---
title: "CFC vs Corgi Representations and Warranties Insurance"
description: "CFC underwrites R&W with published $50 million capacity; Corgi lists a 1–14 day specialty quote without naming a carrier."
canonical: "https://spot.insure/compare/cfc-vs-corgi/representations-warranties"
page-type: "line-comparison"
updated-at: "2026-09-23"
---

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# CFC vs Corgi Representations and Warranties Insurance

CFC underwrites R&W with published $50 million capacity; Corgi lists a 1–14 day specialty quote without naming a carrier.

## Research Scope and Use

Use this comparison to evaluate CFC and Corgi for Representations and Warranties Insurance against the same documented criteria. It identifies differences and questions to confirm; it does not select a winner for a particular business. Offering claims are what each provider publishes about this line unless marked otherwise. “Not found” describes the evidence reviewed, not proof that a feature is unavailable. Confirm the insurer, policy wording, limits, retentions, exclusions and cost in an actual quote.

## Summary

CFC underwrites transaction liability, including Buyer Protect and Seller Protect for deals under $20 million. Corgi catalogs R&W as a specialty product quoted in 1–14 days and does not name an issuing insurer. [5](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") [7](https://www.corgi.insure "Corgi Insurance: Startup Insurance, Quoted in Minutes") [11](https://www.corgi.insure/startup-insurance "Startup Insurance | Corgi Insurance")

## What Is CFC Insurance?

CFC provides specialty insurance through an MGA model, with technology products for startups through multinational businesses. Its U.S. technology materials describe combined liability and cyber protection, while California eligibility requires product-specific confirmation. [1](https://www.cfc.com/en-us/company/ "About CFC") [2](https://www.cfc.com/en-us/products/industry/technology/ "Technology") [3](https://webcdn.cfc.com/media/ywdbvkpy/technology_product-brochure_us_0525_v2.pdf "Technology — United States product brochure") [4](https://www.cfc.com/en-us/support/regulatory-information/ "Regulatory information")

[CFC profile](https://spot.insure/insurance-providers/cfc)

## What Is Corgi Insurance?

Corgi Insurance sells commercial coverage to technology startups through stage-based packages (pre-seed and seed, Series A, and growth stage) that combine general liability, directors and officers, technology E&O, cyber, and related lines, alongside a growing small-business product line for other industries. Coverage may be issued by Corgi’s own risk retention group, an affiliated admitted carrier, or a partner insurer, so the issuing entity and available protections depend on the specific product and state. [6](https://www.corgi.insure/disclaimers "Disclaimers & Licensing") [7](https://www.corgi.insure "Corgi Insurance: Startup Insurance, Quoted in Minutes") [8](https://www.prnewswire.com/news-releases/corgi-insurance-launches-admitted-insurance-carrier-302860246.html "Corgi Insurance Launches Admitted Insurance Carrier") [9](https://content.naic.org/sites/default/files/publication-loc-zu-listing-companies-summary.pdf "NAIC Listing of Companies") [10](https://content.naic.org/insurance-topics/risk-retention-groups "Insurance Topics: Risk Retention Groups")

[Corgi profile](https://spot.insure/insurance-providers/corgi)

## What Is Representations and Warranties Insurance?

Representations and warranties insurance addresses financial loss from inaccuracies in the representations or warranties made in a stock or asset purchase agreement. It doesn't cover issues already known before signing, disputes over the purchase price, or every statement made during diligence. [12](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance") [13](https://www.beazley.com/en-us/products/executive-risk-usa/mergers-acquisitions "Mergers & Acquisitions")

## Key Differences in Representations and Warranties Insurance

### Who Carries the Risk

CFC’s Transaction Liability practice underwrites R&W for buyer-side and seller-side purchasers, stating it can put up to $50 million on a single deal and up to $150 million of excess on certain fundamental representations. Corgi lists the same line as a specialty coverage and does not say whether it underwrites the risk or places it. [5](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") [11](https://www.corgi.insure/startup-insurance "Startup Insurance | Corgi Insurance")

CFC says it writes this business for Lloyd’s syndicates and insurers rated A or better by AM Best. Corgi’s reviewed disclaimers do not name a carrier for this line and only describe affiliated or partner insurers in general terms. [5](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") [6](https://www.corgi.insure/disclaimers "Disclaimers & Licensing")

