---
title: "CFC vs Cowbell: Crime Insurance"
description: "CFC excludes California-domiciled and U.S. public companies from its package; Cowbell offers a Zurich crime module to private businesses below 250 employees and $50 million in assets through appointed wholesalers."
canonical: "https://spot.insure/compare/cfc-vs-cowbell/crime"
page-type: "line-comparison"
updated-at: "2026-09-29"
comparison-pair: "cfc-vs-cowbell"
provider-a: "cfc"
provider-b: "cowbell"
coverage-line: "crime"
---

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[Human-readable page](https://spot.insure/compare/cfc-vs-cowbell/crime)

## Agent Guide

**What this page is:** Focused comparison of CFC and Cowbell for Crime 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 Crime Insurance questions about CFC versus Cowbell. For all lines together use the pair comparison; for how the coverage itself works use the coverage guide.

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

**Key facts:**
- Line: Crime Insurance. Providers: CFC and Cowbell.
- 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 Cowbell](https://spot.insure/compare/cfc-vs-cowbell) — all coverage lines for this pair
- [Crime Insurance guide](https://spot.insure/coverage/crime) — how this coverage works
- [CFC profile](https://spot.insure/insurance-providers/cfc) — provider profile
- [Cowbell profile](https://spot.insure/insurance-providers/cowbell) — provider profile

# CFC vs Cowbell: How Do They Compare for Crime Insurance?

Reached only through appointed Zurich wholesalers, Cowbell's crime module targets private companies with under 250 employees and under $50 million in assets; CFC includes crime in its US Management Liability package, which declines California-domiciled business.

CFC excludes California-domiciled and U.S. public companies; Cowbell’s Zurich crime module is limited to smaller private companies and appointed wholesalers.

## CFC vs Cowbell Crime Insurance Summary

CFC excludes California-domiciled and U.S. public companies from its package; Cowbell offers a Zurich crime module to private businesses below 250 employees and $50 million in assets through appointed wholesalers. [1](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") [2](https://www.cfc.com/en-us/products/class/management-liability/ "Management liability") [6](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [7](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus")

## What Are the Key Differences Between CFC and Cowbell Crime Insurance?

### Package Eligibility and Buyer Access

CFC includes crime in its US Management Liability package and declines California-domiciled businesses and U.S. public companies. Cowbell offers Zurich’s Select Plus crime module to private companies with fewer than 250 employees and less than $50 million in assets, but only through appointed wholesale brokers. Choose CFC if you meet its company eligibility and want crime in a management-liability package; choose Cowbell if your private company fits those size caps and can access an appointed wholesaler. [1](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") [6](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises")

### Paper, Access and Coverage Wording

Cowbell and Zurich both say Select Plus modules, including crime, are written on Zurich admitted paper. CFC’s regulatory page discloses FCA authorization and Lloyd’s Syndicate 1988 but does not name the issuer for a given US crime policy. The Cowbell crime module is accessed only by appointed Zurich E&S wholesalers through Cowbell’s API, not sold direct to businesses. CFC also sells crime inside a fintech package whose wording the reviewed pages do not equate with the management package. [6](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [7](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus") [4](https://www.cfc.com/en-us/support/regulatory-information/ "Regulatory information") [3](https://www.cfc.com/en-us/products/industry/fintech/ "Fintech insurance")

### What the Cover Descriptions Say

Cowbell describes crime as protecting against theft, fraud and embezzlement by employees or third parties. CFC’s brochure lists employee theft, funds-transfer fraud, credit-card and currency fraud, client crime, and on- or off-premises theft. Neither CFC’s brochure nor the Cowbell or Zurich Select Plus pages publish crime limits or retentions. [6](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [1](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") [7](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus")

## What Should You Confirm in CFC and Cowbell Crime Insurance Quotes?

- Confirm you are a private company under Cowbell’s 250-employee and $50 million-asset band if the quote is Select Plus. [6](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises")
- Ask CFC whether California domicile or public-company status is a decline, and whether crime is the management or fintech package. [1](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") [3](https://www.cfc.com/en-us/products/industry/fintech/ "Fintech insurance")
- Ask which Zurich entity issues the Select Plus crime module; the pages name admitted paper without identifying the specific issuer. [7](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus")
- Get crime limits and retentions from both quotes; neither reviewed set publishes them. [1](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") [6](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises")

