---
title: "Corgi vs Cowbell D&O Insurance"
description: "Corgi underwrites startup D&O at an RRG; Cowbell distributes Zurich Select Plus private-company D&O only to E&S wholesalers."
canonical: "https://spot.insure/compare/corgi-vs-cowbell/directors-officers"
page-type: "line-comparison"
updated-at: "2026-09-23"
---

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# Corgi vs Cowbell D&O Insurance

Corgi underwrites startup D&O at an RRG; Cowbell distributes Zurich Select Plus private-company D&O only to E&S wholesalers.

## Research Scope and Use

Use this comparison to evaluate Corgi and Cowbell for D&O Insurance against the same documented criteria. It identifies differences and questions to confirm; it does not select a winner for a particular business. Offering claims are what each provider publishes about this line unless marked otherwise. “Not found” describes the evidence reviewed, not proof that a feature is unavailable. Confirm the insurer, policy wording, limits, retentions, exclusions and cost in an actual quote.

## Summary

Corgi sells a claims-made D&O form underwritten by Technology Risk Retention Group, Inc., with illustrative $1 million / $2 million limits and a self-serve quote. Cowbell distributes Zurich’s Select Plus Private Company D&O module to appointed Zurich E&S wholesalers for private companies under 250 employees and $50 million in assets; it is not sold direct to businesses. [6](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups") [10](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [9](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus")

## What Is Corgi Insurance?

Corgi Insurance sells commercial coverage to technology startups through stage-based packages (pre-seed and seed, Series A, and growth stage) that combine general liability, directors and officers, technology E&O, cyber, and related lines, alongside a growing small-business product line for other industries. Coverage may be issued by Corgi’s own risk retention group, an affiliated admitted carrier, or a partner insurer, so the issuing entity and available protections depend on the specific product and state. [1](https://www.corgi.insure/disclaimers "Disclaimers & Licensing") [2](https://www.corgi.insure "Corgi Insurance homepage") [3](https://www.prnewswire.com/news-releases/corgi-insurance-launches-admitted-insurance-carrier-302860246.html "Corgi Insurance Launches Admitted Insurance Carrier") [4](https://content.naic.org/sites/default/files/publication-loc-zu-listing-companies-summary.pdf "NAIC Listing of Companies") [5](https://content.naic.org/insurance-topics/risk-retention-groups "Insurance Topics: Risk Retention Groups")

[Corgi profile](https://spot.insure/insurance-providers/corgi)

## What Is Cowbell Insurance?

Cowbell is a specialty-insurance platform and agency focused on cyber risk for small and midsize businesses. Its U.S. catalogue also includes combined Technology E&O and cyber products and a Zurich management-liability offering distributed through appointed wholesalers. [7](https://cowbell.insure/ "Cowbell") [8](https://cowbell.insure/wp-content/uploads/pdfs/CB-US-PrimeTech-Overview-1.pdf "Prime Tech Product Overview") [9](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus")

[Cowbell profile](https://spot.insure/insurance-providers/cowbell)

## What Is Directors and Officers Insurance?

Directors and officers liability insurance addresses covered claims alleging wrongful acts in managing an organization. [11](https://www.thehartford.com/business-insurance/glossary-of-business-insurance-terms "Glossary of Business Insurance Terms")

## Key Differences in D&O Insurance

### How You Reach a Quote

Corgi sells D&O as a standalone startup policy and inside pre-seed and seed packages, with a self-serve online quote. Cowbell’s Private Company D&O is a Zurich Select Plus module that appointed Zurich E&S wholesalers access on a platform; it is not sold direct to businesses. A Corgi buyer can start online; a Cowbell buyer needs that wholesaler path. [6](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups") [10](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises")

### Who Underwrites the Form

Corgi names Technology Risk Retention Group, Inc. as the underwriter. Cowbell and Zurich say Select Plus sits on Zurich admitted paper, but neither source states that Zurich American Insurance Company is the specific issuer for this module. Confirm TRRG on a Corgi quote; ask which Zurich paper would issue the Cowbell module. [6](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups") [10](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [9](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus")

### Stage Window Versus Headcount and Asset Screens

Corgi times packages to pre-seed and seed. Cowbell targets private companies with under 250 employees and under $50 million in assets, in industries such as technology, construction, manufacturing, hospitality and retail. Match Corgi’s stage window against Cowbell’s employee and asset screen before treating the quotes as substitutes. [6](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups") [10](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises")

### How Each Describes Coverage

Corgi splits Side A, Side B and Side C, excludes registered public-securities claims with a Regulation D carve-back, and covers individuals who receive a Wells Notice while excluding entity-level regulatory investigations. Cowbell describes D&O as protecting personal assets of directors and officers and the company’s financial assets against wrongful-act claims. Corgi is mapping form parts; Cowbell is stating who the cover is meant to protect. [6](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups") [10](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises")

## What to Confirm in D&O Insurance Quotes

- Confirm Technology Risk Retention Group, Inc. is the issuer on a Corgi quote and that you can buy an RRG policy in your state. [6](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups")

