---
title: "Corgi vs Marsh Fiduciary Liability Insurance"
description: "Corgi’s form cannot cover investigation costs as claims; Marsh’s FINPRO practice builds programs from limit assessment through claims advocacy."
canonical: "https://spot.insure/compare/corgi-vs-marsh/fiduciary"
page-type: "line-comparison"
updated-at: "2026-09-23"
---

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# Corgi vs Marsh Fiduciary Liability Insurance

Corgi’s form cannot cover investigation costs as claims; Marsh’s FINPRO practice builds programs from limit assessment through claims advocacy.

## Research Scope and Use

Use this comparison to evaluate Corgi and Marsh for Fiduciary Liability Insurance against the same documented criteria. It identifies differences and questions to confirm; it does not select a winner for a particular business. Offering claims are what each provider publishes about this line unless marked otherwise. “Not found” describes the evidence reviewed, not proof that a feature is unavailable. Confirm the insurer, policy wording, limits, retentions, exclusions and cost in an actual quote.

## Summary

Corgi sells a claims-made startup fiduciary form with illustrative $1 million limits and uncovered DOL investigations. Marsh’s FINPRO practice places coverage for plan sponsors, notes the policy typically cannot guarantee benefit payments due, and provides claims advocacy. [6](https://www.corgi.insure/fiduciary-liability "Fiduciary Liability Insurance for Startups") [11](https://www.marsh.com/en/services/financial-professional-liability/expertise/fiduciary.html "Fiduciary liability")

## 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](https://www.corgi.insure/disclaimers "Disclaimers & Licensing") [2](https://www.corgi.insure "Corgi Insurance: Startup Insurance, Quoted in Minutes") [3](https://www.prnewswire.com/news-releases/corgi-insurance-launches-admitted-insurance-carrier-302860246.html "Corgi Insurance Launches Admitted Insurance Carrier") [4](https://content.naic.org/sites/default/files/publication-loc-zu-listing-companies-summary.pdf "NAIC Listing of Companies") [5](https://content.naic.org/insurance-topics/risk-retention-groups "Insurance Topics: Risk Retention Groups")

[Corgi profile](https://spot.insure/insurance-providers/corgi)

## What Is Marsh?

Marsh is a global insurance broker and risk advisor. In the United States it places coverage through core Marsh teams and through Marsh McLennan Agency for many middle-market buyers, including technology, cyber, property, casualty and benefits programs. [7](https://www.marsh.com/en/home.html "Marsh | Leader in risk, strategy, people, and investments") [8](https://www.marsh.com/content/dam/marsh/Documents/PDF/US-en/us-client-compensation-guide.pdf "Compensation guide for US clients") [9](https://www.marsh.com/en/services/marsh-mclennan-agency.html "Marsh McLennan Agency (MMA)") [10](https://www.marsh.com/en/industries/technology.html "Technology | Insurance Broking & Risk Management")

[Marsh profile](https://spot.insure/insurance-providers/marsh)

## What Is Fiduciary Liability Insurance?

Fiduciary liability insurance addresses covered claims alleging breaches of duties in managing employee benefit plans. [13](https://www.dol.gov/sites/dolgov/files/ebsa/employers-and-advisers/guidance/field-assistance-bulletins/erisa-fidelity-bonding-requirements.pdf "Field Assistance Bulletin No. 2008-04: Guidance Regarding ERISA Fidelity Bonding Requirements") [14](https://www.travelers.com/business-insurance/professional-liability-insurance/fiduciary-liability "Fiduciary Liability Insurance")

## Key Differences in Fiduciary Liability Insurance

### Platform Product Versus FINPRO Placement

Corgi sells fiduciary as a later-stage startup package line with an online quote. Marsh’s FINPRO practice places fiduciary liability for retirement plan sponsors and fiduciaries, and Marsh McLennan Agency also lists the line in executive and professional liability. [2](https://www.corgi.insure "Corgi Insurance: Startup Insurance, Quoted in Minutes") [6](https://www.corgi.insure/fiduciary-liability "Fiduciary Liability Insurance for Startups") [11](https://www.marsh.com/en/services/financial-professional-liability/expertise/fiduciary.html "Fiduciary liability") [12](https://www.marshmma.com/us/solutions/executive-and-professional-liability.html "Expert Executive and Professional Liability Insurance")

