What Are the Key Differences Between Corgi and Coverdash Crime Insurance?
Corgi’s crime form uses a discovery trigger and illustrates $1 million per occurrence and aggregate with a $10,000 retention; Coverdash publishes neither crime limits nor trigger language. Choose Corgi if a sponsor bank or Banking-as-a-Service partner requires crime coverage for your fintech; choose Coverdash if you want its digital broker purchase route and can assess the actual form. [3] [5]
Startup Form Versus Brokered Placement
Corgi sells Crime & Fidelity as first-party coverage that pays the company back when money is stolen through employee theft, social engineering, computer fraud, forgery or funds-transfer fraud. Coverdash arranges commercial crime as a broker rather than an insurer, placing coverage with a carrier under its brokerage terms. [3] [7] [5]
Discovery Trigger and Illustrated Numbers
Corgi’s form is written on a discovery basis, so coverage attaches when a loss is discovered during the period, with an optional one-year discovery period after termination. Corgi’s illustration shows $1 million per occurrence and aggregate and a $10,000 retention, with social-engineering fraud commonly sublimited to $250,000 when out-of-band vendor-wire controls are documented. Coverdash’s crime page does not publish limits, retentions or trigger language. [3] [5]
Fintech Mandate Versus Money-Handlers
Corgi positions the product for fintechs, payroll companies and marketplaces that move customer funds, often because sponsor banks or Banking-as-a-Service partners require it. Coverdash markets commercial crime to any business that handles money, payroll or valuable inventory. [3] [5]
Speed and Issuers
Corgi says it can issue coverage and a binder the same day, with online quotes in under 10 minutes, and disclaimers name Corgi Insurance Company, Inc. or Technology Risk Retention Group, Inc. as possible underwriters. Coverdash describes a fully digital quote-to-purchase process and does not name the crime insurer. Coverdash’s hub lists crime separately from cyber without saying how overlapping funds-transfer claims are coordinated. [3] [4] [5] [6]