Corgi vs Embroker: How Do They Compare for D&O Insurance?

Embroker publishes startup D&O limit examples by funding stage and offers online quotes; Corgi sells a standalone startup policy online with example $1 million per-claim and $2 million total limits.

Corgi suits early startups: its sample D&O policy is $1 million per claim and $2 million total with a $25,000 retention, bought online alone or in a pre-seed or seed package. Embroker publishes limits that grow with your raise, from about $1–2 million to $8–10 million across D&O, EPL and fiduciary. ^1,²

What Are the Key Differences Between Corgi and Embroker D&O Insurance?

Early-Stage Policy vs Limits That Scale With Your Raise

Both sell D&O online, standalone or in a package. Corgi's sample is D&O alone, with defense costs eating into the limit and no retention when the company can't indemnify directors. Embroker's bands combine D&O, EPL and fiduciary: about $1–2 million with a $10–25k retention if you've raised up to $10 million, up to $8–10 million with a $25–75k retention for raises of $100–250 million. Don't read Embroker's top band as D&O-only. Choose Corgi if you're pre-seed or seed and $1 million is enough; choose Embroker if you've raised past about $10 million or want D&O, EPL and fiduciary sized together. ¹ ²

Private-Round Securities Cover vs Insider-Dispute Exclusion

Corgi excludes claims from registered public offerings but keeps cover for exempt raises like Regulation D, which is how most startups raise. Embroker excludes lawsuits between members of the same company, so a co-founder or board fight may not be covered. ¹ ²

Regulator Inquiries and Add-Ons

Corgi covers directors who receive a Wells Notice, subpoena or target letter, but not investigations of the company itself; optional endorsements add outside-board service, crisis PR costs and broader investigation costs. Embroker doesn't describe comparable add-ons. ¹ ²

What Should You Confirm in Corgi and Embroker D&O Insurance Quotes?

Ask Embroker whether D&O shares one limit with EPL and fiduciary in your package. ²
Compare Corgi's $1 million / $2 million structure with Embroker's band for your raise size. ¹ ²
If you worry about co-founder disputes, ask Embroker how the insider exclusion applies; ask Corgi to confirm its Regulation D carve-back. ¹ ²
Corgi's policy is written by Technology Risk Retention Group, a risk retention group; ask how that affects state guaranty-fund protection. ¹

Corgi vs Embroker D&O Insurance Compared

Corgi vs Embroker: D&O Insurance: documented features by provider

Criteria	Corgi Directors & Officers (D&O)	Embroker Directors and Officers Insurance
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. ¹Company-reported. Illustrative policy structure on the product page; actual limits and retentions appear on the declarations.	For its startup package, Embroker publishes illustrative D&O/EPLI/fiduciary limit and retention ranges by funding stage, from roughly $1-2 million in limits with a $10-25k retention for companies raising up to $10 million, up to $8-10 million in limits with a $25-75k retention for companies raising $100-250 million. ²Company-reported. Product-page cost table for the Embroker Startup Package; actual limits, retentions and premiums depend on underwriting.
How to Apply	You can request a D&O quote online through Corgi's self-serve application. ¹Company-reported. Product page quote call to action.	Embroker offers an online quote for D&O coverage through its digital platform, describing underwriting factors including revenue, industry risk and claims history. ²Company-reported. Product-page 'Quick quotes' feature and cost-factor list; no quote was requested during this research.
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. ¹Company-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. ¹Company-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. ¹Company-reported. Policy notes for form CORG-DO-0100; informal inquiries and document requests that don't rise to these triggers are not covered.	Embroker lists coverage for misuse of company funds, misrepresentation of company assets, breach of fiduciary duty, failure to comply with workplace laws and lack of corporate governance. ²Company-reported. Product-page What's covered section; the issued policy and declarations control. Embroker says the policy excludes lawsuits between members of the same company, criminal or deliberately fraudulent activity, prior-knowledge claims, and claims against directors actively engaged in antitrust violations. ²Company-reported. Product-page What's not included section. Embroker structures its D&O policy with three insuring agreements: Side A covers individual directors and officers when the company cannot indemnify them, Side B reimburses the company for indemnifying its leaders, and Side C covers the company itself when it is sued for financial mismanagement. ²Company-reported. Product-page 'What are Side A, B, and C insuring agreements?' section; specific policy structure, not a claim about every insurer's D&O form.
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. ¹Company-reported. Product page for form CORG-DO-0100, last reviewed by Corgi on April 24, 2026 per the page itself.	Embroker sells D&O as a standalone policy and offers to package it with cyber and workers' compensation; it also says EPLI, D&O and related coverages are sometimes bundled into a management liability program. ²Company-reported. Product-page description; not a statement about the issuing insurer.