--- title: "Gallagher vs Relm Insurance Fiduciary Liability Insurance" description: "Gallagher brokers ERISA fiduciary coverage and sizes limits with proprietary models; Relm sells the line through brokers to startups adding benefits." canonical: "https://spot.insure/compare/gallagher-vs-relm/fiduciary" page-type: "line-comparison" updated-at: "2026-09-23" --- Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and insurance research. Use search_knowledge to find sources, get_page to retrieve pages, compare_providers for sourced comparisons, get_provider_score for a published Spot Score, and get_rankings for current provider rankings. The server is read-only and requires no authentication. [Human-readable page](https://spot.insure/compare/gallagher-vs-relm/fiduciary) # Gallagher vs Relm Insurance Fiduciary Liability Insurance Gallagher brokers ERISA fiduciary coverage and sizes limits with proprietary models; Relm sells the line through brokers to startups adding benefits. ## Research Scope and Use Use this comparison to evaluate Gallagher and Relm Insurance for Fiduciary Liability Insurance against the same documented criteria. It identifies differences and questions to confirm; it does not select a winner for a particular business. Offering claims are what each provider publishes about this line unless marked otherwise. “Not found” describes the evidence reviewed, not proof that a feature is unavailable. Confirm the insurer, policy wording, limits, retentions, exclusions and cost in an actual quote. ## Summary Gallagher places fiduciary liability for corporate ERISA plan sponsors and says it models limits. Relm markets the same coverage for brokers to place, targeting startups and growth-stage companies that add pensions or health plans to hire talent. [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") ## What Is Gallagher? Gallagher is a business-insurance broker and risk-management consultancy. Its technology practice serves startups through global enterprises, alongside a separate small-business offering for IT professionals and an executive-risk practice covering D&O and transaction-related coverages. Woodruff Sawyer is now part of Gallagher. [1](https://www.ajg.com/industries/technology-insurance/ "Technology Insurance") [2](https://www.gallaghersmallbusiness.com/technology-services/ "Insurance for Technology & IT Businesses") [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [4](https://www.gallaghersmallbusiness.com/legal-information/ "Legal Information") [5](https://www.ajg.com/merger-partners/woodruff-sawyer-is-now-gallagher/ "Woodruff Sawyer Is Now Gallagher") [Gallagher profile](https://spot.insure/insurance-providers/gallagher) ## What Is Relm Insurance? Relm is a specialty insurance business serving emerging industries. Its AI range distinguishes developer liability, gaps in existing liability insurance and losses from third-party AI failures. [6](https://relminsurance.com/relm-launches-us-mga/ "Relm Launches US MGA") [7](https://relminsurance.com/relm-insurance-launches-ai-suite/ "Relm Launches AI Liability Solutions") [Relm Insurance profile](https://spot.insure/insurance-providers/relm) ## What Is Fiduciary Liability Insurance? Fiduciary liability insurance addresses covered claims alleging breaches of duties in managing employee benefit plans. [9](https://www.dol.gov/sites/dolgov/files/ebsa/employers-and-advisers/guidance/field-assistance-bulletins/erisa-fidelity-bonding-requirements.pdf "Field Assistance Bulletin No. 2008-04: Guidance Regarding ERISA Fidelity Bonding Requirements") [10](https://www.travelers.com/business-insurance/professional-liability-insurance/fiduciary-liability "Fiduciary Liability Insurance") ## Key Differences in Fiduciary Liability Insurance ### Broker Placement Versus Coverage Sold Through Brokers Gallagher’s Executive and Financial Risk practice places fiduciary liability with outside carriers and does not underwrite it. Relm markets fiduciary liability as a line brokers can place for clients that manage employee benefit plans, and its reviewed pages do not describe a direct online quote. [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") A buyer talking to Gallagher is talking to the placing broker. A buyer looking at Relm still needs a broker in the middle, and neither reviewed source names the issuing insurer. [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") ### Corporate ERISA Sponsors Versus Early-Benefit Startups Gallagher targets corporations whose exposure sits in ERISA duties on 401(k) or pension design. Relm targets companies that manage pensions or health insurance and specifically calls out startups and growth-stage firms that introduce benefits early to attract talent. [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") ### Who the Policy Description Names Gallagher describes protection for a corporation’s ERISA fiduciaries, fiduciary