### What the Policy Will Not Pay

Corgi’s standard form excludes settlor acts, ESOPs, and multi-employer plans and does not treat government investigations as covered claims. Marsh says a typical policy covers defense costs, damages, judgments, and settlements from a fiduciary’s breach of duty or from negligence in administering a benefit plan, but does not cover contractual liability, so it cannot guarantee a plan’s obligation to pay benefits due. [6](https://www.corgi.insure/fiduciary-liability "Fiduciary Liability Insurance for Startups") [11](https://www.marsh.com/en/services/financial-professional-liability/expertise/fiduciary.html "Fiduciary liability")

### Services Around Placement

Corgi’s reviewed fiduciary page does not describe plan-compliance reviews beyond optional HIPAA, ERISA civil-penalty, and voluntary-compliance endorsements. Marsh says FINPRO helps clients identify red flags in fiduciary controls, builds programs from limit assessment to carrier selection, and provides claims advocacy from the outset. [6](https://www.corgi.insure/fiduciary-liability "Fiduciary Liability Insurance for Startups") [11](https://www.marsh.com/en/services/financial-professional-liability/expertise/fiduciary.html "Fiduciary liability")

### Limits You Can See

Corgi publishes illustrative $1 million / $2 million limits and a $25,000 retention. Marsh’s reviewed pages do not publish fiduciary limits or name an insurer; Marsh describes advising on limit assessment and carrier selection. [6](https://www.corgi.insure/fiduciary-liability "Fiduciary Liability Insurance for Startups") [11](https://www.marsh.com/en/services/financial-professional-liability/expertise/fiduciary.html "Fiduciary liability")

## What to Confirm in Fiduciary Liability Insurance Quotes

- Ask Marsh whether contractual-liability wording would leave unpaid benefits outside the policy, separate from Corgi’s investigation-cost gap. [11](https://www.marsh.com/en/services/financial-professional-liability/expertise/fiduciary.html "Fiduciary liability") [6](https://www.corgi.insure/fiduciary-liability "Fiduciary Liability Insurance for Startups")
- Ask Corgi which endorsements sit on the quote. [6](https://www.corgi.insure/fiduciary-liability "Fiduciary Liability Insurance for Startups")
- Ask Marsh which carrier it would select and what limit assessment it used. [11](https://www.marsh.com/en/services/financial-professional-liability/expertise/fiduciary.html "Fiduciary liability")
- Confirm who is insured: Marsh typically includes the sponsor, the plans, and employee fiduciaries who are directors, officers, or employees. [11](https://www.marsh.com/en/services/financial-professional-liability/expertise/fiduciary.html "Fiduciary liability")