## CFC vs Cowbell Crime Insurance Compared

| Criteria | CFC Crime | Cowbell / Zurich Select Plus Crime Coverage |
| --- | --- | --- |
| Who It’s For | CFC's brochure lists California-domiciled business and US publicly traded companies among the risks it declines for the package that carries this crime coverage. [1](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") (Evidence: Company-reported; scope: Brochure's 'What we decline' list; underwriting still applies to any individual business..) | Cowbell targets this crime module at private companies with under 250 employees and under $50M in assets, across the same target industries listed for the broader Select Plus product. [6](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") (Evidence: Company-reported; scope: FAQ 'What size accounts are targeted?' and Target industries list..) |
| Coverage Features | CFC's brochure describes company crime cover including employee theft, funds transfer fraud, and credit card and currency fraud. [1](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") (Evidence: Company-reported; scope: Brochure's 'Crime cover' description; the issued policy wording determines the actual insuring agreements and any sub-limits..)<br><br>The brochure also lists client crime, meaning fraud by clients or their staff, and on-premises and off-premises theft, as part of the crime section. [1](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") (Evidence: Company-reported; scope: Brochure's 'Crime cover' description..)<br><br>CFC separately sells crime coverage for employee infidelity and third-party fraud within its fintech package. The reviewed pages do not state whether that fintech crime coverage is the same crime coverage sold inside the management-liability package. [3](https://www.cfc.com/en-us/products/industry/fintech/ "Fintech insurance") [1](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") (Evidence: Company-reported; scope: Fintech product page compared against the management-liability brochure; both accessed 2026-09-23. This does not establish overlap or difference in wording between the two products..) | Cowbell describes crime coverage as protecting against losses resulting from criminal acts such as theft, fraud, and embezzlement committed by employees or third parties. [6](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") (Evidence: Company-reported; scope: FAQ 'What is the difference between management liability and D&O?'..) |
| Role in This Line | CFC includes crime coverage inside its US Management Liability package. The reviewed management-liability materials do not offer it as a standalone product within that package. [1](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") [2](https://www.cfc.com/en-us/products/class/management-liability/ "Management liability") (Evidence: Company-reported; scope: Management-liability product page and brochure; package composition as CFC describes it..) | Crime coverage is one module within Cowbell's distribution of Zurich's Select Plus management liability product; Cowbell operates the platform, Zurich underwrites the module. Zurich's own page lists 'Crime Insurance' as one of the four modules a buyer can combine. [6](https://cowbell.insure/mgmt-liability/ "Management liability coverage for small & medium enterprises") [7](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability "Small and Midsize Business Management Liability | Zurich Select Plus") (Evidence: Company-reported; scope: Management liability page intro and module list; Zurich page module-name section..) |

## About CFC and Cowbell and Crime Insurance

- [CFC company profile](https://spot.insure/insurance-providers/cfc) · [CFC customer reviews](https://spot.insure/insurance-providers/cfc/reviews)
- [Cowbell company profile](https://spot.insure/insurance-providers/cowbell) · [Cowbell customer reviews](https://spot.insure/insurance-providers/cowbell/reviews)
- [What Is Crime Insurance?](https://spot.insure/coverage/crime)

## Related Pages for CFC vs Cowbell Crime Insurance

- [CFC vs Cowbell](https://spot.insure/compare/cfc-vs-cowbell): all coverage lines, business roles, service and claims.
- [What Is Crime Insurance?](https://spot.insure/coverage/crime): Crime insurance addresses specified theft and fraud losses; employee theft, forgery, funds-transfer fraud and impersonation payments can have separate terms.
- [CFC Crime Insurance](https://spot.insure/insurance-providers/cfc/crime)
- [Cowbell Crime Insurance](https://spot.insure/insurance-providers/cowbell/crime)

## Sources for CFC vs Cowbell Crime Insurance

### Sources About CFC

1. [Management liability — United States product brochure](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf). CFC; Crime cover; At a glance: What we like; What we decline; What else is in the policy?. Accessed 2026-09-23.
2. [Management liability](https://www.cfc.com/en-us/products/class/management-liability/). CFC; Our management liability products: Management liability, Side A DIC. Accessed 2026-09-23.
3. [Fintech insurance](https://www.cfc.com/en-us/products/industry/fintech/). CFC; What does CFC's fintech policy cover? Crime coverage for employee infidelity and third-party fraud. Accessed 2026-09-23.
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. [Claims](https://www.cfc.com/en-us/claims/). CFC; Notify a claim or cyber incident; We're in it with you. Accessed 2026-09-23.

### Sources About Cowbell

6. [Management liability coverage for small & medium enterprises](https://cowbell.insure/mgmt-liability/). Cowbell; FAQ 'What is the difference between management liability and D&O?' (Crime Coverage definition); Target industries list; FAQ on access and account size. Accessed 2026-09-23.
7. [Small and Midsize Business Management Liability | Zurich Select Plus](https://www.zurichna.com/insurance/excess-and-surplus/small-business-management-liability). Zurich North America; Intro on the Zurich/Cowbell collaboration; module name 'Crime Insurance'; FAQ 'What is the difference between management liability and D&O?' (identical to Cowbell's page); Targeted industries list; footer copyright. 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.

## Agent and Developer Resources

- [Markdown page](https://spot.insure/compare/cfc-vs-cowbell/crime.md)
- [Developer resources](https://spot.insure/developers)
- [Public MCP server](https://spot.insure/mcp)
- [MCP server manifest](https://spot.insure/server.json)
- [OpenAPI description](https://spot.insure/openapi.json)
- [Public page index](https://spot.insure/llms.txt)