Marsh vs Travelers 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.

Travelers underwrites fiduciary liability insurance as part of its Management & Professional Liability line, sold standalone or alongside other management liability coverages. ¹⁰Company-reported. Product page general framing; confirmed against the broader Management and Professional Liability Insurance page.

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.

The product page's video disclosure names Travelers Casualty and Surety Company of America and its property casualty affiliates; the specific issuing entity for a given policy can vary. ¹⁰Company-reported. Product page video legal footer.

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.

Travelers markets fiduciary liability coverage to financial institutions, nonprofit organizations, private companies and public companies. ¹⁰Company-reported. Product page "Who is fiduciary liability insurance right for?" section.

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.

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. ¹⁰Company-reported. 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.

Not described in the reviewed sources.

The reviewed page does not publish fiduciary liability limits, retentions or premiums; it cites industry claim examples (settlements and defense costs from roughly $1 million to $14 million, and an average ERISA case cost topping $1.2 million) as general risk context, not as policy terms. ¹⁰Not found in reviewed sources. Product page video claim scenarios and cost statistics as read on 2026-09-23.

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.

Fiduciary liability coverage is bought through a Travelers independent agent. ¹⁰Company-reported. Product page "Find an insurance agent" call to action.

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.