What Are the Key Differences Between CFC and Simply Business General Liability Insurance?
Combined Property and Liability Policy
CFC’s Property & Casualty program places GL alongside commercial property in one policy, and its brochure lists casualty extensions for products/completed operations, pollution, tenants’ legal liability, hired/non-owned auto, employee benefits and medical expenses. Simply Business describes potential third-party injury, property damage and defense-cost protection. Ask whether the CFC combined structure fits your purchase, or request a separate GL proposal through Simply Business. [3] [4] [7]
Stated Casualty Limit and Appetite
CFC’s brochure lists a casualty limit up to $6 million and names preferred sectors such as manufacturing, distribution, non-manual services, e-commerce, retail and offices; it also lists industries it ordinarily declines. Simply Business gives small-business examples but says eligibility depends on the carrier and applicant. A business outside CFC’s stated appetite should confirm eligibility before comparing its package limit with an approved Simply Business quote. [4] [7]
Insurer and Binding
CFC does not name the carrier carrying this product in the reviewed pages. Simply Business says a quote is not guaranteed and cannot bind without panel-member approval. Ask each channel for the actual insurer and declarations; CFC’s published $6 million figure is a maximum stated for the product, not a promise of that limit to every account. [3] [8]
What Should You Confirm in CFC and Simply Business General Liability Insurance Quotes?
- Ask CFC whether the quoted casualty limit reaches $6 million and which GL extensions apply to your operations; have Simply Business identify the policy’s GL limit and any package relationship. [4] [7]
- Confirm the insurer, property/GL split, deductible and appetite for your industry in the CFC policy; ask Simply Business for carrier approval and binding confirmation. [3] [8]