Heffernan Insurance Brokers vs 
Relm Insurance: How Do They Compare for Fiduciary Liability Insurance?
Heffernan Insurance Brokers places fiduciary coverage for business clients and family offices; Relm Insurance serves companies managing pensions, health insurance, or other employee benefit plans.
Heffernan serves business clients and family offices with a Risk Management Assessment; Relm targets startups and growth-stage firms adding employee benefits early through broker sales. 1,2,3
What Are the Key Differences Between Heffernan Insurance Brokers and Relm Insurance Fiduciary Liability Insurance?
Direct Broker Versus Wholesale-Style Distribution
Heffernan places fiduciary for its own business clients. Relm markets the line as coverage other brokers can place for companies managing benefit plans; it does not describe an online consumer quote. 1 3
Family Offices Versus Early-Benefit Startups
Heffernan names family offices, trust companies, trustees, advisors, private equity, foundations and financial institutions, plus general business clients. Relm targets companies that manage pensions or health insurance and specifically calls out startups and growth-stage companies that introduce benefits early to attract talent. 2 3
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. Heffernan’s family-office page lists the line without that insured roster. 2 3
Assessment Service Versus Coverage Description Only
Heffernan’s family-office practice describes a Risk Management Assessment and claims navigation, reached through a Private Client Group contact. Relm’s reviewed fiduciary page does not describe dedicated plan-administration review or risk-control services beyond the general coverage description. 2 3
What Should You Confirm in Heffernan Insurance Brokers and Relm Insurance Fiduciary Liability Insurance Quotes?
- Clarify whether Relm would be a market Heffernan can access or a separate path through another broker. 1 3
- Ask Relm’s placing broker whether investment committees and directors with discretionary authority are insureds. 3
- Ask Heffernan whether a family-office assessment is in scope if you are a startup rather than a trust or family office. 2
- Ask Heffernan which market it would use and ask Relm’s placing broker which company would issue the form. 1 3
Heffernan Insurance Brokers vs Relm Insurance Fiduciary Liability Compared
Heffernan Insurance Brokers vs Relm Insurance: Fiduciary Liability Insurance: documented features by provider
| Criteria | Heffernan Fiduciary Liability Insurance | Relm Fiduciary Liability Insurance |
|---|---|---|
| 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. | 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. 3Company-reported. Financial Lines page framing; not a guarantee of eligibility for a particular company. |
| 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. | Relm sells fiduciary liability coverage through insurance brokers; its reviewed pages do not describe a direct online quote. 3Company-reported. Financial Lines page framing; consistent with Relm's broader broker-distribution model. |
| 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. | 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. 3Company-reported. Financial Lines page general description; the issued policy and declarations control. |
| 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. | Relm markets fiduciary liability as a coverage brokers can place for clients that manage employee benefit plans. 3Company-reported. Relm line-of-business page (Relm sells through brokers); not a statement identifying the issuing insurer for a given placement. |
