HUB International vs Relm Insurance Fiduciary Liability Insurance

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.

Relm markets fiduciary liability as a coverage brokers can place for clients that manage employee benefit plans. ⁷Company-reported. Relm line-of-business page (Relm sells through brokers); not a statement identifying the issuing insurer for a given placement.

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 page does not name a specific issuing insurer for fiduciary liability placements. ⁷Not publicly disclosed. Line-of-business page as read on 2026-09-23; a specific placement's insurer is product- and jurisdiction-specific.

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.

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. ⁷Company-reported. Financial Lines page framing; not a guarantee of eligibility for a particular company.

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.

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. ⁷Company-reported. Financial Lines page general description; the issued policy and declarations control.

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.

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.

The reviewed fiduciary liability page does not describe dedicated plan-administration review or risk-control services beyond the general coverage description. ⁷Not found in reviewed sources. Financial Lines page as read on 2026-09-23.

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.

Relm sells fiduciary liability coverage through insurance brokers; its reviewed pages do not describe a direct online quote. ⁷Company-reported. Financial Lines page framing; consistent with Relm's broader broker-distribution model.