CFC vs Simply Business: Professional Liability / E&O Insurance

A business that wants to answer questions online and compare quotes can use Simply Business, though binding needs panel-member approval. CFC instead sells E&O as a package policy with optional add-ons and limits up to $10 million.

Kearny Risk organizes these comparisons for firms whose advice, content or technology creates professional exposures.Research updated 2026-09-30

What Are the Key Differences Between CFC and Simply Business Professional Liability (E&O) Insurance?

Policy structure and published limits

CFC sells E&O in a modular Professional Services package with optional general liability, property and cyber, and lists a maximum E&O limit of $10 million. Simply Business describes an online E&O quote comparison and leaves coverage terms to the selected policy. Businesses seeking multiple coverage parts should compare the CFC package structure with the exact carrier proposal offered through Simply Business. [3] [6]

Professional appetite and claims team

CFC lists favored consulting and specialist professions and says it ordinarily declines some classes, including financial advisors, lawyers and insurance agents. It also identifies a Claims Manager for Professions. Simply Business lists consultants, IT professionals, real-estate agents and bookkeepers as examples, without guaranteeing eligibility. Ask both providers whether your precise service class is accepted and who handles a claim. [2] [7]

What Should You Confirm in CFC and Simply Business Professional Liability (E&O) Insurance Quotes?

  • Ask CFC whether your profession falls within its appetite and which optional coverage parts and limits are selected. [3]
  • Ask Simply Business which panel carrier accepts your services and what limit, deductible and claims contact apply. [7]

Areas of coverage

CFC

  • role: CFC sells professional errors & omissions as a modular package policy it calls "Professional services" (branded on the brochure as "Miscellaneous professional liability"), which pairs E&O with optional general liability, property and cyber add-ons rather than selling E&O alone. Professional liability product page's "Professional services" tile and the miscellaneous professional liability brochure.company-reportedSource ↗Source ↗
  • insurer: The reviewed professional liability page and brochure describe CFC as the policy designer and point of contact but do not name the insurer that carries the risk for this product. Professional liability product page and professions brochure as read on 2026-09-23. CFC's own materials describe it as an underwriting manager rather than a risk-bearing insurer, so a specific carrier for this product would need to come from the quote or declarations.not-disclosedSource ↗Source ↗
  • coverage: CFC says the E&O cover includes breach of contract, bodily injury, property damage, vicarious liability of subcontractors, IP infringement, pollution liability, libel, slander, defamation, document loss and withheld fees, with worldwide legal cover. Brochure's "Comprehensive errors & omissions cover" and "Comprehensive legal cover" sections; exact wording and exclusions are set by the policy as issued.company-reportedSource ↗
  • coverage: Businesses can add a separate commercial general liability limit, property, and cyber and privacy liability to the E&O policy, plus optional umbrella liability that sits over the E&O and CGL layers. Brochure's "Modular package policy" and "Umbrella liability" sections; availability depends on underwriting.company-reportedSource ↗
  • limits: CFC's brochure lists maximum limits of $10,000,000 for E&O, $6,000,000 for CGL and $5,000,000 for umbrella, with a $0 minimum deductible, minimum premiums starting at $475-$500 depending on the coverage part, and no revenue threshold for eligibility. Brochure's "Limits, deductibles, premiums, revenue threshold" section; the terms actually issued depend on underwriting.company-reportedSource ↗
  • eligibility: CFC says it favors business, educational, environmental, food, HR, market-research, quality-assurance, security and traffic consultants, event organisers, freight brokers, loss adjusters, private investigators and trade associations, and ordinarily declines debt collectors, financial advisors, health and safety consultants, insurance agents, lawyers, mortgage brokers, pre-purchase home inspectors, stockbrokers, tour operators and valuers. Brochure's "What we love" and "What we ordinarily decline" lists; actual acceptance depends on individual underwriting.company-reportedSource ↗
  • application: CFC publishes a dedicated application form for this policy and also says its professional liability class can be traded directly through its Connect platform or through named API partners, in addition to the standard broker-submitted application. Professional liability product page's downloads and "Digitally traded" sections; not confirmed specifically for the professions/miscellaneous professional liability product versus the class as a whole.company-reportedSource ↗
  • claims: CFC lists a named Claims Manager for Professions on its claims team, indicating professional-liability claims are routed to a dedicated professions unit rather than a generalist adjuster. CFC's claims page team listing; the page does not publish claim volumes or turnaround times specific to this product.company-reportedSource ↗