- Ask whether a Cowbell quote is accessed through an appointed Zurich E&S wholesaler and which Zurich paper would issue the module. [10](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [9](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus")

- Confirm you sit inside Cowbell’s under-250-employee and under-$50 million asset screen, or whether Corgi’s pre-seed package is the relevant path. [10](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [6](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups")

- Get dollar limits from the Cowbell/Zurich quote and compare them with Corgi’s illustrative $1 million / $2 million structure. [10](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [6](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups")

## Offering Details

| Criteria | Corgi Directors & Officers (D&O) | Cowbell / Zurich Select Plus Private Company D&O |
| --- | --- | --- |
| Role in This Line | 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. [6](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..) | Private Company D&O is one module within Cowbell's distribution of Zurich's Select Plus management liability product; Cowbell gives Zurich-appointed E&S wholesalers platform access, and Zurich underwrites the module. Zurich's own page labels this module 'Private Management and Company Liability' rather than plain 'D&O.' [10](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [9](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus") (Evidence: Company-reported; scope: Management liability page intro and module list; Zurich page module-name section..) |
| Issuing Insurer | Corgi's D&O product page states directly that the policy is a claims-made policy underwritten by Technology Risk Retention Group, Inc., a risk retention group. [6](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups") (Evidence: Company-reported; scope: Policy Boundaries section of the D&O product page; this is a line-specific underwriter statement, distinct from Corgi's general multi-entity disclaimer..) | Cowbell and Zurich both say the Select Plus modules, including D&O, are offered on Zurich admitted paper. Zurich's site footer names 'Zurich American Insurance Company' in its copyright notice, but neither page states that entity is the specific policy issuer for this D&O module. [10](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [9](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus") (Evidence: Company-reported; scope: Management liability page intro; Zurich page intro and footer..) |
| Who It’s For | Not described in the reviewed sources. | Cowbell targets this D&O module at private companies with under 250 employees and under $50M in assets, in industries such as technology, construction, manufacturing, hospitality, and retail. [10](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") (Evidence: Company-reported; scope: FAQ 'What size accounts are targeted?' and Target industries list..) |
| Coverage Features | 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. [6](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..)<br><br>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. [6](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..)<br><br>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. [6](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..) | Cowbell describes D&O liability as protecting the personal assets of directors and officers and the company's financial assets against claims alleging wrongful acts in their capacity as directors and officers. [10](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") (Evidence: Company-reported; scope: FAQ 'What is the difference between management liability and D&O?'..) |
| Limits and Retentions | Corgi's illustrative D&O structure shows limits up to $1 million per claim and $2 million in the aggregate, with a $25,000 self-insured retention per claim (no retention on Side A) and defense costs included within the limit. [6](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups") (Evidence: Company-reported; scope: Illustrative policy structure on the product page; actual limits and retentions appear on the declarations..) | Neither the Cowbell page nor Zurich's own Select Plus page, both read in full, publishes D&O limit or retention amounts. [10](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [9](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus") (Evidence: Not publicly disclosed; scope: Cowbell page and Zurich page, both read on 2026-09-23..) |
| Risk Services | Corgi offers three optional D&O endorsements: Outside Directorship (extends coverage to directors and officers serving on outside boards at the company's request), Crisis Event Expense (covers PR and crisis-communications costs after negative publicity), and Investigative Costs (broader coverage for regulatory inquiries short of a formal claim). [6](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups") (Evidence: Company-reported; scope: Available Add-ons section of the product page; endorsement availability varies by jurisdiction and underwriting, and each requires a separate endorsement to apply..) | Cowbell frames D&O coverage as a way to help attract and retain directors and officers by giving them personal-asset protection, and says the product covers legal fees, settlements, and other defense costs for the company and its management. [10](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") (Evidence: Company-reported; scope: FAQ 'Why does my company need management liability coverage?'..) |
| How to Apply | You can request a D&O quote online through Corgi's self-serve application. [6](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups") (Evidence: Company-reported; scope: Product page quote call to action..) | This D&O module is accessed only by appointed Zurich E&S wholesalers through the Cowbell platform's API; it is not sold directly to businesses. [10](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") (Evidence: Company-reported; scope: FAQ 'How can I access the Zurich Select Plus management liability product through Cowbell?'..) |

