HUB International vs 
Markel Insurance: How Do They Compare for Fiduciary Liability Insurance?
What Is HUB International?
HUB suits technology businesses seeking a specialist broker—its practice says it insures more than 5,000 technology companies; qualifying small accounts can use Insureon online, while mid-market buyers need an advisor. 1,2,3
Read the HUB International profile
Read the HUB International Fiduciary Liability Insurance page
Markel Insurance: Specialty Business and Products
Markel Insurance is Markel Group's specialty and small-business insurance business, with offerings across packages, workers' compensation, cyber, professional and management liability, property, marine, and surety. Products use different insurers and distribution routes, so compare the issuer and terms shown on the specific quote. 5,6
What Is Fiduciary Liability Insurance?
Fiduciary liability can protect your company and plan fiduciaries when participants claim mishandling of an employee benefit plan. If you sponsor a retirement or health plan, check who is insured and whether both administration errors and fiduciary-breach claims are addressed. 8,9,10
Key Differences in Fiduciary Liability Insurance
Claim Examples and Policy Scope
HUB lists detailed scenarios including poor choices by a plan insurer, mutual fund or third-party administrator, benefit denials or reductions, conflicts, insufficient funding, investment selection and plan termination. Markel’s summary names plan mismanagement, administration errors and breach of fiduciary duty, with defense costs, settlements and judgments subject to wording. HUB’s list gives sponsors more examples to test against their own plan operations; it does not establish that every scenario is insured, so compare the forms rather than count the labels. 4 7
Broker Access and Related Coverage
HUB brokers fiduciary coverage for employers sponsoring health or retirement plans and directs prospects to contact a broker; it also states fiduciary exposure is separate from D&O. Markel identifies private companies, nonprofits and individual plan fiduciaries but does not describe the submission route or a D&O distinction in the reviewed claim. Buyers should identify which channel will negotiate the terms and confirm whether a management-liability package shares limits with the fiduciary policy. 4 7
What to Confirm in Fiduciary Liability Insurance Quotes
- Are third-party administrator decisions, investment selection, benefit changes, funding and plan termination addressed in the issued wording? 4 7
- Is fiduciary liability separately limited from D&O and other management-liability coverages? 4 7
- Which insurer, plan data and submission documents are required by the broker or Markel underwriting team? 4 7
Review Scores
These averages can combine ratings for different products, locations, and customer groups, including approximate BBB grade conversions. Read each review for the sources, scope, and calculation.
HUB International
Review Score
2 rated sources
Customers who reviewed HUB on BBB rate it 1 out of 5, but that is only 7 reviews for a very large broker. BBB's own business grade is A-.[7][6]
Read HUB International reviewsMarkel Insurance
Review Score
2 rated sources
There is little public customer feedback on Markel. Trustpilot shows 2.5 out of 5 from just 5 reviews, and BBB lists 12 complaints closed in the last three years.[4][3]
Read Markel Insurance reviewsOffering Details
HUB International vs Markel Insurance: Fiduciary Liability Insurance: documented features by provider
| Criteria | HUB International Fiduciary Liability Insurance Brokerage | Markel fiduciary liability |
|---|---|---|
| Role in This Line | HUB brokers fiduciary liability insurance for employers that sponsor health-care and retirement benefit plans, rather than underwriting the coverage itself. 4Company-reported. Fiduciary liability product page, read 2026-09-23. The page does not name an issuing insurer. | Markel lists fiduciary liability for private companies, nonprofits and individuals managing employee benefit plans. 7Company-reported. U.S. private/nonprofit product page; not a fidelity bond. |
| Issuing Insurer | No insurer is named for fiduciary liability on the product page; the carrier depends on the placement. 4Not found in reviewed sources. Checked the fiduciary liability product page on 2026-09-23. | Confirm in your quote. |
| Who It’s For | 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. 4Company-reported. Product-page target-audience description; not a published underwriting appetite. | The page identifies private companies and not-for-profits and employee-plan fiduciaries as intended audiences; exact class and plan eligibility is not stated universally. 7Company-reported. Published audience description only. |
| Coverage Features | 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. 4Company-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. 4Company-reported. Product-page statement distinguishing fiduciary liability from D&O. | Markel describes claims involving benefit-plan mismanagement, administrative errors or breach of fiduciary duty, with potential defense costs, settlements and judgments subject to policy wording. 7Company-reported. Illustrative page description; policy terms control. |
| Limits and Retentions | 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. 4Not publicly disclosed. Checked the fiduciary liability product page on 2026-09-23; the $1 million figure describes potential exposure, not an offered limit. | Confirm in your quote. |
| Risk Services | 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. 4Company-reported. Product-page educational video reference. | Confirm in your quote. |
| How to Apply | HUB directs fiduciary liability prospects to "Connect With a Broker" or "Contact a HUB broker" rather than an online quote or bind flow. 4Company-reported. Product-page calls to action. | Confirm in your quote. |
Full Comparison
More HUB International vs Markel Insurance Comparisons
Other Fiduciary Liability Insurance Comparisons
Sources
HUB International
- About Us. HUB International; Opening description; 1998 formation of HUB International Limited; 2022 Insureon acquisition; headquarters and employee/office counts. Accessed 2026-09-16.
- Contact Us. HUB International; Business Solutions paths for Commercial Insurance Solutions versus Small Commercial Insurance Solutions via Insureon; office search. Accessed 2026-09-16.
- Insurance for Technology Companies. HUB International; Technology Company Insurance & Risk Management: startup, software, hardware and digital-media introduction; Business Coverage and People Protection lists; technology-client count. Accessed 2026-09-16.
- Fiduciary Liability Insurance Brokers. HUB International; Target audience: employers offering health-care and retirement benefit plans; list of covered claim scenarios; statement distinguishing fiduciary liability from D&O; $1 million defense-and-settlement-cost reference; "Prevent Fiduciary Liability Claims" video; Connect With a Broker / Contact a HUB broker calls to action. Accessed 2026-09-23.
Markel Insurance
- About us. Markel; Markel at a glance; description of Markel Insurance within Markel Group Inc. Accessed 2026-09-28.
- Markel Group Inc. 2025 Form 10-K. U.S. Securities and Exchange Commission; filed by Markel Group Inc.; Cover page; Part I, Item 1 Business—Markel Insurance, U.S. Wholesale and Specialty, Programs and Solutions; Part II, Item 7/8 for group and segment risks. Accessed 2026-09-28.
- Private and Nonprofit Management Liability Insurance. Markel; What we offer; private/nonprofit segment; D&O, EPL, fiduciary and optional coverage sections. Accessed 2026-09-29.
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. Travelers Casualty and Surety Company of America; II.D,J–L pp.2–3; II.A p.1; II.V p.5; Header p.1; II.M p.3; I p.1; III.A.6–8 pp.5–6; II.M.2 p.3; III.B.1 p.6. Accessed 2026-09-16.
- Fiduciary Liability Insurance. Travelers; What Is Fiduciary Liability Insurance? Accessed 2026-09-16.
