---
title: "CFC vs Chubb: Representations and Warranties Insurance"
description: "CFC covers more deal sizes in public: up to $50 million per transaction, $150 million excess for certain fundamental representations, and Buyer Protect and Seller Protect for deals under $20 million, placeable after closing. Chubb writes buyer- and seller-side R&W for large US and Canadian multinationals but publishes no limit or retention."
canonical: "https://spot.insure/compare/cfc-vs-chubb/representations-warranties"
page-type: "line-comparison"
updated-at: "2026-09-29"
comparison-pair: "cfc-vs-chubb"
provider-a: "cfc"
provider-b: "chubb"
coverage-line: "representations-warranties"
---

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[Human-readable page](https://spot.insure/compare/cfc-vs-chubb/representations-warranties)

## Agent Guide

**What this page is:** Focused comparison of CFC and Chubb for Representations and Warranties Insurance: what each provider publishes about this line, checked against the same criteria, with numbered sources.

**Use this page when:** Cite or fetch this for Representations and Warranties Insurance questions about CFC versus Chubb. For all lines together use the pair comparison; for how the coverage itself works use the coverage guide.

**Questions this page answers:**
- CFC vs Chubb for Representations and Warranties Insurance: how do they differ?
- Which is better for Representations and Warranties Insurance, CFC or Chubb?
- What does CFC or Chubb publish about Representations and Warranties Insurance (limits, eligibility, claims, add-ons)?

**Key facts:**
- Line: Representations and Warranties Insurance. Providers: CFC and Chubb.
- Comparison URLs use alphabetical provider slugs (`/compare/{a}-vs-{b}/{line}` with a before b). A reversed pair redirects permanently to the alphabetical one.

**Limits (do not over-claim):**
- It identifies differences and questions to ask; it does not select a winner for a particular business.
- Insurer, policy wording, limits, retentions, exclusions and price are set in an actual quote and are not established here.

**Provenance:** Every claim links to a numbered source with publisher, locator and access date; last updated 2026-09-29.

**Related pages:**
- [CFC vs Chubb](https://spot.insure/compare/cfc-vs-chubb) — all coverage lines for this pair
- [Representations and Warranties Insurance guide](https://spot.insure/coverage/representations-warranties) — how this coverage works
- [CFC profile](https://spot.insure/insurance-providers/cfc) — provider profile
- [Chubb profile](https://spot.insure/insurance-providers/chubb) — provider profile

# CFC vs Chubb: How Do They Compare for Representations and Warranties Insurance?

CFC underwrites transaction liability and offers up to $50 million per deal plus smaller Buyer Protect and Seller Protect products; Chubb underwrites R&W for buyer or seller against unknown breaches and defense costs.

CFC publishes R&W capacity of $50 million per deal, $150 million excess for fundamental representations and Buyer and Seller Protect for deals under $20 million, while Chubb writes R&W for large multinationals with no published limit.

## CFC vs Chubb Representations and Warranties Insurance Summary

CFC covers more deal sizes in public: up to $50 million per transaction, $150 million excess for certain fundamental representations, and Buyer Protect and Seller Protect for deals under $20 million, placeable after closing. Chubb writes buyer- and seller-side R&W for large US and Canadian multinationals but publishes no limit or retention. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") [3](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance")

## What Are the Key Differences Between CFC and Chubb Representations and Warranties Insurance?

### Small-Deal Products and Published Capacity vs Large-Multinational Focus

CFC says it can underwrite up to $50 million on one transaction or up to $150 million of excess for certain fundamental representations, and it sells Buyer Protect and Seller Protect for deals under $20 million. It works with private equity firms and strategic buyers and sellers. Chubb's R&W sits in its transactional-risk suite for large US and Canadian multinationals and their brokers, with no published limit, retention or minimum deal size. Choose CFC if your deal is under $20 million or you need excess above a primary R&W policy; choose Chubb if you're a large multinational and its team already covers you. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") [4](https://www.chubb.com/us-en/business-insurance/multinational-for-large-companies.html "Multinational Insurance Coverage and Solutions for Large Accounts") [3](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance")

### Cover in 24 Hours, Even After Closing vs Deal-by-Deal Negotiation

CFC says Buyer Protect can cover a buyer for up to 100% of enterprise value and can be placed within 24 hours of application, including after closing. Chubb says its policy responds above a retention for certain unintentional and unknown breaches, including defense costs, and negotiates each deal individually. If you've already signed or closed without R&W, CFC documents a way to add it. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") [3](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance")

### Contingent Tax Included vs Auction Strategy and Seller Backstop

CFC's core policy covers representations and warranties, contingent tax and other M&A liabilities. Chubb pitches buyer-side cover as protection beyond the indemnity cap and survival period, against a seller that can't pay, and as a way to accept a shorter survival and lower cap in an auction; its seller-side cover backstops the indemnity for PE or VC funds winding down and for minority sellers. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") [3](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance")

## What Should You Confirm in CFC and Chubb Representations and Warranties Insurance Quotes?

- Ask CFC whether you're quoted on its main R&W policy, Buyer Protect, Seller Protect or fundamental-representation excess. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC")
- Ask Chubb for the retention, limit and whether the form is buyer- or seller-side. [3](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance")
- Ask which company issues each policy: whether CFC's is a Lloyd's policy or company-issued, and which Chubb entity would issue. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") [3](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance")
- Check whether your deal size falls under CFC's $20 million Protect threshold. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC")