Simply Business

  • coverage: The page describes protection for claims tied to professional work and lists attorney fees, court costs, settlements and judgments as costs that may be covered; policy wording controls. Company-published professional-errors-omissions information for U.S. small businesses; availability and actual policy terms depend on the insurer, state and buyer.company-reportedSource ↗
  • eligibility: Simply Business lists consultants, IT professionals, real-estate agents and bookkeepers among the business examples for which it can help find E&O coverage. The examples do not guarantee eligibility. Company-published professional-errors-omissions information for U.S. small businesses; availability and actual policy terms depend on the insurer, state and buyer.company-reportedSource ↗
  • application: The company describes an online flow to answer business questions, compare quotes and select a policy. Its Terms say an online quote is not guaranteed and binding requires panel-member approval. Company-published professional-errors-omissions information for U.S. small businesses; availability and actual policy terms depend on the insurer, state and buyer.company-reportedSource ↗Source ↗

CFC names favored and declined professions, publishes minimum-premium information and has a dedicated professions claims manager. Simply Business gives example occupations but makes eligibility carrier-dependent.

Sources reviewed

  1. 01
    Claims

    CFC · Our claims team: Professions team, led by Laura Bennett, Claims Manager, Professions Claims & Kidnap, War & Piracy (KWP) · accessed 2026-09-23

  2. 02
    Miscellaneous professional liability | Product brochure | United States

    CFC · Comprehensive errors & omissions cover; Modular package policy; Umbrella liability; At a glance: What we love / What we ordinarily decline; Optional extras; Limits, deductibles, premiums, revenue threshold · accessed 2026-09-23

  3. 03
    Professional liability

    CFC · Professional services tile description; Digitally traded Connect section; downloads (brochure, application form) · accessed 2026-09-23

  4. 04
    Professional Liability – US Direct Errors and Omissions Insurance

    Hiscox Inc. specimen · About this Policy / Coverage for Claims Made Against You; I.A Insuring Agreement; I.B Defense; I.C Settlement; II.A Notice of Claims; II.C Optional Extended Reporting Period; III.A, III.K, III.M, III.R, III.S Exclusions; IV.A–B Limits and Deductible; VI.O Professional Services; VI.U Wrongful Act · accessed 2026-09-16

  5. 05
    Professional liability insurance

    Insurance Information Institute · Opening paragraphs (professional services/advice and E&O name); Claims not covered by general liability; What types of businesses need professional liability insurance?; What’s covered… and what’s not (claims-made versus occurrence, defense and judgments, non-financial/intentional limits, BOP/in-home exclusion) · accessed 2026-09-16

  6. 06
    Professional Liability Insurance Coverage

    Simply Business · Coverage lines 45–100; buyer examples lines 101–158; online quote steps lines 237–260. · accessed 2026-09-29

  7. 07
    Terms of Service

    Simply Business · Dated June 30, 2026; §1 lines 22–28; §8 lines 87–113; §10 lines 143–149; §19 line 211. · accessed 2026-09-29

  8. 08
    FAQ: Professional liability insurance

    Texas Department of Insurance · What’s professional liability coverage?; What types of damages…; What’s general liability insurance?; Do I need professional liability… if I have general liability…?; Is professional liability insurance required?; Can a client require…?; What’s the difference between occurrence policies and claims-made policies · accessed 2026-09-16

  9. 09
    Get business insurance

    U.S. Small Business Administration · Six common types of business insurance table · accessed 2026-09-16

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