Marsh vs USI Insurance Services 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.

USI brokers fiduciary liability coverage, which protects a company and its plan fiduciaries against claims of mismanaging an employee benefit plan; USI places it individually or reviews it as part of a management liability program under its ExecuSafe endorsement package. ^10,11Company-reported. Business Services catalogue and ExecuSafe article.

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.

Neither page names the insurer USI uses for fiduciary liability placements. ¹⁰Not publicly disclosed. Pages as read on 2026-09-23.

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.

USI's Business Services practice targets building and maintenance, repair service, janitorial, staffing and printing companies for its broader coverage catalogue, which includes fiduciary liability; the ExecuSafe article separately targets small- and medium-sized businesses generally for management liability review. ^10,11Company-reported. Company description of client segments for each source.

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.

USI lists fiduciary liability among the coverages it places for business-services clients, and separately says its ExecuSafe review looks for gaps in a client's existing fiduciary liability coverage as part of a management liability review. ^10,11Company-reported. Catalogue listing plus the ExecuSafe review description; actual insuring agreements and exclusions are set by the issued policy.

Not described in the reviewed sources.

Neither page publishes fiduciary liability limit or retention figures. ¹⁰Not publicly disclosed. Pages 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.

USI's Business Services practice says it offers classification and exposure reviews, claim advocacy and risk control across its coverage lines, including fiduciary liability, and its ExecuSafe process specifically reviews existing fiduciary liability policies for coverage gaps. ^10,11Company-reported. Combines the general Business Services service list with the ExecuSafe-specific review step.

Not described in the reviewed sources.

USI directs business-services inquiries to pcinquiries@usi.com or a local office, and ExecuSafe/management-liability inquiries to Select.Business@usi.com. ^10,11Company-reported. Contact instructions on each page.

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.