---
title: "Gallagher vs Heffernan Insurance Brokers: Fiduciary Liability Insurance"
description: "Gallagher uses proprietary models to advise fiduciary limits for ERISA committees; Heffernan offers a Risk Management Assessment for family offices and serves trusts and financial institutions."
canonical: "https://spot.insure/compare/gallagher-vs-heffernan/fiduciary"
page-type: "line-comparison"
updated-at: "2026-09-25"
comparison-pair: "gallagher-vs-heffernan"
provider-a: "gallagher"
provider-b: "heffernan"
coverage-line: "fiduciary"
---

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

## Agent Guide

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

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

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

# Gallagher vs Heffernan Insurance Brokers: How Do They Compare for Fiduciary Liability Insurance?

Gallagher places fiduciary coverage with outside carriers for corporations sponsoring retirement or welfare plans; Heffernan Insurance Brokers serves both business clients and family offices through executive-protection coverage and risk assessments.

Gallagher’s models help ERISA plan sponsors select limits; Heffernan offers family offices a Risk Management Assessment and also serves trusts and financial institutions.

## Gallagher vs Heffernan Insurance Brokers Fiduciary Liability Insurance Summary

Gallagher uses proprietary models to advise fiduciary limits for ERISA committees; Heffernan offers a Risk Management Assessment for family offices and serves trusts and financial institutions. [1](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [2](https://www.heffins.com/business-insurance/ "Heffernan Business Insurance Brokerage") [3](https://www.heffins.com/family-office/ "Family Office")

## What Are the Key Differences Between Gallagher and Heffernan Insurance Brokers Fiduciary Liability Insurance?

### Limit Models Versus Family-Office Assessment

Gallagher uses proprietary models to measure fiduciary risk and help select limits. Heffernan’s family-office practice offers a Risk Management Assessment that reviews structures, assets and exposures and helps clients navigate claims. [1](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [2](https://www.heffins.com/business-insurance/ "Heffernan Business Insurance Brokerage") [3](https://www.heffins.com/family-office/ "Family Office")

### Corporate ERISA Committees Versus Trusts

Gallagher targets corporations sponsoring retirement or welfare plans and describes protection for ERISA fiduciaries, committees, and people who design or implement 401(k) or pension plans. Heffernan lists general business clients plus family offices, trust companies, trustees, advisors, private equity, foundations, and other financial institutions. [1](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [2](https://www.heffins.com/business-insurance/ "Heffernan Business Insurance Brokerage") [3](https://www.heffins.com/family-office/ "Family Office")

### How Much Policy Detail Is Public

Gallagher’s practice page explains the ERISA exposure but does not list insuring agreements or exclusions. Heffernan’s family-office page names fiduciary beside D&O, professional liability, EPL, and trustee liability without form detail. Neither reviewed source names an issuer or publishes limits. [1](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [3](https://www.heffins.com/family-office/ "Family Office") [2](https://www.heffins.com/business-insurance/ "Heffernan Business Insurance Brokerage")

### Intake

Gallagher’s reviewed page is a group practice description. Heffernan’s family-office fiduciary path uses a named Private Client Group contact; its business listing uses a general contact form. [1](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [3](https://www.heffins.com/family-office/ "Family Office")

## What Should You Confirm in Gallagher and Heffernan Insurance Brokers Fiduciary Liability Insurance Quotes?

- Ask Gallagher for the output of its limit model and Heffernan for the insurer it would place. [1](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [2](https://www.heffins.com/business-insurance/ "Heffernan Business Insurance Brokerage")
- Confirm whether Heffernan is quoting the business desk or the family-office practice. [3](https://www.heffins.com/family-office/ "Family Office")
- Check whether ERISA committees (Gallagher’s focus) or trustees (Heffernan’s family-office list) need to be scheduled. [1](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [3](https://www.heffins.com/family-office/ "Family Office")
- Request retentions; both pages leave amounts unpublished. [1](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [2](https://www.heffins.com/business-insurance/ "Heffernan Business Insurance Brokerage")

