--- title: "CFC Representations and Warranties Insurance" description: "What CFC Representations and Warranties Insurance covers, its limits and retentions, and how to apply, cited to CFC’s own published sources." canonical: "https://spot.insure/insurance-providers/cfc/representations-warranties" page-type: "offering-page" updated-at: "2026-09-23" --- 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, compare_providers for sourced comparisons, get_provider_score for a published Spot Score, get_rankings for current provider rankings, search_provider_reliability to filter Spot 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/insurance-providers/cfc/representations-warranties) # CFC Representations and Warranties Insurance CFC Transaction Liability Insurance 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.) ## Issuing Insurer - CFC says it underwrites transaction liability business on behalf of Lloyd's of London syndicates and insurance companies rated 'A' or better by AM Best, without naming a specific carrier for any individual deal. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") (Evidence: Company-reported; scope: Limit & appetite section of the product page; the specific carrier for a given policy would appear on that policy's documents.) ## 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.) - 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.) - 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.) ## Limits and Retentions - CFC says it can underwrite up to $50 million of limit on a single transaction, or up to $150 million of excess coverage 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: Limit & appetite section of the product page.) ## 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.) ## Claims Support - CFC has a dedicated transaction liability claims team in its London and New York offices, says it has handled nearly 300 claims to date, and aims to send an acknowledgement within 24 hours of a claim notification. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") (Evidence: Company-reported; scope: Claims section of the product page; outcome statistics are company-reported and not independently verified.) ## CFC Representations and Warranties Insurance Compared - [CFC vs Beazley](https://spot.insure/compare/beazley-vs-cfc/representations-warranties) - [CFC vs Chubb](https://spot.insure/compare/cfc-vs-chubb/representations-warranties) - [CFC vs Corgi](https://spot.insure/compare/cfc-vs-corgi/representations-warranties) - [CFC vs Coverdash](https://spot.insure/compare/cfc-vs-coverdash/representations-warranties) - [CFC vs Founder Shield](https://spot.insure/compare/cfc-vs-foundershield/representations-warranties) - [CFC vs Gallagher](https://spot.insure/compare/cfc-vs-gallagher/representations-warranties) ## Other CFC Coverage Lines - [CFC Commercial Property Insurance](https://spot.insure/insurance-providers/cfc/commercial-property) - [CFC Crime Insurance](https://spot.insure/insurance-providers/cfc/crime) - [CFC Cyber Insurance](https://spot.insure/insurance-providers/cfc/cyber) - [CFC D&O Insurance](https://spot.insure/insurance-providers/cfc/directors-officers) - [CFC Employment Practices Liability Insurance](https://spot.insure/insurance-providers/cfc/employment-practices) - [CFC General Liability Insurance](https://spot.insure/insurance-providers/cfc/general-liability) - [CFC Intellectual Property Insurance](https://spot.insure/insurance-providers/cfc/intellectual-property) - [CFC Kidnap and Ransom Insurance](https://spot.insure/insurance-providers/cfc/kidnap-ransom) - [CFC Management Liability Insurance](https://spot.insure/insurance-providers/cfc/management-liability) - [CFC Media Liability Insurance](https://spot.insure/insurance-providers/cfc/media) - [CFC Product Liability Insurance](https://spot.insure/insurance-providers/cfc/product-liability) - [CFC Product Recall Insurance](https://spot.insure/insurance-providers/cfc/product-recall) - [CFC Professional Liability (E&O) Insurance](https://spot.insure/insurance-providers/cfc/professional-errors-omissions) - [CFC Tech E&O Insurance](https://spot.insure/insurance-providers/cfc/technology-errors-omissions) - [CFC Telehealth Insurance](https://spot.insure/insurance-providers/cfc/virtual-care-telehealth) - [CFC Umbrella and Excess Liability Insurance](https://spot.insure/insurance-providers/cfc/umbrella-excess) ## Related - [CFC Profile](https://spot.insure/insurance-providers/cfc) - [CFC Reliability](https://spot.insure/insurance-providers/cfc/reliability) - [CFC Alternatives](https://spot.insure/insurance-providers/cfc/alternatives) - [Coverage Guide: Representations and warranties](https://spot.insure/coverage/representations-warranties) ## Sources 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. Updated 2026-09-23. Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. [Editorial policy](https://spot.insure/editorial-policy). 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