CFC has expanded its product suite with the addition of professional liability and technology errors and omissions (E&O). CFC is a specialist insurance provider against risk and cyber attacks. With the expansion, brokers can now auto-rate and bind admitted professional liability policies for more than 500 SMB professions. CFC’s professional liability product protects professional individuals and companies from actual or alleged errors, omissions, negligence or failure to meet a standard of care when providing advice or services to clients. Full professional liability cover will be available upon request for breach of contract, vicarious liability of subcontractors, intellectual property rights infringement and other risk exposures. The new suite is designed to meet the needs of a wide range of professionals and businesses, ranging from environmental consultants and nutritionists, to private investigators and management consultants. CFC’s admitted solution is also designed for technology service providers, software developers and hardware providers. It includes comprehensive cyber cover for cybercrime events, system damage and business interruption, while media liability cover provides protection against IP infringement allegations. Shannon Groeber, CEO of CFC USA, says: “The response to our admitted cyber product has been overwhelming, so it only made sense to add solutions for other high-volume SME lines like professional liability and tech E&O.” “Our admitted team has continued to grow since our launch in 2020, supporting thousands of brokers around the US with fit-for-purpose policies and frictionless trading. We look forward to expanding our reach even further with the addition of these new admitted solutions.”
