CFC vs 
Embroker D&O Insurance
CFC's US Management Liability package vs Embroker D&O: product scope, eligibility and illustrative limits.
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. 1,2,3,4
What Is Embroker?
Embroker is a business insurance broker and online platform serving startups, technology companies and professional-services firms, with proprietary programs and broker-assisted placements. 8,9,10
What Is Directors and Officers Insurance?
Directors and officers liability insurance addresses covered claims alleging wrongful acts in managing an organization. 12
Key Differences in D&O Insurance
Package D&O Versus Standalone or Excess Products
CFC includes directors and officers liability in its US Management Liability package. It separately describes Side A DIC (difference in conditions) as excess coverage for directors and officers that sits above primary management-liability D&O. Embroker sells D&O as a standalone policy and also says it can package D&O with cyber and workers' compensation or place it in a broader management-liability program. 5 11
These are not necessarily equivalent products. Ask whether a CFC proposal is for the US Management Liability package's primary D&O or for the separately described Side A DIC excess product, and compare that scope with the Embroker form. The Side A DIC brochure was not reviewed here, so its terms are not established by the product-page description. 5 11
Public Companies and California Scope
Embroker markets D&O to private or public companies with a board, venture-backed startups and nonprofits. That evidence establishes an audience Embroker describes; it does not establish California-specific eligibility. CFC's reviewed US Management Liability package brochure lists California-domiciled businesses and US publicly traded companies among the risks it declines for that package. 11 6
Do not infer that Embroker accepts a California risk because CFC's package lists California among its declines. Ask each provider which product, issuing entity and current underwriting rules apply to the account. 11 6
Illustrative Limits and Agreement Structure
Embroker's startup package publishes illustrative D&O, EPLI (employment practices liability insurance) and fiduciary limit and retention ranges by funding stage, from roughly $1–2 million with a $10–25k retention for companies raising up to $10 million to roughly $8–10 million with a $25–75k retention for companies raising $100–250 million. CFC's reviewed brochure lists an additional limit for insured persons but does not publish the overall D&O limit or that additional amount. 11 6
Embroker's ranges are illustrations for its startup package, not evidence that D&O shares a limit with EPLI or fiduciary coverage. Ask whether those limits are separate or shared; the quote and declarations control. Embroker describes Side A as protection for individual directors and officers when the company cannot indemnify them, Side B as reimbursement to the company for indemnifying its leaders, and Side C as coverage for the company itself when it is sued for financial mismanagement. 11
What to Confirm in D&O Insurance Quotes
- If you are US public or California-domiciled, ask CFC whether its US Management Liability package is available; ask Embroker which D&O product and current underwriting criteria apply rather than treating its public-company audience as an acceptance decision. 6 11
- Ask Embroker whether D&O, EPLI and fiduciary limits are separate or shared, which exclusions apply, and what numbers appear in the quote and declarations. 11
- Ask CFC for the additional insured-persons amount and whether the proposal is the package's primary D&O or the separately described Side A DIC excess product; do not assume the unreviewed Side A DIC brochure has the same terms as primary D&O. 6 5
- Compare actual limits, retentions, exclusions, issuing entities and product scope from both quotes rather than comparing Embroker's illustrative stage bands with CFC's unpublished package figures. 11 6
Offering Details
CFC vs Embroker D&O Insurance: documented features by provider
| Criteria | CFC Directors & Officers Liability | Embroker Directors and Officers Insurance |
|---|---|---|
| Role in This Line | CFC includes directors and officers liability inside its US Management Liability package rather than selling it as a standalone product. It separately sells Side A DIC, an excess policy that sits above a company's existing D&O program. 5,6Company-reported. CFC's management-liability product page and brochure; package composition as CFC describes it. | Embroker sells D&O as a standalone policy and offers to package it with cyber and workers' compensation; it also says EPLI, D&O and related coverages are sometimes bundled into a management liability program. 11Company-reported. Product-page description; not a statement about the issuing insurer. |
| Issuing Insurer | CFC's regulatory page discloses CFC Underwriting Limited's FCA authorization and CFC's Lloyd's Syndicate 1988, managed by Asta Managing Agency Ltd, but neither the regulatory page nor the management-liability brochure names the carrier or syndicate that would issue a given US D&O policy. 4,6Not publicly disclosed. Regulatory information page and brochure as read on 2026-09-23. | Not described in the reviewed sources. |
| 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 D&O coverage. 6Company-reported. Brochure's 'What we decline' list; underwriting still applies to any individual business. | Embroker markets D&O to any private or public company with a board of directors, startups that have received or are about to receive venture capital funding, and nonprofit corporations, saying VC and private equity investors commonly require it before funding. 11Company-reported. Product-page eligibility and 'Why Do Startups Need D&O Insurance?' sections; not a guarantee of coverage for a particular company. |
