---
title: "Corgi vs Lockton: D&O Insurance"
description: "Corgi lets startups apply online for a published D&O structure: $1 million per claim, $2 million aggregate and a $25,000 retention, with none on Side A. Lockton designs custom programs, extends cover to trustees, volunteers and spouses, and puts claims counsel on your broking team from the start."
canonical: "https://spot.insure/compare/corgi-vs-lockton/directors-officers"
page-type: "line-comparison"
updated-at: "2026-09-29"
comparison-pair: "corgi-vs-lockton"
provider-a: "corgi"
provider-b: "lockton"
coverage-line: "directors-officers"
---

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[Human-readable page](https://spot.insure/compare/corgi-vs-lockton/directors-officers)

## Agent Guide

**What this page is:** Focused comparison of Corgi and Lockton 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 Corgi versus Lockton. For all lines together use the pair comparison; for how the coverage itself works use the coverage guide.

**Questions this page answers:**
- Corgi vs Lockton for D&O Insurance: how do they differ?
- Which is better for D&O Insurance, Corgi or Lockton?
- What does Corgi or Lockton publish about D&O Insurance (limits, eligibility, claims, add-ons)?

**Key facts:**
- Line: D&O Insurance. Providers: Corgi and Lockton.
- 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:**
- [Corgi vs Lockton](https://spot.insure/compare/corgi-vs-lockton) — all coverage lines for this pair
- [D&O Insurance guide](https://spot.insure/coverage/directors-officers) — how this coverage works
- [Corgi profile](https://spot.insure/insurance-providers/corgi) — provider profile
- [Lockton profile](https://spot.insure/insurance-providers/lockton) — provider profile

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

Lockton arranges D&O programs with options for trustees and employees and provides specialist claims support; Corgi sells startup D&O online with example limits up to $1 million per claim and $2 million total.

Corgi lets startups apply online for a published $1 million D&O policy, while Lockton designs custom D&O programs with claims counsel built into the broking team.

## Corgi vs Lockton D&O Insurance Summary

Corgi lets startups apply online for a published D&O structure: $1 million per claim, $2 million aggregate and a $25,000 retention, with none on Side A. Lockton designs custom programs, extends cover to trustees, volunteers and spouses, and puts claims counsel on your broking team from the start. [1](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups") [2](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance")

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

### Off-the-Shelf Startup Policy vs a Designed Program

Corgi sells D&O standalone or inside stage-based packages from pre-seed and seed, and lists three optional add-ons: outside directorships, crisis PR costs, and investigation costs short of a formal claim. Lockton designs and places programs, citing emerging exposures like AI-related litigation and event-driven claims. Choose Corgi if you're a pre-seed to early-stage startup that needs a first policy with known limits; choose Lockton if you need more than $1 million of cover, are public or preparing to be, or want a tower designed around your board. [1](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups") [2](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance")

### Coverage Details That Change What's Covered

Corgi's form excludes public securities offerings but keeps cover for Regulation D private placements, which is how most startups raise; it covers individuals who get a Wells Notice or subpoena but not regulatory investigations of the company itself. Lockton notes that for public companies, entity (Side C) cover is generally limited to securities claims, while private and nonprofit organizations get broader entity cover. Defense costs sit inside Corgi's limit, so legal bills reduce what's left for a settlement. [1](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups") [2](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance")

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

- Corgi's policy is written by Technology Risk Retention Group, Inc., a risk retention group; ask how it compares with a traditional insurer on your investors' requirements. [1](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups")
- Ask Lockton which insurers it would approach and what limits it recommends; neither is published. [2](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance")
- Ask Corgi whether the entity-investigation exclusion leaves a gap for your sector. [1](https://www.corgi.insure/directors-and-officers "Directors & Officers (D&O) Insurance for Startups")
- Ask Lockton which of trustees, volunteers, spouses and heirs the proposed form insures. [2](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance")

## Corgi vs Lockton D&O Insurance Compared

| Criteria | Corgi Directors & Officers (D&O) | Lockton Directors & Officers (D&O) Insurance Brokerage |
| --- | --- | --- |
| 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. [1](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. [1](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. [1](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..) | Lockton explains a traditional D&O program in three parts it says it can structure: Side A (direct coverage to individual directors/officers when the company can't indemnify them), Side B (reimbursing the company for indemnifying its D&Os), and Side C (entity coverage, generally limited to securities claims for public companies but broader for private and nonprofit organizations). [2](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance") (Evidence: Company-reported; scope: D&O product page as read 2026-09-23. General educational description of program structure, not a specimen policy 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. [1](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..) | Lockton designs and places D&O programs rather than underwriting them, saying effective coverage requires market intelligence, coverage-design precision and staying ahead of emerging risks like AI-related litigation and event-driven claims. [2](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance") (Evidence: Company-reported; scope: D&O product page as read 2026-09-23..) |

## About Corgi and Lockton and D&O Insurance

- [Corgi company profile](https://spot.insure/insurance-providers/corgi) · [Corgi customer reviews](https://spot.insure/insurance-providers/corgi/reviews)
- [Lockton company profile](https://spot.insure/insurance-providers/lockton) · [Lockton customer reviews](https://spot.insure/insurance-providers/lockton/reviews)
- [What Is Directors and Officers Insurance?](https://spot.insure/coverage/directors-officers)

## Related Pages for Corgi vs Lockton D&O Insurance

- [Corgi vs Lockton](https://spot.insure/compare/corgi-vs-lockton): 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.
- [Corgi D&O Insurance](https://spot.insure/insurance-providers/corgi/directors-officers)
- [Lockton D&O Insurance](https://spot.insure/insurance-providers/lockton/directors-officers)

## Sources for Corgi vs Lockton D&O Insurance

### Sources About Corgi

1. [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.

### Sources About Lockton

2. [D&O Insurance](https://global.lockton.com/us/en/products-services/d-and-o-insurance). Lockton; What is D&O insurance?; Side A/B/C coverage components; Who can be covered under a D&O program?; Claims management. 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.

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