What Does Fiduciary Liability Insurance from Alliance Risk Cover?
Alliance Risk arranges fiduciary liability insurance for employers that sponsor 401(k), pension or health plans, including nonprofits and union plans.
Alliance Risk Fiduciary Liability Insurance · Updated
What Is Alliance Risk’s Role in Fiduciary Liability Insurance?
Alliance Risk places fiduciary liability coverage as a broker: it reviews a company's current coverage and markets the risk to carriers that specialize in fiduciary liability. 1
Company-reported.Fiduciary liability product page; Alliance Risk does not underwrite the policy itself.
Who Issues Alliance Risk Fiduciary Liability Insurance?
The reviewed fiduciary liability page does not name the insurer that would issue a policy; it says Alliance Risk markets a company's risk to carriers that specialize in fiduciary liability, so the issuing insurer depends on the placement. 1
Not publicly disclosed.Fiduciary liability product page as read on 2026-09-23.
Who Is Alliance Risk Fiduciary Liability Insurance For?
Alliance Risk targets fiduciary liability coverage at any employer sponsoring a 401(k), defined benefit pension or health plan, including multi-employer and union plans, nonprofits, sole proprietors and partnerships with plans, and professional groups managing partner retirement plans; it says even plans fully outsourced to a TPA still need fiduciary coverage because the sponsor retains oversight liability. 1
Company-reported.Fiduciary liability product page; eligibility for a particular company depends on underwriting.
Alliance Risk says a company should add fiduciary liability coverage when it launches a 401(k) or similar benefit plan, because ERISA fiduciary duty attaches the moment the plan goes live. 2
Company-reported.Management liability page's program-staging guidance, describing fiduciary liability specifically among the three bundled lines.
Coverage Features of Alliance Risk Fiduciary Liability Insurance
Alliance Risk lists legal defense costs, settlements and judgments, and Department of Labor audits and penalties as typically covered, responding to claims such as excessive-fee litigation and imprudent investment selection; it says criminal and fraudulent acts, bodily injury and property damage, and employee dishonesty (covered instead by an ERISA fidelity bond) are excluded. 1
Company-reported.Fiduciary liability product page; coverage and exclusions described in general terms, subject to the policy as issued.
Alliance Risk Fiduciary Liability Insurance Limits and Retentions
Alliance Risk states standard fiduciary liability deductibles it sees range from $5,000 to $50,000, with smaller, lower-risk plans qualifying for lower deductibles and higher deductibles reducing premium at the cost of more out-of-pocket exposure in a claim. 1
Company-reported.Fiduciary liability product page FAQ; illustrative range, not a quote for any particular plan.
Alliance Risk says entry-level management-liability packages that bundle fiduciary liability with D&O and EPLI often share a single aggregate limit, so a large D&O or EPLI settlement earlier in the policy year can reduce what is left for a fiduciary claim; it says a specialist broker structures shared versus separate limits to manage that risk. 2
Company-reported.Management liability page's discussion of bundled D&O, EPLI and fiduciary programs.
Alliance Risk Fiduciary Liability Insurance Risk Services
Alliance Risk offers a no-charge review of an existing fiduciary liability policy, identifying gaps and exclusion risks and comparing the program to market options. 1
Company-reported.Fiduciary liability product page, Get Your Fiduciary Liability Risk Review section.
How Do You Apply for Alliance Risk Fiduciary Liability Insurance?
For a fiduciary liability quote, Alliance Risk asks for the plan type, number of participants, total assets under management, current coverage and limits, whether an ERISA fidelity bond is in place, and a five-year claims history of DOL audits and participant complaints, and says it typically delivers proposals within a few business days. 1
Company-reported.Fiduciary liability product page, What We Need for Your Quote section; timing is a company estimate, not a guarantee.
How Does Alliance Risk Handle Fiduciary Liability Insurance Claims?
The reviewed fiduciary liability page does not describe an Alliance Risk claims-handling or claims-advocacy process; it discusses what a fiduciary liability policy covers rather than how Alliance Risk itself supports a claim. 1
Not found in reviewed sources.Fiduciary liability product page as read on 2026-09-23.
Alliance Risk Fiduciary Liability Insurance Compared
Other Coverage Lines Documented for Alliance Risk
Sources for Alliance Risk Fiduciary Liability Insurance
- Fiduciary Liability Insurance. Alliance Risk; Fiduciary Liability Insurance: Protecting the People Who Manage Your Plan; What Does Fiduciary Liability Insurance Cover?; What Fiduciary Liability Insurance Does NOT Cover; Who Needs Fiduciary Liability Insurance?; Cost of Fiduciary Liability Insurance; Get Your Fiduciary Liability Risk Review. Accessed 2026-09-23.
- Management Liability Insurance: How D&O, EPLI, and Fiduciary Fit Together. Alliance Risk; The shared limit problem; How to structure the program as you scale. Accessed 2026-09-23.