| Coverage Features | CFC says its directors and officers cover includes protection for the entity itself and aims to prevent directors and officers from having to sell personal assets to pay defense costs. 6Company-reported. Brochure's 'Directors and officers cover' description; the issued policy wording determines actual entity and Side B/C coverage terms. CFC's brochure lists an additional limit for insured persons as part of the directors and officers liability section, on top of the package's base limit. 6Company-reported. Brochure's 'What else is in the policy?' list; the dollar amount of that additional limit is not stated on the reviewed pages. CFC separately offers Side A DIC (difference in conditions), which it describes as excess coverage for directors and officers of private and publicly traded organizations, sitting above the primary management-liability D&O cover. 5Company-reported. Management-liability product page; Side A DIC has its own brochure that was not opened for this record, so its terms are not otherwise described here. | Embroker lists coverage for misuse of company funds, misrepresentation of company assets, breach of fiduciary duty, failure to comply with workplace laws and lack of corporate governance. 11Company-reported. Product-page What's covered section; the issued policy and declarations control. Embroker says the policy excludes lawsuits between members of the same company, criminal or deliberately fraudulent activity, prior-knowledge claims, and claims against directors actively engaged in antitrust violations. 11Company-reported. Product-page What's not included section. Embroker structures its D&O policy with three insuring agreements: Side A covers individual directors and officers when the company cannot indemnify them, Side B reimburses the company for indemnifying its leaders, and Side C covers the company itself when it is sued for financial mismanagement. 11Company-reported. Product-page 'What are Side A, B, and C insuring agreements?' section; specific policy structure, not a claim about every insurer's D&O form. |
| Limits and Retentions | The reviewed brochure does not publish a specific dollar limit, retention, or the size of the additional insured-persons limit for D&O. Those figures appear only on the quote and declarations. 6Not publicly disclosed. Brochure as read on 2026-09-23. | For its startup package, Embroker publishes illustrative D&O/EPLI/fiduciary limit and retention ranges by funding stage, from roughly $1-2 million in limits with a $10-25k retention for companies raising up to $10 million, up to $8-10 million in limits with a $25-75k retention for companies raising $100-250 million. 11Company-reported. Product-page cost table for the Embroker Startup Package; actual limits, retentions and premiums depend on underwriting. |
| How to Apply | Not described in the reviewed sources. | Embroker offers an online quote for D&O coverage through its digital platform, describing underwriting factors including revenue, industry risk and claims history. 11Company-reported. Product-page 'Quick quotes' feature and cost-factor list; no quote was requested during this research. |
| Claims Support | 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. 7Company-reported. Claims page as read on 2026-09-23; not specific to D&O claim outcomes or timing. | Not described in the reviewed sources. |
Full Comparison
More CFC vs Embroker Comparisons
Other D&O Insurance Comparisons
Sources
CFC
- About CFC. CFC; Matt Taylor biography: independent MGA and Syndicate 1988. Accessed 2026-09-16.
- Technology. CFC; Introduction; Technology key features; Digitally traded. Accessed 2026-09-16.
- Technology — United States product brochure. CFC; Page 1: coverage sections, including Products and services liability; Response app highlights; Limits and deductibles. Accessed 2026-09-16.
- Regulatory information. CFC; CFC Underwriting Limited; CFC Lloyd's Syndicate 1988. Accessed 2026-09-23.
- Management liability. CFC; Our management liability products: Management liability, Side A DIC. Accessed 2026-09-23.
- Management liability — United States product brochure. CFC; Directors and officers cover; At a glance: What we like; What we decline; What else is in the policy? Accessed 2026-09-23.
- Claims. CFC; Notify a claim or cyber incident; We're in it with you. Accessed 2026-09-23.
Embroker
- Embroker. Embroker; Industry navigation; quote and sign-in links; coverage options; footer availability qualification. Accessed 2026-09-15.
- Terms And Conditions. Embroker; Introduction; §§2A–B Insurance services, 13 Applications and quotes, 15 Insurance companies and underwriting guidelines, 16 Certificates, 21 Surplus lines products, 22 Payments. Accessed 2026-09-15.
- Embroker Access. Embroker; EMIS announcement; appointed-broker quoting, binding and issuance; product links; footer identifies Embroker Insurance Services, LLC. Accessed 2026-09-15.
- Directors & Officers Insurance Coverage: D&O Explained. Embroker; Why it's essential; Who needs this coverage; What is Directors and Officers (D&O) insurance?; What's covered; What's not included; What are Side A, B, and C insuring agreements?; What does Directors and Officers insurance cost? Accessed 2026-09-23.
D&O Insurance Guide
- Glossary of Business Insurance Terms. The Hartford; Directors and Officers Liability Insurance; Errors and Omissions Insurance; Employment Practices Liability Insurance. Accessed 2026-09-16.
