A single wire fraud incident can erase six figures from a community bank's operating account in under ninety minutes. A core processor outage can freeze every customer transaction for hours, triggering regulatory scrutiny and reputational damage that lasts far longer. For banks, credit unions, and fintech companies operating with lean teams and tight margins, a cyber insurance policy that actually responds to these scenarios is not optional: it is a financial control. Yet most policies sold to financial institutions are general-purpose forms that leave critical gaps around funds transfer fraud, account takeover losses, and the specific regulatory obligations that come with handling nonpublic personal information under the Gramm-Leach-Bliley Act. This guide breaks down the exposures unique to financial services, the coverage grants that matter, and the policy structure questions you should be asking before you bind. If you are a CFO, risk manager, or IT lead at a financial institution with 10 to 500 employees, the details here are written for you.
The Evolving Cyber Risk Landscape for Financial Institutions
Financial institutions sit at the intersection of high-value transactions and dense personal data, making them a persistent target. The FBI's Internet Crime Complaint Center reported that business email compromise alone accounted for nearly $8.5 billion in losses over a recent three-year period, with financial services firms disproportionately represented. Ransomware frequency has shifted, but social engineering attacks targeting wire desks and treasury operations have accelerated.
The threat profile for a $200 million community bank looks different from that of a Series B fintech processing ACH payments. Yet both share a common vulnerability: their reliance on trusted communication channels that attackers can intercept or impersonate. Understanding these specific risk categories is the first step toward structuring a policy that will not leave you arguing with an adjuster after a loss.
Wire and Funds Transfer Fraud Risks
Wire fraud in financial services typically follows one of two patterns. In the first, an attacker compromises an employee's email and issues fraudulent wire instructions internally. In the second, the attacker impersonates a customer or vendor and convinces the institution to send funds to a controlled account. Both scenarios create direct financial loss, and both frequently fall into coverage gaps.
Many standard cyber policies exclude "voluntary parting of funds" or limit social engineering coverage to a sublimit of $100,000 or $250,000: a fraction of what a single fraudulent wire can cost. The policy language around "computer fraud" versus "social engineering fraud" matters enormously. A claim denied because the loss resulted from a phone call rather than a network intrusion is not hypothetical; it is a routine coverage dispute. You need to confirm whether your policy's funds transfer fraud insuring agreement covers manipulation of employees, not just manipulation of computer systems.
The Rise of Customer Account Takeover (ATO)
Account takeover attacks against financial institution customers have grown sharply. Credential stuffing, SIM swapping, and phishing kits designed to bypass multi-factor authentication are now commodity tools. ATO losses in the financial sector exceeded $13 billion in recent reporting periods, and the liability question for the institution is rarely straightforward.
When a customer's account is drained through an ATO attack, who bears the loss? Regulation E provides some consumer protections for electronic fund transfers, but the institution's exposure depends on whether it can demonstrate commercially reasonable security procedures. Your cyber policy may cover the forensic investigation and legal defense, but the actual customer reimbursement may require a separate crime or fidelity endorsement. This is exactly the kind of gap that goes unnoticed until a claim is filed.
By: Caden Braly
Founder of Bloc Cyber Insurance
INDEX
Bloc Cyber and Its Licensed Producers Are Authorized to Place Cyber Coverage in All 50 U.S. States and The District of Columbia.
Cyber liability insurance covers the financial losses your business faces after a cyberattack or data breach. This page explains what the coverage includes, who needs it, what it costs, and how Bloc Cyber helps you get protected fast.
We start with a twenty-minute call to walk through your contracts, your draw process, your tech stack, and the last twelve months of attempted fraud. From there we go to market with ten-plus carriers, benchmark terms side-by-side, and present the options in plain language with recommended limits and retentions. Most intakes get indicative terms within one business day.
