CFC vs 
Newfront: How Do They Compare for D&O Insurance?
Newfront brokers D&O through funding and public-listing stages and provides 24/7 program access; CFC combines D&O with US management liability and sells a separate Side A DIC excess policy.
Newfront brokers D&O for companies from seed stage through going public, with a set process for an IPO, deSPAC or direct listing. CFC's D&O comes inside a management-liability package that turns away US public companies and California-based businesses. 1,2,5
What Are the Key Differences Between CFC and Newfront D&O Insurance?
Broker That Takes You Public vs Package That Stops at Private
Newfront's Executive Risk practice places private and public D&O, has worked with publicly traded companies on D&O matters, and gives you 24/7 dashboard access to your program. 5 CFC lists US publicly traded companies among declined risks for the package that carries its D&O, so a listing would push you off it. 2 1 Choose Newfront if you are public or planning to list; choose CFC if you are a private company outside California that wants D&O bundled with its other management-liability cover.
Extra Protection for Individuals
Both offer Side A difference-in-conditions (DIC) cover, which protects directors and officers personally when the company can't or won't indemnify them. Newfront places it as part of Executive Risk; CFC sells it as excess over an existing D&O program. 5 1
What Should You Confirm in CFC and Newfront D&O Insurance Quotes?
- Ask Newfront which insurer would issue your D&O and Side A DIC; its reviewed materials don't name one. 5
- Check your public status and state of domicile against CFC's declines before applying. 2
- Ask each how its Side A DIC layer responds if the primary D&O insurer denies a claim. 5 1
- Ask CFC for the additional limit for insured persons. 2
CFC vs Newfront D&O Insurance Compared
CFC vs Newfront: D&O Insurance: documented features by provider
| Criteria | CFC Directors & Officers Liability | Newfront Directors and Officers (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. | Newfront says it services private companies "from seed round through every series of capital funding," including over 120 unicorn companies, and has worked with over 500 publicly traded companies on D&O-relevant matters such as M&A and IPOs. 5Company-reported. Here for the Long Run section; company-reported client counts, not independently verified. |
| 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. | Newfront lists "Directors and Officers (D&O)—Private and public companies" and "Side A DIC D&O" among its Executive Risk Key Coverages, and says its D&O work includes protection against securities-related litigation and regulatory investigations. 5Company-reported. Key Coverages list and Committed to Client Advocacy section; Side A DIC is a difference-in-conditions option, and actual trigger and exclusions require the proposed wording. |
| 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. | Newfront's Executive Risk practice brokers D&O coverage, negotiating placement for management-liability lines. Deirdre Finn, the Executive Risk Solutions Practice Leader, oversees this D&O, employment-practices and fiduciary book of business. 5Company-reported. Executive Risk offering page and Leadership section. |
| 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. | Newfront says it provides "integrated claims and coverage negotiation" for its Executive Risk lines, which would apply to a D&O claim. 5Company-reported. The Newfront Difference section; described across Executive Risk lines, not a D&O-specific claims workflow. |
