CFC vs 
Corgi: How Do They Compare for D&O Insurance?
Corgi sells startup D&O online with example $1 million per-claim and $2 million total limits; CFC instead includes D&O within a US management-liability package and separately offers Side A DIC excess cover.
Corgi sells startups standalone D&O online, with sample limits of $1 million per claim and $2 million a year and a $25,000 retention. CFC offers D&O only inside its US Management Liability package, which declines California-domiciled and US publicly traded companies. 1,2,5
What Are the Key Differences Between CFC and Corgi D&O Insurance?
Self-Serve Standalone Policy vs a Package Module
Corgi sells D&O on its own or inside stage-based packages starting at pre-seed and seed, and you can quote it yourself online. CFC puts D&O inside a management-liability package, plus a separate Side A DIC policy that sits as excess above D&O you already hold. 5 1 Choose Corgi if you are a pre-seed or seed startup that wants to quote D&O yourself; choose CFC if you are a non-California private company that wants D&O bundled with other management cover or Side A excess over an existing program. 5 2
Startup Fundraising Wording vs Company-Type Gates
CFC's brochure declines California-domiciled businesses and US publicly traded companies for the package. 2 Corgi's policy is written for private fundraising: it excludes registered public offerings but keeps cover for exempt deals such as Regulation D private placements, which is how most startups raise. It also covers individual directors who get a Wells Notice, subpoena or target letter, but not a regulator's investigation of the company itself. 5
Posted Limits vs No Numbers
Corgi shows limits up to $1 million per claim and $2 million a year, a $25,000 retention with none when an individual director is paying, and defense costs that reduce the limit. It adds optional Outside Directorship, Crisis Event Expense and Investigative Costs endorsements. CFC adds an extra limit for individuals but publishes no dollar amounts or retentions; its advantage is a dedicated US claims adjuster. 5 2 4
What Should You Confirm in CFC and Corgi D&O Insurance Quotes?
- If you are California-domiciled or US-listed, ask CFC whether the package is open to you; Corgi's form won't cover a registered public offering either. 2 5
- Ask Corgi whether the $1 million / $2 million structure is what you'll actually be bound at, and whether $1 million is enough once defense costs come out of it. 5
- Ask CFC for the dollar amount of the extra limit for individuals and whether Side A DIC applies. 2 1
- Corgi's policy is issued by Technology Risk Retention Group, Inc., a risk retention group, which isn't covered by state guaranty funds; ask Corgi about its financial backing. CFC doesn't name the issuer of a US D&O policy, so ask. 5 3
CFC vs Corgi D&O Insurance Compared
CFC vs Corgi: D&O Insurance: documented features by provider
| Criteria | CFC Directors & Officers Liability | Corgi Directors & Officers (D&O) |
|---|---|---|
| Coverage Features | CFC says its directors and officers cover includes protection for the entity itself and aims to prevent directors and officers from having to sell personal assets to pay defense costs. 2Company-reported. Brochure's 'Directors and officers cover' description; the issued policy wording determines actual entity and Side B/C coverage terms. CFC's brochure lists an additional limit for insured persons as part of the directors and officers liability section, on top of the package's base limit. 2Company-reported. Brochure's 'What else is in the policy?' list; the dollar amount of that additional limit is not stated on the reviewed pages. CFC separately offers Side A DIC (difference in conditions), which it describes as excess coverage for directors and officers of private and publicly traded organizations, sitting above the primary management-liability D&O cover. 1Company-reported. Management-liability product page; Side A DIC has its own brochure that was not opened for this record, so its terms are not otherwise described here. | The policy has three coverage parts: Side A pays individual directors and officers directly when the company cannot indemnify them and carries no retention; Side B reimburses the company when it does indemnify directors and officers; Side C covers the company entity itself, subject to additional exclusions including intellectual-property claims and contractual liability. 5Company-reported. Coverage summary for form CORG-DO-0100; the issued policy and declarations control. The standard policy excludes claims from registered public securities offerings, but a carve-back preserves coverage for exempt transactions such as Regulation D private placements, which Corgi says covers how most startups raise capital. 5Company-reported. Scenario notes for form CORG-DO-0100; not every fundraising structure automatically qualifies as exempt. Corgi covers individual directors and officers (Sides A and B) who receive a Wells Notice, subpoena or target letter from a regulator, but the standard policy excludes entity-level regulatory investigations of the company itself. 5Company-reported. Policy notes for form CORG-DO-0100; informal inquiries and document requests that don't rise to these triggers are not covered. |
| Role in This Line | CFC includes directors and officers liability inside its US Management Liability package rather than selling it as a standalone product. It separately sells Side A DIC, an excess policy that sits above a company's existing D&O program. 1,2Company-reported. CFC's management-liability product page and brochure; package composition as CFC describes it. | Corgi sells D&O as a standalone startup policy and also bundles it into its stage-based packages starting at pre-seed and seed, describing it as protection for directors and officers against personal financial liability for management decisions. 5Company-reported. Product page for form CORG-DO-0100, last reviewed by Corgi on April 24, 2026 per the page itself. |
