What Are the Key Differences Between Corgi and Markel Insurance Tech E&O Insurance?
Instant Quote and Published Limits
Corgi describes a standalone instant-quote policy, with illustrative limits up to $1 million per claim and $2 million aggregate, a $10,000 self-insured retention, and defense costs inside the limit. Markel lists software/SaaS, hardware, and consultants as eligible technology businesses but does not give a comparable limit in its record. Corgi's figures make an initial comparison possible; ask Markel for equivalent per-claim and aggregate amounts and how defense expenses affect them. [4] [6]
Contract, IP, and AI Endorsements
Corgi's standard form excludes claims solely from contract or SLA failure, IP infringement, data-breach liability, and AI-related claims; it offers endorsements for contract/SLA carvebacks, copyright and trademark, AI liability, and subcontracted services. Markel describes professional liability for technology services but does not detail these exclusions or endorsements in its record. A software business should ask Markel for its written treatment of those exposures before treating broad technology wording as equivalent. [4] [6]
Underwriter and Buying Route
Corgi says TRRG primarily underwrites the product, with eligible buyers able to seek admitted A- or better partner paper; it says the instant policy can be quoted and bound online. Markel invites buyers or brokers to contact its underwriting team, without identifying a self-service route in the record. Ask which Markel entity will issue and how long its quote and bind process takes. [4] [3] [6]