HUB International vs 
Travelers: How Do They Compare for Fiduciary Liability Insurance?
HUB International brokers fiduciary liability for employers with retirement or health-care plans; Travelers underwrites the line within Management & Professional Liability and sells it through agents.
HUB details claim scenarios and says D&O does not cover fiduciary exposure; Travelers sells fiduciary through independent agents to companies, nonprofits and financial institutions. 1,2
What Are the Key Differences Between HUB International and Travelers Fiduciary Liability Insurance?
Who Carries the Risk
HUB routes fiduciary coverage through a broker. Travelers offers it within Management & Professional Liability, standalone or with other management coverages, through independent agents. 1 2
Claim Scenarios Versus ERISA Personal Liability
HUB lists administration errors, conflicts, benefits changes, insufficient funding, poor investments and incorrect termination, and names DOL and PBGC litigation. Travelers describes protection from mismanagement claims and personal liability for ERISA breach of fiduciary duty, including litigation costs and plan-administration errors or omissions. 1 2
HUB states D&O does not cover fiduciary exposure. Travelers markets the product to financial institutions, nonprofits, private companies and public companies, overlapping HUB’s employer-plan audience but adding those entity types explicitly. 1 2
How You Buy
HUB asks you to contact a HUB broker. Travelers coverage is bought through a Travelers independent agent. Neither page publishes a fiduciary limit as a product term; both cite roughly million-dollar claim-cost figures as risk context, not as offered limits. 1 2
What Should You Confirm in HUB International and Travelers Fiduciary Liability Insurance Quotes?
- Ask whether HUB can place Travelers paper or is using another market. 1 2
- Confirm the Travelers issuing company on the policy. 2
- Ask both how individual ERISA personal liability is treated relative to HUB’s scenario list. 1 2
- Get actual limits and retentions; treat published million-dollar figures as examples only. 1 2
HUB International vs Travelers Fiduciary Liability Insurance Compared
HUB International vs Travelers: Fiduciary Liability Insurance: documented features by provider
| Criteria | HUB International Fiduciary Liability Insurance Brokerage | Travelers 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. | Travelers markets fiduciary liability coverage to financial institutions, nonprofit organizations, private companies and public companies. 2Company-reported. Product page "Who is fiduciary liability insurance right for?" 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. 1Company-reported. Product-page calls to action. | Fiduciary liability coverage is bought through a Travelers independent agent. 2Company-reported. Product page "Find an insurance agent" call to action. |
| 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. | Travelers says fiduciary liability coverage protects companies and individuals who manage a company-sponsored retirement or health plan from claims of mismanagement and personal liability for breach of fiduciary duty under ERISA, including litigation costs and errors or omissions in plan administration. 2Company-reported. Product page "What Is Fiduciary Liability Insurance?" and "What does fiduciary liability insurance cover?" sections; exact terms and exclusions are set by the issued policy. |
| 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. | Travelers underwrites fiduciary liability insurance as part of its Management & Professional Liability line, sold standalone or alongside other management liability coverages. 2Company-reported. Product page general framing; confirmed against the broader Management and Professional Liability Insurance page. |