Meeting GLBA Safeguards Rule Obligations
The Gramm-Leach-Bliley Act and its implementing Safeguards Rule impose specific data protection requirements on financial institutions, including many fintech companies that handle consumer financial data. The FTC's updated Safeguards Rule, fully enforced since 2023, added prescriptive technical requirements that go well beyond "reasonable security." Non-banking financial institutions are now required to notify the FTC of any security event involving the unencrypted nonpublic personal information of 500 or more consumers. This notification obligation creates direct regulatory exposure that your cyber policy needs to address.
Failing to comply with the Safeguards Rule does not just invite FTC enforcement actions. It can also become the basis for state attorney general investigations and private litigation. A cyber policy that covers regulatory defense costs and potential fines or penalties (where insurable by law) is a critical backstop.
Technical Requirements for Data Protection
The updated Safeguards Rule requires a written information security program, a designated qualified individual overseeing it, risk assessments, access controls, encryption of customer data both in transit and at rest, multi-factor authentication, and continuous monitoring. These are not suggestions. They are auditable requirements, and data breach notification obligations under the Safeguards Rule now carry real enforcement teeth.
From an insurance perspective, your compliance posture directly affects your ability to get favorable terms. Carriers underwriting financial institutions will ask about MFA deployment, encryption standards, and endpoint detection. Gaps in these controls can result in higher retentions, coverage exclusions, or outright declinations. At Bloc Cyber, the form-level review process specifically examines whether the policy's conditions and exclusions could be triggered by known compliance shortfalls, so you understand your exposure before binding.
Incident Response Planning and Cyber Insurance
A written incident response plan is both a Safeguards Rule requirement and a practical necessity. Your plan should identify the breach response team, outline forensic investigation procedures, establish notification timelines for regulators and affected consumers, and assign decision-making authority for containment steps. The plan also needs to align with your cyber policy's claims reporting requirements.
Most policies impose a duty to report claims "as soon as practicable" or within a specific window. Late notice can jeopardize coverage entirely. Your incident response plan and your policy's reporting obligations should be reviewed side by side. If your plan directs your team to spend 72 hours investigating before escalating, but your policy requires notice within 48 hours of discovering a potential event, you have a structural conflict that needs to be resolved before a breach occurs.
We start with a twenty-minute call to walk through your contracts, your draw process, your tech stack, and the last twelve months of attempted fraud. From there we go to market with ten-plus carriers, benchmark terms side-by-side, and present the options in plain language with recommended limits and retentions. Most intakes get indicative terms within one business day.
| Coverage Element | General Cyber Policy | Cryptojacking Endorsement |
|---|---|---|
| Unauthorized cloud compute charges | May be excluded or subject to low sublimit | Explicitly covered, often with higher sublimit |
| Incident response and forensics | Typically included | Included |
| Business interruption from degraded performance | Covered if waiting period is met | Covered, sometimes with shorter waiting period |
| Container/Kubernetes remediation | Covered under system restoration if triggered | Explicitly addresses cloud-native environments |
| Cloud bill reimbursement | Varies widely by form | Specifically designed for this loss type |
| Retention (deductible) | Standard retention applies | May have separate, lower retention |
Some regulatory proceedings involve parallel tracks: the regulator's formal action and an internal investigation your company runs simultaneously. Shadow defense counsel represents your company's interests during the regulatory process without formally appearing before the agency. Monitoring counsel may be appointed under a consent order to oversee your compliance.
The costs for these roles can be substantial. Certain policy forms cover shadow counsel fees as part of the defense cost grant, while others exclude them entirely. Court-appointed monitors in state enforcement actions have generated significant fees that strain organizational budgets, and whether your policy responds to those costs depends on how the form defines "defense costs" and "regulatory proceeding."
Shadow Defense and Monitoring Counsel Roles
PWA-specific insurance covers the risk that the IRS determines the project failed to meet prevailing wage or apprenticeship standards, resulting in loss of the bonus credit multiplier. Some policies also cover the penalty amounts associated with correction payments if the cure mechanism is invoked.
This coverage is particularly valuable because PWA compliance involves thousands of individual payroll records across multiple subcontractors. Even well-managed projects can have gaps. A single subcontractor paying below the prevailing rate for a misclassified trade can jeopardize the entire bonus credit. Insurance does not excuse sloppy compliance, but it does protect against the financial consequences of honest errors.