## Offering Details

| Criteria | Corgi Fiduciary Liability | Marsh Fiduciary Liability Insurance |
| --- | --- | --- |
| 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. [2](https://www.corgi.insure "Corgi Insurance: Startup Insurance, Quoted in Minutes") (Evidence: Company-reported; scope: Homepage package contents as read on 2026-09-23..) | Marsh's FINPRO (financial and professional) practice places fiduciary liability insurance for retirement plan sponsors and fiduciaries; MMA also lists fiduciary coverage within its executive and professional liability practice. [11](https://www.marsh.com/en/services/financial-professional-liability/expertise/fiduciary.html "Fiduciary liability") [12](https://www.marshmma.com/us/solutions/executive-and-professional-liability.html "Expert Executive and Professional Liability Insurance") (Evidence: Company-reported; scope: Marsh fiduciary liability page and MMA executive and professional liability page..) |
| 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. [6](https://www.corgi.insure/fiduciary-liability "Fiduciary Liability Insurance for Startups") [1](https://www.corgi.insure/disclaimers "Disclaimers & Licensing") (Evidence: Company-reported; scope: Fiduciary product page and general Corgi underwriting disclosure; not specific confirmation of which entity underwrites fiduciary policies..) | The reviewed pages do not name a specific fiduciary liability insurer. Marsh describes its own role as advising on limit assessment and carrier selection, implying the issuing insurer depends on the placement. [11](https://www.marsh.com/en/services/financial-professional-liability/expertise/fiduciary.html "Fiduciary liability") (Evidence: Not publicly disclosed; scope: Fiduciary liability page as read on 2026-09-23..) |
| Who It’s For | Not described in the reviewed sources. | Marsh says a fiduciary liability policy typically insures the sponsor organization, the benefit plans it operates, and plan fiduciaries who are directors, officers or employees of the plan sponsor. [11](https://www.marsh.com/en/services/financial-professional-liability/expertise/fiduciary.html "Fiduciary liability") (Evidence: Company-reported; scope: Fiduciary liability page, Who is covered? FAQ..) |
| 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. [6](https://www.corgi.insure/fiduciary-liability "Fiduciary Liability Insurance for Startups") (Evidence: Company-reported; scope: Fiduciary coverage table and scenario/policy notes; illustrative summary, not policy wording..)<br><br>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. [6](https://www.corgi.insure/fiduciary-liability "Fiduciary Liability Insurance for Startups") (Evidence: Company-reported; scope: Fiduciary scenario note 3..) | Marsh says a fiduciary liability policy typically covers defense costs, damages, judgments and settlements from a fiduciary's breach of duty or from negligence, errors or omissions in administering a benefit plan, but does not cover contractual liability, so it cannot guarantee a plan's obligation to pay benefits due. [11](https://www.marsh.com/en/services/financial-professional-liability/expertise/fiduciary.html "Fiduciary liability") (Evidence: Company-reported; scope: Fiduciary liability page FAQs; illustrative policy description, not a specific policy form..) |
| Limits and Retentions | Corgi shows illustrative fiduciary limits of up to $1 million per claim and $2 million aggregate, with defense costs inside the limit and a $25,000 per-claim self-insured retention. [6](https://www.corgi.insure/fiduciary-liability "Fiduciary Liability Insurance for Startups") (Evidence: Company-reported; scope: Fiduciary coverage table, described as illustrative..) | Not described in the reviewed sources. |
| Risk Services | The reviewed fiduciary page does not describe plan-compliance reviews or fiduciary-training services for policyholders beyond the optional HIPAA, ERISA civil-penalty and voluntary-compliance endorsements. [6](https://www.corgi.insure/fiduciary-liability "Fiduciary Liability Insurance for Startups") (Evidence: Not found in reviewed sources; scope: Fiduciary product page as read on 2026-09-23..) | Marsh says its FINPRO practice helps clients identify red flags in fiduciary controls, builds fiduciary liability programs from limit assessment to carrier selection, and provides claims advocacy to help resolve claims from the outset. [11](https://www.marsh.com/en/services/financial-professional-liability/expertise/fiduciary.html "Fiduciary liability") (Evidence: Company-reported; scope: Fiduciary liability page, Why Marsh section..) |
| 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. [6](https://www.corgi.insure/fiduciary-liability "Fiduciary Liability Insurance for Startups") (Evidence: Company-reported; scope: Fiduciary product page call to action..) | Not described in the reviewed sources. |
| Claims Support | Not described in the reviewed sources. | Marsh describes its claims advocates as helping clients resolve fiduciary liability claims from the onset, without publishing outcome statistics for this line. [11](https://www.marsh.com/en/services/financial-professional-liability/expertise/fiduciary.html "Fiduciary liability") (Evidence: Company-reported; scope: Fiduciary liability page, Why Marsh section..) |

## Full Comparison

- [Corgi vs Marsh](https://spot.insure/compare/corgi-vs-marsh): all coverage lines, business roles, service and claims.
- [What Is Fiduciary Liability Insurance?](https://spot.insure/coverage/fiduciary): Fiduciary liability insurance can help with covered claims alleging that your business or its people breached duties in managing an employee benefit plan.
- [Corgi vs Marsh Crime Insurance](https://spot.insure/compare/corgi-vs-marsh/crime)
- [Corgi vs Marsh Cyber Insurance](https://spot.insure/compare/corgi-vs-marsh/cyber)
- [Corgi vs Marsh D&O Insurance](https://spot.insure/compare/corgi-vs-marsh/directors-officers)
- [Corgi vs Marsh Employment Practices Liability Insurance](https://spot.insure/compare/corgi-vs-marsh/employment-practices)
- [Corgi vs Marsh Media Liability Insurance](https://spot.insure/compare/corgi-vs-marsh/media)
- [Corgi vs Marsh Professional Liability (E&O) Insurance](https://spot.insure/compare/corgi-vs-marsh/professional-errors-omissions)
- [Corgi vs Marsh Tech E&O Insurance](https://spot.insure/compare/corgi-vs-marsh/technology-errors-omissions)
- [Corgi vs Marsh Workers’ Compensation Insurance](https://spot.insure/compare/corgi-vs-marsh/workers-compensation)
- [Alliance Risk vs Corgi Fiduciary Liability Insurance](https://spot.insure/compare/alliance-risk-vs-corgi/fiduciary)
- [Alliance Risk vs Marsh Fiduciary Liability Insurance](https://spot.insure/compare/alliance-risk-vs-marsh/fiduciary)
- [Beazley vs Corgi Fiduciary Liability Insurance](https://spot.insure/compare/beazley-vs-corgi/fiduciary)
- [Beazley vs Marsh Fiduciary Liability Insurance](https://spot.insure/compare/beazley-vs-marsh/fiduciary)
- [Chubb vs Corgi Fiduciary Liability Insurance](https://spot.insure/compare/chubb-vs-corgi/fiduciary)
- [Chubb vs Marsh Fiduciary Liability Insurance](https://spot.insure/compare/chubb-vs-marsh/fiduciary)

