Beazley vs 
CFC: How Do They Compare for Tech E&O Insurance?
CFC's Technology package is for start-ups through multinationals, bundling E&O, IP, media and cyber with limits up to $10,000,000. Beazley's MediaTech is a small-business form, sold through placement platforms or by email.
CFC's Technology package names breach-of-contract and IP cover alongside E&O, media and cyber, with up to $10 million and $0-deductible incident response. Beazley's MediaTech bundles the same lines for small businesses, but its sample form excludes patent and trade-secret claims tied to your tech products. 4,5,1,3
What Are the Key Differences Between Beazley and CFC Tech E&O Insurance?
Two Bundles, Different Breadth
Both sell tech E&O inside a bundle, not alone. Beazley's MediaTech is a small-business form with tech E&O, professional E&O, media liability and cyber. CFC's Technology package combines E&O, named breach-of-contract and IP infringement cover, media and cyber, plus incident response on a separate limit with a $0 deductible. Choose CFC if you want a published limit, explicit contract cover or built-in incident response; choose Beazley if you're a small tech business and patent risk isn't a concern. 1 4 5
Intellectual Property
Beazley's sample form covers software copyright but excludes patent infringement and trade-secret misappropriation connected to your tech products. CFC describes cover for copyright and trademark disputes. A patent claim wouldn't be covered on Beazley's sample form. 3 4
Published Limits and Policy Mechanics
CFC publishes a $10 million maximum for E&O, media and cyber. Beazley doesn't publish a maximum, so you only see the number on your quote. Beazley describes claims-made cover with defense costs inside the limit and an optional tail (extra time to report claims after the policy ends). 5 3
What Should You Confirm in Beazley and CFC Tech E&O Insurance Quotes?
- Get patent, trade-secret, copyright and trademark wording on each specimen. 3 4
- Get the limit and deductible from both. 3 5
- Ask each who issues your policy. Beazley's application names Beazley Insurance Company, Inc.; CFC's names CFC Underwriting Limited as administrator but not the insurer or Lloyd's syndicate behind it. 2 6 7
- Ask CFC whether incident response is on your quote, and ask Beazley how to reach its cyber and tech claims team. 5 1
Beazley vs CFC Tech E&O Insurance Compared
Beazley vs CFC: Tech E&O Insurance: documented features by provider
| Criteria | Beazley MediaTech for Small Businesses | CFC Technology Errors & Omissions |
|---|---|---|
| Limits and Retentions | Coverage is claims-made and reported: it responds only to claims first made and reported during the policy period (or a purchased Optional Extension Period), and defense costs reduce the available limit. A buyer can purchase an Optional Extension Period (a tail) for additional premium after non-renewal or cancellation. 3,2Company-reported. Sample policy form F00731; application form repeats the same notice; specific tail pricing and duration are set in the declarations, not disclosed publicly. | CFC publishes a maximum errors & omissions/media/cyber limit of $10,000,000 and a maximum commercial general liability limit of $6,000,000 for this product, with a minimum deductible of $0. 5Company-reported. Brochure 'Limits and deductibles' table; the limit and deductible on an individual policy's declarations control. |
| How to Apply | Beazley's MediaTech application asks for employee count, US and non-US revenue for the last three years, the share of revenue from managed IT services, and answers about ransomware controls such as multi-factor authentication, VPN use, patching cadence and backup frequency. 2Company-reported. Application form F00859, 042022 edition, General Information, Revenue Information and Ransomware Controls sections; a completed application does not establish acceptance. Beazley says small and midsize MediaTech business is placed through third-party placement platforms or by email, with automated processing rather than a direct-to-consumer purchase flow. 1Company-reported. MediaTech product page SME placement paragraph; describes the stated distribution channel only. | The US Technology application asks for company revenue by year, funding-round history, subcontractor and hosting arrangements, and whether multi-factor authentication is enforced for remote network access and email; it is returned to your insurance broker. 6,4Company-reported. Application form Sections 1, 2 and 4; CFC also lists Connect and named API partners as digital trading channels on the product page, which may bypass a paper application for some brokers. |
| Coverage Features | The sample MediaTech form defines two technology-specific triggers: a Tech & Professional Services Wrongful Act (a negligent act, error, omission, misstatement or unintentional breach of contract in rendering Tech Services) and a Tech Product Wrongful Act (a Tech Product that fails to perform as intended, or software copyright infringement). Both are separate from the policy's Media Wrongful Act trigger. 3Company-reported. Sample policy form F00731, 022019 edition, insuring agreements and definitions; the issued policy's wording and any endorsements control. The sample form excludes patent infringement and trade-secret misappropriation connected to Tech Products or other products, even though it insures Tech Product Wrongful Acts generally. 3Company-reported. Sample policy form F00731, 022019 edition, Patent & Misappropriation of Information exclusion; excludes only patent and the described trade-secret scenario, not all IP claims. | CFC describes coverage for financial loss, bodily injury or property damage arising from a technology company's products and services, plus legal liability for breach of client contracts and IP infringement claims such as copyright and trademark disputes. 5Company-reported. Product brochure feature descriptions; exclusions and conditions are set by the policy wording, which was not reviewed. The cyber portion of the policy includes network and privacy liability, business interruption, data rectification and recreation costs, extortion cover, and social engineering coverage, sitting inside the same Technology package rather than as a separate purchase. 5Company-reported. Product brochure 'Comprehensive cyber cover' section. |
| Role in This Line | Beazley sells technology errors and omissions coverage bundled inside MediaTech, a single small-business form that also includes professional E&O, media liability and cyber coverage. It is not offered as a standalone tech E&O policy for this segment. 1Company-reported. US small-business MediaTech product page; does not address Beazley's larger-account technology E&O programs, if any. | CFC's Technology product is a single package policy for technology companies that bundles errors & omissions liability, breach-of-contract cover, IP infringement and media liability, and cyber cover. 4,5Company-reported. Technology product page and US product brochure; the policy as issued controls the exact scope for any one customer. |
