Lockton vs Newfront: How Do They Compare for Fiduciary Liability Insurance?

Lockton brokers fiduciary policies for organizations and plan managers and offers specialist claims help; Newfront works with private companies across funding stages and provides online access to insurance programs.

Lockton describes typical policy grants, a broad list of insureds and claims support; Newfront’s Executive Risk practice serves seed-stage through public companies and names excessive-fee claims. ^1,²

What Are the Key Differences Between Lockton and Newfront Fiduciary Liability Insurance?

Policy Structure Versus Practice Description

Lockton describes typical grants for benefit-law breaches, plan-administration errors and voluntary-compliance loss, plus certain fines when stated. Newfront lists fiduciary under Executive Risk and names breach-of-duty, mismanagement and excessive-fee allegations. ¹ ²

Insured Roster Versus Funding-Stage Book

Lockton says a typical policy can cover the organization, plans, employees, subsidiaries, spouses or partners, estates and heirs, former employees kept as fiduciaries or consultants, and committees and trustees. Newfront describes the Executive Risk book as private companies from seed through every series plus more than 500 public companies, without a fiduciary-specific headcount or AUM cutoff. ¹ ²

Claims Counsel in the Team Versus Dashboard and Negotiation

Lockton’s Professional & Executive Risk Claims team keeps insurance and claims counsel inside the broking team before a claim arises. Newfront starts with a consultation request, offers 24/7 dashboard access, automated renewal submissions, and integrated claims and coverage negotiation across Executive Risk lines. ¹ ²

Lockton’s fiduciary page and Newfront’s Executive Risk page both leave the writing company unnamed. ¹ ²

What Should You Confirm in Lockton and Newfront Fiduciary Liability Insurance Quotes?

Ask Lockton whether statutory fines are scheduled and whether an ERISA bond is also being placed. ¹
Ask Newfront whether excessive-fee allegations are on the form. ²
Compare who is an insured, including spouses and former-employee consultants Lockton lists. ¹ ²
Ask how claims will be staffed: Lockton’s integrated counsel versus Newfront’s Executive Risk negotiation. ¹ ²

Lockton vs Newfront Fiduciary Liability Insurance Compared

Lockton vs Newfront: Fiduciary Liability Insurance: documented features by provider

Criteria	Lockton Fiduciary Liability Insurance Brokerage	Newfront Fiduciary Liability Insurance
Who It’s For	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. ¹Company-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. ²Company-reported. Here for the Long Run section; figures describe the executive-risk practice broadly, not fiduciary liability specifically.
Coverage Features	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. ¹Company-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. ²Company-reported. Key Coverages list and Committed to Client Advocacy section.
Role in This Line	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. ¹Company-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. ²Company-reported. Executive Risk offering page and Leadership section.
Claims Support	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. ¹Company-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. ²Company-reported. The Newfront Difference section; described across Executive Risk lines, not a fiduciary-specific claims workflow.