What Are the Key Differences Between Corgi and Embroker Crime Insurance?
A sponsor bank’s fidelity requirement may make Corgi’s startup focus useful; Embroker gives smaller businesses an additional way to buy crime as an endorsement. Embroker also lists exclusions for income loss and some coordinated executive crime, which deserve a direct check against your exposure. [3] [5]
Standalone Startup Form Versus Policy or Endorsement
Corgi sells standalone Crime & Fidelity to fintechs, payroll companies and marketplaces that move customer funds. Embroker sells standalone crime and says smaller businesses may add it to a BOP or directors and officers policy. Choose Corgi if your fintech or payroll business needs standalone crime for customer funds; choose Embroker if you are a smaller business adding crime to a BOP or D&O policy. [3] [5]
What Each Page Says Is In and Out
Corgi’s standard policy bundles employee dishonesty, social-engineering fraud, computer fraud, funds-transfer fraud, and forgery or alteration. Embroker lists employee theft (including shoplifting, embezzlement and larceny), third-party theft, forgery, digital fraud, money laundering, counterfeit currency and social-engineering fraud, and says the policy excludes loss of income, indirect losses, crimes by executives or partners in coordination with employees, third-party liabilities from crime losses, and cybercrime losses involving stolen patents, trade secrets or customer lists. Corgi’s reviewed crime page does not publish that exclusion list. [3] [5]
Numbers and Fidelity Bonds
Corgi illustrates $1 million occurrence and aggregate with a $10,000 retention and a common $250,000 social-engineering sublimit. Embroker says pricing depends on headcount, locations, revenue, office security and financial controls, that fidelity bonds typically cost 0.5% to 2% of bond value, and it does not publish standard policy limits. Embroker also distinguishes fidelity bonds from crime insurance: it says a crime policy typically carries higher limits, while a fidelity bond can reimburse customers. [3] [5]
What Should You Confirm in Corgi and Embroker Crime Insurance Quotes?
- Ask Embroker whether crime is standalone or a BOP or D&O endorsement, and whether listed exclusions apply. [5]