HUB International vs Marsh Fiduciary Liability Insurance

HUB lists fiduciary claim scenarios and DOL or PBGC suits; Marsh describes typical payments, a contractual-liability gap and FINPRO claims advocacy.

What Is HUB International?

HUB International is a North American insurance brokerage that arranges business insurance, employee benefits and related risk services through local offices and specialist practices. Smaller commercial accounts may be sent to Insureon for an online quote; other programs are handled by HUB advisors, with policy terms set by the insurers they use. ^1,^2,³

Read the HUB International profile

What Is Marsh?

Marsh is a global insurance broker and risk advisor. In the United States it places coverage through core Marsh teams and through Marsh McLennan Agency for many middle-market buyers, including technology, cyber, property, casualty and benefits programs. ^5,^6,^7,⁸

Read the Marsh profile

What Is Fiduciary Liability Insurance?

Fiduciary liability insurance addresses covered claims alleging breaches of duties in managing employee benefit plans. ^11,¹²

Read the full coverage guide

Key Differences in Fiduciary Liability Insurance

Employer Litigation List Versus Typical Payment Types

HUB and Marsh both place fiduciary liability rather than issue it. HUB’s page lists claim scenarios and names litigation from plan participants, the Department of Labor or the Pension Benefit Guaranty Corporation. Marsh says a typical policy covers defense costs, damages, judgments and settlements from breach of duty or from negligence, errors or omissions in administering a plan, but does not cover contractual liability and therefore cannot guarantee a plan’s obligation to pay benefits due. ⁴ ⁹

HUB states fiduciary liability is not covered by D&O. Marsh’s reviewed FAQs do not use that D&O contrast; they focus on what the fiduciary form typically pays and excludes. ⁴ ⁹

Who Is Covered

HUB targets employers offering health-care or retirement benefit plans. Marsh says a typical policy insures the sponsor organization, the benefit plans and plan fiduciaries who are directors, officers or employees of the sponsor, and MMA also lists fiduciary in executive and professional liability. ⁴ ⁹ ¹⁰

Education Video Versus Control Review and Advocacy

HUB publishes a prevention video and does not describe a formal fiduciary risk-management service. Marsh says FINPRO helps identify red flags in fiduciary controls, builds programs from limit assessment to carrier selection, and provides claims advocates from the onset of a claim. Both start with a broker conversation. ⁴ ⁹

What to Confirm in Fiduciary Liability Insurance Quotes

Ask Marsh how contractual liability interacts with unpaid benefits on your plans. ⁹
Ask HUB whether DOL and PBGC defense is on the form it is placing. ⁴
Confirm whether the Marsh quote is FINPRO or MMA and which carrier it selected. ⁹ ¹⁰
Ask both whether D&O and fiduciary are fully separate placements, which HUB states as a rule. ⁴ ⁹

Offering Details

HUB International vs Marsh Fiduciary Liability Insurance: documented features by provider

Criteria	HUB International Fiduciary Liability Insurance Brokerage	Marsh Fiduciary Liability Insurance
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.	Marsh's FINPRO (financial and professional) practice places fiduciary liability insurance for retirement plan sponsors and fiduciaries; MMA also lists fiduciary coverage within its executive and professional liability practice. ^9,¹⁰Company-reported. Marsh fiduciary liability page and MMA executive and professional liability page.
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.	The reviewed pages do not name a specific fiduciary liability insurer. Marsh describes its own role as advising on limit assessment and carrier selection, implying the issuing insurer depends on the placement. ⁹Not publicly disclosed. Fiduciary liability page as read on 2026-09-23.
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.	Marsh says a fiduciary liability policy typically insures the sponsor organization, the benefit plans it operates, and plan fiduciaries who are directors, officers or employees of the plan sponsor. ⁹Company-reported. Fiduciary liability page, Who is covered? FAQ.
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.	Marsh says a fiduciary liability policy typically covers defense costs, damages, judgments and settlements from a fiduciary's breach of duty or from negligence, errors or omissions in administering a benefit plan, but does not cover contractual liability, so it cannot guarantee a plan's obligation to pay benefits due. ⁹Company-reported. Fiduciary liability page FAQs; illustrative policy description, not a specific policy form.
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.	Not described in the reviewed sources.
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.	Marsh says its FINPRO practice helps clients identify red flags in fiduciary controls, builds fiduciary liability programs from limit assessment to carrier selection, and provides claims advocacy to help resolve claims from the outset. ⁹Company-reported. Fiduciary liability page, Why Marsh section.
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.	Not described in the reviewed sources.
Claims Support	Not described in the reviewed sources.	Marsh describes its claims advocates as helping clients resolve fiduciary liability claims from the onset, without publishing outcome statistics for this line. ⁹Company-reported. Fiduciary liability page, Why Marsh section.

Full Comparison

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