The W+in-situ TiC reinforced CoCrFeNiSi0.2 high-entropy alloy coating (The alloy coating) was prepared using laser cladding, and the effect of different annealing temperatures on the microstructure and corrosion resistance of the alloy coating was studied. The results indicated that annealing induces changes in the proportion of FCC and BCC phases in the coating matrix as well as the shape of carbides in the coating. Potentiodynamic polarization and electrochemical impedance experiments in 3.5 wt% NaCl solution revealed that the coating annealed at 1100°C exhibits the best corrosion resistance due to the presence of a single FCC phase and the formation of spherical carbides. Surface morphologies after corrosion showed deeper pits on the coating annealed at 700°C, which exhibited the poorest corrosion resistance due to the combined effects of galvanic and occluded cell corrosion. Potentiodynamic polarization curves demonstrated the presence of passive films on the surfaces of all four samples, and surface scan results after corrosion suggest that the passive film on the coating surface mainly consists of Ti- and W-containing oxides.