committees and personnel who design or implement retirement plans. Relm says the cover protects plan sponsors, trustees, administrators, investment committees, and directors and officers with discretionary authority under ERISA, including legal fees, settlements and judgments tied to those plans. [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") Gallagher also says it has proprietary models to measure fiduciary risk and choose limits. Relm’s reviewed financial-lines page does not describe dedicated plan-review or risk-control services beyond that coverage description. [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") ## What to Confirm in Fiduciary Liability Insurance Quotes - Confirm how you buy: Gallagher as placing broker, or Relm through your existing broker. [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") - Ask Relm (via the broker) whether trustees, investment committees and directors with discretionary authority are insureds on the form. [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") - Ask Gallagher what limit the proprietary model produces and how it compares with Relm’s unpublished figures. [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") - Get the issuing insurer and ERISA-related exclusions from both placements. [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") ## Offering Details | Criteria | Gallagher Fiduciary Liability Insurance | Relm Fiduciary Liability Insurance | | --- | --- | --- | | 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. [3](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..) | Relm markets fiduciary liability as a coverage brokers can place for clients that manage employee benefit plans. [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") (Evidence: Company-reported; scope: Relm line-of-business page (Relm sells through brokers); not a statement identifying the issuing insurer for a given placement..) | | Issuing Insurer | The executive-and-financial-risk page does not name the insurer that would issue a given client's fiduciary liability policy. [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") (Evidence: Not publicly disclosed; scope: Checked the group-level executive-and-financial-risk practice page..) | The reviewed page does not name a specific issuing insurer for fiduciary liability placements. [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") (Evidence: Not publicly disclosed; scope: Line-of-business page as read on 2026-09-23; a specific placement's insurer is product- and jurisdiction-specific..) | | 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. [3](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..) | Relm targets companies that manage employee benefit plans such as pensions or health insurance, specifically calling out startups and growth-stage companies that introduce benefits early to attract talent. [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") (Evidence: Company-reported; scope: Financial Lines page framing; not a guarantee of eligibility for a particular company..) | | 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. [3](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..) | Relm says fiduciary liability protects plan sponsors, trustees, administrators, investment committees, and directors and officers with 'discretionary authority' under ERISA, covering legal fees, settlement and judgment costs tied to employee benefit plans. [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") (Evidence: Company-reported; scope: Financial Lines page general description; the issued policy and declarations control..) | | Limits and Retentions | The page does not publish specific fiduciary liability limits or premium ranges beyond describing its proprietary limit-selection models. [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") (Evidence: Not publicly disclosed; scope: Checked the group-level executive-and-financial-risk practice page..) | Not described in the reviewed sources. | | Risk Services | Gallagher says it has proprietary models to measure fiduciary risk and assist clients in selecting coverage limits. [3](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..) | The reviewed fiduciary liability page does not describe dedicated plan-administration review or risk-control services beyond the general coverage description. [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") (Evidence: Not found in reviewed sources; scope: Financial Lines page as read on 2026-09-23..) | | How to Apply | Not described in the reviewed sources. | Relm sells fiduciary liability coverage through insurance brokers; its reviewed pages do not describe a direct online quote. [8](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") (Evidence: Company-reported; scope: Financial Lines page framing; consistent with Relm's broader broker-distribution model..) | ## Full