Corgi is preparing to launch a commercial cyber program in Georgia through its admitted carrier, Corgi Insurance Company.
The August 19 filing represents the insurer’s first commercial cyber program and remains pending approval. Georgia is Corgi Insurance Company’s domicile, and the program has not yet been filed in any other state.
The policy combines three separately priced coverage groups:
- Claims-made liability coverage for network and information security liability, regulatory proceedings, payment card costs, and media liability.
- First-party coverage for cyber extortion, data restoration, business interruption, dependent business interruption, and extra expenses.
- Breach-response expenses.
Optional coverages include computer and funds-transfer fraud, social engineering fraud, brand impersonation and phishing, cryptojacking, system failure, reputational harm, hardware replacement, and criminal rewards.
The program targets 17 industry segments, ranging from retail, hospitality, construction, and professional services to financial services, insurance intermediaries, technology companies, healthcare providers, municipalities, and data processors. Industries are assigned across eight hazard tiers, with public entities and data or payment processors carrying the highest classifications.
Available limits range from $50,000 to $5 million, while accounts with more than $100 million in annual revenue require individual referral. The minimum premium is $1,000.
At the base level—a $1 million aggregate limit, Tier 5 classification, and full prior-acts coverage—combined annual premiums start at $2,117 for businesses with less than $5 million in revenue. A business with revenue between $5 million and $10 million would carry a base premium of $3,425.
The filing follows Corgi’s recent move into admitted commercial general liability coverage in Georgia, offering another look at the products it plans to write through its licensed carrier rather than Technology Risk Retention Group.
For its commercial general liability program, Corgi submitted a me-too filing based on Berkshire Hathaway Direct. For cyber, it is primarily modeling its rates and factors on Tokio Marine HCC, with supplemental inputs from Hartford Steam Boiler, Coalition, and AXIS.