PWA-specific insurance covers the risk that the IRS determines the project failed to meet prevailing wage or apprenticeship standards, resulting in loss of the bonus credit multiplier. Some policies also cover the penalty amounts associated with correction payments if the cure mechanism is invoked.
This coverage is particularly valuable because PWA compliance involves thousands of individual payroll records across multiple subcontractors. Even well-managed projects can have gaps. A single subcontractor paying below the prevailing rate for a misclassified trade can jeopardize the entire bonus credit. Insurance does not excuse sloppy compliance, but it does protect against the financial consequences of honest errors.
Audit Protection and PWA Penalty Insurance
Managing System Stability and Core Provider Outages
Banks and credit unions depend on a small number of core processing providers: FIS, Fiserv, Jack Henry, and a handful of others. A prolonged outage at one of these providers can halt online banking, ATM networks, and loan origination simultaneously. The financial institution bears the customer-facing consequences even though the failure originated with a third party.
The
cyber insurance market has responded to third-party dependency risk by offering dependent business interruption coverage, but the terms vary widely. Some forms only trigger after an outage exceeds a specified waiting period, typically 8 to 12 hours. Others exclude outages caused by system maintenance or non-malicious failures. You need to read the waiting period, the definition of "covered dependent entity," and whether the coverage applies to both security failures and system failures at the provider.
Dependent Business Interruption Coverage
Dependent business interruption coverage reimburses your lost income and extra expenses when a third-party system you rely on goes down due to a covered event. For financial institutions, this is not a nice-to-have: it is essential. The key variables to evaluate include the waiting period (hours before coverage begins), the period of restoration (how long coverage lasts), and whether the trigger requires a "security failure" or also covers "system failure."
A policy with a 12-hour waiting period and a $500,000 sublimit may look adequate on the declarations page, but if your core provider outage causes $50,000 per hour in lost transaction revenue, that waiting period alone absorbs $600,000 in uninsured loss. Bloc Cyber's approach to placing these policies involves stress-testing the waiting period and sublimit against realistic outage scenarios specific to your institution's transaction volume.
Real claims illustrate the exposure more clearly than abstract descriptions. Here are patterns that repeat across the technology sector:
- A SaaS company deploys a billing module that overcharges 12,000 end users over six months. The client demands $410,000 in restitution costs plus $150,000 in legal fees. The tech E&O form responds to the defense and indemnity obligation.
- An MSP fails to complete a server migration on schedule, causing a healthcare client to miss a compliance deadline. The healthcare company faces a regulatory fine and sues the MSP for $275,000. The policy form may respond, but only if the regulatory fine is not excluded as a penalty.
- A custom software vendor delivers an inventory management system that miscounts stock levels. The client loses $600,000 in downstream sales. The vendor's tech E&O policy covers defense costs and settlement, but a sublimit on the policy caps the payout at $500,000.
Average defense costs for technology professional liability claims range from $50,000 to $150,000 depending on complexity and jurisdiction. Settlement amounts vary widely, but six-figure demands are common even for small firms.
We start with a twenty-minute call to walk through your contracts, your draw process, your tech stack, and the last twelve months of attempted fraud. From there we go to market with ten-plus carriers, benchmark terms side-by-side, and present the options in plain language with recommended limits and retentions. Most intakes get indicative terms within one business day.
| Coverage Element | Commercial General Liability | Cyber Insurance |
|---|---|---|
| Data breach notification costs | Not covered | Covered under first-party |
| Ransomware payment | Not covered | Covered (subject to sublimit) |
| Regulatory defense | Not covered | Covered under third-party |
| Business interruption from cyberattack | Not covered | Covered with waiting period |
| Funds transfer fraud | Not covered | Covered via cyber crime endorsement |
| Third-party lawsuit over data loss | Excluded or severely limited | Covered under third-party liability |
| Technology product failure | Not covered | Covered under Tech E&O |
How much does a typical PCI forensic investigation cost?