Comparison - [Gallagher vs Relm Insurance](https://spot.insure/compare/gallagher-vs-relm): all coverage lines, business roles, service and claims. - [What Is Fiduciary Liability Insurance?](https://spot.insure/coverage/fiduciary): Fiduciary liability insurance can help with covered claims alleging that your business or its people breached duties in managing an employee benefit plan. - [Gallagher vs Relm Insurance Commercial Property Insurance](https://spot.insure/compare/gallagher-vs-relm/commercial-property) - [Gallagher vs Relm Insurance Crime Insurance](https://spot.insure/compare/gallagher-vs-relm/crime) - [Gallagher vs Relm Insurance Cyber Insurance](https://spot.insure/compare/gallagher-vs-relm/cyber) - [Gallagher vs Relm Insurance D&O Insurance](https://spot.insure/compare/gallagher-vs-relm/directors-officers) - [Gallagher vs Relm Insurance Employment Practices Liability Insurance](https://spot.insure/compare/gallagher-vs-relm/employment-practices) - [Gallagher vs Relm Insurance General Liability Insurance](https://spot.insure/compare/gallagher-vs-relm/general-liability) - [Gallagher vs Relm Insurance Kidnap and Ransom Insurance](https://spot.insure/compare/gallagher-vs-relm/kidnap-ransom) - [Gallagher vs Relm Insurance Professional Liability (E&O) Insurance](https://spot.insure/compare/gallagher-vs-relm/professional-errors-omissions) - [Gallagher vs Relm Insurance Tech E&O Insurance](https://spot.insure/compare/gallagher-vs-relm/technology-errors-omissions) - [Gallagher vs Relm Insurance Umbrella and Excess Liability Insurance](https://spot.insure/compare/gallagher-vs-relm/umbrella-excess) - [Alliance Risk vs Gallagher Fiduciary Liability Insurance](https://spot.insure/compare/alliance-risk-vs-gallagher/fiduciary) - [Alliance Risk vs Relm Insurance Fiduciary Liability Insurance](https://spot.insure/compare/alliance-risk-vs-relm/fiduciary) - [Beazley vs Gallagher Fiduciary Liability Insurance](https://spot.insure/compare/beazley-vs-gallagher/fiduciary) - [Beazley vs Relm Insurance Fiduciary Liability Insurance](https://spot.insure/compare/beazley-vs-relm/fiduciary) - [Chubb vs Gallagher Fiduciary Liability Insurance](https://spot.insure/compare/chubb-vs-gallagher/fiduciary) - [Chubb vs Relm Insurance Fiduciary Liability Insurance](https://spot.insure/compare/chubb-vs-relm/fiduciary) ## Sources ### Gallagher 1. [Technology Insurance](https://www.ajg.com/industries/technology-insurance/). Gallagher; Introduction; Solutions and coverages for the technology industry: Technology errors and omissions including cyber, Intellectual property insurance, Product liability, Employee benefits; Data-driven insights; global network. Accessed 2026-09-16. 2. [Insurance for Technology & IT Businesses](https://www.gallaghersmallbusiness.com/technology-services/). Gallagher Small Business; Protection for IT Professionals & Their Technology-Based Businesses; recommended coverage menu, including Surety Bond Programs; Connect With An Advisor. Accessed 2026-09-16. 3. [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. 4. [Legal Information](https://www.gallaghersmallbusiness.com/legal-information/). Gallagher Small Business; Producer identification immediately above Quick Links. Accessed 2026-09-16. 5. [Woodruff Sawyer Is Now Gallagher](https://www.ajg.com/merger-partners/woodruff-sawyer-is-now-gallagher/). Gallagher; Opening; Executive and Financial Risk consulting; Continued access to client portals; contact form. Accessed 2026-09-16. ### Relm Insurance 6. [Relm Launches US MGA](https://relminsurance.com/relm-launches-us-mga/). Relm Insurance; Opening paragraphs describing US MGA and distribution partners. Accessed 2026-09-16. 7. [Relm Launches AI Liability Solutions](https://relminsurance.com/relm-insurance-launches-ai-suite/). Relm Insurance; NOVAAI, PONTAAI and RESCAAI: Applicable Users and Coverage Highlights. Accessed 2026-09-16. 8. [Financial Lines Insurance](https://relminsurance.com/lines-of-business/financial-lines-insurance/). Relm Insurance; Fiduciary Liability Insurance: What Is Fiduciary Liability Insurance?; Make Sure Benefits Don't Backfire; What Does Fiduciary Insurance Cover?. Accessed 2026-09-23. ### Fiduciary Liability Insurance Guide 9. [Field Assistance Bulletin No. 2008-04: Guidance Regarding ERISA Fidelity Bonding Requirements](https://www.dol.gov/sites/dolgov/files/ebsa/employers-and-advisers/guidance/field-assistance-bulletins/erisa-fidelity-bonding-requirements.pdf). U.S. Department of Labor, Employee Benefits Security Administration; Q2 pp.2–3. Accessed 2026-09-16. 10. [Fiduciary Liability Insurance](https://www.travelers.com/business-insurance/professional-liability-insurance/fiduciary-liability). Travelers; What Is Fiduciary Liability Insurance?. Accessed 2026-09-16. Updated 2026-09-23. 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. 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