--- title: "CFC vs Lockton: D&O Insurance" description: "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." canonical: "https://spot.insure/compare/cfc-vs-lockton/directors-officers" page-type: "line-comparison" updated-at: "2026-09-29" comparison-pair: "cfc-vs-lockton" provider-a: "cfc" provider-b: "lockton" coverage-line: "directors-officers" --- Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and insurance research. Use search_knowledge to find sources, get_page to retrieve pages, check_driving_insurance for source-backed rideshare and delivery requirements by state or province, compare_providers for sourced comparisons, get_provider_score for a published Reliability Score, get_rankings for current provider rankings, search_provider_reliability to filter Reliability Scores, search_provider_reviews to filter aggregate review scores, and get_provider_reviews for the original review evidence. The server is read-only and requires no authentication. [Human-readable page](https://spot.insure/compare/cfc-vs-lockton/directors-officers) ## Agent Guide **What this page is:** Focused comparison of CFC and Lockton for D&O 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 D&O Insurance questions about CFC versus Lockton. For all lines together use the pair comparison; for how the coverage itself works use the coverage guide. **Questions this page answers:** - CFC vs Lockton for D&O Insurance: how do they differ? - Which is better for D&O Insurance, CFC or Lockton? - What does CFC or Lockton publish about D&O Insurance (limits, eligibility, claims, add-ons)? **Key facts:** - Line: D&O Insurance. Providers: CFC and Lockton. - 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 Lockton](https://spot.insure/compare/cfc-vs-lockton) — all coverage lines for this pair - [D&O Insurance guide](https://spot.insure/coverage/directors-officers) — how this coverage works - [CFC profile](https://spot.insure/insurance-providers/cfc) — provider profile - [Lockton profile](https://spot.insure/insurance-providers/lockton) — provider profile # 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 designs custom D&O programs for any company, including public ones, with claims counsel on the team, while CFC sells a fixed management-liability package that declines California-domiciled and US-listed companies. ## CFC vs Lockton D&O Insurance Summary 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](https://www.cfc.com/en-us/products/class/management-liability/ "Management liability") [2](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") [5](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance") ## 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](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance") [1](https://www.cfc.com/en-us/products/class/management-liability/ "Management liability") [2](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") 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](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance") [1](https://www.cfc.com/en-us/products/class/management-liability/ "Management liability") ### 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](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance") [2](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") 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](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance") [4](https://www.cfc.com/en-us/claims/ "Claims") 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? - Ask Lockton which insurers it would approach and exactly who the policy would treat as insured. [5](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance") - Ask CFC whether your domicile or listing status rules you out, and whether Side A DIC would apply. [2](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") [1](https://www.cfc.com/en-us/products/class/management-liability/ "Management liability") - Ask CFC for the dollar amount of the extra limit for individuals. [2](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") ## CFC vs Lockton D&O Insurance Compared | 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. [2](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..) | 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. [5](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance") (Evidence: Company-reported; scope: 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. [2](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 '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. [2](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 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. [1](https://www.cfc.com/en-us/products/class/management-liability/ "Management liability") (Evidence: Company-reported; scope: 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). [5](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance") (Evidence: Company-reported; scope: 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](https://www.cfc.com/en-us/products/class/management-liability/ "Management liability") [2](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf "Management liability — United States product brochure") (Evidence: Company-reported; scope: 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. [5](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance") (Evidence: Company-reported; scope: 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. [4](https://www.cfc.com/en-us/claims/ "Claims") (Evidence: Company-reported; scope: 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. [5](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance") (Evidence: Company-reported; scope: D&O product page as read 2026-09-23..) | ## About CFC and Lockton and D&O Insurance - [CFC company profile](https://spot.insure/insurance-providers/cfc) · [CFC customer reviews](https://spot.insure/insurance-providers/cfc/reviews) - [Lockton company profile](https://spot.insure/insurance-providers/lockton) · [Lockton customer reviews](https://spot.insure/insurance-providers/lockton/reviews) - [What Is Directors and Officers Insurance?](https://spot.insure/coverage/directors-officers) ## Related Pages for CFC vs Lockton D&O Insurance - [CFC vs Lockton](https://spot.insure/compare/cfc-vs-lockton): all coverage lines, business roles, service and claims. - [What Is Directors and Officers Insurance?](https://spot.insure/coverage/directors-officers): D&O insurance can protect leaders and, in some policies, the company from covered management claims; company coverage, defense costs and limits differ by quote. - [CFC D&O Insurance](https://spot.insure/insurance-providers/cfc/directors-officers) - [Lockton D&O Insurance](https://spot.insure/insurance-providers/lockton/directors-officers) ## Sources for CFC vs Lockton D&O Insurance ### Sources About CFC 1. [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. 2. [Management liability — United States product brochure](https://webcdn.cfc.com/media/0ttjwk3e/management-liablity_product-brochure_us_0126.pdf). CFC; Directors and officers cover; At a glance: What we like; What we decline; What else is in the policy?. Accessed 2026-09-23. 3. [Regulatory information](https://www.cfc.com/en-us/support/regulatory-information/). CFC; CFC Underwriting Limited; CFC Lloyd's Syndicate 1988. Accessed 2026-09-23. 4. [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 Lockton 5. [D&O Insurance](https://global.lockton.com/us/en/products-services/d-and-o-insurance). Lockton; What is D&O insurance?; Side A/B/C coverage components; Who can be covered under a D&O program?; Claims management. 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-lockton/directors-officers.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)