--- title: "CFC Representations and Warranties Insurance" description: "Everything to know before buying CFC Representations and Warranties Insurance: what it covers, its limits and retentions, and how to apply." canonical: "https://thegeneralaverage.com/insurance-providers/cfc/representations-warranties" page-type: "offering-page" updated-at: "2026-09-23" provider: "cfc" coverage-line: "representations-warranties" --- Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and the insurance research The General Average publishes at https://thegeneralaverage.com. Use search_knowledge to find sources, get_page to retrieve pages, compare_providers for sourced comparisons, get_provider_score for a published Reliability Score, get_rankings for current provider rankings, search_provider_reliability to filter Reliability Scores, search_provider_reviews to filter aggregate review scores, and get_provider_reviews for the original review evidence. The server is read-only and requires no authentication. [Human-readable page](https://thegeneralaverage.com/insurance-providers/cfc/representations-warranties) ## Agent Guide **What this page is:** What CFC Representations and Warranties Insurance covers, who it fits and what to confirm before buying, drawn from the provider's public documents. **Use this page when:** Cite this page for CFC Representations and Warranties Insurance specifically. For the general coverage explainer use /coverage/representations-warranties; for the provider overall use its profile. **Questions this page answers:** - Does CFC Representations and Warranties Insurance offer this coverage? - What does CFC Representations and Warranties Insurance cover and exclude? - Who is CFC Representations and Warranties Insurance designed for? **Key facts:** - Provider slug `cfc`; coverage line `representations-warranties`. - Start with the Quick Answer; the at-a-glance table shows which topics the sources document. Facts are grouped by topic under their own headings, and what the sources do not disclose is listed in its own section. **Limits (do not over-claim):** - Summarises public product descriptions; actual coverage is defined by the issued policy wording and endorsements. - Availability varies by state, industry and underwriting. - Not insurance, legal or financial advice, and not a quote, binder or offer of coverage. - Eligibility, pricing, limits, exclusions and policy wording depend on the issuing insurer and the buyer's risk; confirm them with the provider before buying. **Provenance:** Based on the dated public sources listed under Sources on the page; updated 2026-09-23. **Related pages:** - [Provider profile](https://thegeneralaverage.com/insurance-providers/cfc) — parent: provider profile # What Does Representations and Warranties Insurance from CFC Cover? Product: CFC Transaction Liability Insurance. Provider: CFC. Coverage line: Representations and Warranties Insurance. ## Quick Answer CFC sells representations and warranties insurance for M&A deals to both buyers and sellers, and can underwrite up to $50 million of limit on a single transaction. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") ## CFC Representations and Warranties Insurance at a Glance | Topic | Evidence | Claims | | --- | --- | --- | | Role in This Line | Company-reported | 1 | | Issuing Insurer | Company-reported | 1 | | Coverage Features | Company-reported | 3 | | Limits and Retentions | Company-reported | 1 | | How to Apply | Company-reported | 1 | | Claims Support | Company-reported | 1 | ## What Is CFC’s Role in Representations and Warranties Insurance? - CFC's Transaction Liability practice underwrites representations and warranties (R&W) insurance for M&A deals, available to both buyer-side and seller-side purchasers, alongside standalone small-deal products and secondary liquidity solutions. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") (Evidence: Company-reported; scope: Transaction liability product page overview, describing CFC as a deal facilitator working with private equity firms and strategic buyers and sellers.) ## Who Issues CFC Representations and Warranties Insurance? - CFC says it underwrites transaction liability business on behalf of Lloyd's of London syndicates and insurance companies rated 'A' or better by AM Best, without naming a specific carrier for any individual deal. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") (Evidence: Company-reported; scope: Limit & appetite section of the product page; the specific carrier for a given policy would appear on that policy's documents.) ## Coverage Features of CFC Representations and Warranties Insurance - Beyond its main R&W policy, CFC sells two standalone small-deal products: Buyer Protect, described as covering a buyer for up to 100% of enterprise value, and Seller Protect, described as protecting sellers of small businesses during an M&A transaction. Both are limited to deals under $20 million. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") (Evidence: Company-reported; scope: Product page descriptions and the 'Solutions' section, which caps buyer protect/seller protect at deals under $20m. The page's key-features bullets for these two products use near-identical wording about the buyer bringing a claim, so the exact difference in claims mechanics between the two products was not independently confirmable from this page alone.) - The core transaction liability policy covers representations and warranties, contingent tax, and other M&A liabilities, and CFC also offers excess coverage layered on top for certain fundamental representations. