CFC vs Markel: Technology E&O Insurance

Markel Insurance addresses IT service firms, software and SaaS companies, hardware makers and consultants, and asks you to contact its underwriting team. CFC adds a published $10,000,000 limit and a $0 minimum deductible.

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 Markel Insurance Tech E&O Insurance?

One Technology Package and Stated Limit

CFC's Technology product bundles E&O, breach-of-contract and IP liability, media liability, and cyber coverage; it publishes a $10 million maximum for E&O/media/cyber and a $6 million maximum for general liability. Markel describes professional liability for technology services, including software/SaaS, hardware, and consulting, but the reviewed claim does not state a limit or package structure. A company seeking a combined placement can ask CFC how the aggregate applies across sections and ask Markel which limits are available. [3] [8]

Incident Response and Cyber Services

CFC gives policyholders incident response at a $0 deductible on a limit separate from the main policy, plus an app with dark-web monitoring, phishing simulations, and network scanning. Markel's Tech E&O record does not describe incident-response or security services. Ask Markel whether any risk services accompany its technology liability placement, and compare CFC's separate response limit with the main policy limit. [3] [8]

Underwriting Information

CFC's US application requests annual revenue by year, funding history, subcontractor and hosting arrangements, and MFA practices, and is returned through an insurance broker. Markel's product description asks buyers to contact its team but does not list comparable submission fields. Gather these operating details early if comparing a CFC package with a Markel proposal. [4] [8]

What Should You Confirm in CFC and Markel Insurance Tech E&O Insurance Quotes?

  • Ask CFC whether the $10 million limit is shared across E&O, media, and cyber and what the separate incident-response limit is. [3]

  • Ask Markel for the Tech E&O limit, whether cyber is separate, and any incident-response or security services included with the quote. [8]

CFC combines technology E&O, contract and IP liability, media, and cyber in one package with a published $10 million maximum for E&O/media/cyber and separate-limit incident response. Markel describes professional liability for technology services but no comparable limits in its record.

Sources reviewed

  1. 01
    Chubb DigiTech Enterprise Risk Management Policy — Technology E&O, Cyber and Privacy Short Form Application

    ACE American Insurance Company / Chubb · Claims-made notice p.1; §2 Nature of Operations product/service schedule pp.2–3; §7 Technology E&O pp.4–5; §9–10 current and desired coverage pp.5–6 · accessed 2026-09-16

  2. 02
    Regulatory information

    CFC · CFC Underwriting Limited; CFC Lloyd's Syndicate 1988; CFC USA Inc. · accessed 2026-09-23

  3. 03
    Technology | Product brochure (United States)

    CFC · Products and services liability; Breach of contract; IP infringement and media liability; Comprehensive cyber cover; Response app highlights; Limits and deductibles table · accessed 2026-09-23

  4. 04
    Technology companies Insurance application form (US)

    CFC · Section 1: Company Details; Section 2: Activities; Section 3: Contract & Risk Management; Section 4: Cyber Security Risk Management; Section 6: Insurance Requirements; footer entity line · accessed 2026-09-23

  5. 05
    Technology insurance | Start-ups and tech companies | CFC

    CFC · Technology product summary; Key features: Products and services liability, Breach of contract, IP rights infringement and media liability, Comprehensive cyber cover and incident response; Downloads · accessed 2026-09-23

  6. 06
    DigiTech Enterprise Risk Management

    Chubb · Coverage Synopsis > Third-Party Liability Coverage > Technology Errors and Omissions; Cyber, Privacy and Network Security Liability; footer product-summary disclaimer · accessed 2026-09-16

  7. 07
    Insurance and Bonding Guidelines

    Georgia Department of Administrative Services · Professional Liability / Errors and Omissions p.6; Technology Errors & Omissions (Cyber Liability) §9 pp.7–8 · accessed 2026-09-16

  8. 08
    IT Professionals E&O Insurance

    Markel · Who is this for; software/SaaS, hardware, consultants; professional liability and cyber sections. · accessed 2026-09-30

  9. 09
    Glossary of Insurance Terms

    National Association of Insurance Commissioners · Professional Errors and Omissions Liability; Errors and Omissions Liability | Professional Liability other than Medical · accessed 2026-09-16

  10. 10
    Appendix J – Contractor’s Insurance Requirements, Information Technology Umbrella Contract – Manufacturer Based (Statewide)

    New York State Office of General Services · §4 Technology Errors and Omissions, printed p.6 / PDF p.6; claims-made tail note · accessed 2026-09-16

