CFC vs Coalition: Commercial Crime Insurance

Coalition distributes crime only through appointed brokers to private and not-for-profit US organizations, with limits up to $10 million that may be available; CFC includes crime in its US Management Liability package, which declines California-domiciled business.

Van Ness Partners presents a practical comparison of source materials relevant to financial crime exposures.Research updated 2026-09-29

What Are the Key Differences Between CFC and Coalition Crime Insurance?

Package Eligibility and Buying Route

CFC includes crime in US Management Liability and separately describes crime in a fintech package; its management package declines California-domiciled businesses and U.S. public companies. Coalition includes crime in Executive Risks, sold through appointed brokers to private and nonprofit organizations with up to 1,000 employees and $500 million in assets. Choose CFC if your company meets its package eligibility and wants crime alongside management liability; choose Coalition if you meet its size limits and can use an appointed broker. [5] [3] [8]

Published Limit Versus Quote-Only Terms

Coalition says Executive Risks may offer up to $10 million per coverage line. CFC publishes no crime limit, sublimit or retention, so its figures appear only on the quote and declarations. [8] [5]

What Should You Confirm in CFC and Coalition Crime Insurance Quotes?

  • Ask CFC whether the quote is the management package or the fintech package, and whether California domicile or public-company status is a decline. [5] [3]
  • Ask Coalition whether the crime limit is the advertised $10 million maximum and whether the placement is admitted Zurich paper or non-admitted. [8] [9]
  • Confirm you are a private or not-for-profit buyer if you are looking at Coalition Executive Risks. [8]
  • Get CFC’s issuing syndicate or carrier for the US policy. [6]

Crime coverage

CFC

  • role: CFC includes crime coverage inside its US Management Liability package. The reviewed management-liability materials do not offer it as a standalone product within that package. Management-liability product page and brochure; package composition as CFC describes it.company-reportedSource ↗Source ↗
  • eligibility: CFC's brochure lists California-domiciled business and US publicly traded companies among the risks it declines for the package that carries this crime coverage. Brochure's 'What we decline' list; underwriting still applies to any individual business.company-reportedSource ↗
  • coverage: CFC's brochure describes company crime cover including employee theft, funds transfer fraud, and credit card and currency fraud. Brochure's 'Crime cover' description; the issued policy wording determines the actual insuring agreements and any sub-limits.company-reportedSource ↗
  • coverage: The brochure also lists client crime, meaning fraud by clients or their staff, and on-premises and off-premises theft, as part of the crime section. Brochure's 'Crime cover' description.company-reportedSource ↗
  • coverage: CFC separately sells crime coverage for employee infidelity and third-party fraud within its fintech package. The reviewed pages do not state whether that fintech crime coverage is the same crime coverage sold inside the management-liability package. Fintech product page compared against the management-liability brochure; both accessed 2026-09-23. This does not establish overlap or difference in wording between the two products.company-reportedSource ↗Source ↗
  • limits: The reviewed brochure does not publish a dollar limit, sublimit or retention for crime coverage. Those figures appear only on the quote and declarations. Brochure as read on 2026-09-23.not-disclosedSource ↗
  • insurer: CFC's regulatory page discloses CFC Underwriting Limited's FCA authorization and CFC's Lloyd's Syndicate 1988, managed by Asta Managing Agency Ltd, but neither the regulatory page nor the management-liability brochure names the carrier or syndicate that would issue a given US crime policy. Regulatory information page and brochure as read on 2026-09-23.not-disclosedSource ↗Source ↗
  • claims: CFC provides a US claim-notification route by phone, email and online form, and says a dedicated claims adjuster manages a claim from notification through resolution. Claims page as read on 2026-09-23; not specific to crime claim outcomes or timing.company-reportedSource ↗