PFI engagements range from $20,000 for a simple, small-merchant investigation to $120,000 or more for complex environments with multiple locations or e-commerce platforms. The card brands dictate the scope, and the merchant pays.
Evaluating Policy Limits and Coverage Comparison
Selecting the right aggregate limit is only half the equation. The sublimit structure within the policy determines whether you actually have usable coverage for the exposures that matter most. A $5 million aggregate limit sounds substantial until you discover that social engineering fraud is capped at $250,000, dependent business interruption at $500,000, and regulatory defense at $1 million.
Comparison: Standard vs. Financial-Grade Cyber Policy
| Coverage Element | Standard Cyber Policy | Financial-Grade Cyber Policy |
|---|---|---|
| Social Engineering / Wire Fraud | $100K-$250K sublimit | $500K-$1M+ sublimit or full limits |
| Account Takeover Response | Often excluded | Included with forensic and legal costs |
| GLBA Regulatory Defense | Generic regulatory coverage | Specific financial regulator coverage |
| Dependent BI (Core Provider) | 12-24 hour waiting period | 6-8 hour waiting period |
| Funds Transfer Fraud | Computer fraud only | Computer fraud + social engineering |
| Retention (Deductible) | $10K-$25K | $25K-$50K (reflects broader coverage) |
This comparison illustrates why a general commercial cyber form often falls short for financial institutions. The premium difference between these two structures may be modest, but the coverage difference at claim time is dramatic.
Aggregate Limits vs. Sub-limits for Fraud
Your aggregate limit is the maximum the policy will pay across all coverage parts during the policy period. Sublimits carve out lower maximums for specific coverage categories. The danger for financial institutions is that the highest-frequency exposures, such as wire fraud and account takeover, often carry the lowest sublimits.
When evaluating a policy, ask your broker to map each sublimit against a realistic loss scenario. If your average wire transfer exceeds your social engineering sublimit, the coverage is functionally inadequate for its intended purpose. The cyber insurance market has seen increased competition in 2025 and 2026, which means carriers are more willing to negotiate sublimits upward, particularly for institutions that can demonstrate strong controls.
We start with a twenty-minute call to walk through your contracts, your draw process, your tech stack, and the last twelve months of attempted fraud. From there we go to market with ten-plus carriers, benchmark terms side-by-side, and present the options in plain language with recommended limits and retentions. Most intakes get indicative terms within one business day.
No. A data breach or cyberattack is a cyber liability exposure, not a technology E&O exposure. You need a separate cyber liability policy form to cover breach response, notification costs, regulatory defense, and third-party claims arising from a security incident. Many technology companies carry both policies because the exposures are distinct.
FAQ: Does this cover me if I get hacked?
P2PE encrypts cardholder data from the point of interaction (the card reader) to the payment processor's secure decryption environment. A validated P2PE solution removes your systems from PCI scope for those transactions, which directly reduces both your compliance burden and your risk profile. Underwriters recognize P2PE as a meaningful risk reduction and may offer premium credits for merchants using validated solutions.
Implementing Point-to-Point Encryption (P2PE)
The Underwriter's Review of Data Rooms
Underwriters expect access to the buyer's due diligence reports, the virtual data room, and the near-final purchase agreement. They review financial, tax, legal, environmental, intellectual property, and employment diligence. Gaps in diligence translate to broader exclusions on the policy. If the buyer skipped an environmental Phase I assessment, for instance, the underwriter will likely exclude environmental representations from coverage entirely. Firms like Bloc Cyber, whose practice centers on reading policy forms at the insuring-agreement level, often advise clients that the quality of your diligence directly determines the quality of your coverage.
Frequently Asked Questions About Financial Cyber Insurance
Does a standard business owner's policy cover wire fraud losses? No. BOP policies and general liability forms exclude electronic theft and funds transfer fraud. You need a standalone cyber policy with a specific social engineering or funds transfer fraud insuring agreement.
