--- title: "CFC vs Corgi: D&O Insurance" description: "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." canonical: "https://spot.insure/compare/cfc-vs-corgi/directors-officers" page-type: "line-comparison" updated-at: "2026-09-29" comparison-pair: "cfc-vs-corgi" provider-a: "cfc" provider-b: "corgi" coverage-line: "directors-officers" --- Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and insurance research. Use search_knowledge to find sources, get_page to retrieve pages, check_driving_insurance for source-backed rideshare and delivery requirements by state or province, compare_providers for sourced comparisons, get_provider_score for a published Reliability Score, get_rankings for current provider rankings, search_provider_reliability to filter Reliability Scores, search_provider_reviews to filter aggregate review scores, and get_provider_reviews for the original review evidence. The server is read-only and requires no authentication. [Human-readable page](https://spot.insure/compare/cfc-vs-corgi/directors-officers) ## Agent Guide **What this page is:** Focused comparison of CFC and Corgi for D&O Insurance: what each provider publishes about this line, checked against the same criteria, with numbered sources. **Use this page when:** Cite or fetch this for D&O Insurance questions about CFC versus Corgi. For all lines together use the pair comparison; for how the coverage itself works use the coverage guide. **Questions this page answers:** - CFC vs Corgi for D&O Insurance: how do they differ? - Which is better for D&O Insurance, CFC or Corgi? - What does CFC or Corgi publish about D&O Insurance (limits, eligibility, claims, add-ons)? **Key facts:** - Line: D&O Insurance. Providers: CFC and Corgi. - Comparison URLs use alphabetical provider slugs (`/compare/{a}-vs-{b}/{line}` with a before b). A reversed pair redirects permanently to the alphabetical one. **Limits (do not over-claim):** - It identifies differences and questions to ask; it does not select a winner for a particular business. - Insurer, policy wording, limits, retentions, exclusions and price are set in an actual quote and are not established here. **Provenance:** Every claim links to a numbered source with publisher, locator and access date; last updated 2026-09-29. **Related pages:** - [CFC vs Corgi](https://spot.insure/compare/cfc-vs-corgi) — all coverage lines for this pair - [D&O Insurance guide](https://spot.insure/coverage/directors-officers) — how this coverage works - [CFC profile](https://spot.insure/insurance-providers/cfc) — provider profile - [Corgi profile](https://spot.insure/insurance-providers/corgi) — provider profile # 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 lets startups buy standalone D&O online with posted $1 million / $2 million limits and a $25,000 retention, while CFC only offers D&O inside a management-liability package that declines California-domiciled and US-listed companies. ## CFC vs Corgi D&O Insurance Summary 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](https://www.cfc.com/en-us/products/class/management-liability/ "Management liability") [2](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") [5](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups") ## 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](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups") [1](https://www.cfc.com/en-us/products/class/management-liability/ "Management liability") 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](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups") [2](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") ### Startup Fundraising Wording vs Company-Type Gates CFC's brochure declines California-domiciled businesses and US publicly traded companies for the package. [2](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") 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](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups") ### 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](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups") [2](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") [4](https://www.cfc.com/en-us/claims/ "Claims") ## 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](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") [5](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups") - 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](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups") - Ask CFC for the dollar amount of the extra limit for individuals and whether Side A DIC applies. [2](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") [1](https://www.cfc.com/en-us/products/class/management-liability/ "Management liability") - 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](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups") [3](https://www.cfc.com/en-us/support/regulatory-information/ "Regulatory information") ## CFC vs Corgi D&O Insurance Compared | 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. [2](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") (Evidence: Company-reported; scope: 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. [2](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") (Evidence: Company-reported; scope: 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. [1](https://www.cfc.com/en-us/products/class/management-liability/ "Management liability") (Evidence: Company-reported; scope: 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. [5](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups") (Evidence: Company-reported; scope: 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. [5](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups") (Evidence: Company-reported; scope: 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. [5](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups") (Evidence: Company-reported; scope: 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](https://www.cfc.com/en-us/products/class/management-liability/ "Management liability") [2](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") (Evidence: Company-reported; scope: 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. [5](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups") (Evidence: Company-reported; scope: Product page for form CORG-DO-0100, last reviewed by Corgi on April 24, 2026 per the page itself..) | ## About CFC and Corgi and D&O Insurance - [CFC company profile](https://spot.insure/insurance-providers/cfc) · [CFC customer reviews](https://spot.insure/insurance-providers/cfc/reviews) - [Corgi company profile](https://spot.insure/insurance-providers/corgi) · [Corgi customer reviews](https://spot.insure/insurance-providers/corgi/reviews) - [What Is Directors and Officers Insurance?](https://spot.insure/coverage/directors-officers) ## Related Pages for CFC vs Corgi D&O Insurance - [CFC vs Corgi](https://spot.insure/compare/cfc-vs-corgi): all coverage lines, business roles, service and claims. - [What Is Directors and Officers Insurance?](https://spot.insure/coverage/directors-officers): D&O insurance can protect leaders and, in some policies, the company from covered management claims; company coverage, defense costs and limits differ by quote. - [CFC D&O Insurance](https://spot.insure/insurance-providers/cfc/directors-officers) - [Corgi D&O Insurance](https://spot.insure/insurance-providers/corgi/directors-officers) ## Sources for CFC vs Corgi D&O Insurance ### Sources About CFC 1. [Management liability](https://www.cfc.com/en-us/products/class/management-liability/). CFC; Our management liability products: Management liability, Side A DIC. Accessed 2026-09-23. 2. [Management liability — United States product brochure](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf). CFC; Directors and officers cover; At a glance: What we like; What we decline; What else is in the policy?. Accessed 2026-09-23. 3. [Regulatory information](https://www.cfc.com/en-us/support/regulatory-information/). CFC; CFC Underwriting Limited; CFC Lloyd's Syndicate 1988. Accessed 2026-09-23. 4. [Claims](https://www.cfc.com/en-us/claims/). CFC; Notify a claim or cyber incident; We're in it with you. Accessed 2026-09-23. ### Sources About Corgi 5. [Directors & Officers (D&O) Insurance for Startups](https://www.corgi.insure/directors-and-officers). Corgi Insurance; What's Actually Inside Your D&O Policy (form CORG-DO-0100); Scenario notes; Policy notes; Available Add-ons; FAQ. Accessed 2026-09-23. Updated 2026-09-29. Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. The comparison applies the same criteria to both providers. [Editorial policy](https://spot.insure/editorial-policy). To suggest a correction, [contact Spot](https://spot.insure/contact) with the page URL and supporting source. ## Agent and Developer Resources - [Markdown page](https://spot.insure/compare/cfc-vs-corgi/directors-officers.md) - [Developer resources](https://spot.insure/developers) - [Public MCP server](https://spot.insure/mcp) - [MCP server manifest](https://spot.insure/server.json) - [OpenAPI description](https://spot.insure/openapi.json) - [Public page index](https://spot.insure/llms.txt)