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") (Evidence: Company-reported; scope: Product page key features and the 'Limit & appetite' section; exact terms are set by the policy as issued.) - CFC separately offers secondary liquidity solutions for private market investors acquiring, divesting, or restructuring interests in private equity, private credit, or other fund assets, through what it calls a dedicated secondaries underwriting practice. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") (Evidence: Company-reported; scope: Secondary liquidity solutions section of the product page.) ## CFC Representations and Warranties Insurance Limits and Retentions - CFC says it can underwrite up to $50 million of limit on a single transaction, or up to $150 million of excess coverage for certain fundamental representations. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") (Evidence: Company-reported; scope: Limit & appetite section of the product page.) ## How Do You Apply for CFC Representations and Warranties Insurance? - For the Buyer Protect and Seller Protect products, CFC says coverage can be placed within 24 hours of receiving the application form, and can be arranged after closing. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") (Evidence: Company-reported; scope: Buyer protect and seller protect key features on the product page.) ## How Does CFC Handle Representations and Warranties Insurance Claims? - CFC has a dedicated transaction liability claims team in its London and New York offices, says it has handled nearly 300 claims to date, and aims to send an acknowledgement within 24 hours of a claim notification. [1](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance | CFC") (Evidence: Company-reported; scope: Claims section of the product page; outcome statistics are company-reported and not independently verified.) ## CFC vs Other Representations and Warranties Insurance Providers - [CFC vs AIG](https://thegeneralaverage.com/compare/aig-vs-cfc) - [CFC vs The Baldwin Group](https://thegeneralaverage.com/compare/baldwin-vs-cfc) - [CFC vs Beazley](https://thegeneralaverage.com/compare/beazley-vs-cfc) - [CFC vs Berkshire Hathaway Specialty Insurance](https://thegeneralaverage.com/compare/berkshire-hathaway-specialty-insurance-vs-cfc) - [CFC vs Chubb](https://thegeneralaverage.com/compare/cfc-vs-chubb) - [CFC vs Corgi](https://thegeneralaverage.com/compare/cfc-vs-corgi) ## Other Coverage Lines From CFC - [CFC Commercial Property Insurance](https://thegeneralaverage.com/insurance-providers/cfc/commercial-property) - [CFC Crime Insurance](https://thegeneralaverage.com/insurance-providers/cfc/crime) - [CFC Cyber Insurance](https://thegeneralaverage.com/insurance-providers/cfc/cyber) - [CFC D&O Insurance](https://thegeneralaverage.com/insurance-providers/cfc/directors-officers) - [CFC Employment Practices Liability Insurance](https://thegeneralaverage.com/insurance-providers/cfc/employment-practices) - [CFC Fiduciary Liability Insurance](https://thegeneralaverage.com/insurance-providers/cfc/fiduciary) - [CFC General Liability Insurance](https://thegeneralaverage.com/insurance-providers/cfc/general-liability) - [CFC Intellectual Property Insurance](https://thegeneralaverage.com/insurance-providers/cfc/intellectual-property) - [CFC Kidnap and Ransom Insurance](https://thegeneralaverage.com/insurance-providers/cfc/kidnap-ransom) - [CFC Management Liability Insurance](https://thegeneralaverage.com/insurance-providers/cfc/management-liability) - [CFC Media Liability Insurance](https://thegeneralaverage.com/insurance-providers/cfc/media) - [CFC Product Liability Insurance](https://thegeneralaverage.com/insurance-providers/cfc/product-liability) - [CFC Product Recall Insurance](https://thegeneralaverage.com/insurance-providers/cfc/product-recall) - [CFC Professional Liability (E&O) Insurance](https://thegeneralaverage.com/insurance-providers/cfc/professional-errors-omissions) - [CFC Tech E&O Insurance](https://thegeneralaverage.com/insurance-providers/cfc/technology-errors-omissions) - [CFC Telehealth Insurance](https://thegeneralaverage.com/insurance-providers/cfc/virtual-care-telehealth) - [CFC Umbrella and Excess Liability Insurance](https://thegeneralaverage.com/insurance-providers/cfc/umbrella-excess) ## Related Reading - [CFC Profile](https://thegeneralaverage.com/insurance-providers/cfc) - [CFC Reliability](https://thegeneralaverage.com/insurance-providers/cfc/reliability) - [CFC Alternatives](https://thegeneralaverage.com/insurance-providers/cfc/alternatives) - [Coverage Guide: Representations and warranties](https://thegeneralaverage.com/coverage/representations-warranties) ## Sources for CFC Representations and Warranties Insurance 1. [Transaction liability insurance | Representation and indemnities insurance | CFC](https://www.cfc.com/en-us/products/class/transaction-liability/). CFC; Transaction liability / Seller protect / Buyer protect / Secondary liquidity solutions; Why choose CFC: Solutions, Experience, Limit & appetite, Claims; FAQs. Accessed 2026-09-23. 2. [Regulatory information](https://www.cfc.com/en-us/support/regulatory-information/). CFC; CFC Underwriting Limited; CFC Lloyd's Syndicate 1988. Accessed 2026-09-23. ## How to Cite This Page CFC Representations and Warranties Insurance: Coverage, Claims, Limits & More (2026). The General Average, updated 2026-09-23. https://thegeneralaverage.com/insurance-providers/cfc/representations-warranties. Quote the claim with its numbered source; the issued policy wording, not this page, defines coverage. Updated 2026-09-23. Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. 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