Corgi vs 
Founder Shield: How Do They Compare for Fiduciary Liability Insurance?
Corgi includes fiduciary in Growth Stage and Custom startup packages and offers an online quote; Founder Shield brokers coverage for 401(k) sponsors and other employee-plan fiduciaries.
Corgi shows illustrative $1 million per-claim/$2 million aggregate limits with a $25,000 retention but excludes ESOPs and multi-employer plans; Founder Shield places coverage with A- or better carriers. 1,5,6
What Are the Key Differences Between Corgi and Founder Shield Fiduciary Liability Insurance?
Online Startup Quote or Broker-Guided Placement
Corgi’s online CORG-FL-0100 quote is available only in Growth Stage and Custom packages. Founder Shield lets you request coverage online or work through an adviser, then shops insurers rated A- or better by AM Best for your industry. Choose Corgi if your startup fits those two package tiers and you want an online quote; choose Founder Shield if you want an adviser to shop its rated carrier panel. 1 2 5 6
Claim Scenarios Versus Form Exclusions
Corgi’s standard form covers excessive-fee litigation, administration errors, and late deposits, and excludes settlor acts, ESOPs, and multi-employer plans. Founder Shield lists risky plan investments, poor investment advice, administrative errors in benefits processing, and improper denial or change of benefits as scenarios the coverage responds to, and distinguishes the line from D&O and general liability. 1 4
What Should You Confirm in Corgi and Founder Shield Fiduciary Liability Insurance Quotes?
- Ask Corgi for the carrier on the declarations and whether defense still erodes the limit. 3 1
- Ask Founder Shield which A-rated market it would approach and the limit and retention on that quote. 6
- If you sponsor an ESOP or multi-employer plan, Corgi’s standard form excludes those; ask Founder Shield whether a placed form would too. 1 4
- Confirm Corgi has moved you into a package that actually includes fiduciary. 2
Corgi vs Founder Shield Fiduciary Liability Insurance Compared
Corgi vs Founder Shield: Fiduciary Liability Insurance: documented features by provider
| Criteria | Corgi Fiduciary Liability | Founder Shield Fiduciary Liability Insurance |
|---|---|---|
| How to Apply | 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. 1Company-reported. Fiduciary product page call to action. | You request Founder Shield Fiduciary Liability Insurance through Founder Shield's website or an insurance advisor rather than binding coverage directly; Founder Shield says its placement team then approaches carriers on the client's behalf. 5,6Company-reported. About-us and carrier-selection pages describe the general placement process, not a line-specific application form. |
| Coverage Features | 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. 1Company-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. 1Company-reported. Fiduciary scenario note 3. | Founder Shield lists claims of risky plan investments, poor investment advice, administrative errors in benefits processing, and improper denial or change of benefits as scenarios fiduciary liability responds to. 4Company-reported. Product page; the issued policy and declarations control actual coverage. Founder Shield distinguishes fiduciary liability from D&O and general liability: it responds to breach-of-fiduciary-duty claims tied to ERISA plan administration, not general management or bodily-injury claims. 4Company-reported. Fiduciary Liability product page. |
| Role in This Line | 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. 2Company-reported. Homepage package contents as read on 2026-09-23. | Founder Shield is a retail insurance brokerage, described on its site as “the innovation arm of The Baldwin Group,” and places Founder Shield Fiduciary Liability Insurance with third-party carriers rather than underwriting the policy itself. 5Company-reported. About-us page; applies to Founder Shield's brokerage model generally, restated here for this line. |
| Issuing Insurer | Corgi's fiduciary product page does not name the issuing insurer. Corgi's disclaimers page says coverage on the platform is underwritten by carrier affiliates or third-party partners depending on the product, jurisdiction and risk, and that the specific carrier appears in the issued policy documents. 1,3Company-reported. Fiduciary product page and general Corgi underwriting disclosure; not specific confirmation of which entity underwrites fiduciary policies. | Founder Shield says it places policies, including Founder Shield Fiduciary Liability Insurance, only with carriers rated A- or better by AM Best, chosen for the client's industry. It does not name the issuing insurer for this line; that depends on which carrier the policy is placed with. 6Company-reported. General carrier-selection FAQ, not specific to this line's placements. |
