Corgi vs 
Lockton: How Do They Compare for Fiduciary Liability Insurance?
Corgi includes fiduciary liability in Growth Stage and Custom startup packages and offers an online quote; Lockton brokers policies that can cover the organization, benefit plan, and people managing plan benefits.
Corgi’s CORG-FL-0100 covers specified ERISA claims but excludes settlor acts and government investigations; Lockton describes broader typical coverage including some fines when explicitly stated. 1,4
What Are the Key Differences Between Corgi and Lockton Fiduciary Liability Insurance?
Product Versus Brokerage
Corgi offers fiduciary online as a line in its startup packages. Lockton places coverage for companies and people managing benefit plans, describing typical terms but not identifying the insurers it uses. 1 2 4
Base Coverage Each Side Describes
Corgi’s standard form (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, ESOPs, and multi-employer plans. Lockton says a typical policy it places covers breaches of benefit laws, errors and omissions in plan administration, voluntary compliance loss, and, when explicitly stated, certain fines and penalties such as under HIPAA, the Pension Protection Act, and the ACA. 1 4
Government Investigations as Covered Claims
Corgi says DOL investigations, IRS audits, and HHS inquiries are not covered “Claims” under the standard policy; only a resulting participant lawsuit is a covered claim, and investigation costs themselves are not covered. Lockton’s reviewed fiduciary page does not state whether those government inquiries are treated as covered claims on a typical policy it places. 1 4
HIPAA, ACA, and Civil-Penalty Items
Corgi lists optional HIPAA, ERISA civil-penalty and voluntary-compliance endorsements; Lockton says a typical placed form may cover HIPAA, Pension Protection Act and ACA fines only when the wording expressly grants them. 1 4
What Should You Confirm in Corgi and Lockton Fiduciary Liability Insurance Quotes?
- Ask Lockton whether HIPAA, ACA, and Pension Protection Act fines are scheduled on the form. 4
- Ask Corgi whether voluntary-compliance and ERISA civil-penalty endorsements are attached. 1
- Ask both how the issued form treats DOL, IRS, or HHS inquiries and investigation costs. 1 4
- Ask Lockton who is an insured (organization, plans, spouses, heirs, former-employee consultants, committees) and confirm the same schedule on a Corgi quote. 4 1
Corgi vs Lockton Fiduciary Liability Insurance Compared
Corgi vs Lockton: Fiduciary Liability Insurance: documented features by provider
| Criteria | Corgi Fiduciary Liability | Lockton Fiduciary Liability Insurance Brokerage |
|---|---|---|
| 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. | Lockton says a typical fiduciary liability policy it places covers breaches of benefit laws, errors and omissions in plan administration, voluntary compliance loss, and, when explicitly stated, certain fines and penalties such as under HIPAA, the Pension Protection Act and the ACA. It also notes fiduciary liability is distinct from an ERISA bond, which is legally required and insures plan assets against theft under a crime/fidelity policy, whereas fiduciary liability is not legally required but covers governance and decision-making risk. 4Company-reported. Fiduciary liability product page as read 2026-09-23. General policy-structure description, not a specimen form. |
| 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. | Lockton places fiduciary liability insurance to protect companies and the individuals who manage their employee benefit plans against claims of mismanagement; Lockton is the broker, not the insurer. 4Company-reported. Fiduciary liability product page as read 2026-09-23. |
