CFC vs Founder Shield D&O Insurance

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.

Founder Shield is a retail insurance brokerage, described on its site as “the innovation arm of The Baldwin Group,” and places Founder Shield Directors & Officers Insurance with third-party carriers rather than underwriting the policy itself. ¹⁴Company-reported. About-us page; applies to Founder Shield's brokerage model generally, restated here for this line.

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.

Founder Shield says it places policies, including Founder Shield Directors & Officers Insurance, only with carriers rated A- or better by AM Best, chosen for the client's industry. It does not name the issuing insurer for this line; that depends on which carrier the policy is placed with. ¹⁰Company-reported. General carrier-selection FAQ, not specific to this line's placements.

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.

Founder Shield targets D&O at public and private businesses, venture-backed companies (it says almost every institutional term sheet requires the coverage), and businesses owing more than $1 million to creditors. ¹³Company-reported. Directors & Officers Insurance product page.

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.

Founder Shield describes a three-part structure: Side A pays individual directors/officers directly when the company cannot or will not indemnify them, Side B reimburses the company for indemnification it pays, and Side C provides entity coverage for the company itself. ¹³Company-reported. Product page; the issued policy and declarations control actual coverage.

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.

Founder Shield's page describes a typical market base layer of $5 million to $10 million in combined A-B-C coverage, but does not publish a specific limit Founder Shield itself offers; actual limits are set on the quote. ¹³Company-reported. General market description on the product page, not a stated Founder Shield minimum or maximum.

Not described in the reviewed sources.

You request Founder Shield Directors & Officers Insurance through Founder Shield's website or an insurance advisor rather than binding coverage directly; Founder Shield says its placement team then approaches carriers on the client's behalf. ^14,10Company-reported. About-us and carrier-selection pages describe the general placement process, not a line-specific application form.

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.