Beazley vs 
Corgi: How Do They Compare for Crime Insurance?
Aimed at fintechs, payroll companies and marketplaces, Corgi's standalone Crime & Fidelity policy comes with quotes in under 10 minutes and an illustrative $1,000,000 limit; Beazley underwrites commercial crime for commercial companies, advertising limits up to $25 million.
Beazley writes Commercial Crime for established commercial companies with limits up to $25 million using downloadable application forms. Corgi sells a startup Crime & Fidelity policy, illustrated at $1 million with a $10,000 retention, for fintechs, payroll companies and marketplaces, with online quotes and same-day binders. 1,2
What Are the Key Differences Between Beazley and Corgi Crime Insurance?
Built for Fintech Go-Live vs Larger Commercial Programs
Corgi positions its policy for companies that move customer funds, often because a sponsor bank or Banking-as-a-Service partner requires crime cover before launch, and says it quotes online in under 10 minutes and can bind the same day. Beazley markets Commercial Crime to ordinary commercial companies (banks go to its separate fidelity bonds) and lists downloadable Crime and Social Engineering applications rather than an online quote. Choose Corgi if you are a fintech, payroll or marketplace startup that needs proof of crime cover this week; choose Beazley if you need more than a $1 million limit or cover for client property, in-transit loss and credit-card fraud. 2 1
How Much Limit You Can Get
Beazley advertises limits up to $25 million but publishes no retentions or sublimits. Corgi's illustration is $1 million per occurrence and aggregate with a $10,000 retention, and it says limits scale with payment volume as you grow. 1 2
Wire-Fraud Cover Depends on Your Controls
Both tie social-engineering cover to out-of-band checks on payment instructions. Corgi commonly sublimits it to $250,000 inside the $1 million aggregate and requires documented verification of vendor wire changes. Beazley conditions its fraudulent-instruction agreement on out-of-band authentication but says the condition can be removed, for an extra premium, if you document controls and response plans. 2 1
What Should You Confirm in Beazley and Corgi Crime Insurance Quotes?
- Ask Corgi for the social-engineering sublimit on your quote and which entity issues it; its disclaimers name Corgi Insurance Company, Inc. or Technology Risk Retention Group, Inc. as possible insurers. 2 3
- Ask Beazley for the retention and any sublimits behind the $25 million headline, and the price of removing the out-of-band condition. 1
- Corgi's form is written on a discovery basis with an optional one-year extended reporting window; confirm the trigger on Beazley's form. 2 1
- If a sponsor bank requires crime cover, ask it which limit and form it will accept before you bind. 2
Beazley vs Corgi Crime Insurance Compared
Beazley vs Corgi: Crime Insurance: documented features by provider
| Criteria | Beazley Commercial Crime | Corgi Crime & Fidelity |
|---|---|---|
| Limits and Retentions | Beazley advertises Commercial Crime limits of up to US $25,000,000. The page does not publish retentions, sub-limits by insuring agreement, or a minimum limit. 1Company-reported. Product-page headline limit figure; the page does not split the figure between Commercial Crime and Financial Fidelity Bonds. | Corgi's illustrative Crime & Fidelity structure shows a $1,000,000 per-occurrence and aggregate limit across its insuring agreements, with a $10,000 self-insured retention per occurrence. 2Company-reported. Illustrative policy structure on the product page ('Anatomy of a $1M / $1M / $10K Crime & Fidelity Policy'); actual limits and retentions appear on the declarations and Corgi says standard limits scale with payment volume for growth-stage and at-scale companies. |
| Who It’s For | Beazley markets Commercial Crime to ordinary commercial companies, not to banks or other financial institutions, which it addresses separately through Financial Fidelity Bonds. 1Company-reported. Product page target-customer language; no industry list or size threshold is published. | Corgi positions Crime & Fidelity primarily for fintechs, payroll companies and marketplaces that move customer funds, noting it is frequently required by sponsor banks and Banking-as-a-Service (BaaS) partners before a fintech can go live. 2Company-reported. Industry-applicability section of the product page; other startups can also buy the policy, and eligibility for any given business depends on underwriting. |
| How to Apply | Beazley lists a standalone Crime application, a Massachusetts-specific Crime application and a separate Social Engineering application among its Tools & Resources, distinct from the Financial Fidelity Bond application forms on the same page. 1Company-reported. Tools & Resources section of the product page; the page does not describe an online quote or self-service purchase flow. | Corgi says it can issue Crime & Fidelity coverage and a binder the same day, and offers instant quotes in under 10 minutes through its online application. 2Company-reported. FAQ marketing claims on the product page; quote and bind speed are not independently verified. |
| Coverage Features | Beazley says Commercial Crime protects an organization from loss of money and securities caused by theft by its own employees, plus third-party-related losses such as forgery or alteration, on-premises and in-transit loss, money-order and counterfeit-currency fraud, computer fraud, client-property loss, credit-card fraud and related expense coverage. 1Company-reported. Product-page description of insuring agreements; exclusions, conditions and available sub-limits appear only in the issued policy. Beazley says its Commercial Crime policy includes a fraudulent-instruction (social-engineering) insuring agreement covering losses from wire transfers made on instructions from someone posing as a vendor, client or authorized employee, and that this cover is conditioned on out-of-band authentication of payment instructions. 1Company-reported. Product-page description; Beazley says the out-of-band-authentication condition can be removed for insureds with documented controls and response plans, subject to an additional premium. | The standard policy bundles four insuring agreements: employee dishonesty, social engineering fraud (business email compromise), computer fraud, and funds transfer fraud, plus forgery and alteration of checks or drafts. 2Company-reported. Coverage summary for form CORG-CRM-0100; the illustrated scenarios are examples, not a guarantee of coverage for a specific claim, and the issued policy controls. Social engineering fraud (business email compromise) is commonly sublimited to $250,000 against the $1 million policy aggregate, and Corgi conditions the sublimit on out-of-band verification controls for changes to vendor wire instructions. 2Company-reported. Product-page scenario notes and FAQ; the exact sublimit and required controls are underwriting-dependent and confirmed on the declarations page. Corgi's Crime & Fidelity policy is written on a discovery basis, meaning coverage attaches when a loss is discovered during the policy period regardless of when the underlying dishonest act occurred, and it offers an optional discovery period of up to one year after termination to report a loss. 2Company-reported. Product-page glossary and FAQ description of form CORG-CRM-0100. |
| Role in This Line | Beazley underwrites Commercial Crime insurance for commercial companies. The same product page separately describes Financial Fidelity Bonds, a related but distinct product line for financial institutions. 1Company-reported. Crime and Fidelity product page; distinguishes the commercial-company product from the financial-institution fidelity bond described on the same page. | Corgi sells Crime & Fidelity as a standalone startup policy, describing it as first-party coverage that pays the company back when money (not data) is stolen through employee theft, social engineering, computer fraud, forgery or funds-transfer fraud. 2Company-reported. Product page for form CORG-CRM-0100, last reviewed by Corgi on April 24, 2026 per the page itself. |
