Alliance Risk vs CFC Management Liability Insurance

Alliance Risk is a brokerage. For management liability, it advises clients on whether to buy directors and officers (D&O), employment practices liability (EPLI) and fiduciary liability as a single packaged program or as standalone policies. ³Company-reported. Dedicated management-liability page, accessed 2026-09-23.

CFC sells directors and officers, employment practices, fiduciary and crime coverage together in one US Management Liability package rather than as separate standalone products. CFC separately sells Side A DIC, an excess product for directors and officers only. ^8,9Company-reported. CFC's US management-liability product page and January 2026 brochure; package composition as CFC describes it, not an issued policy.

The management liability page does not name the underwriting insurer or insurers behind a packaged program. As a brokerage, Alliance Risk places the coverage with third-party carriers that vary by client. ³Not publicly disclosed. Dedicated page, accessed 2026-09-23; no insurer or carrier list disclosed.

CFC's regulatory page discloses that CFC Underwriting Limited is FCA-authorized and that CFC's Lloyd's Syndicate 1988 is managed by Asta Managing Agency Ltd, but the reviewed management-liability pages do not name the specific carrier or syndicate that would issue a given US package. ^7,9Not publicly disclosed. Regulatory information page and management-liability brochure as read on 2026-09-23; the insurer identified on an actual quote or declarations page controls.

Alliance Risk recommends turning on each line at a specific trigger: D&O at the company's first priced financing round, EPLI once headcount grows into double digits, and fiduciary liability when a benefits plan such as a 401(k) launches. ³Company-reported. "How to structure the program as you scale" section, aimed at venture-backed companies.

CFC's brochure lists California-domiciled business and US publicly traded companies among the risks it declines for this package, and lists industries it favors, including manufacturing and distribution, technology, professional services, architects and engineers, and non-profits. ⁹Company-reported. Brochure's 'What we like' and 'What we decline' lists; underwriting still applies to any individual business, and the list is not exhaustive.

Alliance Risk describes three core lines inside a management liability program: D&O, EPLI and fiduciary liability, with commercial crime as a common fourth line added to the same program. ³Company-reported. Dedicated page; each core line links out to Alliance Risk's separate line-specific pages for more detail.

Alliance Risk says entry-level packaged programs often share a single aggregate limit across D&O, EPLI and fiduciary, so a large claim on one line can reduce what is left for another line the same policy period. It says a specialist broker can structure shared versus separate limits to avoid that. ³Company-reported. "The shared limit problem" section of the dedicated page.

CFC describes the package as covering directors and officers liability, employment practices liability, fiduciary liability, crime, executive cyber, kidnap and ransom, and executive reputation protection, plus court attendance costs. ^8,9Company-reported. Brochure's opening description and 'What else is in the policy?' list; the actual policy wording and any endorsements control what a given buyer receives.

Alliance Risk publishes indicative annual premium ranges for the packaged program: roughly $5,000-$15,000 at seed (D&O plus EPLI), $15,000-$50,000 at Series A/B (D&O, EPLI and fiduciary), and $50,000-plus at late stage or pre-IPO. It does not publish specific dollar coverage limits or retentions for each stage; those come with a quote. ³Company-reported. "What the package costs by stage" table, described as indicative for venture-backed companies.

The reviewed product page and brochure do not publish per-occurrence or aggregate limits, retentions or premium ranges for the package. The reviewed pages checked did not disclose these figures. ⁹Not publicly disclosed. Product page and brochure as read on 2026-09-23; limits and deductibles appear on the quote and declarations.

Not described in the reviewed sources.

CFC's brochure says the executive reputation protection component includes access to its reputation-management specialists, and its claims page describes a claims team organized by industry and specialization rather than by insurance line. ^9,10Company-reported. Brochure and claims page descriptions of CFC's own services; not an independent measure of service quality.

You apply for management liability by scheduling a consultation with an Alliance Risk advisor, who recommends a packaged program or a standalone approach based on your stage, board composition and financing history. ³Company-reported. Closing call-to-action on the dedicated page.

The reviewed management-liability page and brochure do not describe an online quote or self-service application; they point prospective buyers to CFC's named US Management Liability Team. ⁸Not found in reviewed sources. Product page and brochure as read on 2026-09-23; a broker may have access to a separate application form not reviewed here.

Alliance Risk says that when one event triggers more than one management-liability line, such as an executive's exit that produces both an EPLI charge and a D&O suit against the board, a single packaged program puts one carrier and one defense team on both threads instead of separate insurers disputing which one leads. ³Company-reported. "One event, two policies" section, illustrated with three placement examples Alliance Risk says it has handled.

CFC provides a US claim-notification route by phone, email and online form, and says a dedicated claims adjuster manages a claim from notification through resolution. Margaret Murphy is named as Global Head of Claims. ¹⁰Company-reported. Claims page as read on 2026-09-23; notification channels and role descriptions, not claims-payment outcomes or timing.