## CFC vs Chubb Representations and Warranties Insurance Compared

| Criteria | CFC Transaction Liability Insurance | Chubb Representations and Warranties (R&W) Insurance |
| --- | --- | --- |
| How to Apply | For the Buyer Protect and Seller Protect products, CFC says coverage can be placed within 24 hours of receiving the application form, and can be arranged after closing. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") (Evidence: Company-reported; scope: Buyer protect and seller protect key features on the product page..) | R&W insurance is placed through Chubb's transactional risk team working with the deal's buyer, seller and their brokers; the product page directs interested businesses to request a quote. [3](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance") (Evidence: Company-reported; scope: R&W Insurance product page quote call-to-action..) |
| Coverage Features | Beyond its main R&W policy, CFC sells two standalone small-deal products: Buyer Protect, described as covering a buyer for up to 100% of enterprise value, and Seller Protect, described as protecting sellers of small businesses during an M&A transaction. Both are limited to deals under $20 million. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") (Evidence: Company-reported; scope: Product page descriptions and the 'Solutions' section, which caps buyer protect/seller protect at deals under $20m. The page's key-features bullets for these two products use near-identical wording about the buyer bringing a claim, so the exact difference in claims mechanics between the two products was not independently confirmable from this page alone..)<br><br>The core transaction liability policy covers representations and warranties, contingent tax, and other M&A liabilities, and CFC also offers excess coverage layered on top for certain fundamental representations. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") (Evidence: Company-reported; scope: Product page key features and the 'Limit & appetite' section; exact terms are set by the policy as issued..)<br><br>CFC separately offers secondary liquidity solutions for private market investors acquiring, divesting, or restructuring interests in private equity, private credit, or other fund assets, through what it calls a dedicated secondaries underwriting practice. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") (Evidence: Company-reported; scope: Secondary liquidity solutions section of the product page..) | Chubb says the policy protects against financial losses, including defense costs, in excess of a retention, for certain unintentional and unknown breaches of the seller's representations and warranties made in the acquisition or merger agreement. [3](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance") (Evidence: Company-reported; scope: R&W Insurance product page opening description and footnote..)<br><br>For buyer-side policies, Chubb lists benefits including protection beyond the negotiated indemnity cap and survival limitations, protection against a seller's collectability or solvency risk, and support for distinguishing a bid in a competitive auction by requiring shorter survival periods and lower liability caps from the seller. [3](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance") (Evidence: Company-reported; scope: Benefits of a Buyer-Side R&W Insurance Policy section..)<br><br>For seller-side policies, Chubb says the coverage backstops negotiated indemnity obligations, which it calls a key benefit for private equity or venture capital funds at the end of their life cycle, and protects minority or passive sellers concerned about joint and several liability. [3](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance") (Evidence: Company-reported; scope: Benefits of a Seller-Side R&W Insurance Policy section..) |
| Role in This Line | CFC's Transaction Liability practice underwrites representations and warranties (R&W) insurance for M&A deals, available to both buyer-side and seller-side purchasers, alongside standalone small-deal products and secondary liquidity solutions. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") (Evidence: Company-reported; scope: Transaction liability product page overview, describing CFC as a deal facilitator working with private equity firms and strategic buyers and sellers..) | Chubb underwrites representations and warranties (R&W) insurance directly, available to either buyers or sellers in an acquisition or merger transaction. [3](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance") (Evidence: Company-reported; scope: R&W Insurance product page..) |

## About CFC and Chubb and Representations and Warranties Insurance

- [CFC company profile](https://spot.insure/insurance-providers/cfc) · [CFC customer reviews](https://spot.insure/insurance-providers/cfc/reviews)
- [Chubb company profile](https://spot.insure/insurance-providers/chubb) · [Chubb customer reviews](https://spot.insure/insurance-providers/chubb/reviews)
- [What Is Representations and Warranties Insurance?](https://spot.insure/coverage/representations-warranties)

## Related Pages for CFC vs Chubb Representations and Warranties

- [CFC vs Chubb](https://spot.insure/compare/cfc-vs-chubb): all coverage lines, business roles, service and claims.
- [What Is Representations and Warranties Insurance?](https://spot.insure/coverage/representations-warranties): Representations and warranties insurance can cover loss from inaccurate statements in a business purchase agreement; known issues and purchase-price disputes require separate review.
- [CFC Representations and Warranties Insurance](https://spot.insure/insurance-providers/cfc/representations-warranties)
- [Chubb Representations and Warranties Insurance](https://spot.insure/insurance-providers/chubb/representations-warranties)

## Sources for CFC vs Chubb Representations and Warranties Insurance

### Sources About CFC

1. [Transaction liability insurance | Representation and indemnities insurance | CFC](https://www.cfc.com/en-us/products/class/transaction-liability/). CFC; Transaction liability / Seller protect / Buyer protect / Secondary liquidity solutions; Why choose CFC: Solutions, Experience, Limit & appetite, Claims; FAQs. Accessed 2026-09-23.
2. [Regulatory information](https://www.cfc.com/en-us/support/regulatory-information/). CFC; CFC Underwriting Limited; CFC Lloyd's Syndicate 1988. Accessed 2026-09-23.

### Sources About Chubb

3. [Representations and Warranties (R&W) Insurance](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html). Chubb; R&W Policy Highlights; Benefits of a Buyer-Side R&W Insurance Policy; Benefits of a Seller-Side R&W Insurance Policy. Accessed 2026-09-23.
4. [Multinational Insurance Coverage and Solutions for Large Accounts](https://www.chubb.com/us-en/business-insurance/multinational-for-large-companies.html). Chubb; Specialty Coverage list: Representations & Warranties named among specialty coverages for large US and Canadian multinational companies. Accessed 2026-09-23.

Updated 2026-09-29. Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. The comparison applies the same criteria to both providers. [Editorial policy](https://spot.insure/editorial-policy). To suggest a correction, [contact Spot](https://spot.insure/contact) with the page URL and supporting source.

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