company-reported; scope: Product-page eligibility description; not a guarantee of coverage for a particular business..) | Lockton says coverage under a fiduciary liability policy it places typically extends to the organization, the benefit plans, employees, subsidiaries as defined in the policy, spouses/domestic partners, estates/heirs, past employees retained as fiduciaries or consultants, and committees and trustees. [2](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") (Evidence: Company-reported; scope: Fiduciary liability product page as read 2026-09-23..) |
| 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. [1](https://www.embroker.com/coverage/fiduciary-liability-insurance/ "Fiduciary Liability Insurance: What Is It & How It Works") (Evidence: Company-reported; scope: Product-page What's covered section; the issued policy and declarations control..)<br><br>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. [1](https://www.embroker.com/coverage/fiduciary-liability-insurance/ "Fiduciary Liability Insurance: What Is It & How It Works") (Evidence: Company-reported; scope: Product-page What's not included section..) | Lockton says a typical fiduciary liability policy it places covers breaches of benefit laws, errors and omissions in plan administration, voluntary compliance loss, and, when explicitly stated, certain fines and penalties such as under HIPAA, the Pension Protection Act and the ACA. It also notes fiduciary liability is distinct from an ERISA bond, which is legally required and insures plan assets against theft under a crime/fidelity policy, whereas fiduciary liability is not legally required but covers governance and decision-making risk. [2](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") (Evidence: Company-reported; scope: Fiduciary liability product page as read 2026-09-23. General policy-structure description, not a specimen form..) |
| 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. [1](https://www.embroker.com/coverage/fiduciary-liability-insurance/ "Fiduciary Liability Insurance: What Is It & How It Works") (Evidence: Company-reported; scope: Product-page description; not a statement about the issuing insurer..) | Lockton places fiduciary liability insurance to protect companies and the individuals who manage their employee benefit plans against claims of mismanagement; Lockton is the broker, not the insurer. [2](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") (Evidence: Company-reported; scope: Fiduciary liability product page as read 2026-09-23..) |

## About Embroker and Lockton and Fiduciary Liability Insurance

- [Embroker company profile](https://spot.insure/insurance-providers/embroker) · [Embroker customer reviews](https://spot.insure/insurance-providers/embroker/reviews)
- [Lockton company profile](https://spot.insure/insurance-providers/lockton) · [Lockton customer reviews](https://spot.insure/insurance-providers/lockton/reviews)
- [What Is Fiduciary Liability Insurance?](https://spot.insure/coverage/fiduciary)

## Related Pages for Embroker vs Lockton Fiduciary Liability Insurance

- [Embroker vs Lockton](https://spot.insure/compare/embroker-vs-lockton): 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.
- [Embroker Fiduciary Liability Insurance](https://spot.insure/insurance-providers/embroker/fiduciary)
- [Lockton Fiduciary Liability Insurance](https://spot.insure/insurance-providers/lockton/fiduciary)

## Sources for Embroker vs Lockton Fiduciary Liability Insurance

### Sources About Embroker

1. [Fiduciary Liability Insurance: What Is It & How It Works](https://www.embroker.com/coverage/fiduciary-liability-insurance/). Embroker; Why it's essential; Who needs this coverage; What is Fiduciary Liability insurance?; What's covered; What's not included; Are there additional coverages available with Fiduciary Liability insurance?; What does Fiduciary Liability cost?. Accessed 2026-09-23.

### Sources About Lockton

2. [Fiduciary Liability Insurance](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance). Lockton; What is fiduciary liability insurance?; Typical coverage on a fiduciary liability policy; Who can be covered under a fiduciary liability policy?; How does fiduciary liability insurance complement similar lines of coverage; Claims management. 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/embroker-vs-lockton/fiduciary.md)
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