What Are the Key Differences Between CFC and Corgi Crime Insurance?
Standalone Form Versus a Package Section
Corgi sells a standalone first-party Crime & Fidelity policy for startups that move customer funds. CFC packages crime with US Management Liability and separately includes employee-infidelity and third-party-fraud cover in a fintech package. Choose Corgi if your fintech, payroll company or marketplace moves customer funds and a standalone policy matters; choose CFC if you meet its company eligibility and want crime in management liability. [8] [5] [3]
Trigger, Limits and Social Engineering
Corgi’s form is written on a discovery basis, so coverage attaches when a loss is discovered during the policy period, with an optional discovery period of up to one year after termination. Its illustrative structure is $1,000,000 per occurrence and aggregate with a $10,000 retention; social-engineering fraud is commonly sublimited to $250,000 and conditioned on out-of-band verification of vendor-wire changes. CFC’s brochure does not publish crime limits or retentions, and it does not describe a discovery trigger or that sublimit. [8] [5]
Who Each Product Speaks To
Corgi positions Crime & Fidelity for fintechs, payroll companies and marketplaces that move customer funds, noting sponsor banks and Banking-as-a-Service partners often require it. CFC’s brochure lists California-domiciled business and US publicly traded companies among declined risks for the management package that carries crime. [8] [5]
Buying Path and Issuers
Corgi says it can issue coverage and a binder the same day, with instant quotes in under 10 minutes online. CFC provides a US claim-notification route and a dedicated adjuster, not a same-day online binder for this line. Corgi’s disclaimers say coverage may be underwritten through affiliated or partner carriers, including Corgi Insurance Company, Inc. or Technology Risk Retention Group, Inc. CFC’s regulatory page does not name the issuer for a given US crime policy. [8] [9] [2] [6]