Corgi vs 
Lockton Representations and Warranties Insurance
Corgi lists R&W as a 1–14 day specialty; Lockton places RWI with former M&A lawyers and dedicated claims experts after bind.
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. 1,2,3,4,5
What Is Lockton?
Lockton is a privately held insurance brokerage that arranges commercial risk, employee benefits and retirement programs. US pages describe a technology practice and intermediary placement with insurers, not Lockton as the policy’s insurer. 7,8,9
What Is Representations and Warranties Insurance?
Representations and warranties insurance addresses financial loss from inaccuracies in the representations or warranties made in a stock or asset purchase agreement. It doesn't cover issues already known before signing, disputes over the purchase price, or every statement made during diligence. 11,12
Key Differences in Representations and Warranties Insurance
Catalog Turnaround Versus Lawyer Staffing
Corgi quotes R&W in 1–14 days as a specialty coverage outside instant quote. Lockton places RWI rather than underwriting it, staffs former M&A lawyers and transaction advisors, and says a Partner/Associate model provides 24/7 coverage on every deal. 2 10
Indemnity and Escrow Function
Lockton describes RWI as replacing or bolstering seller indemnity or escrow, with an insurer indemnifying the buyer for losses from an unknown breach, and splits seller benefits (faster proceeds, less post-closing exposure, avoiding a guarantee) from buyer benefits (broader protection, faster negotiation, avoiding conflicts when the seller remains involved). Corgi’s sentence does not describe replacing indemnity or those split benefits. 10 6
Claims Support After Bind
Lockton says it provides dedicated transaction-liability claims experts after bind and cites having helped clients settle hundreds of millions of dollars of RWI claims, a company-reported figure. Corgi’s reviewed pages do not describe claims handling or other transaction-specific services for this line, and neither page names the issuing insurer. 10 6 1
What to Confirm in Representations and Warranties Insurance Quotes
- Name Lockton’s RWI market and Corgi’s issuer. 10 1
- Ask whether the policy is meant to replace escrow or sit beside remaining indemnity. 10
- Confirm who handles a claim notice: Lockton’s post-bind experts versus whatever Corgi assigns. 10 6
- Compare Corgi’s 1–14 day quote window with Lockton’s deal-team process, plus limit and retention. 2 10
Offering Details
Corgi vs Lockton Representations and Warranties Insurance: documented features by provider
| Criteria | Corgi Representations and Warranties Insurance | Lockton Representations & Warranties Insurance (RWI) |
|---|---|---|
| Role in This Line | Corgi lists Representations and Warranties insurance as a specialty coverage quoted with a 1-14 day turnaround, not through its instant online quote flow used for CGL, D&O, Tech E&O, and its other core policies. 2,6Company-reported. Homepage and startup-insurance page policy-card labeling as of 2026-09-23. No dedicated product page was found; direct URL guesses (/representations-and-warranties, /representations-warranties) returned 404s. | Lockton's RWI Practice is staffed with former M&A lawyers and transaction advisors who Lockton says use a Partner/Associate model on every deal to provide 24/7 coverage; Lockton places RWI policies rather than underwriting them. 10Company-reported. RWI product page as read 2026-09-23. |
| Issuing Insurer | No page names the carrier that issues Representations and Warranties coverage. Corgi's general disclosures say coverage may be underwritten by affiliated carriers, including Technology Risk Retention Group, or by third-party partner carriers depending on product, jurisdiction, and risk profile, without identifying which applies to this line. 1Not publicly disclosed. Disclaimers page general underwriting disclosure, checked for a line-specific statement and finding none as of 2026-09-23. | The RWI page does not name the insurers underwriting the representations and warranties policies Lockton places. 10Not publicly disclosed. RWI page checked 2026-09-23. |
| Who It’s For | Corgi targets this product at businesses on either side of an M&A transaction (buyer or seller), which is a narrower, transaction-triggered audience than its startup-lifecycle packages built around CGL, D&O, Tech E&O, and Cyber. 2,6Company-reported. Catalog description; no deal-size, industry, or state restrictions are published for this line. | Lockton frames RWI benefits separately for sellers (faster access to sale proceeds, reduced post-closing exposure, avoiding a guarantee) and buyers (broader protection, faster negotiation, avoiding conflicts in deals with meaningful seller participation), meaning both sides of an M&A transaction are the intended buyers of the product. 10Company-reported. RWI product page as read 2026-09-23. |
