What Are the Key Differences Between Corgi and Newfront Crime Insurance?
Corgi lists named employee-theft, social-engineering, computer-fraud and funds-transfer agreements for startups moving customer funds; Newfront serves private and public companies but groups crime with fidelity and leaves its wording and limit unspecified. Choose Corgi if a sponsor bank requires proof of specific crime protections; choose Newfront if you are a venture-backed or public company seeking its broader Executive Risk service and can review the proposed form before binding. [3] [5]
Form Anatomy Versus a Combined Label
Corgi lists employee dishonesty, social-engineering fraud, computer fraud, funds-transfer fraud and forgery on form CORG-CRM-0100. Newfront lists “Fidelity and Crime” among Executive Risk Key Coverages and does not separately describe those agreements. [3] [5]
Discovery Trigger Versus Unstated Trigger
Corgi’s policy attaches when a loss is discovered during the period, with an optional one-year discovery period after termination. Newfront’s Executive Risk page does not state whether placed crime is discovery, loss-sustained or another trigger. [3] [5]
Fintech Online Bind Versus Seed-to-Public Consultation
Corgi aims the product at fintechs, payroll companies and marketplaces and says it can bind the same day online. Newfront says Executive Risk services private companies from seed through later rounds and more than 500 public companies; you start by requesting a consultation. Newfront also describes a 24/7 dashboard for policies and certificates. [3] [5]
Numbers and Paper
Corgi illustrates $1 million limits, a $10,000 retention and a common $250,000 social-engineering sublimit, and names possible underwriters. Newfront’s page does not publish crime limits or name an insurer. [3] [4] [5]
What Should You Confirm in Corgi and Newfront Crime Insurance Quotes?
- Ask Newfront which carrier issues Fidelity and Crime and which insuring agreements and trigger are on the form. [5]
- Compare that form with Corgi’s discovery basis and $250,000 social-engineering sublimit. [3]
- Confirm Corgi’s issuing entity. [4]
- If you are already public, Newfront describes public-company Executive Risk work; Corgi’s page is still framed around startup fund-flow needs. [5] [3]