What Are the Key Differences Between Corgi and Founder Shield Representations and Warranties Insurance?
Specialty Quote in 1 to 14 Days vs a Broker That Shops Rated Insurers
Corgi quotes R&W as a specialty coverage in 1 to 14 days, outside the instant online flow it uses for its core policies. Founder Shield is a retail broker: you request the line through its website or an advisor, and its placement team approaches insurers rated A- or better by AM Best, a measure of financial strength, chosen for your industry. Choose Founder Shield if you're a PE sponsor, strategic buyer, corporate seller or family business being sold and want insurer quality vetted; ask Corgi only if you're a startup customer who wants a timeline up front. [5] [3] [7] [8]
Named Deal Parties and Breach Examples vs One Sentence
Founder Shield markets R&W to private equity and other financial sponsors, strategic buyers, corporate sellers divesting a unit, and family-owned businesses being sold. It lists financial-statement misstatements, undisclosed tax liabilities, regulatory non-compliance and undisclosed contracts or leases as the seller misrepresentations the policy can cover, mostly for buyers. Corgi says only that the product protects buyers or sellers against loss from breaches in a purchase agreement, with no deal-size, industry or state limits published. [9] [3]
What Should You Confirm in Corgi and Founder Shield Representations and Warranties Insurance Quotes?
- Ask Founder Shield which insurer it selected, and ask Corgi who issues its policy; Corgi's disclosures say only that affiliated or partner insurers may underwrite depending on product and risk. [8] [4]
- Ask which seller-misrepresentation categories the form actually covers. [9]
- Ask Corgi whether 1 to 14 days is quote or bind time, and ask Founder Shield how long its placement takes. [3] [7]
- Compare limit and premium as a percentage of limit; neither publishes them. [9] [5]