Alliance Risk vs Corgi: How Do They Compare for Fiduciary Liability Insurance?

Alliance Risk helps employers place fiduciary coverage and review existing policies; Corgi offers fiduciary coverage only in its Growth Stage and Custom startup packages.

Alliance Risk targets plan sponsors including multi-employer plans and lists DOL audits among typical cover; Corgi’s CORG-FL-0100 fiduciary form is only in Growth Stage and Custom packages and excludes settlor acts, ESOPs and multi-employer plans. ^1,^4,³

What Are the Key Differences Between Alliance Risk and Corgi Fiduciary Liability Insurance?

Broker Market Versus Startup Package Form

Alliance Risk markets fiduciary liability to specialist carriers and includes multi-employer and union plans among the sponsors it targets. Corgi includes fiduciary only in Growth Stage and Custom packages, not Pre-Seed & Seed or Series A; its page does not identify the policy issuer. ¹ ⁴ ³ ⁵

What Counts as a Claim

Corgi’s standard form CORG-FL-0100 is claims-made and covers ERISA breach claims such as excessive-fee litigation, plan administration errors and late contribution deposits, but excludes settlor acts, ESOPs and multi-employer plans. Corgi says DOL investigations, IRS audits and HHS inquiries are not covered Claims; only a resulting participant lawsuit is, and investigation costs are not covered. Alliance Risk lists DOL audits and penalties as typically covered and targets multi-employer and union plans among other sponsors. ³ ¹

Limits, Deductibles and How You Quote

Corgi shows illustrative limits of up to $1 million per claim and $2 million aggregate, defense inside the limit, and a $25,000 per-claim self-insured retention. Alliance Risk cites deductibles it sees from $5,000 to $50,000 and shared-limit risk in bundled management-liability packages, without publishing a maximum limit. You request a Corgi quote online. Alliance Risk asks for plan type, participants, assets, current coverage, ERISA fidelity-bond status and five-year claims history, and says proposals typically arrive within a few business days. Alliance Risk offers a no-charge existing-policy review; Corgi’s fiduciary page does not describe plan-compliance reviews beyond optional HIPAA, ERISA civil-penalty and voluntary-compliance endorsements. ³ ¹ ²

What Should You Confirm in Alliance Risk and Corgi Fiduciary Liability Insurance Quotes?

Ask Corgi which package tier includes fiduciary and which endorsements are attached. ⁴ ³
If you sponsor a multi-employer plan or need investigation-cost cover, ask both how the quote treats those; Corgi’s standard form excludes them. ³ ¹
Get Alliance Risk’s carrier and whether the fiduciary aggregate is shared. ²
Compare Corgi’s illustrative $25,000 retention with Alliance Risk’s observed deductible range. ³ ¹

Alliance Risk vs Corgi Fiduciary Liability Insurance Compared

Alliance Risk vs Corgi: Fiduciary Liability Insurance: documented features by provider

Criteria	Alliance Risk Fiduciary Liability Insurance	Corgi Fiduciary Liability
Limits and Retentions	Alliance Risk states standard fiduciary liability deductibles it sees range from $5,000 to $50,000, with smaller, lower-risk plans qualifying for lower deductibles and higher deductibles reducing premium at the cost of more out-of-pocket exposure in a claim. ¹Company-reported. Fiduciary liability product page FAQ; illustrative range, not a quote for any particular plan. Alliance Risk says entry-level management-liability packages that bundle fiduciary liability with D&O and EPLI often share a single aggregate limit, so a large D&O or EPLI settlement earlier in the policy year can reduce what is left for a fiduciary claim; it says a specialist broker structures shared versus separate limits to manage that risk. ²Company-reported. Management liability page's discussion of bundled D&O, EPLI and fiduciary programs.	Corgi shows illustrative fiduciary limits of up to $1 million per claim and $2 million aggregate, with defense costs inside the limit and a $25,000 per-claim self-insured retention. ³Company-reported. Fiduciary coverage table, described as illustrative.
How to Apply	For a fiduciary liability quote, Alliance Risk asks for the plan type, number of participants, total assets under management, current coverage and limits, whether an ERISA fidelity bond is in place, and a five-year claims history of DOL audits and participant complaints, and says it typically delivers proposals within a few business days. ¹Company-reported. Fiduciary liability product page, What We Need for Your Quote section; timing is a company estimate, not a guarantee.	You request a Fiduciary quote through Corgi's online "Get a Fiduciary quote" flow, the same self-serve path Corgi uses for its other startup lines. ³Company-reported. Fiduciary product page call to action.
Coverage Features	Alliance Risk lists legal defense costs, settlements and judgments, and Department of Labor audits and penalties as typically covered, responding to claims such as excessive-fee litigation and imprudent investment selection; it says criminal and fraudulent acts, bodily injury and property damage, and employee dishonesty (covered instead by an ERISA fidelity bond) are excluded. ¹Company-reported. Fiduciary liability product page; coverage and exclusions described in general terms, subject to the policy as issued.	The standard policy (CORG-FL-0100) is claims-made and covers ERISA breach-of-fiduciary-duty claims such as excessive-fee litigation, plan administration errors and late deposit of employee contributions, but excludes settlor acts (plan design, amendment or termination decisions), ESOPs and multi-employer plans from the standard form. ³Company-reported. Fiduciary coverage table and scenario/policy notes; illustrative summary, not policy wording. Corgi says DOL investigations, IRS audits and HHS inquiries are not covered "Claims" under the standard fiduciary policy; only a resulting participant lawsuit is a covered claim, and investigation costs themselves are not covered. ³Company-reported. Fiduciary scenario note 3.
Role in This Line	Alliance Risk places fiduciary liability coverage as a broker: it reviews a company's current coverage and markets the risk to carriers that specialize in fiduciary liability. ¹Company-reported. Fiduciary liability product page; Alliance Risk does not underwrite the policy itself.	Corgi sells Fiduciary Liability as part of its Growth Stage and Custom startup packages; it is not included in the Pre-Seed & Seed or Series A package tiers, unlike CGL, D&O, Tech E&O and Cyber. ⁴Company-reported. Homepage package contents as read on 2026-09-23.