Corgi Insurance

Product Introduction

1. Definition: Corgi Insurance is a full-stack insurtech carrier specializing in commercial insurance for startups. It directly underwrites and issues policies digitally, bypassing brokers.
2. Core Value Proposition: It eliminates traditional insurance friction by providing instant, modular coverage for startups at competitive pricing, accelerating policy issuance for critical business milestones like funding rounds or enterprise contracts.

Main Features

1. Automated Underwriting Engine: Uses AI-driven risk assessment algorithms to analyze startup data (industry, revenue, team size) in real-time, generating instant quotes without manual intervention.
2. Stage-Specific Coverage Bundles:
   • Pre-Seed & Seed: Core protections (CGL, D&O, Tech E&O, Cyber) via standardized underwriting templates.
   • Series A: Adds Media Liability and EPLI with dynamic limit adjustments based on funding status.
   • Growth Stage: Integrates Fiduciary Liability using API-driven data syncs with HR/finance tools.
3. Modular Policy Management: Startups toggle coverage modules (e.g., Cyber, D&O) on/off via self-service dashboard, with automated limit scaling and real-time COI (Certificate of Insurance) generation.

Problems Solved

1. Pain Point: Weeks-long broker negotiations delaying contract signings or funding closings.
2. Target Audience: Tech founders, startup CFOs, and scaling SaaS companies needing rapid, adaptable coverage.
3. Use Cases:
   • Securing enterprise contracts requiring immediate COI issuance.
   • Meeting investor D&O insurance mandates pre-funding round.
   • Adjusting EPLI/Cyber coverage post-hiring surge or product launch.

Unique Advantages

1. Differentiation: 90% faster policy issuance than traditional brokers at ~10% of the cost, validated by user testimonials (e.g., Pax YC S24).
2. Key Innovation: Proprietary "coverage toggle" architecture enabling real-time policy adjustments without re-underwriting, reducing administrative overhead.

Frequently Asked Questions (FAQ)

1. How fast does Corgi Insurance issue policies?
   Policies and COIs generate instantly post-underwriting, enabling same-day contract signings.
2. What startups qualify for Corgi’s coverage?
   Pre-revenue to Series B tech startups in supported jurisdictions (e.g., SaaS, AI, fintech).
3. Can I customize Corgi’s insurance packages?
   Yes, modular design allows adding/removing coverage (e.g., Cyber, Media Liability) via digital dashboard.
4. Is Corgi Insurance a broker or carrier?
   As a full-stack carrier, Corgi underwrites and issues policies directly, eliminating broker fees.
5. How does Corgi’s pricing compare to traditional providers?
   Automated underwriting reduces costs by 50-90% versus legacy brokers for equivalent coverage limits.