## Full Comparison

- [Corgi vs Cowbell](https://spot.insure/compare/corgi-vs-cowbell): all coverage lines, business roles, service and claims.
- [What Is Directors and Officers Insurance?](https://spot.insure/coverage/directors-officers): Directors and officers insurance can help pay for covered claims against company leaders over decisions they make in running the business.
- [Corgi vs Cowbell Crime Insurance](https://spot.insure/compare/corgi-vs-cowbell/crime)
- [Corgi vs Cowbell Cyber Insurance](https://spot.insure/compare/corgi-vs-cowbell/cyber)
- [Corgi vs Cowbell Employment Practices Liability Insurance](https://spot.insure/compare/corgi-vs-cowbell/employment-practices)
- [Corgi vs Cowbell Fiduciary Liability Insurance](https://spot.insure/compare/corgi-vs-cowbell/fiduciary)
- [Corgi vs Cowbell Tech E&O Insurance](https://spot.insure/compare/corgi-vs-cowbell/technology-errors-omissions)
- [Alliance Risk vs Corgi D&O Insurance](https://spot.insure/compare/alliance-risk-vs-corgi/directors-officers)
- [Alliance Risk vs Cowbell D&O Insurance](https://spot.insure/compare/alliance-risk-vs-cowbell/directors-officers)
- [Amelia Risk vs Corgi D&O Insurance](https://spot.insure/compare/amelia-risk-vs-corgi/directors-officers)
- [Amelia Risk vs Cowbell D&O Insurance](https://spot.insure/compare/amelia-risk-vs-cowbell/directors-officers)
- [Beazley vs Corgi D&O Insurance](https://spot.insure/compare/beazley-vs-corgi/directors-officers)
- [Beazley vs Cowbell D&O Insurance](https://spot.insure/compare/beazley-vs-cowbell/directors-officers)

## Sources

### Corgi

1. [Disclaimers & Licensing](https://www.corgi.insure/disclaimers). Corgi Insurance Services, Inc.; Carrier Financial Strength (including “federally chartered” and “federal prudential oversight” wording); About Corgi; Licensing; Premium and Payment Disclosures (producer commissions, fees, or other consideration, amounts available on request); Binding Authority and Policy Issuance; page last updated 04/05/26. Accessed 2026-09-15.
2. [Corgi Insurance homepage](https://www.corgi.insure). Corgi Insurance Services, Inc.; Product packages: Cyber and Directors & Officers; Growth Stage and Custom Package; Self-Serve (apply, get quoted in minutes, bind same-day) and Book a Demo paths; Explore Our Main Policies: Commercial General Liability, Crime Insurance, Fiduciary Liability, Hired and Non-Owned Auto (HNOA), Worker’s Compensation; Specialized coverages: Employment Practices Liability (EPLI), K&R (Kidnap & Ransom), Representations and Warranties; Commercial Umbrella Liability; Business Owners Policy (BOP); Coverage sales cards: Media Liability, Medical Malpractice, Miscellaneous E&O; Core Operations: Tech E&O Insurance; Tech & AI Liability product module; Transportation menu: Auto Liability, Contractual Liability Insurance - Cargo; FAQ on cost, claims, and binding; footer entity, program-administrator and issuing-carrier notices. Accessed 2026-09-16.
3. [Corgi Insurance Launches Admitted Insurance Carrier](https://www.prnewswire.com/news-releases/corgi-insurance-launches-admitted-insurance-carrier-302860246.html). PR Newswire (Corgi press release); Announcement of Corgi Insurance Company, Inc.; planned small-business product classes; guaranty-association eligibility statement. Accessed 2026-09-15.
4. [NAIC Listing of Companies](https://content.naic.org/sites/default/files/publication-loc-zu-listing-companies-summary.pdf). National Association of Insurance Commissioners; June 2026 listing, numerical entry 17763 P 1 AZ TECHNOLOGY RRG INC. Accessed 2026-09-15.
5. [Insurance Topics: Risk Retention Groups](https://content.naic.org/insurance-topics/risk-retention-groups). National Association of Insurance Commissioners; Topic page last updated 13 October 2025: member-owned liability insurers formed under state and federal law; may be formed under a state's captive or traditional insurance laws; domiciled in one state and registered in others; treated as multi-state companies subject to modified NAIC accreditation standards. Accessed 2026-09-15.
6. [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.

### Cowbell

7. [Cowbell](https://cowbell.insure/). Cowbell; What We Do; Assess, Insure, Respond and Improve; U.S. navigation; footer legal disclosure. Accessed 2026-09-15.
8. [Prime Tech Product Overview](https://cowbell.insure/wp-content/uploads/pdfs/CB-US-PrimeTech-Overview-1.pdf). Cowbell; PDF pp. 1–4: non-admitted combined Technology E&O and cyber for technology businesses up to $1 billion; up to $5 million; surplus lines in 50 states; edition PRIME TECH US0001 1025. Accessed 2026-09-16.
9. [Small and Midsize Business Management Liability | Zurich Select Plus](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability). Zurich North America; Intro on the Zurich/Cowbell collaboration; module name 'Private Management and Company Liability'; FAQ 'What is the difference between management liability and D&O?' (identical to Cowbell's page); Targeted industries list; footer copyright. Accessed 2026-09-23.
10. [Management liability coverage for small & medium enterprises](https://cowbell.insure/mgmt-liability/). Cowbell; FAQ 'What is the difference between management liability and D&O?' (D&O definition); FAQ 'Why does my company need management liability coverage?' (Protection for Directors and Officers, Legal Expense Coverage, Attracting and Retaining Talent bullets); Target industries list. Accessed 2026-09-23.

### D&O Insurance Guide

11. [Glossary of Business Insurance Terms](https://www.thehartford.com/business-insurance/glossary-of-business-insurance-terms). The Hartford; Directors and Officers Liability Insurance; Errors and Omissions Insurance; Employment Practices Liability Insurance. Accessed 2026-09-16.

Updated 2026-09-23. 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.

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