### Small-Deal Products Versus a Catalog Card

CFC sells standalone Buyer Protect and Seller Protect products, each described as limited to deals under $20 million, with placement possible within 24 hours of an application and after closing. Corgi’s homepage and startup pages give a one-sentence definition of buyer or seller protection and publish no deal-size band, policy structure, or turnaround shorter than the 1–14 day specialty window. [5](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") [7](https://www.corgi.insure "Corgi Insurance: Startup Insurance, Quoted in Minutes")

### Claims Handling and Deal Services

CFC describes a dedicated transaction-liability claims team in London and New York that aims to acknowledge notice within 24 hours. Corgi’s reviewed pages do not describe claims handling, due-diligence support, or other transaction services for this line. [5](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") [11](https://www.corgi.insure/startup-insurance "Startup Insurance | Corgi Insurance")

## What to Confirm in Representations and Warranties Insurance Quotes

- Ask CFC which product is being quoted: the core transaction-liability policy, Buyer Protect, Seller Protect, or a secondary-liquidity placement, and the named syndicate or company. [5](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC")
- Ask Corgi who issues the policy and whether the 1–14 day window is a bind timeline or only a quote timeline. [7](https://www.corgi.insure "Corgi Insurance: Startup Insurance, Quoted in Minutes") [6](https://www.corgi.insure/disclaimers "Disclaimers & Licensing")
- Compare limits and retentions; CFC publishes $50 million / $150 million excess figures, while Corgi publishes none. [5](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") [11](https://www.corgi.insure/startup-insurance "Startup Insurance | Corgi Insurance")
- Confirm whether CFC’s small-deal products still apply if enterprise value is over $20 million, and whether Corgi will underwrite or only broker that size. [5](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") [11](https://www.corgi.insure/startup-insurance "Startup Insurance | Corgi Insurance")