## Sources

### Corgi

1. [Disclaimers & Licensing](https://www.corgi.insure/disclaimers). Corgi Insurance; About Corgi; How Insurance Is Provided Through Corgi (Underwriting); Specialty Insurance Carrier and Underwriting Disclosures. Accessed 2026-09-23.
2. [Corgi Insurance: Startup Insurance, Quoted in Minutes](https://www.corgi.insure). Corgi Insurance; Coverage Designed Around Your Startup's Journey: Fiduciary Liability listed only in the Growth Stage and Custom Package tiers. Accessed 2026-09-23.
3. [Corgi Insurance Launches Admitted Insurance Carrier](https://www.prnewswire.com/news-releases/corgi-insurance-launches-admitted-insurance-carrier-302860246.html). PR Newswire (Corgi press release); Announcement of Corgi Insurance Company, Inc.; planned small-business product classes; guaranty-association eligibility statement. Accessed 2026-09-15.
4. [NAIC Listing of Companies](https://content.naic.org/sites/default/files/publication-loc-zu-listing-companies-summary.pdf). National Association of Insurance Commissioners; June 2026 listing, numerical entry 17763 P 1 AZ TECHNOLOGY RRG INC. Accessed 2026-09-15.
5. [Insurance Topics: Risk Retention Groups](https://content.naic.org/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.
6. [Fiduciary Liability Insurance for Startups](https://www.corgi.insure/fiduciary-liability). Corgi Insurance; What's Actually Inside Your Fiduciary Policy (form CORG-FL-0100); Scenario notes; Policy notes; Available Add-ons; FAQ. Accessed 2026-09-23.

### Marsh

7. [Marsh | Leader in risk, strategy, people, and investments](https://www.marsh.com/en/home.html). Marsh; Hero and capability tiles; FAQ: What does Marsh do?; industries served; Is Marsh the same as Marsh McLennan? January 2026 brand change. Accessed 2026-09-16.
8. [Compensation guide for US clients](https://www.marsh.com/content/dam/marsh/Documents/PDF/US-en/us-client-compensation-guide.pdf). Marsh; US broking segments; broker role; retail commissions, client fees, wholesale, insurer consulting, contingent and supplemental commissions; Marsh LLC and Marsh USA LLC; page 3: broker role and Marsh & McLennan Agency segment; page 7: copyright © 2024 Marsh LLC. Accessed 2026-09-16.
9. [Marsh McLennan Agency (MMA)](https://www.marsh.com/en/services/marsh-mclennan-agency.html). Marsh; Middle-market US organizations; wholly-owned subsidiary; business insurance, employee health and benefits, retirement, private client. Accessed 2026-09-16.
10. [Technology | Insurance Broking & Risk Management](https://www.marsh.com/en/industries/technology.html). Marsh; Opening Technology Practice description; practice links including data center insurance, fintech and Stratus; Talk to us. Accessed 2026-09-16.
11. [Fiduciary liability](https://www.marsh.com/en/services/financial-professional-liability/expertise/fiduciary.html). Marsh; Protection, Flexibility, Security summary; FAQs: What is covered under a fiduciary liability policy?; What is not covered?; Who is covered?; Why Marsh. Accessed 2026-09-23.
12. [Expert Executive and Professional Liability Insurance](https://www.marshmma.com/us/solutions/executive-and-professional-liability.html). Marsh McLennan Agency; Our policies include D&O, E&O, EPL, commercial crime/fidelity, network security privacy risk/cyber, fiduciary, media liability, IP, architects and engineers, lawyers professional, and kidnap and ransom. Accessed 2026-09-23.

### Fiduciary Liability Insurance Guide

13. [Field Assistance Bulletin No. 2008-04: Guidance Regarding ERISA Fidelity Bonding Requirements](https://www.dol.gov/sites/dolgov/files/ebsa/employers-and-advisers/guidance/field-assistance-bulletins/erisa-fidelity-bonding-requirements.pdf). U.S. Department of Labor, Employee Benefits Security Administration; Q2 pp.2–3. Accessed 2026-09-16.
14. [Fiduciary Liability Insurance](https://www.travelers.com/business-insurance/professional-liability-insurance/fiduciary-liability). Travelers; What Is Fiduciary Liability Insurance?. Accessed 2026-09-16.

Updated 2026-09-23. 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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