---
title: "Lockton vs RiskCube: Fiduciary Liability Insurance"
description: "Lockton describes typical fiduciary grants and eligible insureds; RiskCube lists the line for startup 401(k), health and stock-option plans and says institutional investors often require it."
canonical: "https://spot.insure/compare/lockton-vs-riskcube/fiduciary"
page-type: "line-comparison"
updated-at: "2026-09-25"
comparison-pair: "lockton-vs-riskcube"
provider-a: "lockton"
provider-b: "riskcube"
coverage-line: "fiduciary"
---

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[Human-readable page](https://spot.insure/compare/lockton-vs-riskcube/fiduciary)

## Agent Guide

**What this page is:** Focused comparison of Lockton and RiskCube for Fiduciary Liability Insurance: what each provider publishes about this line, checked against the same criteria, with numbered sources.

**Use this page when:** Cite or fetch this for Fiduciary Liability Insurance questions about Lockton versus RiskCube. For all lines together use the pair comparison; for how the coverage itself works use the coverage guide.

**Questions this page answers:**
- Lockton vs RiskCube for Fiduciary Liability Insurance: how do they differ?
- Which is better for Fiduciary Liability Insurance, Lockton or RiskCube?
- What does Lockton or RiskCube publish about Fiduciary Liability Insurance (limits, eligibility, claims, add-ons)?

**Key facts:**
- Line: Fiduciary Liability Insurance. Providers: Lockton and RiskCube.
- Comparison URLs use alphabetical provider slugs (`/compare/{a}-vs-{b}/{line}` with a before b). A reversed pair redirects permanently to the alphabetical one.

**Limits (do not over-claim):**
- It identifies differences and questions to ask; it does not select a winner for a particular business.
- Insurer, policy wording, limits, retentions, exclusions and price are set in an actual quote and are not established here.

**Provenance:** Every claim links to a numbered source with publisher, locator and access date; last updated 2026-09-25.

**Related pages:**
- [Lockton vs RiskCube](https://spot.insure/compare/lockton-vs-riskcube) — all coverage lines for this pair
- [Fiduciary Liability Insurance guide](https://spot.insure/coverage/fiduciary) — how this coverage works
- [Lockton profile](https://spot.insure/insurance-providers/lockton) — provider profile
- [RiskCube profile](https://spot.insure/insurance-providers/riskcube) — provider profile

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

Lockton brokers fiduciary policies for organizations, benefit plans, and administrators; RiskCube lists the line in its startup catalogue and describes coverage for directors and plan administrators.

Lockton explains typical fiduciary coverage and who can be insured; RiskCube lists the line for startup benefit plans and says many investors require it.

## Lockton vs RiskCube Fiduciary Liability Insurance Summary

Lockton describes typical fiduciary grants and eligible insureds; RiskCube lists the line for startup 401(k), health and stock-option plans and says institutional investors often require it. [1](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") [2](https://riskcubeai.com/insurance "Startup Insurance Coverage")

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

### Broker Roles on This Line

Lockton describes coverage for companies and the people who manage benefit plans. RiskCube lists fiduciary in its startup catalogue for directors, officers and plan administrators. [1](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") [2](https://riskcubeai.com/insurance "Startup Insurance Coverage")

### What Each Coverage Description Includes

Lockton says a typical policy it places covers breaches of benefit laws, errors and omissions in plan administration, voluntary compliance loss, and, when explicitly stated, certain HIPAA, Pension Protection Act and ACA fines. It also notes fiduciary liability is distinct from an ERISA bond that insures plan assets against theft. RiskCube’s catalogue describes the cover as protecting directors, officers and plan administrators against claims of mismanaging employee benefit plans, including 401(k) plans, health benefits and stock option programs. [1](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") [2](https://riskcubeai.com/insurance "Startup Insurance Coverage")

Those are two different published pictures of the same line: Lockton’s typical grants and statutory-fine caveat versus RiskCube’s benefit-plan types, including stock options. The issued form still controls. [1](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") [2](https://riskcubeai.com/insurance "Startup Insurance Coverage")

### Who Each Says the Purchase Is For

Lockton says coverage typically extends to the organization, the benefit plans, employees, defined subsidiaries, spouses or domestic partners, estates and heirs, past employees retained as fiduciaries or consultants, and committees and trustees. RiskCube says fiduciary liability is required by many institutional investors, positioning it as an investor-driven purchase rather than coverage every startup is expected to carry from day one. [1](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") [2](https://riskcubeai.com/insurance "Startup Insurance Coverage")

