---
title: "CFC vs Heffernan Insurance Brokers: Representations and Warranties Insurance"
description: "CFC insures R&W directly, writing up to $50 million per deal, with Buyer Protect and Seller Protect turned around in 24 hours on deals under $20 million. Heffernan brokers R&W for private-equity buyers, packaging it with tax, environmental and litigation-buyout cover plus pre-close diligence."
canonical: "https://spot.insure/compare/cfc-vs-heffernan/representations-warranties"
page-type: "line-comparison"
updated-at: "2026-09-29"
comparison-pair: "cfc-vs-heffernan"
provider-a: "cfc"
provider-b: "heffernan"
coverage-line: "representations-warranties"
---

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

## Agent Guide

**What this page is:** Focused comparison of CFC and Heffernan Insurance Brokers 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 Heffernan Insurance Brokers. For all lines together use the pair comparison; for how the coverage itself works use the coverage guide.

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

**Key facts:**
- Line: Representations and Warranties Insurance. Providers: CFC and Heffernan Insurance Brokers.
- 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 Heffernan Insurance Brokers](https://spot.insure/compare/cfc-vs-heffernan) — 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
- [Heffernan Insurance Brokers profile](https://spot.insure/insurance-providers/heffernan) — provider profile

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

CFC underwrites transaction liability and publishes small-deal products below $20 million; Heffernan Insurance Brokers advises private-equity and strategic M&A clients with pre-close diligence and post-close insurance planning.

CFC insures R&W directly with up to $50 million per deal and 24-hour products for deals under $20 million, while Heffernan brokers R&W for private-equity buyers with diligence and related deal cover.

## CFC vs Heffernan Insurance Brokers Representations and Warranties Insurance Summary

CFC insures R&W directly, writing up to $50 million per deal, with Buyer Protect and Seller Protect turned around in 24 hours on deals under $20 million. Heffernan brokers R&W for private-equity buyers, packaging it with tax, environmental and litigation-buyout cover plus pre-close diligence. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") [3](https://www.heffins.com/business-insurance/private-equity-and-ma/ "Private Equity and M&A")

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

### Fast Small-Deal Products vs a PE Deal-Risk Broker

CFC insures R&W for buyers and sellers, can write $50 million on a transaction, and offers Buyer Protect and Seller Protect for deals under $20 million with 24-hour turnaround. Heffernan's Private Equity and M&A practice brokers R&W and publishes no limits. Choose CFC if your deal is under $20 million and you need cover fast; choose Heffernan if you're a PE buyer who wants R&W shopped alongside other deal cover and diligence. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") [3](https://www.heffins.com/business-insurance/private-equity-and-ma/ "Private Equity and M&A")

### Other Deal Risks Covered

Heffernan places R&W with contingent, environmental, tax and litigation-buyout cover, plus group purchasing across PE clients and post-close insurance planning. CFC's core form covers contingent tax and other M&A liabilities, adds excess on certain fundamental warranties, and runs a secondaries practice for fund-interest transfers, but lists no environmental or litigation-buyout lines. [3](https://www.heffins.com/business-insurance/private-equity-and-ma/ "Private Equity and M&A") [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC")

### Diligence vs Claims Handling

Heffernan offers pre-close diligence: a review, benchmarking and a search for hidden liabilities. CFC has a dedicated transaction-liability claims team in London and New York that aims to acknowledge a notice within 24 hours. [3](https://www.heffins.com/business-insurance/private-equity-and-ma/ "Private Equity and M&A") [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC")

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

- Ask Heffernan which insurer it places with, and ask CFC which syndicate or company issues your policy. [3](https://www.heffins.com/business-insurance/private-equity-and-ma/ "Private Equity and M&A") [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC")
- Decide whether you need only R&W or also the contingent, environmental, tax or litigation-buyout cover Heffernan lists. [3](https://www.heffins.com/business-insurance/private-equity-and-ma/ "Private Equity and M&A")
- Compare CFC's $50 million primary and $150 million excess figures with the limit Heffernan's market quotes. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") [3](https://www.heffins.com/business-insurance/private-equity-and-ma/ "Private Equity and M&A")

## CFC vs Heffernan Insurance Brokers Representations and Warranties Compared

| Criteria | CFC Transaction Liability Insurance | Heffernan Private Equity and M&A Practice — Representation & Warranty 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..) | Heffernan invites private equity and M&A clients to contact the practice directly; the page does not describe a self-service quote or online application path. [3](https://www.heffins.com/business-insurance/private-equity-and-ma/ "Private Equity and M&A") (Evidence: Company-reported; scope: Private Equity and M&A page as read on 2026-09-23..) |
| 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..) | Heffernan says RWI safeguards a buyer and seller's agreed understanding of a deal, and groups it under 'Transactional Risk Mitigation' alongside contingent liability, environmental liability, tax liability, and litigation-buyout coverage. [3](https://www.heffins.com/business-insurance/private-equity-and-ma/ "Private Equity and M&A") (Evidence: Company-reported; scope: Private Equity and M&A page as read on 2026-09-23; the page does not describe RWI's specific insuring agreement, exclusions, retention structure, or limits..) |
| 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..) | Heffernan's Private Equity and M&A (HIB) Practice arranges representation and warranty (RWI) insurance for deal buyers and sellers as part of a broader transactional-risk brokerage, rather than underwriting the coverage itself. [3](https://www.heffins.com/business-insurance/private-equity-and-ma/ "Private Equity and M&A") (Evidence: Company-reported; scope: Private Equity and M&A page as read on 2026-09-23..) |

## About CFC and Heffernan Insurance Brokers

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

## Related Pages for CFC vs Heffernan Insurance Brokers

- [CFC vs Heffernan Insurance Brokers](https://spot.insure/compare/cfc-vs-heffernan): 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)
- [Heffernan Insurance Brokers Representations and Warranties Insurance](https://spot.insure/insurance-providers/heffernan/representations-warranties)

## Sources for CFC vs Heffernan Insurance Brokers

### 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 Heffernan Insurance Brokers

3. [Private Equity and M&A](https://www.heffins.com/business-insurance/private-equity-and-ma/). Heffernan Insurance Brokers; Reps & Warranties Insurance; Heffernan Insurance Brokers (HIB) Private Equity and M&A Practice; Key Merger and Acquisition Insurance Services: Pre-Close Due Diligence, Insurance Placement Hub, Post-Close Insurance Strategies; Transactional Risk Mitigation to Contain Any Threats: RWI, Contingent Liability, Environmental Liability, Tax Liability, Litigation Buyout; Other Related Services: General Partnership Liability (GPL), Professional Liability/E&O, Key person insurance. 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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