CFC vs 
Lockton: How Do They Compare for D&O Insurance?
Lockton arranges D&O programs and offers specialist claims support; CFC includes D&O in a US management-liability package and sells a separate Side A DIC excess policy.
Lockton builds a D&O program around you, can insure people well beyond directors and officers, and puts claims counsel on your team from day one. CFC offers D&O only inside its US Management Liability package, which declines California-domiciled and US publicly traded companies. 1,2,5
What Are the Key Differences Between CFC and Lockton D&O Insurance?
Custom Program vs Fixed Package
Lockton designs and places your D&O program, structuring Side A, B and C and watching emerging risks such as AI-related litigation. CFC gives you D&O as one part of its management-liability package, and its brochure declines California-domiciled businesses and US publicly traded companies. 5 1 2 Choose Lockton if you are public, California-domiciled, or need a program built around unusual insured people; choose CFC if you are an eligible private company that wants D&O bundled with other management cover or Side A excess over an existing program. 5 1
Who the Policy Protects
Lockton says its placements can cover trustees, employees, independent contractors, committee members, volunteers, majority-owned subsidiaries, spouses and estates as well as directors, officers and the company. CFC covers the company and its directors and adds an extra limit for individuals, but lists no broader classes. 5 2 If volunteers or committee members could be sued, Lockton's wider definition matters.
Claims Counsel on Your Team vs an Insurer's Adjuster
Lockton puts insurance and claims counsel inside your broking team from the start. CFC gives you a dedicated US claims adjuster and a direct route to report claims. 5 4 Lockton's counsel represents your interests; CFC's adjuster handles the claim for the insurer.
What Should You Confirm in CFC and Lockton D&O Insurance Quotes?
CFC vs Lockton D&O Insurance Compared
CFC vs Lockton: D&O Insurance: documented features by provider
| Criteria | CFC Directors & Officers Liability | Lockton Directors & Officers (D&O) Insurance Brokerage |
|---|---|---|
| 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. 2Company-reported. Brochure's 'What we decline' list; underwriting still applies to any individual business. | Lockton says D&O coverage it places can extend beyond directors and officers to trustees, employees, independent contractors, staff, committee members, volunteers, the corporate entity, majority-owned subsidiaries, spouses/domestic partners, and estates/heirs. 5Company-reported. D&O product page as read 2026-09-23. Describes who can typically be covered under a program Lockton structures, not a guarantee for any specific client. |
| 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. 2Company-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. 2Company-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. 1Company-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. | Lockton explains a traditional D&O program in three parts it says it can structure: Side A (direct coverage to individual directors/officers when the company can't indemnify them), Side B (reimbursing the company for indemnifying its D&Os), and Side C (entity coverage, generally limited to securities claims for public companies but broader for private and nonprofit organizations). 5Company-reported. D&O product page as read 2026-09-23. General educational description of program structure, not a specimen policy form. |
| 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. 1,2Company-reported. CFC's management-liability product page and brochure; package composition as CFC describes it. | Lockton designs and places D&O programs rather than underwriting them, saying effective coverage requires market intelligence, coverage-design precision and staying ahead of emerging risks like AI-related litigation and event-driven claims. 5Company-reported. D&O product page as read 2026-09-23. |
| 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. 4Company-reported. Claims page as read on 2026-09-23; not specific to D&O claim outcomes or timing. | Lockton says its Professional & Executive Risk Claims team integrates experienced insurance and claims counsel within the broking team from the start of the relationship, rather than treating claims advocacy as a separate profit center. 5Company-reported. D&O product page as read 2026-09-23. |
