Gallagher vs 
The Hartford Fiduciary Liability Insurance
Gallagher brokers ERISA fiduciary coverage and models limits; The Hartford underwrites fiduciary as an option inside Private Choice Premier.
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. 1,2,3,4,5
What Is The Hartford?
The Hartford is the brand of The Hartford Insurance Group, Inc., whose subsidiaries underwrite property-and-casualty insurance and employee benefits. Small-business buyers can start online or by phone or work through independent agents, while the issuing company and state eligibility still have to be confirmed on a quote. 6,7,8
What Is Fiduciary Liability Insurance?
Fiduciary liability insurance addresses covered claims alleging breaches of duties in managing employee benefit plans. 10,11
Key Differences in Fiduciary Liability Insurance
Broker Versus Insurer on This Line
Gallagher’s Executive and Financial Risk practice places fiduciary liability with outside carriers and does not underwrite it. The Hartford’s fiduciary coverage is a product it underwrites: one of five options in Private Choice Premier, plus a separate fiduciary line in its financial-institutions management and professional liability products. 3 9
A Gallagher quote still depends on whichever insurer it shops. A Hartford quote is Hartford’s form, subject to the package or financial-institutions product you buy. 3 9
ERISA Plan Design Versus Unpaid Benefit Claims
Gallagher describes the exposure as ERISA duties of fiduciaries, committees and personnel who design or implement 401(k) or pension plans. The Hartford describes help against claims of fiduciary mismanagement, using the example of a staff member whose medical bills were not paid according to the employer’s benefit plans. 3 9
Who Each Offering Is Aimed At
Gallagher targets corporations sponsoring retirement or welfare plans. The Hartford says the coverage is available to nonprofit organizations, publicly traded companies and privately held companies in its management-liability lineup. Gallagher also publishes proprietary limit-selection models; The Hartford’s reviewed management-liability page does not describe a comparable limit model for this line. 3 9
What to Confirm in Fiduciary Liability Insurance Quotes
- Ask whether Gallagher is placing a Hartford form or another carrier, and get the issuing company name. 3 9
- Ask The Hartford whether fiduciary sits in Private Choice Premier or the financial-institutions product on your quote. 9
- Compare who is an insured: Gallagher’s ERISA fiduciaries and committees versus Hartford’s management-liability insureds for nonprofits, public and private companies. 3 9
- Ask Gallagher what limit its model supports; The Hartford’s reviewed page does not publish fiduciary limits. 3 9
Offering Details
Gallagher vs The Hartford Fiduciary Liability Insurance: documented features by provider
| Criteria | Gallagher Fiduciary Liability Insurance | The Hartford 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. 3Company-reported. Group-level executive-and-financial-risk practice page. | The Hartford's fiduciary liability coverage is one of five options in its Private Choice Premier management-liability package; it also offers a separate fiduciary liability line within its financial-institutions management and professional liability products. 9Company-reported. Management liability product page as read 2026-09-23. |
| Issuing Insurer | The executive-and-financial-risk page does not name the insurer that would issue a given client's fiduciary liability policy. 3Not publicly disclosed. Checked the group-level executive-and-financial-risk practice page. | Not described in the reviewed sources. |
| 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. 3Company-reported. Group-level executive-and-financial-risk practice page. | The Hartford's fiduciary liability coverage is available to nonprofit organizations, publicly traded companies and privately-held companies as part of its management-liability lineup. 9Company-reported. Management liability product page as read 2026-09-23. |
| 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. 3Company-reported. Group-level executive-and-financial-risk practice page; a service description, not a specific policy's insuring agreement or exclusions. | The Hartford says fiduciary liability insurance helps protect a business from claims of fiduciary mismanagement, giving as an example a staff member's claim after their medical bills weren't paid in accordance with the employer's benefit plans. 9Company-reported. Management liability product page as read 2026-09-23. General coverage description; the issued policy controls. |
| Limits and Retentions | The page does not publish specific fiduciary liability limits or premium ranges beyond describing its proprietary limit-selection models. 3Not publicly disclosed. 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. 3Company-reported. Group-level executive-and-financial-risk practice page. | Not described in the reviewed sources. |
Full Comparison
More Gallagher vs The Hartford Comparisons
Other Fiduciary Liability Insurance Comparisons
Sources
Gallagher
- 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.
- Insurance for Technology & IT Businesses. 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.
- Executive and Financial Risk Insurance. Gallagher; Fiduciary Liability (Pension and Welfare Liability) insurance section. Accessed 2026-09-23.
- Legal Information. Gallagher Small Business; Producer identification immediately above Quick Links. Accessed 2026-09-16.
- Woodruff Sawyer Is Now Gallagher. Gallagher; Opening; Executive and Financial Risk consulting; Continued access to client portals; contact form. Accessed 2026-09-16.
The Hartford
- Legal Notice. The Hartford; The Hartford Insurance Group, Inc. holding-company description; no representation that all products are available in all locations; P&C writing-company table as of December 31, 2025 including Hartford Fire (NAIC 19682) and Hartford Underwriters (NAIC 30104); life writing companies including Hartford Life and Accident (NAIC 70815). Accessed 2026-09-16.
- SaaS Insurance for Your Business. The Hartford; Audience list (software startups, SaaS, IT consulting); Get a Business Owner’s Policy; What Is Business Owner’s Policy Insurance?; general liability introduction and Get a Quote; Get Commercial Property Insurance; Commercial Property Insurance for Your Business; Benefits of The Hartford’s WC Insurance for Employers and Employees; cyber insurance and data breach descriptions; Get a quote for cyber insurance; EPLI introduction and Private Choice Premier; add-ons (workers’ compensation, data breach, commercial auto); technology professional liability mention; small-business availability banner; industry-average premium footnote; footnote 2 state restrictions; footer product-availability disclosure. Accessed 2026-09-16.
- Find a Local Insurance Agent. The Hartford; Small-business and midsize agent locators; FAQ that buyers can purchase without an agent by calling or quoting online; statement that agents may charge fees. Accessed 2026-09-16.
- Management Liability Insurance | Get a Quote. The Hartford; Fiduciary Liability Insurance section; Who Does Management Liability Insurance Protect?; Management and Professional Liability Insurance for Financial Institutions. Accessed 2026-09-23.
Fiduciary Liability Insurance Guide
- Field Assistance Bulletin No. 2008-04: Guidance Regarding ERISA Fidelity Bonding Requirements. U.S. Department of Labor, Employee Benefits Security Administration; Q2 pp.2–3. Accessed 2026-09-16.
- Fiduciary Liability Insurance. Travelers; What Is Fiduciary Liability Insurance? Accessed 2026-09-16.