## Gallagher vs Heffernan Insurance Brokers Fiduciary Liability Compared

| Criteria | Gallagher Fiduciary Liability Insurance | Heffernan Fiduciary Liability Insurance |
| --- | --- | --- |
| Who It’s For | Gallagher targets this coverage at corporations sponsoring retirement or welfare benefit plans, since the described exposure is tied specifically to ERISA fiduciary duties. [1](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") (Evidence: Company-reported; scope: Group-level executive-and-financial-risk practice page..) | Heffernan offers fiduciary liability to two named segments: general business clients through its business-insurance brokerage, and family offices, trust companies, trustees, financial advisors, private equity firms, foundations, and other financial institutions through its family-office practice. [2](https://www.heffins.com/business-insurance/ "Heffernan Business Insurance Brokerage") [3](https://www.heffins.com/family-office/ "Family Office") (Evidence: Company-reported; scope: Direct practice-page listings; no minimum size or asset-under-management threshold was published for the coverage specifically..) |
| Coverage Features | 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. [1](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") (Evidence: Company-reported; scope: Group-level executive-and-financial-risk practice page; a service description, not a specific policy's insuring agreement or exclusions..) | On the family-office page, fiduciary liability insurance is listed alongside directors and officers, professional liability, employment practices liability, trustee liability, and other management-liability-adjacent lines as coverage the practice can arrange, without describing the policy's insuring agreement or exclusions. [3](https://www.heffins.com/family-office/ "Family Office") (Evidence: Company-reported; scope: Family Office page as read on 2026-09-23..) |
| Role in This Line | Gallagher's Executive and Financial Risk practice places fiduciary liability coverage with outside carriers and advises on limits; it does not underwrite the policy. [1](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") (Evidence: Company-reported; scope: Group-level executive-and-financial-risk practice page..) | Heffernan places fiduciary liability coverage within its general corporate/executive-protection lineup and again within a dedicated family-office and financial-institution practice. It shops and places the coverage with insurers rather than underwriting it. [2](https://www.heffins.com/business-insurance/ "Heffernan Business Insurance Brokerage") [3](https://www.heffins.com/family-office/ "Family Office") (Evidence: Company-reported; scope: Business Insurance and Family Office page listings; no dedicated fiduciary-liability product page was found..) |
| Risk Services | Gallagher says it has proprietary models to measure fiduciary risk and assist clients in selecting coverage limits. [1](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") (Evidence: Company-reported; scope: Group-level executive-and-financial-risk practice page..) | Heffernan's family-office practice describes a Risk Management Assessment: itemizing a client's structures, assets, and exposures; crafting insurance and risk-management strategies to close coverage gaps; and helping navigate claims, for its fiduciary and financial-institution client base. [3](https://www.heffins.com/family-office/ "Family Office") (Evidence: Company-reported; scope: Family Office page as read on 2026-09-23; a company-described service, not a measured outcome..) |

## About Gallagher and Heffernan Insurance Brokers

- [Gallagher company profile](https://spot.insure/insurance-providers/gallagher) · [Gallagher customer reviews](https://spot.insure/insurance-providers/gallagher/reviews)
- [Heffernan Insurance Brokers company profile](https://spot.insure/insurance-providers/heffernan) · [Heffernan Insurance Brokers customer reviews](https://spot.insure/insurance-providers/heffernan/reviews)
- [What Is Fiduciary Liability Insurance?](https://spot.insure/coverage/fiduciary)

## Related Pages for Gallagher vs Heffernan Insurance Brokers

- [Gallagher vs Heffernan Insurance Brokers](https://spot.insure/compare/gallagher-vs-heffernan): 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.
- [Gallagher Fiduciary Liability Insurance](https://spot.insure/insurance-providers/gallagher/fiduciary)
- [Heffernan Insurance Brokers Fiduciary Liability Insurance](https://spot.insure/insurance-providers/heffernan/fiduciary)

## Sources for Gallagher vs Heffernan Insurance Brokers

### Sources About Gallagher

1. [Executive and Financial Risk Insurance](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/). Gallagher; Fiduciary Liability (Pension and Welfare Liability) insurance section. Accessed 2026-09-23.

### Sources About Heffernan Insurance Brokers

2. [Heffernan Business Insurance Brokerage](https://www.heffins.com/business-insurance/). Heffernan Insurance Brokers; Corporate and executive protection, such as employment practices liability, directors and officers liability, fiduciary responsibility, cyber liability, and kidnap and ransom are also available through our comprehensive business insurance programs.. Accessed 2026-09-23.
3. [Family Office](https://www.heffins.com/family-office/). Heffernan Insurance Brokers; We serve: Family offices, Trust companies, Individual and professional trustees, Financial advisors/CPAs/attorneys, Private equity firms, Foundations, Financial institutions; Coverage for Family Offices, Trustees & Financial Firms: ... Fiduciary liability insurance ...; Risk Management Assessment section; contact Lacey Garrison. 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.

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