Heffernan Insurance Brokers vs HUB International Fiduciary Liability Insurance

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. ^3,4Company-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. ⁸Company-reported. Fiduciary liability product page, read 2026-09-23. The page does not name an issuing insurer.

The reviewed pages do not name the insurer or insurers that issue fiduciary liability policies Heffernan places for either business clients or family offices. ^3,4Not publicly disclosed. Business Insurance and Family Office pages as read on 2026-09-23.

No insurer is named for fiduciary liability on the product page; the carrier depends on the placement. ⁸Not found in reviewed sources. Checked the fiduciary liability product page on 2026-09-23.

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. ^3,4Company-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. ⁸Company-reported. Product-page target-audience description; not a published underwriting appetite.

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. ⁴Company-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. ⁸Company-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. ⁸Company-reported. Product-page statement distinguishing fiduciary liability from D&O.

Neither page publishes a fiduciary-liability limit, retention, or premium range. ^3,4Not found in reviewed sources. Business Insurance and Family Office pages as read on 2026-09-23.

The product page does not publish specific policy limits or retentions; it references that combined defense and settlement costs on fiduciary claims can exceed $1 million as a risk statistic, not a policy limit. ⁸Not publicly disclosed. Checked the fiduciary liability product page on 2026-09-23; the $1 million figure describes potential exposure, not an offered limit.

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. ⁴Company-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. ⁸Company-reported. Product-page educational video reference.

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. ⁴Company-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. ⁸Company-reported. Product-page calls to action.