Corgi vs 
Marsh: How Do They Compare for D&O Insurance?
Marsh brokers D&O for public, private, and nonprofit companies and explains D&O coverage structure; Corgi sells a startup policy online with illustrative limits up to $1 million per claim and $2 million total.
Corgi sells a ready-made startup D&O policy with sample $1 million/$2 million limits that still covers private raises such as Regulation D offerings. Marsh is a broker that places D&O for public, private and nonprofit companies and flags ESG scrutiny as a growing source of claims. 1,2,3
What Are the Key Differences Between Corgi and Marsh D&O Insurance?
Startup Package vs Broker for Every Stage
Corgi sizes its D&O packages for pre-seed and seed, so you know the policy before you quote. 1 Marsh's financial and professional liability practice places D&O for public, private and nonprofit companies, and Marsh McLennan Agency handles middle-market clients; the insurer is named only on your quote. 2 3 Choose Corgi if you're a pre-seed or seed startup that wants a standard policy fast; choose Marsh if you're public, a nonprofit or a middle-market company that needs a broker to shop and structure coverage. 1 2
Fundraising Claims vs Public-Company Securities Claims
Corgi's policy excludes claims tied to registered public offerings but carves back exempt raises such as Regulation D, which is how most startups raise, so claims from those investors stay covered. 1 Marsh notes that Side C (cover for the company itself) is generally limited to securities claims for public companies, so a public company's own non-securities suits may not be covered there. 2
What Should You Confirm in Corgi and Marsh D&O Insurance Quotes?
- Corgi's policy is claims-made and issued by Technology Risk Retention Group, Inc., a risk retention group; confirm it's available in your state. 1
- Ask Marsh whether you'll be handled by its financial and professional liability practice or MMA's middle-market team, and which insurer would issue. 2 3
- Ask Marsh whether Side C is limited to securities claims and how ESG-related claims are treated. 2
- Compare Corgi's sample $1 million/$2 million limits with the limit on the Marsh quote. 1 2
Corgi vs Marsh D&O Insurance Compared
Corgi vs Marsh: D&O Insurance: documented features by provider
| Criteria | Corgi Directors & Officers (D&O) | Marsh Directors and Officers Liability (D&O) Insurance |
|---|---|---|
| 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. | Marsh says D&O insurance typically has three coverage sides: Side A protects directors' and officers' personal assets when the organization cannot or will not indemnify them; Side B reimburses the organization for indemnifying directors and officers; Side C offers balance-sheet protection when the entity itself is named, generally limited to securities claims for public companies. 2Company-reported. Marsh D&O page FAQ; illustrative policy structure, not a specific policy form. Marsh says ESG-related stakeholder scrutiny, covering areas such as carbon emissions, renewable-energy use, labor practices, board diversity and executive compensation, can add regulatory, legislative or litigation pressure on directors and officers beyond traditional D&O exposures. 2Company-reported. Marsh D&O page, What other risks do directors and officers face? section. |
| 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. | Marsh's financial and professional liability practice places D&O insurance for public, private and non-profit companies; MMA also places D&O coverage within its executive and professional liability practice for middle-market clients. 2,3Company-reported. Marsh D&O page and MMA executive and professional liability page. |
