What Does Fiduciary Liability Insurance from Lockton Cover?
Lockton places fiduciary liability insurance for companies and the individuals who manage their employee benefit plans, covering claims of mismanagement.
Lockton Fiduciary Liability Insurance Brokerage · Updated
What Is Lockton’s Role in Fiduciary Liability Insurance?
Lockton places fiduciary liability insurance to protect companies and the individuals who manage their employee benefit plans against claims of mismanagement; Lockton is the broker, not the insurer. 1
Company-reported.Fiduciary liability product page as read 2026-09-23.
Who Issues Lockton Fiduciary Liability Insurance?
The page does not name the insurers Lockton places fiduciary liability coverage with. 1
Not publicly disclosed.Fiduciary liability page checked 2026-09-23.
Who Is Lockton Fiduciary Liability Insurance For?
Lockton says coverage under a fiduciary liability policy it places typically extends to the organization, the benefit plans, employees, subsidiaries as defined in the policy, spouses/domestic partners, estates/heirs, past employees retained as fiduciaries or consultants, and committees and trustees. 1
Company-reported.Fiduciary liability product page as read 2026-09-23.
Coverage Features of Lockton Fiduciary Liability Insurance
Lockton says a typical fiduciary liability policy it places covers breaches of benefit laws, errors and omissions in plan administration, voluntary compliance loss, and, when explicitly stated, certain fines and penalties such as under HIPAA, the Pension Protection Act and the ACA. It also notes fiduciary liability is distinct from an ERISA bond, which is legally required and insures plan assets against theft under a crime/fidelity policy, whereas fiduciary liability is not legally required but covers governance and decision-making risk. 1
Company-reported.Fiduciary liability product page as read 2026-09-23. General policy-structure description, not a specimen form.
How Does Lockton Handle Fiduciary Liability Insurance Claims?
Lockton's Professional & Executive Risk Claims team integrates insurance and claims counsel within the broking team, which Lockton says is meant to have claims strategy in place before a fiduciary liability claim arises. 1
Company-reported.Fiduciary liability product page as read 2026-09-23.
Lockton Fiduciary Liability Insurance Compared With Other Providers
Other Coverage Lines Documented for Lockton
Sources for Lockton Fiduciary Liability Insurance
- Fiduciary Liability Insurance. Lockton; What is fiduciary liability insurance?; Typical coverage on a fiduciary liability policy; Who can be covered under a fiduciary liability policy?; How does fiduciary liability insurance complement similar lines of coverage; Claims management. Accessed 2026-09-23.