## Offering Details

| Criteria | CFC Transaction Liability Insurance | Corgi Representations and Warranties Insurance |
| --- | --- | --- |
| 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. [5](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..) | Corgi lists Representations and Warranties insurance as a specialty coverage quoted with a 1-14 day turnaround, not through its instant online quote flow used for CGL, D&O, Tech E&O, and its other core policies. [7](https://www.corgi.insure "Corgi Insurance: Startup Insurance, Quoted in Minutes") [11](https://www.corgi.insure/startup-insurance "Startup Insurance | Corgi Insurance") (Evidence: Company-reported; scope: Homepage and startup-insurance page policy-card labeling as of 2026-09-23. No dedicated product page was found; direct URL guesses (/representations-and-warranties, /representations-warranties) returned 404s..) |
| Issuing Insurer | CFC says it underwrites transaction liability business on behalf of Lloyd's of London syndicates and insurance companies rated 'A' or better by AM Best, without naming a specific carrier for any individual deal. [5](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") (Evidence: Company-reported; scope: Limit & appetite section of the product page; the specific carrier for a given policy would appear on that policy's documents..) | No page names the carrier that issues Representations and Warranties coverage. Corgi's general disclosures say coverage may be underwritten by affiliated carriers, including Technology Risk Retention Group, or by third-party partner carriers depending on product, jurisdiction, and risk profile, without identifying which applies to this line. [6](https://www.corgi.insure/disclaimers "Disclaimers & Licensing") (Evidence: Not publicly disclosed; scope: Disclaimers page general underwriting disclosure, checked for a line-specific statement and finding none as of 2026-09-23..) |
| Who It’s For | Not described in the reviewed sources. | Corgi targets this product at businesses on either side of an M&A transaction (buyer or seller), which is a narrower, transaction-triggered audience than its startup-lifecycle packages built around CGL, D&O, Tech E&O, and Cyber. [7](https://www.corgi.insure "Corgi Insurance: Startup Insurance, Quoted in Minutes") [11](https://www.corgi.insure/startup-insurance "Startup Insurance | Corgi Insurance") (Evidence: Company-reported; scope: Catalog description; no deal-size, industry, or state restrictions are published for this line..) |
| 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. [5](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. [5](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. [5](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..) | Corgi describes the product as protecting buyers or sellers in M&A transactions against financial loss arising from breaches of representations and warranties in a purchase agreement. [7](https://www.corgi.insure "Corgi Insurance: Startup Insurance, Quoted in Minutes") [11](https://www.corgi.insure/startup-insurance "Startup Insurance | Corgi Insurance") (Evidence: Company-reported; scope: One-sentence catalog description; no policy form, insuring agreement, exclusion, retention, or underwriting-diligence requirement is published for this line..) |
| Limits and Retentions | CFC says it can underwrite up to $50 million of limit on a single transaction, or up to $150 million of excess coverage for certain fundamental representations. [5](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") (Evidence: Company-reported; scope: Limit & appetite section of the product page..) | No limit, retention, or illustrative policy structure is published for Representations and Warranties, unlike Corgi's Tech E&O and Umbrella pages, which show example limits. [7](https://www.corgi.insure "Corgi Insurance: Startup Insurance, Quoted in Minutes") [11](https://www.corgi.insure/startup-insurance "Startup Insurance | Corgi Insurance") (Evidence: Not publicly disclosed; scope: Reviewed pages as of 2026-09-23; limits would appear on an actual quote..) |
| Risk Services | Not described in the reviewed sources. | The reviewed pages do not describe due-diligence support, deal-team access, or other transaction-specific services tied to this line. [7](https://www.corgi.insure "Corgi Insurance: Startup Insurance, Quoted in Minutes") [11](https://www.corgi.insure/startup-insurance "Startup Insurance | Corgi Insurance") (Evidence: Not found in reviewed sources; scope: Homepage and startup-insurance page as read on 2026-09-23..) |
| 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. [5](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..) | Representations and Warranties sits outside Corgi's instant-quote flow; the site groups it with policies quoted in 1-14 days rather than through the self-serve online application used for its core coverages. [7](https://www.corgi.insure "Corgi Insurance: Startup Insurance, Quoted in Minutes") [11](https://www.corgi.insure/startup-insurance "Startup Insurance | Corgi Insurance") (Evidence: Company-reported; scope: Homepage and startup-insurance page policy-card labeling..) |
| Claims Support | CFC has a dedicated transaction liability claims team in its London and New York offices, says it has handled nearly 300 claims to date, and aims to send an acknowledgement within 24 hours of a claim notification. [5](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") (Evidence: Company-reported; scope: Claims section of the product page; outcome statistics are company-reported and not independently verified..) | Not described in the reviewed sources. |

## Full Comparison

- [CFC vs Corgi](https://spot.insure/compare/cfc-vs-corgi): all coverage lines, business roles, service and claims.
- [What Is Representations and Warranties Insurance?](https://spot.insure/coverage/representations-warranties): Representations and warranties insurance addresses financial loss from inaccurate statements in a business purchase agreement.
- [CFC vs Corgi Crime Insurance](https://spot.insure/compare/cfc-vs-corgi/crime)
- [CFC vs Corgi Cyber Insurance](https://spot.insure/compare/cfc-vs-corgi/cyber)
- [CFC vs Corgi D&O Insurance](https://spot.insure/compare/cfc-vs-corgi/directors-officers)
- [CFC vs Corgi Employment Practices Liability Insurance](https://spot.insure/compare/cfc-vs-corgi/employment-practices)
- [CFC vs Corgi General Liability Insurance](https://spot.insure/compare/cfc-vs-corgi/general-liability)
- [CFC vs Corgi Media Liability Insurance](https://spot.insure/compare/cfc-vs-corgi/media)
- [CFC vs Corgi Professional Liability (E&O) Insurance](https://spot.insure/compare/cfc-vs-corgi/professional-errors-omissions)
- [CFC vs Corgi Tech E&O Insurance](https://spot.insure/compare/cfc-vs-corgi/technology-errors-omissions)
- [CFC vs Corgi Umbrella and Excess Liability Insurance](https://spot.insure/compare/cfc-vs-corgi/umbrella-excess)
- [Beazley vs CFC Representations and Warranties Insurance](https://spot.insure/compare/beazley-vs-cfc/representations-warranties)
- [Beazley vs Corgi Representations and Warranties Insurance](https://spot.insure/compare/beazley-vs-corgi/representations-warranties)
- [CFC vs Chubb Representations and Warranties Insurance](https://spot.insure/compare/cfc-vs-chubb/representations-warranties)
- [CFC vs Coverdash Representations and Warranties Insurance](https://spot.insure/compare/cfc-vs-coverdash/representations-warranties)
- [CFC vs Founder Shield Representations and Warranties Insurance](https://spot.insure/compare/cfc-vs-foundershield/representations-warranties)
- [CFC vs Gallagher Representations and Warranties Insurance](https://spot.insure/compare/cfc-vs-gallagher/representations-warranties)

