What Are the Key Differences Between Alliance Risk and Corgi Crime Insurance?
Same-Day Startup Policy or Brokered Placement
Corgi says you can get an online quote in under 10 minutes and a binder the same day, which matters if a sponsor bank or Banking-as-a-Service partner is holding up your launch until you show proof of crime cover. Alliance Risk names cash-handling businesses, accounting and procurement teams, nonprofits with volunteer financial oversight, and finance, retail, healthcare and logistics firms as typical buyers, and publishes no online quote or bind time. Choose Corgi if you're a fintech, payroll company or marketplace that needs cover fast to go live; choose Alliance Risk if you're a nonprofit, retailer or other cash-handling business that wants a broker to arrange cover, including theft of client property by endorsement. [5] [2]
Discovery Timing and Retention
Both tie cover to when a loss is found. Corgi writes on a discovery basis: a loss found during the policy period is covered even if the theft happened earlier, and you can buy up to one year after termination to report a loss. Alliance Risk says losses not discovered during the policy period are excluded and doesn't mention an extended reporting period. Corgi's example shows a $10,000 retention; Alliance Risk publishes only premium ranges, from $500–$2,000 a year for small businesses. [5] [2]
Payment Fraud Sublimit and Callback Condition
Both list social-engineering fraud. Corgi says it's commonly sublimited to $250,000 and requires documented out-of-band checks before anyone changes vendor wire instructions. Alliance Risk publishes no sublimit or control condition. If your staff can redirect vendor payments, set up callback verification before you apply and check whether $250,000 covers a realistic loss. [5] [2]