Founder Shield vs 
HUB International: How Do They Compare for Fiduciary Liability Insurance?
Founder Shield brokers fiduciary coverage for 401(k) sponsors and individual plan fiduciaries; HUB International focuses on employers offering health-care or retirement plans and lists administrator-related claim scenarios.
Founder Shield uses fiduciary carriers rated A- or better by AM Best for plan sponsors; HUB targets employers with health or retirement plans and names participant, DOL and PBGC claims. 3,1,4
What Are the Key Differences Between Founder Shield and HUB International Fiduciary Liability Insurance?
Shared Point: Not D&O
Founder Shield says its coverage responds to ERISA plan-administration duty claims, not general management or bodily-injury claims. HUB also states fiduciary exposure is not covered by D&O, so a D&O policy alone will not address these plan-related claims. 1 4
Carrier Standard Versus Unnamed Placement
Founder Shield says it places only with A- or better AM Best carriers matched by industry. HUB’s product page does not name an insurer and leaves the carrier to the placement. Both are brokers, not issuers. 3 2 4
Claim Lists
Founder Shield names risky investments, poor advice, benefits processing errors, and improper denial or change of benefits. HUB’s list also includes a plan’s insurer, mutual fund, or administrator making bad choices, conflicts of interest, insufficient funding, and incorrect plan termination, and it names possible claimants including the Department of Labor and the PBGC. 1 4
How You Reach a Person
Founder Shield takes website or advisor requests, then approaches markets. HUB uses “Connect With a Broker” and publishes a prevention video without describing a formal plan-review service. 2 3 4
What Should You Confirm in Founder Shield and HUB International Fiduciary Liability Insurance Quotes?
- Ask both brokers to confirm fiduciary is not folded into D&O, matching their published distinctions. 1 4
- Get HUB’s proposed issuer and Founder Shield’s A-rated market name. 4 3
- Check whether DOL or PBGC actions are treated as covered claims on the form, as HUB’s audience description suggests. 4
- Treat HUB’s $1 million figure as a claim-cost example, not a limit. 4
Founder Shield vs HUB International Fiduciary Liability Compared
Founder Shield vs HUB International: Fiduciary Liability Insurance: documented features by provider
| Criteria | Founder Shield Fiduciary Liability Insurance | HUB International Fiduciary Liability Insurance Brokerage |
|---|---|---|
| Who It’s For | Founder Shield markets fiduciary liability to plan sponsors offering a 401(k) or similar plan and to the individual fiduciaries who handle plan funds or property. 1Company-reported. Fiduciary Liability product page. | HUB targets fiduciary liability brokerage at employers offering health-care or retirement benefit plans who face potential litigation from plan participants, the Department of Labor or the Pension Benefit Guaranty Corporation. 4Company-reported. Product-page target-audience description; not a published underwriting appetite. |
| How to Apply | You request Founder Shield Fiduciary Liability Insurance through Founder Shield's website or an insurance advisor rather than binding coverage directly; Founder Shield says its placement team then approaches carriers on the client's behalf. 2,3Company-reported. About-us and carrier-selection pages describe the general placement process, not a line-specific application form. | HUB directs fiduciary liability prospects to "Connect With a Broker" or "Contact a HUB broker" rather than an online quote or bind flow. 4Company-reported. Product-page calls to action. |
| Coverage Features | Founder Shield lists claims of risky plan investments, poor investment advice, administrative errors in benefits processing, and improper denial or change of benefits as scenarios fiduciary liability responds to. 1Company-reported. Product page; the issued policy and declarations control actual coverage. Founder Shield distinguishes fiduciary liability from D&O and general liability: it responds to breach-of-fiduciary-duty claims tied to ERISA plan administration, not general management or bodily-injury claims. 1Company-reported. Fiduciary Liability product page. | HUB lists fiduciary liability claim scenarios it covers as including a plan's insurer, mutual fund or third-party administrator making bad choices, plan administration errors or conflicts of interest, benefits denial, changes or reductions, bad advice or improper counsel, insufficient plan funding, poor investment selection and incorrect plan termination. 4Company-reported. Product-page list of covered claim scenarios; the issued policy's insuring agreement and exclusions control an actual claim. HUB states that fiduciary liability exposure "is not covered by director's and officers' liability policies," positioning fiduciary liability as a separate line from D&O rather than a bundled coverage. 4Company-reported. Product-page statement distinguishing fiduciary liability from D&O. |
| Role in This Line | Founder Shield is a retail insurance brokerage, described on its site as “the innovation arm of The Baldwin Group,” and places Founder Shield Fiduciary Liability Insurance with third-party carriers rather than underwriting the policy itself. 2Company-reported. About-us page; applies to Founder Shield's brokerage model generally, restated here for this line. | HUB brokers fiduciary liability insurance for employers that sponsor health-care and retirement benefit plans, rather than underwriting the coverage itself. 4Company-reported. Fiduciary liability product page, read 2026-09-23. The page does not name an issuing insurer. |
