What Are the Key Differences Between CFC and Newfront Crime Insurance?
Company Eligibility and Advisory Service
CFC includes crime in US Management Liability but declines California-domiciled businesses and U.S. public companies. Newfront describes Executive Risk work with private companies from seed through every funding series and more than 500 publicly traded companies; it starts a crime placement through a consultation request. Choose Newfront if your company is publicly traded or still raising funding and wants an Executive Risk broker; choose CFC if your company meets its eligibility and you want a management-liability package. [5] [8]
How Much Detail the Coverage Lists Give
CFC’s brochure describes company crime including employee theft, funds-transfer fraud, and credit-card and currency fraud, plus client crime and on- or off-premises theft. Newfront lists Fidelity and Crime among Key Coverages but does not separately describe crime-specific insuring agreements such as employee theft, computer fraud or funds-transfer fraud. [5] [8]
Dashboard, Claims and Paper
Newfront says clients get 24/7 access to policies, certificates and billing through its connected dashboard, that renewal submissions use pre-populated historical data, and that it provides integrated claims and coverage negotiation for Executive Risk lines. You start a crime placement by requesting a consultation through the Executive Risk page. CFC provides a US claim-notification route and a dedicated adjuster. Neither Newfront’s Executive Risk page nor CFC’s regulatory page names the insurer that would issue a given crime policy. [8] [2] [6]
What Should You Confirm in CFC and Newfront Crime Insurance Quotes?
- Ask Newfront which carrier is quoting fidelity and crime and which insuring agreements are on the form. [8]
- Ask CFC whether a public company or California-domiciled business is declined, and whether crime is the management or fintech package. [5] [3]
- Confirm how Newfront’s integrated claims negotiation would apply to a crime loss versus CFC’s dedicated adjuster. [8] [2]
- Get limits and retentions from both; Newfront’s page does not publish them. [8] [5]