What Are the Key Differences Between CFC and Newfront Tech E&O Insurance?
Set Package vs Negotiated Wording
CFC underwrites a Technology package whose brochure lists products-and-services liability, contract, IP and media, and cyber in one form. Newfront's Cyber Risk practice places Technology E&O and says its Tech E&O and Cyber team negotiates bespoke language for the broadest terms available; it doesn't underwrite. Choose CFC if you want known cover and limits now; choose Newfront if your customer contracts need wording tailored to them. [3] [5] [10]
$10 Million Published vs Modeled Limits
CFC publishes a $10,000,000 E&O/media/cyber maximum and a $0 minimum deductible. Newfront says it uses proprietary modeling data to pick limits that match your exposure and risk tolerance, but publishes no limits, retentions, premiums or insurer. With CFC you know the ceiling; with Newfront you get a recommendation. [3] [10]
Built-In Incident Response vs Hands-On Claims Consulting
CFC gives policyholders incident response at a $0 deductible on a separate limit and a free monitoring app, and its US application goes through your broker. Newfront assesses your cyber setup, negotiates and places cover, and offers hands-on claims consulting before and after a breach or claim; you start with a consultation. [3] [4] [10] [11]
What Should You Confirm in CFC and Newfront Tech E&O Insurance Quotes?
- Ask Newfront which insurers it will approach and whether Tech E&O and cyber share one form or two. [10]
- Ask Newfront for its modeled limit recommendation in writing. [10]
- Compare Newfront's negotiated wording with CFC's contract and IP cover. [3]
- Ask who handles a Tech E&O claim at Newfront, and confirm CFC's incident response sits on a separate limit. [10] [3]