What Are the Key Differences Between Chubb and Corgi Crime Insurance?
Named Crime Agreements and Standalone Startup Form
Corgi’s policy reimburses a company for money stolen through employee dishonesty, computer fraud, social engineering and funds-transfer fraud. Chubb’s crime sheet also includes employee theft, client theft and unreimbursed transfer fraud. Choose Chubb if your business fits its under-250-employee and under-$50-million-revenue target and you want digital binding; choose Corgi if your fintech, payroll company or marketplace moves customer funds and needs a standalone form. [5] [4] [3]
Discovery Trigger and Published Dollars
Corgi’s form is written on a discovery basis, 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. Chubb’s product sheet does not publish specific crime limits or retentions and does not describe a discovery trigger. [5] [4]
Who It Is For and How You Bind
Chubb Marketplace’s ForeFront appetite is organizations with fewer than 250 employees and less than $50 million in revenue, with digital quoting and binding. Corgi positions Crime & Fidelity for fintechs, payroll companies and marketplaces that move customer funds, often required by sponsor banks, and says it can issue a binder the same day with quotes in under 10 minutes. [3] [5]
Named Agreements and Issuers
Chubb lists social-engineering fraud, employee theft including temporary and contracted workers, client theft, and funds-transfer fraud unreimbursed by the insured’s bank, and names ACE American and Chubb affiliates. Corgi’s disclaimers say coverage may be underwritten by Corgi Insurance Company, Inc. or Technology Risk Retention Group, Inc. [4] [5] [6]
What Should You Confirm in Chubb and Corgi Crime Insurance Quotes?
- Ask Corgi whether social-engineering is at the $250,000 sublimit and which affiliated carrier writes the policy. [5] [6]
- Confirm you fit Chubb’s ForeFront size band and ask for crime limits the sheet does not publish. [3] [4]
- Confirm whether Corgi’s discovery period after termination is included. [5]
- Ask Chubb whether temporary and contracted workers are included on employee theft. [4]