Marsh McLennan Agency vs 
Relm Insurance: How Do They Compare for Fiduciary Liability Insurance?
Marsh McLennan Agency lists fiduciary liability as an executive-liability product without naming those insured roles or costs in its overview; Relm Insurance identifies plan sponsors, trustees, administrators, investment committees, and directors or officers with discretionary authority as protected roles, and describes coverage for legal fees, settlements, and judgments tied to benefit plans. 3,6
What Is Marsh McLennan Agency?
Marsh McLennan Agency provides business insurance and employee health and benefits, alongside retirement, wealth, and private-client services across the United States and Canada. Its US small-business page lists six common coverage types and directs buyers to request a personalized quote by phone; the insurer and terms for a specific placement must be confirmed in the proposal. 1,2
Read the Marsh McLennan Agency profile
Read the Marsh McLennan Agency Fiduciary Liability Insurance page
What Is Relm Insurance?
Relm suits AI developers distinguishing liability and cyber/Tech E&O through Nova AI from first-party losses caused by third-party AI failures through Resca AI; businesses seeking standard small-business coverage should compare generalist providers. 4,5
What Is Fiduciary Liability Insurance?
Fiduciary liability can protect your company and plan fiduciaries when participants claim mishandling of an employee benefit plan. If you sponsor a retirement or health plan, check who is insured and whether both administration errors and fiduciary-breach claims are addressed. 7,8,9
Key Differences in Fiduciary Liability Insurance
Coverage Scope and Plan Details
Relm Insurance identifies plan sponsors, trustees, administrators, investment committees, and directors or officers with discretionary authority as protected roles, and describes coverage for legal fees, settlements, and judgments tied to benefit plans. Marsh McLennan Agency lists fiduciary liability as an executive-liability product without naming those insured roles or costs in its overview. A sponsor should compare the insured-person definition against its committee, administrator, and trustee roster before choosing between proposals. 6 3
Placement and Buyer Questions
Relm Insurance specifically speaks to startups and growth-stage companies introducing pension or health benefits early, while Marsh McLennan Agency describes organizations seeking executive-liability solutions generally. Relm Insurance sells through insurance brokers; Marsh McLennan Agency directs the prospect to its adviser. Both routes need a quote to establish plan-specific terms. 6 3
What to Confirm in Fiduciary Liability Insurance Quotes
Review Scores
These averages can combine ratings for different products, locations, and customer groups, including approximate BBB grade conversions. Read each review for the sources, scope, and calculation.
Marsh McLennan Agency
Review Score
2 rated sources
There are almost no public customer reviews of Marsh McLennan Agency (MMA). Trustpilot shows 3.2 out of 5, but from a single review, and BBB shows an A grade with four complaints closed in three years.[8][9][1]
Read Marsh McLennan Agency reviewsRelm Insurance
Review Score
No reviews found
We couldn't find any public customer reviews or ratings for Relm Insurance. Its Trustpilot page exists but has no reviews yet.[9]
Read Relm Insurance reviewsOffering Details
Marsh McLennan Agency vs Relm Insurance: Fiduciary Liability Insurance: documented features by provider
| Criteria | Marsh McLennan Agency fiduciary (official overview) | Relm Fiduciary Liability Insurance |
|---|---|---|
| Role in This Line | Marsh McLennan Agency describes arranging fiduciary for the audience stated on the cited product page. 3Company-reported. fiduciary marketed by marsh-mclennan-agency; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement. | Relm markets fiduciary liability as a coverage brokers can place for clients that manage employee benefit plans. 6Company-reported. Relm line-of-business page (Relm sells through brokers); not a statement identifying the issuing insurer for a given placement. |
| Issuing Insurer | Confirm in your quote. | The reviewed page does not name a specific issuing insurer for fiduciary liability placements. 6Not publicly disclosed. Line-of-business page as read on 2026-09-23; a specific placement's insurer is product- and jurisdiction-specific. |
