--- title: "Lockton vs Travelers: Fiduciary Liability Insurance" description: "Lockton describes benefit-law, administration and voluntary-compliance grants; Travelers details ERISA personal-liability protection and sells through independent agents." canonical: "https://spot.insure/compare/lockton-vs-travelers/fiduciary" page-type: "line-comparison" updated-at: "2026-09-25" comparison-pair: "lockton-vs-travelers" provider-a: "lockton" provider-b: "travelers" coverage-line: "fiduciary" --- Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and insurance research. Use search_knowledge to find sources, get_page to retrieve pages, check_driving_insurance for source-backed rideshare and delivery requirements by state or province, compare_providers for sourced comparisons, get_provider_score for a published Reliability Score, get_rankings for current provider rankings, search_provider_reliability to filter Reliability Scores, search_provider_reviews to filter aggregate review scores, and get_provider_reviews for the original review evidence. The server is read-only and requires no authentication. [Human-readable page](https://spot.insure/compare/lockton-vs-travelers/fiduciary) ## Agent Guide **What this page is:** Focused comparison of Lockton and Travelers 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 Travelers. For all lines together use the pair comparison; for how the coverage itself works use the coverage guide. **Questions this page answers:** - Lockton vs Travelers for Fiduciary Liability Insurance: how do they differ? - Which is better for Fiduciary Liability Insurance, Lockton or Travelers? - What does Lockton or Travelers publish about Fiduciary Liability Insurance (limits, eligibility, claims, add-ons)? **Key facts:** - Line: Fiduciary Liability Insurance. Providers: Lockton and Travelers. - 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 Travelers](https://spot.insure/compare/lockton-vs-travelers) — 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 - [Travelers profile](https://spot.insure/insurance-providers/travelers) — provider profile # Lockton vs Travelers: How Do They Compare for Fiduciary Liability Insurance? Lockton brokers fiduciary coverage for organizations and plan managers, with specialist claims support; Travelers underwrites the line within Management & Professional Liability and sells it through independent agents. Lockton describes typical fiduciary grants for plan administration; Travelers details ERISA personal-liability coverage and sells it through independent agents. ## Lockton vs Travelers Fiduciary Liability Insurance Summary Lockton describes benefit-law, administration and voluntary-compliance grants; Travelers details ERISA personal-liability protection and sells through independent agents. [1](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") [2](https://www.travelers.com/business-insurance/professional-liability-insurance/fiduciary-liability "Fiduciary Liability Insurance") ## What Are the Key Differences Between Lockton and Travelers Fiduciary Liability Insurance? ### Placement Versus Named Issuer Lockton places fiduciary policies and describes typical terms. Travelers sells fiduciary within Management & Professional Liability, standalone or with other management coverages, through independent agents. [1](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") [2](https://www.travelers.com/business-insurance/professional-liability-insurance/fiduciary-liability "Fiduciary Liability Insurance") ### Typical Grants Versus ERISA Personal-Liability Copy Lockton describes typical cover for benefit-law breaches, administration errors, voluntary compliance loss and optional statutory fines, and distinguishes fiduciary liability from a legally required ERISA bond. Travelers describes protection from mismanagement claims and personal liability for ERISA breach of fiduciary duty, including litigation costs and plan-administration errors. [1](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") [2](https://www.travelers.com/business-insurance/professional-liability-insurance/fiduciary-liability "Fiduciary Liability Insurance") Lockton lists possible insureds such as spouses, estates, former-employee consultants, committees and trustees. Travelers markets the product to financial institutions, nonprofits, private companies and public companies. [1](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") [2](https://www.travelers.com/business-insurance/professional-liability-insurance/fiduciary-liability "Fiduciary Liability Insurance") ### Claims Team Versus Independent Agent Lockton’s Professional & Executive Risk Claims team integrates counsel before a claim. Travelers coverage is bought through a Travelers independent agent. Travelers cites industry claim-cost examples as context, not as policy limits; Lockton’s reviewed page does not publish limits. [1](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") [2](https://www.travelers.com/business-insurance/professional-liability-insurance/fiduciary-liability "Fiduciary Liability Insurance") ## What Should You Confirm in Lockton and Travelers Fiduciary Liability Insurance Quotes? - Ask whether Lockton is placing Travelers paper or another market. [1](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") [2](https://www.travelers.com/business-insurance/professional-liability-insurance/fiduciary-liability "Fiduciary Liability Insurance") - Confirm the Travelers issuing company on the declarations. [2](https://www.travelers.com/business-insurance/professional-liability-insurance/fiduciary-liability "Fiduciary Liability Insurance") - Ask Lockton whether HIPAA, ACA or Pension Protection Act fines are scheduled and whether an ERISA bond is also in force. [1](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") - Compare individual ERISA personal liability on the Travelers form with Lockton’s typical insured roster. [1](https://global.lockton.com/us/en/products-services/fiduciary-liability-insurance "Fiduciary Liability Insurance") [2](https://www.travelers.com/business-insurance/professional-liability-insurance/fiduciary-liability "Fiduciary Liability Insurance") ## Lockton vs Travelers Fiduciary Liability Insurance Compared | Criteria | Lockton Fiduciary Liability Insurance Brokerage | Travelers 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..) | Travelers markets fiduciary liability coverage to financial institutions, nonprofit organizations, private companies and public companies. [2](https://www.travelers.com/business-insurance/professional-liability-insurance/fiduciary-liability "Fiduciary Liability Insurance") (Evidence: Company-reported; scope: Product page "Who is fiduciary liability insurance right for?" section..) | | 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..) | 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. [2](https://www.travelers.com/business-insurance/professional-liability-insurance/fiduciary-liability "Fiduciary Liability Insurance") (Evidence: Company-reported; scope: 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 | 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..) | Travelers underwrites fiduciary liability insurance as part of its Management & Professional Liability line, sold standalone or alongside other management liability coverages. [2](https://www.travelers.com/business-insurance/professional-liability-insurance/fiduciary-liability "Fiduciary Liability Insurance") (Evidence: Company-reported; scope: Product page general framing; confirmed against the broader Management and Professional Liability Insurance page..) | ## About Lockton and Travelers and Fiduciary Liability Insurance - [Lockton company profile](https://spot.insure/insurance-providers/lockton) · [Lockton customer reviews](https://spot.insure/insurance-providers/lockton/reviews) - [Travelers company profile](https://spot.insure/insurance-providers/travelers) · [Travelers customer reviews](https://spot.insure/insurance-providers/travelers/reviews) - [What Is Fiduciary Liability Insurance?](https://spot.insure/coverage/fiduciary) ## Related Pages for Lockton vs Travelers Fiduciary Liability Insurance - [Lockton vs Travelers](https://spot.insure/compare/lockton-vs-travelers): 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) - [Travelers Fiduciary Liability Insurance](https://spot.insure/insurance-providers/travelers/fiduciary) ## Sources for Lockton vs Travelers 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 Travelers 2. [Fiduciary Liability Insurance](https://www.travelers.com/business-insurance/professional-liability-insurance/fiduciary-liability). Travelers; What Is Fiduciary Liability Insurance?; What does fiduciary liability insurance cover?; Who is fiduciary liability insurance right for?; video legal footer naming Travelers Casualty and Surety Company of America. 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. 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