Heffernan Insurance Brokers vs 
RiskCube: How Do They Compare for Fiduciary Liability Insurance?
Heffernan Insurance Brokers offers fiduciary coverage through business and family-office brokerage; RiskCube lists the line in its startup catalogue and describes protection for directors and plan administrators.
Heffernan serves businesses and family offices; RiskCube lists fiduciary for startup 401(k), health and stock-option plans and says institutional investors often require it. 1,2,3
What Are the Key Differences Between Heffernan Insurance Brokers and RiskCube Fiduciary Liability Insurance?
Two Independent Brokerages, Different Catalogues
Heffernan lists fiduciary in its corporate executive-protection and family-office practices. RiskCube includes the coverage in a startup catalogue for benefit plans. 1 2 3
Investor-Required Stock-Option Cover Versus Trustee Clients
RiskCube’s catalogue says the cover reaches directors, officers and plan administrators for mismanagement of 401(k) plans, health benefits and stock option programs, and that many institutional investors require it. Heffernan does not publish that investor-requirement framing; it instead names family offices, trustees, private equity firms and foundations as clients who can buy the line. 2 3
Named Specialist Versus Generic Contact Form
Heffernan’s family-office fiduciary coverage is reached through a named Private Client Group specialist and includes a Risk Management Assessment of structures, assets and exposures. RiskCube’s fiduciary “Learn more” link opens a general contact form rather than a dedicated product page or application checklist. 2 4
Heffernan’s family-office listing and RiskCube’s catalogue card both omit limit, retention and premium ranges. 2 3
What Should You Confirm in Heffernan Insurance Brokers and RiskCube Fiduciary Liability Insurance Quotes?
- Ask RiskCube which form covers stock-option programs if that is the investor ask. 3
- Ask Heffernan whether a startup without a family office still sits in the business-insurance fiduciary listing. 1
- Confirm issuing insurers; Heffernan’s pages do not name them, and RiskCube’s catalogue does not either. 1 3
- Ask Heffernan what written output the Risk Management Assessment produces; RiskCube’s reviewed pages do not describe an equivalent review. 2 3
Heffernan Insurance Brokers vs RiskCube Fiduciary Liability Compared
Heffernan Insurance Brokers vs RiskCube: Fiduciary Liability Insurance: documented features by provider
| Criteria | Heffernan Fiduciary Liability Insurance | RiskCube 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. | RiskCube's catalogue says fiduciary liability coverage is "required by many institutional investors," positioning it as an investor-driven purchase rather than a coverage every startup is expected to carry from day one. 3Company-reported. Catalogue marketing description, not an underwriting eligibility rule. |
| 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. | RiskCube's catalogue describes fiduciary liability as covering directors, officers and plan administrators against claims of mismanaging employee benefit plans, including 401(k) plans, health benefits and stock option programs. 3Company-reported. One-paragraph catalogue card; no policy form or exclusion list was found for this line. |
| 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. | RiskCube lists Fiduciary Liability Insurance as one line in its startup catalogue, sold through RiskCube Insurance Services, LLC, which the catalogue page describes as an "Independent brokerage." RiskCube does not underwrite the policy itself. 3Company-reported. Catalogue-level description; no fiduciary-liability-specific product page exists to confirm additional role detail. |