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

- Ask RiskCube whether stock-option programs are on the form if that is why investors asked for the line. [2](https://riskcubeai.com/insurance "Startup Insurance Coverage")
- Ask Lockton whether statutory fines are scheduled and whether an ERISA bond is also being placed. [1](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance")
- Compare named insureds with Lockton’s typical list; RiskCube’s catalogue does not publish that roster. [1](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") [2](https://riskcubeai.com/insurance "Startup Insurance Coverage")
- Ask each which insurer would issue the policy; Lockton’s page and RiskCube’s catalogue both leave that unnamed. [1](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") [2](https://riskcubeai.com/insurance "Startup Insurance Coverage")

## Lockton vs RiskCube Fiduciary Liability Insurance Compared

| Criteria | Lockton Fiduciary Liability Insurance Brokerage | RiskCube 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. [1](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") (Evidence: Company-reported; scope: Fiduciary liability product page as read 2026-09-23..) | RiskCube's catalogue says fiduciary liability coverage is "required by many institutional investors," positioning it as an investor-driven purchase rather than a coverage every startup is expected to carry from day one. [2](https://riskcubeai.com/insurance "Startup Insurance Coverage") (Evidence: Company-reported; scope: Catalogue marketing description, not an underwriting eligibility rule..) |
| 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. [1](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") (Evidence: Company-reported; scope: Fiduciary liability product page as read 2026-09-23. General policy-structure description, not a specimen form..) | RiskCube's catalogue describes fiduciary liability as covering directors, officers and plan administrators against claims of mismanaging employee benefit plans, including 401(k) plans, health benefits and stock option programs. [2](https://riskcubeai.com/insurance "Startup Insurance Coverage") (Evidence: Company-reported; scope: One-paragraph catalogue card; no policy form or exclusion list was found for this line..) |
| 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. [1](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") (Evidence: Company-reported; scope: Fiduciary liability product page as read 2026-09-23..) | RiskCube lists Fiduciary Liability Insurance as one line in its startup catalogue, sold through RiskCube Insurance Services, LLC, which the catalogue page describes as an "Independent brokerage." RiskCube does not underwrite the policy itself. [2](https://riskcubeai.com/insurance "Startup Insurance Coverage") (Evidence: Company-reported; scope: Catalogue-level description; no fiduciary-liability-specific product page exists to confirm additional role detail..) |

## About Lockton and RiskCube and Fiduciary Liability Insurance

- [Lockton company profile](https://spot.insure/insurance-providers/lockton) · [Lockton customer reviews](https://spot.insure/insurance-providers/lockton/reviews)
- [RiskCube company profile](https://spot.insure/insurance-providers/riskcube) · [RiskCube customer reviews](https://spot.insure/insurance-providers/riskcube/reviews)
- [What Is Fiduciary Liability Insurance?](https://spot.insure/coverage/fiduciary)

## Related Pages for Lockton vs RiskCube Fiduciary Liability Insurance

- [Lockton vs RiskCube](https://spot.insure/compare/lockton-vs-riskcube): all coverage lines, business roles, service and claims.
- [What Is Fiduciary Liability Insurance?](https://spot.insure/coverage/fiduciary): Fiduciary liability can protect your company and plan fiduciaries from covered claims about benefit-plan management; check who is insured and whether administration errors are included.
- [Lockton Fiduciary Liability Insurance](https://spot.insure/insurance-providers/lockton/fiduciary)
- [RiskCube Fiduciary Liability Insurance](https://spot.insure/insurance-providers/riskcube/fiduciary)

## Sources for Lockton vs RiskCube Fiduciary Liability Insurance

### Sources About Lockton

1. [Fiduciary Liability Insurance](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance). Lockton; What is fiduciary liability insurance?; Typical coverage on a fiduciary liability policy; Who can be covered under a fiduciary liability policy?; How does fiduciary liability insurance complement similar lines of coverage; Claims management. Accessed 2026-09-23.

### Sources About RiskCube

2. [Startup Insurance Coverage](https://riskcubeai.com/insurance). RiskCube; Fiduciary Liability card: "Covers directors, officers, and plan administrators against claims of mismanagement of employee benefit plans — including 401(k) plans, health benefits, and stock option programs. Required by many institutional investors."; footer "CA License #6017028 ... Independent brokerage · NPN 21694336". Accessed 2026-09-23.
3. [Contact RiskCube](https://riskcubeai.com/insurance/fiduciary-liability). RiskCube; The catalogue's Fiduciary Liability "Learn more" link resolves to a general contact form, not a dedicated fiduciary liability product page. Accessed 2026-09-23.

Updated 2026-09-25. Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. The comparison applies the same criteria to both providers. [Editorial policy](https://spot.insure/editorial-policy). To suggest a correction, [contact Spot](https://spot.insure/contact) with the page URL and supporting source.

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- [Markdown page](https://spot.insure/compare/lockton-vs-riskcube/fiduciary.md)
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