Marsh vs RiskCube Fiduciary Liability Insurance

Marsh's FINPRO (financial and professional) practice places fiduciary liability insurance for retirement plan sponsors and fiduciaries; MMA also lists fiduciary coverage within its executive and professional liability practice. ^5,6Company-reported. Marsh fiduciary liability page and MMA executive and professional liability page.

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. ¹⁰Company-reported. Catalogue-level description; no fiduciary-liability-specific product page exists to confirm additional role detail.

The reviewed pages do not name a specific fiduciary liability insurer. Marsh describes its own role as advising on limit assessment and carrier selection, implying the issuing insurer depends on the placement. ⁵Not publicly disclosed. Fiduciary liability page as read on 2026-09-23.

Not described in the reviewed sources.

Marsh says a fiduciary liability policy typically insures the sponsor organization, the benefit plans it operates, and plan fiduciaries who are directors, officers or employees of the plan sponsor. ⁵Company-reported. Fiduciary liability page, Who is covered? FAQ.

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. ¹⁰Company-reported. Catalogue marketing description, not an underwriting eligibility rule.

Marsh says a fiduciary liability policy typically covers defense costs, damages, judgments and settlements from a fiduciary's breach of duty or from negligence, errors or omissions in administering a benefit plan, but does not cover contractual liability, so it cannot guarantee a plan's obligation to pay benefits due. ⁵Company-reported. Fiduciary liability page FAQs; illustrative policy description, not a specific policy 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. ¹⁰Company-reported. One-paragraph catalogue card; no policy form or exclusion list was found for this line.

Not described in the reviewed sources.

The reviewed fiduciary liability catalogue card and contact-form page do not publish limit, retention or premium ranges for this line. ^10,11Not publicly disclosed. Public pages checked on 2026-09-23; amounts may appear only on an individual quote.

Marsh says its FINPRO practice helps clients identify red flags in fiduciary controls, builds fiduciary liability programs from limit assessment to carrier selection, and provides claims advocacy to help resolve claims from the outset. ⁵Company-reported. Fiduciary liability page, Why Marsh section.

Not described in the reviewed sources.

Not described in the reviewed sources.

Unlike RiskCube's technology E&O and key person life insurance lines, the catalogue's "Learn more" link for Fiduciary Liability (riskcubeai.com/insurance/fiduciary-liability) redirects to a general contact form rather than a dedicated page describing a fiduciary-specific application flow or required intake information. Guessed slugs /insurance/fiduciary and /insurance/fiduciary-insurance both 404. ¹¹Not found in reviewed sources. Checked on 2026-09-23; the URL may change to a dedicated page later.

Marsh describes its claims advocates as helping clients resolve fiduciary liability claims from the onset, without publishing outcome statistics for this line. ⁵Company-reported. Fiduciary liability page, Why Marsh section.

Not described in the reviewed sources.