--- title: "Marsh McLennan Agency vs Relm Insurance: Fiduciary Liability Insurance" description: "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." canonical: "https://spot.insure/compare/marsh-mclennan-agency-vs-relm/fiduciary" page-type: "line-comparison" updated-at: "2026-09-30" comparison-pair: "marsh-mclennan-agency-vs-relm" provider-a: "marsh-mclennan-agency" provider-b: "relm" 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, compare_providers for sourced comparisons, get_provider_score for a published Spot Score, get_rankings for current provider rankings, search_provider_reliability to filter Spot 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/marsh-mclennan-agency-vs-relm/fiduciary) ## Agent Guide **What this page is:** Focused comparison of Marsh McLennan Agency and Relm Insurance 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 Marsh McLennan Agency versus Relm Insurance. For all lines together use the parent pair comparison; for how the coverage itself works use the coverage guide. **Questions this page answers:** - Marsh McLennan Agency vs Relm Insurance for Fiduciary Liability Insurance: how do they differ? - Which is better for Fiduciary Liability Insurance, Marsh McLennan Agency or Relm Insurance? - What does Marsh McLennan Agency or Relm Insurance publish about Fiduciary Liability Insurance (limits, eligibility, claims, add-ons)? - What should I confirm in a quote for Fiduciary Liability Insurance from Marsh McLennan Agency or Relm Insurance? **Key facts:** - Line: Fiduciary Liability Insurance. Providers: Marsh McLennan Agency and Relm Insurance. - Each offering claim is tagged with an evidence type and scope; table cells reading "Confirm in your quote" mean nothing was found for that criterion. - Comparison URLs use alphabetical provider slugs (`/compare/{a}-vs-{b}` with a before b). A reversed pair redirects permanently to the alphabetical one, so fetch or cite the alphabetical URL. **Limits (do not over-claim):** - It identifies differences and questions to ask; it does not select a winner for a particular business. - "Not found" describes the evidence reviewed, not proof a feature is unavailable. - 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 in the Sources section; last updated 2026-09-30. Editorial policy: /editorial-policy. **Related pages:** - [Marsh McLennan Agency vs Relm Insurance](https://spot.insure/compare/marsh-mclennan-agency-vs-relm) — parent: all coverage lines for this pair - [Fiduciary Liability Insurance guide](https://spot.insure/coverage/fiduciary) — coverage explainer for this line - [Marsh McLennan Agency profile](https://spot.insure/insurance-providers/marsh-mclennan-agency) — provider profile (evidence) - [Relm Insurance profile](https://spot.insure/insurance-providers/relm) — provider profile (evidence) - [Marsh McLennan Agency vs Relm Insurance Commercial Property Insurance](https://spot.insure/compare/marsh-mclennan-agency-vs-relm/commercial-property) — sibling comparison (other line, or other pair for this line) - [Marsh McLennan Agency vs Relm Insurance Crime Insurance](https://spot.insure/compare/marsh-mclennan-agency-vs-relm/crime) — sibling comparison (other line, or other pair for this line) - [Marsh McLennan Agency vs Relm Insurance Employment Practices Liability Insurance](https://spot.insure/compare/marsh-mclennan-agency-vs-relm/employment-practices) — sibling comparison (other line, or other pair for this line) - [Marsh McLennan Agency vs Relm Insurance Professional Liability (E&O) Insurance](https://spot.insure/compare/marsh-mclennan-agency-vs-relm/professional-errors-omissions) — sibling comparison (other line, or other pair for this line) - [AIG vs Marsh McLennan Agency Fiduciary Liability Insurance](https://spot.insure/compare/aig-vs-marsh-mclennan-agency/fiduciary) — sibling comparison (other line, or other pair for this line) - [AIG vs Relm Insurance Fiduciary Liability Insurance](https://spot.insure/compare/aig-vs-relm/fiduciary) — sibling comparison (other line, or other pair for this line) - [Alliance Risk vs Marsh McLennan Agency Fiduciary Liability Insurance](https://spot.insure/compare/alliance-risk-vs-marsh-mclennan-agency/fiduciary) — sibling comparison (other line, or other pair for this line) - [Alliance Risk vs Relm Insurance Fiduciary Liability Insurance](https://spot.insure/compare/alliance-risk-vs-relm/fiduciary) — sibling comparison (other line, or other pair for this line) - [Aon vs Marsh McLennan Agency Fiduciary Liability Insurance](https://spot.insure/compare/aon-vs-marsh-mclennan-agency/fiduciary) — sibling comparison (other line, or other pair for this line) - [Aon vs Relm Insurance Fiduciary Liability Insurance](https://spot.insure/compare/aon-vs-relm/fiduciary) — sibling comparison (other line, or other pair for this line) # 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. ## Research Scope and Use Use this comparison to evaluate Marsh McLennan Agency and Relm Insurance for Fiduciary Liability Insurance against the same documented criteria. It identifies differences and questions to confirm; it does not select a winner for a particular business. Offering claims are what each provider publishes about this line unless marked otherwise. “Not found” describes the evidence reviewed, not proof that