---
title: "CFC vs USI Insurance Services: Representations and Warranties Insurance"
description: "CFC underwrites R&W itself, with up to $50 million per deal, $150 million of excess on certain fundamental reps, and 24-hour policies for deals under $20 million. USI is a private-equity broker that reviews your deal documents and has a local team handle the acquired company’s insurance after close."
canonical: "https://spot.insure/compare/cfc-vs-usi/representations-warranties"
page-type: "line-comparison"
updated-at: "2026-09-29"
comparison-pair: "cfc-vs-usi"
provider-a: "cfc"
provider-b: "usi"
coverage-line: "representations-warranties"
---

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

## Agent Guide

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

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

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

# CFC vs USI Insurance Services: How Do They Compare for Representations and Warranties Insurance?

CFC underwrites transaction liability with up to $50 million per transaction; USI Insurance Services brokers R&W for private-equity deal teams and reviews offering and purchase agreements for risks before closing.

CFC underwrites R&W with up to $50 million per deal, $150 million excess on fundamental reps and 24-hour cover for deals under $20 million; USI is a broker that reviews deal documents and services the target’s insurance after close.

## CFC vs USI Insurance Services Representations and Warranties Insurance Summary

CFC underwrites R&W itself, with up to $50 million per deal, $150 million of excess on certain fundamental reps, and 24-hour policies for deals under $20 million. USI is a private-equity broker that reviews your deal documents and has a local team handle the acquired company’s insurance after close. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") [3](https://www.usi.com/property-casualty/private-equity "Private Equity")

## What Are the Key Differences Between CFC and USI Insurance Services Representations and Warranties Insurance?

### Stated Underwriting Capacity vs a Broker’s Placement

CFC underwrites R&W and says it can write $50 million on a transaction plus $150 million of excess on certain fundamental representations. USI doesn’t underwrite; its Private Equity practice places R&W with an insurer it doesn’t name and publishes no limits, so you see capacity only in the quote. Choose CFC if you need large or fast capacity from the insurer itself; choose USI if you’re a private-equity firm that wants a broker to review the deal and handle the target’s insurance afterward. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") [3](https://www.usi.com/property-casualty/private-equity "Private Equity")

### Document Review vs 24-Hour Small-Deal Cover

USI reads the offering memorandum and purchase-and-sale agreement to flag issues and define pre-closing liabilities. CFC doesn’t describe document review; instead it offers Buyer Protect and Seller Protect for deals under $20 million, which it says can be placed within 24 hours, even after closing. [3](https://www.usi.com/property-casualty/private-equity "Private Equity") [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC")

### Ongoing Insurance Service vs a Dedicated Claims Team

After close, USI has a local team oversee the acquired company’s insurance and benefits. CFC has a dedicated transaction-liability claims team in London and New York. USI helps you run the business you bought; CFC handles the R&W claim if a representation turns out false. [3](https://www.usi.com/property-casualty/private-equity "Private Equity") [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 USI Insurance Services Representations and Warranties Insurance Quotes?

- Ask USI which insurer it proposes, and ask CFC which Lloyd’s syndicate or A-rated insurer backs your policy. [3](https://www.usi.com/property-casualty/private-equity "Private Equity") [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC")
- Ask USI how its document review shapes the R&W submission. [3](https://www.usi.com/property-casualty/private-equity "Private Equity")
- Ask CFC whether it’s quoting Buyer Protect, Seller Protect, core capacity or excess. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC")
- Compare USI’s quoted limits with CFC’s $50 million and $150 million figures. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") [3](https://www.usi.com/property-casualty/private-equity "Private Equity")

## CFC vs USI Insurance Services Representations and Warranties Compared

| Criteria | CFC Transaction Liability Insurance | USI Private Equity Practice — Representations and Warranties 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..) | USI directs private equity and M&A inquiries to pcinquiries@usi.com or a local USI office. [3](https://www.usi.com/property-casualty/private-equity "Private Equity") (Evidence: Company-reported; scope: Contact instructions on the Private Equity practice page..) |
| 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..) | USI lists "Representations and Warranties Insurance Solutions for Uninsured Risk" among its Private Equity practice's offerings, in the context of reviewing the offering memorandum and purchase-and-sale agreement to identify pre-closing liabilities. [3](https://www.usi.com/property-casualty/private-equity "Private Equity") (Evidence: Company-reported; scope: Single catalogue line on the practice page; actual insuring agreements, exclusions and the underwriting review process are set by the R&W insurer and the deal's own diligence..) |
| 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..) | USI brokers representations and warranties (R&W) insurance as part of its Private Equity practice's deal-support services; it does not underwrite the policy itself. [3](https://www.usi.com/property-casualty/private-equity "Private Equity") (Evidence: Company-reported; scope: Private Equity practice page..) |

## About CFC and USI Insurance Services

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

## Related Pages for CFC vs USI Insurance Services

- [CFC vs USI Insurance Services](https://spot.insure/compare/cfc-vs-usi): 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)
- [USI Insurance Services Representations and Warranties Insurance](https://spot.insure/insurance-providers/usi/representations-warranties)

## Sources for CFC vs USI Insurance Services

### 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 USI Insurance Services

3. [Private Equity](https://www.usi.com/property-casualty/private-equity). USI Insurance Services; Optimizing Risk from Letter of Intent to Exit; As part of our thorough insurance due diligence, we carefully review the offering memorandum and the purchase-and-sale agreement...; USI's Private Equity Practice offers comprehensive solutions and services, including:...Representations and Warranties Insurance Solutions for Uninsured Risk.... 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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