  11. 11
    Technology Errors and Omissions Insurance

    The Hartford · What Is Technology Errors and Omissions Insurance?; differences between cyber liability and errors and omissions; How Technology Errors and Omissions Insurance Works With Contracts · accessed 2026-09-16

  12. 12
    Cyber Risk for Technology Companies

    Travelers · CyberRisk Tech coverage includes… technology errors and omissions; businesses can choose cyber protection, E&O protection or both; E&O coverage helps address… errors, omissions or negligent acts in the performance of its services · accessed 2026-09-16

Areas of coverage

CFC

  • role: CFC's Technology product is a single package policy for technology companies that bundles errors & omissions liability, breach-of-contract cover, IP infringement and media liability, and cyber cover. Technology product page and US product brochure; the policy as issued controls the exact scope for any one customer.company-reportedSource ↗Source ↗
  • insurer: The Technology application form names only CFC Underwriting Limited, a UK entity authorized and regulated by the Financial Conduct Authority, as the party administering the form. Neither the Technology product page nor the application discloses which specific insurer or Lloyd's syndicate capacity backs a given US Technology policy. Technology application footer and the regulatory information page, both checked on 2026-09-23; CFC's US arm, CFC USA Inc., separately holds admitted producer licenses and E&S authorization in NY, TX, GA and CA, but that page does not tie a specific license to the Technology product.not-disclosedSource ↗Source ↗
  • coverage: CFC describes coverage for financial loss, bodily injury or property damage arising from a technology company's products and services, plus legal liability for breach of client contracts and IP infringement claims such as copyright and trademark disputes. Product brochure feature descriptions; exclusions and conditions are set by the policy wording, which was not reviewed.company-reportedSource ↗
  • coverage: The cyber portion of the policy includes network and privacy liability, business interruption, data rectification and recreation costs, extortion cover, and social engineering coverage, sitting inside the same Technology package rather than as a separate purchase. Product brochure 'Comprehensive cyber cover' section.company-reportedSource ↗
  • limits: CFC publishes a maximum errors & omissions/media/cyber limit of $10,000,000 and a maximum commercial general liability limit of $6,000,000 for this product, with a minimum deductible of $0. Brochure 'Limits and deductibles' table; the limit and deductible on an individual policy's declarations control.company-reportedSource ↗
  • services: Policyholders get access to CFC's incident response service at a $0 deductible, sitting on a limit separate from the main policy limit, plus a free app with dark web monitoring, phishing simulations and network deep scanning. Brochure 'Market leading cyber incident response' and 'Response app highlights' sections; CFC calls its incident response team one of the largest in-house teams in the industry, a characterization not independently verified here.company-reportedSource ↗
  • application: The US Technology application asks for company revenue by year, funding-round history, subcontractor and hosting arrangements, and whether multi-factor authentication is enforced for remote network access and email; it is returned to your insurance broker. Application form Sections 1, 2 and 4; CFC also lists Connect and named API partners as digital trading channels on the product page, which may bypass a paper application for some brokers.company-reportedSource ↗Source ↗
  • eligibility: CFC says the Technology product is suitable for start-ups, mid-size and multinational tech companies, without publishing a specific revenue or headcount cutoff on the product page. Technology product page introduction; actual eligibility for a given applicant depends on underwriting review of the application.company-reportedSource ↗

Markel Insurance

  • role: Markel describes offering technology errors omissions for the audience stated on the cited product page. technology errors omissions marketed by markel; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement.company-reportedSource ↗
  • eligibility: IT and technology service businesses, including software/SaaS, hardware businesses, and consultants listed by Markel. technology errors omissions marketed by markel; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement.company-reportedSource ↗
  • coverage: The cited product page describes professional liability for broadly defined technology services, including software/SaaS, hardware, and consulting examples. Marketing description only; actual coverage, exclusions, conditions, limits, and availability depend on the issued policy and jurisdiction. technology errors omissions marketed by markel; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement.company-reportedSource ↗
  • application: The page invites prospective customers or brokers to contact Markel or the named underwriting team. The page does not establish a quote, bind, or coverage-effective timeline. technology errors omissions marketed by markel; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement.company-reportedSource ↗
  • limits: The cited overview does not set a universal limit or retention for this line. Ask for the proposed policy form, limits, retentions, exclusions, and conditions in the quote. Only the cited marketing page was reviewed for published limit and retention information; no policy-form entitlement is inferred.not-disclosedSource ↗

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