a feature is unavailable. Confirm the insurer, policy wording, limits, retentions, exclusions and cost in an actual quote. ## Summary 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](https://www.marshmma.com/us/solutions/executive-and-professional-liability.html "Executive and Professional Liability | MMA") [6](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") ## 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](https://www.marshmma.com/us/mma/about-us.html "Who We Are") [2](https://www.marshmma.com/us/solutions/small-business.html "Small Business Insurance Solutions") [Marsh McLennan Agency profile](https://spot.insure/insurance-providers/marsh-mclennan-agency) ## 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](https://relminsurance.com/relm-launches-us-mga/ "Relm Launches US MGA") [5](https://relminsurance.com/relm-insurance-launches-ai-suite/ "Relm Launches AI Liability Solutions") [Relm Insurance profile](https://spot.insure/insurance-providers/relm) ## 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](https://www.dol.gov/sites/dolgov/files/ebsa/employers-and-advisers/guidance/field-assistance-bulletins/erisa-fidelity-bonding-requirements.pdf "Field Assistance Bulletin No. 2008-04: Guidance Regarding ERISA Fidelity Bonding Requirements") [8](https://asset.trvstatic.com/download/assets/fri-3001.pdf/c75b6c8e63ca11ee93454641efede6a9 "Fiduciary Liability") [9](https://www.travelers.com/business-insurance/professional-liability-insurance/fiduciary-liability "Fiduciary Liability Insurance") ## 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](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") [3](https://www.marshmma.com/us/solutions/executive-and-professional-liability.html "Executive and Professional Liability | MMA") ### 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](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") [3](https://www.marshmma.com/us/solutions/executive-and-professional-liability.html "Executive and Professional Liability | MMA") ## What to Confirm in Fiduciary Liability Insurance Quotes - Ask Relm Insurance which discretionary-authority roles and benefit plans are insured, and whether trustees and outside administrators are included. [6](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") - Ask Marsh McLennan Agency to provide its insured-person definition and confirm the form covers the company’s plan committees and trustees. [3](https://www.marshmma.com/us/solutions/executive-and-professional-liability.html "Executive and Professional Liability | MMA") ## Offering Details | 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. [3](https://www.marshmma.com/us/solutions/executive-and-professional-liability.html "Executive and Professional Liability | MMA") (Evidence: Company-reported; scope: 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. [6](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") (Evidence: Company-reported; scope: 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. [6](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") (Evidence: Not publicly disclosed; scope: 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. [3](https://www.marshmma.com/us/solutions/executive-and-professional-liability.html "Executive and Professional Liability | MMA") (Evidence: Company-reported; scope: 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. [6](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") (Evidence: Company-reported; scope: 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. [3](https://www.marshmma.com/us/solutions/executive-and-professional-liability.html "Executive and Professional Liability | MMA") (Evidence: Company-reported; scope: 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. [6](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") (Evidence: Company-reported; scope: 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. [3](https://www.marshmma.com/us/solutions/executive-and-professional-liability.html "Executive and Professional Liability | MMA") (Evidence: Not publicly disclosed; scope: 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. [6](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") (Evidence: Not found in reviewed sources; scope: 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. [3](https://www.marshmma.com/us/solutions/executive-and-professional-liability.html "Executive and Professional Liability | MMA") (Evidence: Company-reported; scope: 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. [6](https://relminsurance.com/lines-of-business/financial-lines-insurance/ "Financial Lines Insurance") (Evidence: Company-reported; scope: Financial Lines page framing; consistent with Relm's broader broker-distribution model..) | ## Full Comparison - [Marsh McLennan Agency vs Relm Insurance](https://spot.insure/compare/marsh-mclennan-agency-vs-relm): 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. - [Marsh McLennan Agency vs Relm Insurance Commercial Property Insurance](https://spot.insure/compare/marsh-mclennan-agency-vs-relm/commercial-property) - [Marsh McLennan Agency vs Relm Insurance Crime Insurance](https://spot.insure/compare/marsh-mclennan-agency-vs-relm/crime) - [Marsh McLennan Agency vs Relm Insurance Employment Practices Liability