What Are the Key Differences Between Coalition and Corgi Crime Insurance?
Crime Limits and Corgi’s Startup Sublimit
Coalition says Executive Risks, including crime, may offer up to $10 million per coverage line. Corgi’s illustrative policy shows a $1 million per-occurrence and aggregate limit with a $10,000 retention; social-engineering fraud is commonly sublimited to $250,000 when out-of-band vendor-wire checks are documented. Coalition describes crime as theft, fraud and certain cybercrime, subject to exclusions. Choose Coalition if your private or nonprofit organization needs a higher stated crime limit and can buy through an appointed broker; choose Corgi if your startup moves customer funds and the illustrated limits meet its sponsor-bank requirement. [3] [5]
Discovery Trigger and Who Can Buy
Corgi’s form is written on a discovery basis, with an optional discovery period of up to one year after termination, and is positioned for fintechs, payroll companies and marketplaces that move customer funds. Coalition says Executive Risks, including crime, is available to private and not-for-profit U.S. organizations in all 50 states and Washington, D.C., with up to $500 million in assets, up to 1,000 employees, and up to $500 million in plan assets. Coalition’s crime description is theft, fraud and certain cybercrimes, subject to exclusions and limitations; it does not describe a discovery trigger on the reviewed pages. [5] [3]
Issuers and Buying Path
Coalition’s disclaimer names Zurich American Insurance Company as the admitted carrier and says Coalition Insurance Solutions, Inc. also places Executive Risks with unaffiliated non-admitted insurers. Corgi’s disclaimers say coverage may be underwritten through Corgi Insurance Company, Inc. or Technology Risk Retention Group, Inc. Corgi says it can issue a binder the same day with quotes in under 10 minutes; Coalition sells only through appointed brokers. [4] [6] [5] [3]