CFC vs 
Marsh: How Do They Compare for D&O Insurance?
Marsh brokers D&O for public, private, and nonprofit companies and describes D&O coverage structure; CFC packages D&O with US management liability and sells separate Side A DIC excess cover.
CFC declines US public companies and California-domiciled businesses for the package that carries its D&O; Marsh places D&O for public, private and nonprofit organizations. 2,1,5,6
What Are the Key Differences Between CFC and Marsh D&O Insurance?
Who Can Buy: CFC's Declines vs Marsh's Broad Reach
CFC sells D&O only inside its US Management Liability package, adds a separate limit for insured persons, and offers an excess Side A DIC policy above it. Marsh's practice places D&O for public, private and nonprofit companies, and Marsh McLennan Agency covers middle-market clients. Choose Marsh if you're publicly traded, California-domiciled or a nonprofit; choose CFC if you're a private company outside California that wants D&O packaged with other management-liability cover. 1 2 5 6
Securities and ESG Claims
Marsh says public-company leaders mostly face securities suits from shareholders and regulators, and that ESG scrutiny over emissions, labor practices, board diversity and pay can add litigation. CFC's D&O materials don't address either, which fits a package that excludes public companies. 5 2
What Should You Confirm in CFC and Marsh D&O Insurance Quotes?
CFC vs Marsh D&O Insurance Compared
CFC vs Marsh: D&O Insurance: documented features by provider
| Criteria | CFC Directors & Officers Liability | Marsh Directors and Officers Liability (D&O) Insurance |
|---|---|---|
| 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. | Marsh says public company directors and officers typically face more securities-lawsuit exposure from shareholders and regulators, while private and non-profit organizations more often face employment-practices claims from customers, vendors or regulators; directors and officers of all organization types can face cyber-related liability exposure. 5Company-reported. Marsh D&O page, common risks FAQ. |
| 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. | Marsh says D&O insurance typically has three coverage sides: Side A protects directors' and officers' personal assets when the organization cannot or will not indemnify them; Side B reimburses the organization for indemnifying directors and officers; Side C offers balance-sheet protection when the entity itself is named, generally limited to securities claims for public companies. 5Company-reported. Marsh D&O page FAQ; illustrative policy structure, not a specific policy form. Marsh says ESG-related stakeholder scrutiny, covering areas such as carbon emissions, renewable-energy use, labor practices, board diversity and executive compensation, can add regulatory, legislative or litigation pressure on directors and officers beyond traditional D&O exposures. 5Company-reported. Marsh D&O page, What other risks do directors and officers face? section. |
| 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. | Marsh's financial and professional liability practice places D&O insurance for public, private and non-profit companies; MMA also places D&O coverage within its executive and professional liability practice for middle-market clients. 5,6Company-reported. Marsh D&O page and MMA executive and professional liability page. |