| Who It’s For | Organizations seeking executive liability solutions; source does not define plan-specific eligibility. 3Company-reported. fiduciary marketed by marsh-mclennan-agency; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement. | Relm targets companies that manage employee benefit plans such as pensions or health insurance, specifically calling out startups and growth-stage companies that introduce benefits early to attract talent. 6Company-reported. Financial Lines page framing; not a guarantee of eligibility for a particular company. |
| Coverage Features | The cited product page describes fiduciary liability as a named product in the executive and professional liability suite; the overview does not state plan-specific grants. Marketing description only; actual coverage, exclusions, conditions, limits, and availability depend on the issued policy and jurisdiction. 3Company-reported. fiduciary marketed by marsh-mclennan-agency; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement. | Relm says fiduciary liability protects plan sponsors, trustees, administrators, investment committees, and directors and officers with 'discretionary authority' under ERISA, covering legal fees, settlement and judgment costs tied to employee benefit plans. 6Company-reported. Financial Lines page general description; the issued policy and declarations control. |
| Limits and Retentions | The cited overview does not set a universal limit or retention for this line. Ask for the proposed policy form, limits, retentions, exclusions, and conditions in the quote. 3Not publicly disclosed. Only the cited marketing page was reviewed for published limit and retention information; no policy-form entitlement is inferred. | Confirm in your quote. |
| Risk Services | Confirm in your quote. | The reviewed fiduciary liability page does not describe dedicated plan-administration review or risk-control services beyond the general coverage description. 6Not found in reviewed sources. Financial Lines page as read on 2026-09-23. |
| How to Apply | The page invites organizations to contact a Marsh McLennan Agency adviser or specialist to discuss placement. The page does not establish a quote, bind, or coverage-effective timeline. 3Company-reported. fiduciary marketed by marsh-mclennan-agency; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement. | Relm sells fiduciary liability coverage through insurance brokers; its reviewed pages do not describe a direct online quote. 6Company-reported. Financial Lines page framing; consistent with Relm's broader broker-distribution model. |
Full Comparison
More Marsh McLennan Agency vs Relm Insurance Comparisons
Other Fiduciary Liability Insurance Comparisons
Sources
Marsh McLennan Agency
- Who We Are. Marsh McLennan Agency; Lines 193-195: ‘a business of Marsh’ and company-listed service lines across US and Canada. This does not establish the legal entity for an account, corporate ownership chart, or insurer role. Accessed 2026-09-29.
- Small Business Insurance Solutions. Marsh McLennan Agency; Lines 205-207: small-business audience and call invitation; lines 224-249 list six coverage categories and short descriptions; line 264 is an embedded form whose function is not stated. No form submitted. Accessed 2026-09-29.
- Executive and Professional Liability | MMA. Marsh McLennan Agency; Named within the executive and professional liability product suite. Accessed 2026-09-30.
Relm Insurance
- Relm Launches US MGA. Relm Insurance; Opening paragraphs describing US MGA and distribution partners. Accessed 2026-09-16.
- Relm Launches AI Liability Solutions. Relm Insurance; NOVAAI, PONTAAI and RESCAAI: Applicable Users and Coverage Highlights. Accessed 2026-09-16.
- Financial Lines Insurance. Relm Insurance; Fiduciary Liability Insurance: What Is Fiduciary Liability Insurance?; Make Sure Benefits Don't Backfire; What Does Fiduciary Insurance Cover? Accessed 2026-09-23.
Fiduciary Liability Insurance Guide
- Field Assistance Bulletin No. 2008-04: Guidance Regarding ERISA Fidelity Bonding Requirements. U.S. Department of Labor, Employee Benefits Security Administration; Q2 pp.2–3. Accessed 2026-09-16.
- Fiduciary Liability. Travelers Casualty and Surety Company of America; II.D,J–L pp.2–3; II.A p.1; II.V p.5; Header p.1; II.M p.3; I p.1; III.A.6–8 pp.5–6; II.M.2 p.3; III.B.1 p.6. Accessed 2026-09-16.
- Fiduciary Liability Insurance. Travelers; What Is Fiduciary Liability Insurance? Accessed 2026-09-16.
