HUB International vs Relm Insurance: How Do They Compare for Fiduciary Liability Insurance?

HUB International brokers fiduciary coverage for employers with retirement or health-care plans; Relm Insurance places the line for companies managing pensions, health insurance, or other employee benefits.

HUB serves health and retirement plan sponsors and lists participant, DOL and PBGC claim scenarios; Relm targets startups adding benefit plans early and sells through brokers. ^1,²

What Are the Key Differences Between HUB International and Relm Insurance Fiduciary Liability Insurance?

Retail Fiduciary Page Versus Broker-Distributed Product

HUB directs employers with health or retirement plans to a broker to arrange fiduciary coverage. Relm markets the line for brokers to place and does not describe an online quote, so buyers also need a placing broker for this route. ¹ ²

Employers With Plans Versus Startups Adding Benefits

HUB targets employers offering health-care or retirement plans who may be sued by participants, the Department of Labor or the PBGC. Relm targets companies that manage pensions or health insurance and specifically calls out startups and growth-stage firms that introduce benefits early. ¹ ²

HUB lists many claim scenarios and says D&O does not cover fiduciary exposure. Relm describes protection for plan sponsors, trustees, administrators, investment committees, and directors and officers with discretionary authority under ERISA, including legal fees, settlements and judgments. ¹ ²

Education Versus No Described Risk-Control Service

HUB publishes a prevention video; the page does not describe a formal plan-review service. Relm’s reviewed financial-lines page does not describe dedicated plan-administration review or risk-control services beyond the coverage description. ¹ ²

What Should You Confirm in HUB International and Relm Insurance Fiduciary Liability Insurance Quotes?

Ask whether HUB would place Relm paper or a different market. ¹ ²
Ask Relm’s broker whether investment committees are insureds. ²
Ask HUB whether DOL and PBGC defense is on the form. ¹
Confirm both issuing companies and whether fiduciary is separate from D&O, as HUB states. ¹ ²

HUB International vs Relm Insurance Fiduciary Liability Compared

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

Criteria	HUB International Fiduciary Liability Insurance Brokerage	Relm Fiduciary Liability Insurance
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. ¹Company-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. ²Company-reported. Financial Lines page framing; not a guarantee of eligibility for a particular company.
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. ¹Company-reported. Product-page calls to action.	Relm sells fiduciary liability coverage through insurance brokers; its reviewed pages do not describe a direct online quote. ²Company-reported. Financial Lines page framing; consistent with Relm's broader broker-distribution model.
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. ¹Company-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. ¹Company-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. ²Company-reported. Financial Lines page general description; the issued policy and declarations control.
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. ¹Company-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. ²Company-reported. Relm line-of-business page (Relm sells through brokers); not a statement identifying the issuing insurer for a given placement.