Beazley vs 
Corgi: How Do They Compare for Fiduciary Liability Insurance?
Beazley underwrites fiduciary insurance and publishes its limits; Corgi offers fiduciary coverage only in its Growth Stage and Custom startup packages.
Beazley includes settlor-capacity protection and HIPAA sublimits up to $1 million; Corgi’s CORG-FL-0100 excludes settlor acts, ESOPs and multi-employer plans and excludes investigations as Claims. 1,3
What Are the Key Differences Between Beazley and Corgi Fiduciary Liability Insurance?
Settlor Acts and Investigations
Beazley includes settlor-capacity protection and a $25,000 sublimit for IRS and DOL voluntary-compliance programs other than HIPAA. Corgi excludes plan-design, amendment and termination decisions, and its form treats a DOL investigation, IRS audit or HHS inquiry as outside the definition of a covered Claim. 1 3
How the Product Is Sold
Beazley underwrites standalone fiduciary and ExecuGuard. Corgi sells fiduciary only in Growth Stage and Custom packages, not Pre-Seed & Seed or Series A. Corgi quotes online; Beazley lists an ExecuGuard application. Corgi’s fiduciary page does not name the insurer; Beazley’s Fiduciary page also does not name the Beazley issuing entity. 1 2 4 3 5
Limits on the Public Pages
Beazley advertises limits up to US $20 million plus statutory sublimits including US $1 million for HIPAA claims. 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. Corgi’s form also excludes ESOPs and multi-employer plans; Beazley includes omnibus language intended to cover newly created or acquired plans. Corgi’s page does not describe plan-compliance training beyond optional HIPAA, ERISA civil-penalty and voluntary-compliance endorsements; Beazley includes BeazleySure. 1 3
What Should You Confirm in Beazley and Corgi Fiduciary Liability Insurance Quotes?
- Ask Corgi which endorsements are on the quote and whether investigation costs remain excluded. 3
- Ask Beazley whether the quote is standalone or ExecuGuard and whether settlor-capacity is in the clauses. 1 2
- Compare HIPAA sublimits versus Corgi’s optional HIPAA endorsement. 1 3
- Match Corgi’s illustrative $25,000 retention against Beazley’s optional extra defense limit. 3 1
Beazley vs Corgi Fiduciary Liability Insurance Compared
Beazley vs Corgi: Fiduciary Liability Insurance: documented features by provider
| Criteria | Beazley Fiduciary Liability | Corgi Fiduciary Liability |
|---|---|---|
| Limits and Retentions | Beazley advertises fiduciary limits up to US $20 million, with an optional additional defense limit available; the statutory sublimits described above apply within that overall limit. 1Company-reported. Advertised maximum capacity, not a guaranteed quote amount. | 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 | The Fiduciary page lists a downloadable ExecuGuard application as its Tools & Resources item, rather than a fiduciary-only application. 1Company-reported. Fiduciary product page Tools & Resources section as read on 2026-09-23. | 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 | Beazley explains that fiduciary liability protects the individuals responsible for running employee benefit plans, such as health plans, pension plans and 401(k) accounts, from personal liability if a claim is made against the plan, a personal exposure the page says many plan sponsors don't realize they have. 1Company-reported. Fiduciary product page description; exclusions and conditions are set by the issued policy. The policy includes statutory-claim sublimits of US $250,000 for claims under the Pension Protection Act of 2006, ERISA Section 502(c), Internal Revenue Code Section 4975 and the PPACA, plus a separate US $1,000,000 sublimit for HIPAA claims and up to US $1,000,000 in coverage for HIPAA civil fines. 1Company-reported. Fiduciary product page sublimit list; these sublimits sit inside, and are lower than, the overall policy limit. Beazley includes "omnibus" pension and welfare plan language, a US $25,000 sublimit for IRS and DOL voluntary compliance programs other than HIPAA, and settlor-capacity protection now written into the fiduciary insuring clauses. 1Company-reported. Fiduciary product page feature list; actual plan-coverage scope depends on the issued policy wording. | 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 | Beazley underwrites fiduciary liability coverage for the individuals who administer employer benefit plans, sold standalone on its dedicated Fiduciary page and as one of three coverages bundled in its ExecuGuard package policy alongside D&O and employment practices liability. 1,2Company-reported. US fiduciary liability as described on the two reviewed product pages; does not establish which entity issues a particular policy. | 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. |