| Coverage Features | Corgi describes the product as protecting buyers or sellers in M&A transactions against financial loss arising from breaches of representations and warranties in a purchase agreement. 2,6Company-reported. One-sentence catalog description; no policy form, insuring agreement, exclusion, retention, or underwriting-diligence requirement is published for this line. | Lockton describes RWI as a policy used to replace or bolster a seller indemnity or escrow in an M&A transaction, under which an insurer indemnifies the buyer for losses from an unknown breach of a representation or warranty in the deal agreement. 10Company-reported. RWI product page as read 2026-09-23. General description of how the product functions, not a specimen policy. |
| Limits and Retentions | No limit, retention, or illustrative policy structure is published for Representations and Warranties, unlike Corgi's Tech E&O and Umbrella pages, which show example limits. 2,6Not publicly disclosed. Reviewed pages as of 2026-09-23; limits would appear on an actual quote. | Not described in the reviewed sources. |
| Risk Services | The reviewed pages do not describe due-diligence support, deal-team access, or other transaction-specific services tied to this line. 2,6Not found in reviewed sources. Homepage and startup-insurance page as read on 2026-09-23. | Not described in the reviewed sources. |
| How to Apply | Representations and Warranties sits outside Corgi's instant-quote flow; the site groups it with policies quoted in 1-14 days rather than through the self-serve online application used for its core coverages. 2,6Company-reported. Homepage and startup-insurance page policy-card labeling. | Not described in the reviewed sources. |
| Claims Support | Not described in the reviewed sources. | Lockton says it provides dedicated transaction liability claims experts after a policy is bound, and cites having helped clients settle hundreds of millions of dollars of RWI claims to date. 10Company-reported. RWI product page as read 2026-09-23. Aggregate claims-settlement figure is company-reported and not independently verified. |
Full Comparison
More Corgi vs Lockton Comparisons
Other Representations and Warranties Insurance Comparisons
Sources
Corgi
- Disclaimers & Licensing. Corgi Insurance; Carrier Financial Strength; How Insurance Is Provided Through Corgi; Specialty Insurance Carrier and Underwriting Disclosures. Accessed 2026-09-23.
- Corgi Insurance: Startup Insurance, Quoted in Minutes. Corgi Insurance; Explore Our Main Policies list: "1-14 days turnaround Representations and Warranties" card, same coverage description as the startup-insurance page. Accessed 2026-09-23.
- Corgi Insurance Launches Admitted Insurance Carrier. PR Newswire (Corgi press release); Announcement of Corgi Insurance Company, Inc.; planned small-business product classes; guaranty-association eligibility statement. Accessed 2026-09-15.
- NAIC Listing of Companies. National Association of Insurance Commissioners; June 2026 listing, numerical entry 17763 P 1 AZ TECHNOLOGY RRG INC. Accessed 2026-09-15.
- 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.
- Startup Insurance | Corgi Insurance. Corgi Insurance; Specialized Coverages section: "1-14 days turnaround R&W (Representations & Warranties Insurance) — Protects buyers or sellers in M&A transactions against financial loss arising from breaches of representations and warranties in purchase agreements.". Accessed 2026-09-23.
Lockton
- Lockton United States. Lockton; Opening description of independent insurance brokerage for risk, benefits and retirement; Ask an Expert link to contact-us. Accessed 2026-09-16.
- Technology. Lockton; Industry introduction; cyber liability heading; dedicated technology team; listed services including claims advocacy, contract review, directors and officers liability, and international program design; 24/7 service model. Accessed 2026-09-16.
- US Terms of Business. Lockton; Opening entity definition; Surplus Lines; Use of a Particular Insurer; Compensation Disclosure; servicing, claims handling and renewal language in Confidentiality section; Intermediaries. Accessed 2026-09-16.
- Representations & Warranties Insurance | Lockton USA. Lockton; The Certain Solution for Transactional Risk; Why clients consider RWI versus traditional indemnity; Seller/Buyer benefits; Claims. Accessed 2026-09-23.
Representations and Warranties Insurance Guide
- Transaction liability insurance | Representation and indemnities insurance. CFC; What are representations and warranties?; Who should buy representation and warranty insurance?; Available to buyers & sellers; Limited seller security; Is transaction liability insurance available to sellers. Accessed 2026-09-16.
- Mergers & Acquisitions. Beazley; Product overview: buyer and seller protection for inaccuracies in representations or warranties. Accessed 2026-09-16.
