Heffernan Insurance Brokers vs HUB International: How Do They Compare for Fiduciary Liability Insurance?

Heffernan Insurance Brokers serves business clients and family offices, including through a risk-management assessment; HUB International brokers fiduciary coverage for employers with health-care or retirement plans.

Heffernan serves family offices, trusts and financial institutions; HUB targets health and retirement plan sponsors, lists specific claim scenarios and says D&O does not cover fiduciary liability. ^1,^2,³

What Are the Key Differences Between Heffernan Insurance Brokers and HUB International Fiduciary Liability Insurance?

Family-Office Practice Versus Employer Benefit-Plan Brokerage

Heffernan lists fiduciary for business clients and a separate family-office practice serving trust companies, trustees, advisors and other financial institutions. HUB focuses on employers sponsoring health or retirement plans and publishes claim examples such as administrator errors, benefit reductions and incorrect plan termination. ¹ ² ³

Claim Scenarios Versus Adjacent Management Lines

HUB lists administrator errors, benefits denials, insufficient funding, poor investments and incorrect termination and says D&O does not cover fiduciary exposure; Heffernan lists fiduciary alongside D&O and employment practices without publishing comparable claim scenarios. ² ³

What Should You Confirm in Heffernan Insurance Brokers and HUB International Fiduciary Liability Insurance Quotes?

Tell Heffernan whether you are a family office or a general business client, because the contact path differs. ² ¹
Ask HUB whether each listed claim scenario is on the form it is placing, and confirm fiduciary is scheduled separately from D&O. ³
Ask Heffernan what the Risk Management Assessment produces for this line; HUB’s reviewed product page does not describe a matching written assessment. ² ³
Get issuing insurers and limits from both; neither reviewed page publishes them. HUB’s $1 million figure is a claim-cost statistic, not a limit. ¹ ³

Heffernan Insurance Brokers vs HUB International Fiduciary Liability Compared

Heffernan Insurance Brokers vs HUB International: Fiduciary Liability Insurance: documented features by provider

Criteria	Heffernan Fiduciary Liability Insurance	HUB International Fiduciary Liability Insurance Brokerage
Who It’s For	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. ^1,²Company-reported. Direct practice-page listings; no minimum size or asset-under-management threshold was published for the coverage specifically.	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. ³Company-reported. Product-page target-audience description; not a published underwriting appetite.
How to Apply	The family-office practice's fiduciary-liability coverage is reached through a named Private Client Group specialist contact rather than a self-service online quote flow. ²Company-reported. Family Office page as read on 2026-09-23; the general business-insurance page's fiduciary listing routes through Heffernan's general Contact Us form instead.	HUB directs fiduciary liability prospects to "Connect With a Broker" or "Contact a HUB broker" rather than an online quote or bind flow. ³Company-reported. Product-page calls to action.
Coverage Features	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. ²Company-reported. Family Office page as read on 2026-09-23.	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. ³Company-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. ³Company-reported. Product-page statement distinguishing fiduciary liability from D&O.
Role in This Line	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. ^1,²Company-reported. Business Insurance and Family Office page listings; no dedicated fiduciary-liability product page was found.	HUB brokers fiduciary liability insurance for employers that sponsor health-care and retirement benefit plans, rather than underwriting the coverage itself. ³Company-reported. Fiduciary liability product page, read 2026-09-23. The page does not name an issuing insurer.
Risk Services	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. ²Company-reported. Family Office page as read on 2026-09-23; a company-described service, not a measured outcome.	HUB publishes a video on preventing fiduciary liability claims and administrative-error best practices on the product page, but the page does not describe a formal fiduciary risk-management or plan-review service. ³Company-reported. Product-page educational video reference.