Coalition

  • role: Coalition designs and distributes crime insurance as one of four coverages in its Executive Risks product suite, sold through appointed brokers. Executive Risks product page as read on 2026-09-23.company-reportedSource ↗
  • coverage: Coalition says its crime coverage responds to losses from criminal activities including theft, fraud, and certain cybercrimes, flagged on the page as subject to exclusions and limitations. Executive Risks product page as read on 2026-09-23; the issued policy controls which cybercrime scenarios are actually covered.company-reportedSource ↗
  • eligibility: Coalition says Executive Risks products, including crime, are available to private and not-for-profit U.S. organizations in all 50 states and Washington, D.C., with up to $500 million in assets, up to 1,000 employees, and up to $500 million in plan assets. Executive Risks FAQ as read on 2026-09-23.company-reportedSource ↗
  • limits: Coalition says limits up to $10 million per coverage line may be available for Executive Risks products, including crime, subject to exclusions and limitations. Executive Risks FAQ as read on 2026-09-23; not a quoted or bindable limit for any specific applicant.company-reportedSource ↗
  • insurer: Coalition's disclaimer names Zurich American Insurance Company (NAIC 16535) as the admitted carrier for Executive Risks, and says Coalition Insurance Solutions, Inc. also places Executive Risks with unaffiliated insurers on a non-admitted basis, so the carrier for a specific crime policy depends on the placement route. U.S. Disclaimers page as read on 2026-09-23.company-reportedSource ↗
  • application: Coalition distributes Executive Risks, including crime, only through appointed insurance brokers rather than direct to buyers. Executive Risks product page as read on 2026-09-23.company-reportedSource ↗

Coalition offers up to $10 million per line to private and nonprofit U.S. groups (up to 1,000 employees and $500 million in assets); CFC excludes California-domiciled and U.S. public companies.

Sources consulted

  1. 01
    Commercial Insurance Guide

    California Department of Insurance · Crime · accessed 2026-09-16

  2. 02
    Claims

    CFC · Notify a claim or cyber incident; We're in it with you · accessed 2026-09-23

  3. 03
    Fintech insurance

    CFC · What does CFC's fintech policy cover? Crime coverage for employee infidelity and third-party fraud · accessed 2026-09-23

  4. 04
    Management liability

    CFC · Our management liability products: Management liability, Side A DIC · accessed 2026-09-23

  5. 05
    Management liability — United States product brochure

    CFC · Crime cover; At a glance: What we like; What we decline; What else is in the policy? · accessed 2026-09-23

  6. 06
    Regulatory information

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

  7. 07
    Social Engineering Fraud Insurance

    Chubb · Opening; coverage highlights · accessed 2026-09-16

  8. 08
    Executive Risks

    Coalition · Product Offering: Crime — covers losses that result from various criminal activities, including theft, fraud, and certain cybercrimes* (exclusions and limitations apply; see disclaimers and the policy as issued); FAQ: What type of businesses do you protect?, What limits do you offer?, What resources do you have for policyholders? · accessed 2026-09-23

  9. 09
    U.S. Disclaimers

    Coalition · Admitted Executive Risk: insurance products offered by Coalition Insurance Solutions, Inc. acting on behalf of unaffiliated insurance companies and, on an admitted basis, on behalf of Zurich American Insurance Company (NAIC # 16535) · accessed 2026-09-23

  10. 10
    Crime Terms and Conditions

    The Travelers Companies, Inc. · I.A–G, printed/PDF pages 1–4; III.RR, printed/PDF p.13; V.B.1–2, printed/PDF pp.18–20; Consideration, printed/PDF p.1; III.P p.8; V.A.3 pp.16–17; V.A.4 p.17; V.B.3 p.20; I.A.3 p.1; III.C p.7; III.S pp.8–9; III.II and III.KK p.12; III.QQ p.13; V.A.5 pp.17–18 (printed/PDF pages); IV.J–O, printed/PDF pages 14–15 · accessed 2026-09-16

  11. 11
    Crime Non-Financial Applications and Forms

    Travelers · Opening paragraph; Sample Policy Forms · accessed 2026-09-16

  12. 12
    Commercial Crime Coverage Application

    Travelers Casualty and Surety Company of America · I–III pages 1–2; IX–XI pages 3–4; V–VII, printed/PDF pages 2–3 · accessed 2026-09-16

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