Lockton vs Newfront Fiduciary Liability Insurance

Lockton places fiduciary liability insurance to protect companies and the individuals who manage their employee benefit plans against claims of mismanagement; Lockton is the broker, not the insurer. ⁴Company-reported. Fiduciary liability product page as read 2026-09-23.

Newfront's Executive Risk practice brokers fiduciary liability coverage, negotiating placement for management-liability lines. Deirdre Finn, the Executive Risk Solutions Practice Leader, oversees the D&O, employment-practices and fiduciary book of business. ⁹Company-reported. Executive Risk offering page and Leadership section.

The page does not name the insurers Lockton places fiduciary liability coverage with. ⁴Not publicly disclosed. Fiduciary liability page checked 2026-09-23.

The reviewed Executive Risk page does not name the insurer or insurers that would issue a fiduciary liability policy placed through Newfront. ⁹Not publicly disclosed. Executive Risk page as read on 2026-09-23; carrier depends on the specific placement.

Lockton says coverage under a fiduciary liability policy it places typically extends to the organization, the benefit plans, employees, subsidiaries as defined in the policy, spouses/domestic partners, estates/heirs, past employees retained as fiduciaries or consultants, and committees and trustees. ⁴Company-reported. Fiduciary liability product page as read 2026-09-23.

Newfront says it services private companies from seed round through every series of funding and has worked with over 500 publicly traded companies, without a fiduciary-specific eligibility threshold. ⁹Company-reported. Here for the Long Run section; figures describe the executive-risk practice broadly, not fiduciary liability specifically.

Lockton says a typical fiduciary liability policy it places covers breaches of benefit laws, errors and omissions in plan administration, voluntary compliance loss, and, when explicitly stated, certain fines and penalties such as under HIPAA, the Pension Protection Act and the ACA. It also notes fiduciary liability is distinct from an ERISA bond, which is legally required and insures plan assets against theft under a crime/fidelity policy, whereas fiduciary liability is not legally required but covers governance and decision-making risk. ⁴Company-reported. Fiduciary liability product page as read 2026-09-23. General policy-structure description, not a specimen form.

Newfront lists Fiduciary among its Executive Risk Key Coverages, and says its work includes "safeguarding fiduciaries against breach of duty, mismanagement claims, and excessive fee allegations" for benefit-plan decision makers. ⁹Company-reported. Key Coverages list and Committed to Client Advocacy section.

Not described in the reviewed sources.

The reviewed Executive Risk page does not publish fiduciary-liability limits or retentions. ⁹Not publicly disclosed. Executive Risk page as read on 2026-09-23.

Not described in the reviewed sources.

Newfront says clients get 24/7 access to their insurance program through its connected dashboard, and that renewal submissions use automated, pre-populated historical data. ⁹Company-reported. Industry-Leading Technology section; described across Executive Risk lines, not fiduciary-specific.

Not described in the reviewed sources.

You start a fiduciary liability placement by requesting a consultation through Newfront's Executive Risk page. ⁹Company-reported. Executive Risk page call-to-action; no online quoting or binding described.

Lockton's Professional & Executive Risk Claims team integrates insurance and claims counsel within the broking team, which Lockton says is meant to have claims strategy in place before a fiduciary liability claim arises. ⁴Company-reported. Fiduciary liability product page as read 2026-09-23.

Newfront says it provides "integrated claims and coverage negotiation" for its Executive Risk lines, which would apply to a fiduciary liability claim. ⁹Company-reported. The Newfront Difference section; described across Executive Risk lines, not a fiduciary-specific claims workflow.