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

Embroker sells standalone fiduciary coverage online with limits up to $20 million; Marsh places coverage for retirement-plan sponsors and describes typical protection for defense costs, damages, judgments, and settlements.

Embroker offers online fiduciary quotes with premiums typically $500–$2,500 and limits up to $20 million; Marsh FINPRO places the line and says typical cover does not guarantee plan benefits due. ^1,²

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

Direct Quote Versus FINPRO Placement

Embroker sells fiduciary as a standalone policy, commonly bundled with D&O and EPL, through an online quote. Marsh’s FINPRO practice places the line for plan sponsors and fiduciaries and advises on limits and carrier selection. ¹ ² ³

What a Typical Policy Is Said to Pay

Embroker lists cover for errors administering benefit plans, imprudent selection of investments or third-party providers, and automatic cover for most newly created or acquired plans. Marsh says a typical policy covers defense costs, damages, judgments, and settlements from a fiduciary’s breach of duty or from negligence, errors, or omissions in administering a plan, and that it does not cover contractual liability, so it cannot guarantee a plan’s obligation to pay benefits due. ¹ ²

Published Limit Figures Versus Limit Assessment

Embroker says typical premiums are $500 to $2,500 a year and that policies can cover as much as $20 million, driven by plan assets, limit, and service-provider quality. Marsh’s reviewed pages do not publish premium or limit amounts; FINPRO’s described work includes limit assessment as part of building a program. ¹ ²

Services Around the Placement

Marsh says FINPRO helps identify red flags in fiduciary controls and provides claims advocacy from the outset. Embroker’s reviewed fiduciary page does not describe dedicated risk-control or plan-administration review beyond a resource hub and chat. ² ¹

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

Ask whether the form covers a failure to pay benefits as a contractual matter; Marsh’s FAQ says typical policies do not. ²
Compare Embroker’s quoted limit with Marsh’s limit-assessment output. ¹ ²
Check Embroker’s listed exclusions (crime, outside advisors, ERISA funding failure) against Marsh’s specimen. ¹
Confirm who is insured: Marsh names the sponsor, plans, and employee-fiduciaries; Embroker’s eligibility is companies with benefits or retirement plans. ² ¹

Embroker vs Marsh Fiduciary Liability Insurance Compared

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

Criteria	Embroker Fiduciary Liability Insurance	Marsh 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.	Marsh says a fiduciary liability policy typically insures the sponsor organization, the benefit plans it operates, and plan fiduciaries who are directors, officers or employees of the plan sponsor. ²Company-reported. Fiduciary liability page, Who is covered? FAQ.
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.	Marsh says a fiduciary liability policy typically covers defense costs, damages, judgments and settlements from a fiduciary's breach of duty or from negligence, errors or omissions in administering a benefit plan, but does not cover contractual liability, so it cannot guarantee a plan's obligation to pay benefits due. ²Company-reported. Fiduciary liability page FAQs; illustrative policy description, not a specific policy 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. ¹Company-reported. Product-page description; not a statement about the issuing insurer.	Marsh's FINPRO (financial and professional) practice places fiduciary liability insurance for retirement plan sponsors and fiduciaries; MMA also lists fiduciary coverage within its executive and professional liability practice. ^2,³Company-reported. Marsh fiduciary liability page and MMA executive and professional liability page.

Criteria

Embroker Fiduciary Liability Insurance

Marsh 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.

Marsh says a fiduciary liability policy typically insures the sponsor organization, the benefit plans it operates, and plan fiduciaries who are directors, officers or employees of the plan sponsor. ²Company-reported. Fiduciary liability page, Who is covered? FAQ.

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.

Marsh says a fiduciary liability policy typically covers defense costs, damages, judgments and settlements from a fiduciary's breach of duty or from negligence, errors or omissions in administering a benefit plan, but does not cover contractual liability, so it cannot guarantee a plan's obligation to pay benefits due. ²Company-reported. Fiduciary liability page FAQs; illustrative policy description, not a specific policy 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. ¹Company-reported. Product-page description; not a statement about the issuing insurer.

Marsh's FINPRO (financial and professional) practice places fiduciary liability insurance for retirement plan sponsors and fiduciaries; MMA also lists fiduciary coverage within its executive and professional liability practice. ^2,³Company-reported. Marsh fiduciary liability page and MMA executive and professional liability page.