What Are the Key Differences Between CFC and Risklytics Tech E&O Insurance?
E&O and Cyber in One Package vs AI-Focused Placement
CFC underwrites Technology as a package that puts cyber (network and privacy liability, business interruption, extortion, social engineering) inside the same policy as E&O, with up to $10 million, and your broker returns its US application. Risklytics is a licensed producer that places Tech E&O with specialist insurers willing to write robotics, autonomy and AI risk, and treats cyber as separate: Tech E&O pays when your product, such as a perception model mislabeling shipments, costs a customer money, while cyber covers hacks and leaks. Choose CFC if you want E&O and cyber in one policy with a high published limit; choose Risklytics if you build robotics, autonomy or AI and need insurers that will actually cover model failures. [5] [3] [4] [10] [12]
AI-Exclusion Screening Only at Risklytics
Risklytics says some insurers quietly exclude AI-related losses, and it reads every form for AI exclusions before binding. CFC's Technology pages describe no such check, so ask CFC directly how its form treats AI output. Risklytics cites a typical ask of $1 million to $5 million per claim, starts with an online application, keeps one producer on your file, and charges no broker fee on top of premium; the insurer pays its commission. [12] [11] [3]
What Should You Confirm in CFC and Risklytics Tech E&O Insurance Quotes?
- Ask Risklytics which insurer is quoting and whether the form excludes AI losses; ask CFC the same about its form. [12] [3]
- Ask CFC which insurer backs its US Technology policy; the application does not say. [4]
- If you go with Risklytics, decide whether you need a separate cyber policy. [12] [3]
- Compare Risklytics' typical $1 million to $5 million with the limit CFC quotes. [11] [3]