## Sources

### CFC

1. [About CFC](https://www.cfc.com/en-us/company/). CFC; Matt Taylor biography: independent MGA and Syndicate 1988. Accessed 2026-09-16.
2. [Technology](https://www.cfc.com/en-us/products/industry/technology/). CFC; Introduction; Technology key features; Digitally traded. Accessed 2026-09-16.
3. [Technology — United States product brochure](https://webcdn.cfc.com/media/ywdbvkpy/technology_product-brochure_us_0525_v2.pdf). CFC; Page 1: coverage sections, including Products and services liability; Response app highlights; Limits and deductibles. Accessed 2026-09-16.
4. [Regulatory information](https://www.cfc.com/en-us/support/regulatory-information/). CFC; CFC Underwriting Limited; CFC Lloyd's Syndicate 1988. Accessed 2026-09-23.
5. [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.

### Corgi

6. [Disclaimers & Licensing](https://www.corgi.insure/disclaimers). Corgi Insurance; Carrier Financial Strength; How Insurance Is Provided Through Corgi; Specialty Insurance Carrier and Underwriting Disclosures. Accessed 2026-09-23.
7. [Corgi Insurance: Startup Insurance, Quoted in Minutes](https://www.corgi.insure). Corgi Insurance; Explore Our Main Policies list: "1-14 days turnaround Representations and Warranties" card, same coverage description as the startup-insurance page. Accessed 2026-09-23.
8. [Corgi Insurance Launches Admitted Insurance Carrier](https://www.prnewswire.com/news-releases/corgi-insurance-launches-admitted-insurance-carrier-302860246.html). PR Newswire (Corgi press release); Announcement of Corgi Insurance Company, Inc.; planned small-business product classes; guaranty-association eligibility statement. Accessed 2026-09-15.
9. [NAIC Listing of Companies](https://content.naic.org/sites/default/files/publication-loc-zu-listing-companies-summary.pdf). National Association of Insurance Commissioners; June 2026 listing, numerical entry 17763 P 1 AZ TECHNOLOGY RRG INC. Accessed 2026-09-15.
10. [Insurance Topics: Risk Retention Groups](https://content.naic.org/insurance-topics/risk-retention-groups). National Association of Insurance Commissioners; Topic page last updated 13 October 2025: member-owned liability insurers formed under state and federal law; may be formed under a state's captive or traditional insurance laws; domiciled in one state and registered in others; treated as multi-state companies subject to modified NAIC accreditation standards. Accessed 2026-09-15.
11. [Startup Insurance | Corgi Insurance](https://www.corgi.insure/startup-insurance). Corgi Insurance; Specialized Coverages section: "1-14 days turnaround R&W (Representations & Warranties Insurance) — Protects buyers or sellers in M&A transactions against financial loss arising from breaches of representations and warranties in purchase agreements.". Accessed 2026-09-23.

### Representations and Warranties Insurance Guide

12. [Transaction liability insurance | Representation and indemnities insurance](https://www.cfc.com/en-us/products/class/transaction-liability/). CFC; What are representations and warranties?; Who should buy representation and warranty insurance?; Available to buyers & sellers; Limited seller security; Is transaction liability insurance available to sellers. Accessed 2026-09-16.
13. [Mergers & Acquisitions](https://www.beazley.com/en-us/products/executive-risk-usa/mergers-acquisitions). Beazley; Product overview: buyer and seller protection for inaccuracies in representations or warranties. Accessed 2026-09-16.

Updated 2026-09-23. 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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