What Are the Key Differences Between CFC and Corgi Representations and Warranties Insurance?
Published Capacity and Fast Small-Deal Cover vs a Specialty Quote
CFC's Transaction Liability practice writes R&W for buyers and sellers, with up to $50 million on a single deal and up to $150 million of excess on certain fundamental representations. Its standalone Buyer Protect and Seller Protect products cover deals under $20 million and can be placed within 24 hours of an application, even after closing. Corgi lists R&W as a specialty coverage quoted in 1–14 days, with a one-sentence description and no deal-size band. Choose CFC if your deal is under $20 million and closing soon, or needs a known limit; choose Corgi if you're a startup already insured with Corgi and want to ask about R&W there. [3] [6] [4]
Claims Handling
CFC has a dedicated transaction-liability claims team in London and New York that aims to acknowledge a notice within 24 hours. Corgi doesn't describe claims handling or due-diligence support for R&W. [3] [6]
What Should You Confirm in CFC and Corgi Representations and Warranties Insurance Quotes?
- Ask CFC which product you're being quoted (core transaction liability, Buyer Protect, Seller Protect or secondary liquidity) and which insurer backs it; CFC writes for Lloyd's syndicates and insurers rated A or better by AM Best. [3]
- Ask Corgi who issues the policy, whether it's writing or brokering it, and whether 1–14 days is the time to quote or to bind. [4] [5]
- Get limits and retentions from Corgi in writing. [3] [6]
- If your deal is over $20 million, ask CFC for the core policy rather than a Protect product. [3] [6]