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

Lockton places fiduciary coverage for companies, plans, and their administrators; The Hartford includes the line in Private Choice management-liability options for private and nonprofit organizations.

Lockton describes typical benefit-law and administration coverage plus certain stated fines; The Hartford illustrates fiduciary protection with unpaid medical bills under an employer plan. ^1,²

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

Broker Description Versus Hartford Form

The Hartford illustrates an employee claim over unpaid medical bills; Lockton describes a typical placed policy covering benefit-law breaches, plan-administration errors, voluntary-compliance loss and certain expressly stated fines. ¹ ²

Typical Grants Versus a Benefits-Payment Example

Lockton describes typical cover for benefit-law breaches, administration errors, voluntary compliance loss and optional HIPAA, Pension Protection Act and ACA fines, and it distinguishes the line from a required ERISA bond. The Hartford describes help against fiduciary mismanagement, using a staff member whose medical bills were not paid under the employer’s benefit plans. ¹ ²

Lockton lists a long typical insured roster, including spouses, heirs, former-employee consultants, committees and trustees. The Hartford says the coverage is available to nonprofits, public companies and privately held companies. ¹ ²

Claims Counsel Versus Package Quote

Lockton’s Professional & Executive Risk Claims team integrates counsel before a claim. The Hartford’s reviewed page is a get-a-quote management-liability product page and does not describe a comparable broker claims unit for this line. ¹ ²

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

Ask whether Lockton would place a Hartford form or another carrier. ¹ ²
Ask The Hartford whether fiduciary sits in Private Choice Premier or the financial-institutions product. ²
Ask Lockton whether statutory fines are scheduled and whether an ERISA bond is also required. ¹
Compare who is an insured against Lockton’s typical list and Hartford’s nonprofit, public and private buyers. ¹ ²

Lockton vs The Hartford Fiduciary Liability Insurance Compared

Lockton vs The Hartford: Fiduciary Liability Insurance: documented features by provider

Criteria	Lockton Fiduciary Liability Insurance Brokerage	The Hartford 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.	The Hartford's fiduciary liability coverage is available to nonprofit organizations, publicly traded companies and privately-held companies as part of its management-liability lineup. ²Company-reported. Management liability product page as read 2026-09-23.
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.	The Hartford says fiduciary liability insurance helps protect a business from claims of fiduciary mismanagement, giving as an example a staff member's claim after their medical bills weren't paid in accordance with the employer's benefit plans. ²Company-reported. Management liability product page as read 2026-09-23. General coverage description; the issued policy controls.
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.	The Hartford's fiduciary liability coverage is one of five options in its Private Choice Premier management-liability package; it also offers a separate fiduciary liability line within its financial-institutions management and professional liability products. ²Company-reported. Management liability product page as read 2026-09-23.