Insurance](https://spot.insure/compare/marsh-mclennan-agency-vs-relm/employment-practices) - [Marsh McLennan Agency vs Relm Insurance Professional Liability (E&O) Insurance](https://spot.insure/compare/marsh-mclennan-agency-vs-relm/professional-errors-omissions) - [AIG vs Marsh McLennan Agency Fiduciary Liability Insurance](https://spot.insure/compare/aig-vs-marsh-mclennan-agency/fiduciary) - [AIG vs Relm Insurance Fiduciary Liability Insurance](https://spot.insure/compare/aig-vs-relm/fiduciary) - [Alliance Risk vs Marsh McLennan Agency Fiduciary Liability Insurance](https://spot.insure/compare/alliance-risk-vs-marsh-mclennan-agency/fiduciary) - [Alliance Risk vs Relm Insurance Fiduciary Liability Insurance](https://spot.insure/compare/alliance-risk-vs-relm/fiduciary) - [Aon vs Marsh McLennan Agency Fiduciary Liability Insurance](https://spot.insure/compare/aon-vs-marsh-mclennan-agency/fiduciary) - [Aon vs Relm Insurance Fiduciary Liability Insurance](https://spot.insure/compare/aon-vs-relm/fiduciary) ## Sources ### Marsh McLennan Agency 1. [Who We Are](https://www.marshmma.com/us/mma/about-us.html). 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. 2. [Small Business Insurance Solutions](https://www.marshmma.com/us/solutions/small-business.html). 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. 3. [Executive and Professional Liability | MMA](https://www.marshmma.com/us/solutions/executive-and-professional-liability.html). Marsh McLennan Agency; Named within the executive and professional liability product suite.. Accessed 2026-09-30. ### Relm Insurance 4. [Relm Launches US MGA](https://relminsurance.com/relm-launches-us-mga/). Relm Insurance; Opening paragraphs describing US MGA and distribution partners. Accessed 2026-09-16. 5. [Relm Launches AI Liability Solutions](https://relminsurance.com/relm-insurance-launches-ai-suite/). Relm Insurance; NOVAAI, PONTAAI and RESCAAI: Applicable Users and Coverage Highlights. Accessed 2026-09-16. 6. [Financial Lines Insurance](https://relminsurance.com/lines-of-business/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 7. [Field Assistance Bulletin No. 2008-04: Guidance Regarding ERISA Fidelity Bonding Requirements](https://www.dol.gov/sites/dolgov/files/ebsa/employers-and-advisers/guidance/field-assistance-bulletins/erisa-fidelity-bonding-requirements.pdf). U.S. Department of Labor, Employee Benefits Security Administration; Q2 pp.2–3. Accessed 2026-09-16. 8. [Fiduciary Liability](https://asset.trvstatic.com/download/assets/fri-3001.pdf/c75b6c8e63ca11ee93454641efede6a9). 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. 9. [Fiduciary Liability Insurance](https://www.travelers.com/business-insurance/professional-liability-insurance/fiduciary-liability). Travelers; What Is Fiduciary Liability Insurance?. Accessed 2026-09-16. Updated 2026-09-30. 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. ## Marsh McLennan Agency Reviews Review Score: 8.2 / 10 from 2 rated sources, equally weighted. 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. - Trustpilot: TrustScore 3.2 (out of 5); 1 reviews. Trustpilot profile for marshmma.com, MMA's own domain. Unclaimed; MMA has not invited reviews. Period: checked 2026-09-29. Checked 2026-09-29. [marshmma.com Trustpilot profile](https://www.trustpilot.com/review/marshmma.com) - Trustpilot: TrustScore (Marsh brand) 1.3 (out of 5); 115 reviews. Trustpilot page for marsh.com, the global Marsh brand (mostly individual and non-US customers). This is a different entity from MMA. Period: checked 2026-09-29. Checked 2026-09-29. [Marsh Reviews](https://www.trustpilot.com/review/www.marsh.com) - BBB: BBB business grade A. BBB San Diego-area profile for Marsh & McLennan Agency LLC (accredited). MMA has separate BBB profiles per office; Dayton and Schaumburg both show A+. Checked 2026-09-29. [Marsh & McLennan Agency LLC (San Diego) BBB](https://www.bbb.org/us/ca/san-diego/profile/insurance-services-office/marsh-mclennan-agency-llc-1126-3000103) - BBB: Complaints 4. Same San Diego-area profile; zero customer reviews. No client-count denominator. Period: closed in the last three years (checked 2026-09-29). Checked 2026-09-29. [Marsh & McLennan Agency LLC — BBB Complaints](https://www.bbb.org/us/ca/san-diego/profile/insurance-services-office/marsh-mclennan-agency-llc-1126-3000103/complaints); [Marsh & McLennan Agency LLC — BBB Reviews](https://www.bbb.org/us/ca/san-diego/profile/insurance-services-office/marsh-mclennan-agency-llc-1126-3000103/customer-reviews) Reviewed 2026-09-29. [Read the sourced review](https://spot.insure/insurance-providers/marsh-mclennan-agency/reviews). ## Relm Insurance Reviews Review Score: not enough ratings. We couldn't find any public customer reviews or ratings for Relm Insurance. Its Trustpilot page exists but has no reviews yet. Reviewed 2026-09-29. [Read the sourced review](https://spot.insure/insurance-providers/relm/reviews). ## Agent and Developer Resources - [Markdown page](https://spot.insure/compare/marsh-mclennan-agency-vs-relm/fiduciary.md) - [Developer resources](https://spot.insure/developers) - [Public MCP server](https://spot.insure/mcp) - [MCP server manifest](https://spot.insure/server.json) - [OpenAPI description](https://spot.insure/openapi.json) - [Public page index](https://spot.insure/llms.txt)