Will my cyber policy respond if a core provider outage is not caused by a cyberattack? It depends on the form. Some policies only cover "security failures" at dependent entities, while others extend to "system failures." Confirm the trigger language before binding.
Are FTC fines under the Safeguards Rule insurable? Insurability of regulatory fines varies by state. Many cyber policies cover fines and penalties "where insurable by law," but the practical answer depends on your jurisdiction and the specific penalty assessed.
How much cyber insurance does a community bank need? There is no universal answer, but institutions processing significant wire volume should ensure their aggregate limit and sublimits can absorb a realistic worst-case fraud loss plus concurrent regulatory defense costs. A $3 million to $5 million aggregate is a common starting point for institutions with $100 million to $500 million in assets.
Does cyber insurance cover customer reimbursement after an account takeover? Some policies include customer notification and credit monitoring costs, but direct reimbursement of stolen customer funds typically requires a crime or fidelity endorsement, not the standard cyber form.
Real claims illustrate the exposure more clearly than abstract descriptions. Here are patterns that repeat across the technology sector:
- A SaaS company deploys a billing module that overcharges 12,000 end users over six months. The client demands $410,000 in restitution costs plus $150,000 in legal fees. The tech E&O form responds to the defense and indemnity obligation.
- An MSP fails to complete a server migration on schedule, causing a healthcare client to miss a compliance deadline. The healthcare company faces a regulatory fine and sues the MSP for $275,000. The policy form may respond, but only if the regulatory fine is not excluded as a penalty.
- A custom software vendor delivers an inventory management system that miscounts stock levels. The client loses $600,000 in downstream sales. The vendor's tech E&O policy covers defense costs and settlement, but a sublimit on the policy caps the payout at $500,000.
Average defense costs for technology professional liability claims range from $50,000 to $150,000 depending on complexity and jurisdiction. Settlement amounts vary widely, but six-figure demands are common even for small firms.
We start with a twenty-minute call to walk through your contracts, your draw process, your tech stack, and the last twelve months of attempted fraud. From there we go to market with ten-plus carriers, benchmark terms side-by-side, and present the options in plain language with recommended limits and retentions. Most intakes get indicative terms within one business day.
| Coverage Element | Commercial General Liability | Cyber Insurance |
|---|---|---|
| Data breach notification costs | Not covered | Covered under first-party |
| Ransomware payment | Not covered | Covered (subject to sublimit) |
| Regulatory defense | Not covered | Covered under third-party |
| Business interruption from cyberattack | Not covered | Covered with waiting period |
| Funds transfer fraud | Not covered | Covered via cyber crime endorsement |
| Third-party lawsuit over data loss | Excluded or severely limited | Covered under third-party liability |
| Technology product failure | Not covered | Covered under Tech E&O |
Will my policy pay for the fines if I'm not compliant?
This depends entirely on the policy form. Some forms cover PCI fines only if the merchant was making good-faith compliance efforts. Others exclude fines arising from known non-compliance. Read the exclusions carefully before binding.
How much does a typical PCI forensic investigation cost?
PFI engagements range from $20,000 for a simple, small-merchant investigation to $120,000 or more for complex environments with multiple locations or e-commerce platforms. The card brands dictate the scope, and the merchant pays.
What is the difference between a fine and an assessment?
A fine is a penalty for non-compliance with PCI DSS standards. An assessment is a cost-recovery mechanism: the card brands and issuing banks recoup their actual losses (fraud charges, card replacement costs) from the breached merchant. Both are financial obligations, but they arise from different triggers and may be treated differently under a policy form.
What This Means for Your Business
Cyber insurance for financial institutions is not a commodity product. The difference between a policy that pays a claim and one that triggers a coverage dispute often comes down to how the insuring agreements define "funds transfer fraud," whether dependent business interruption covers system failures, and whether sublimits are sized to match your actual exposure. Your GLBA compliance posture affects both your regulatory risk and your ability to secure favorable policy terms.
If you are evaluating a new cyber policy or renewing an existing one, the form-level details are where coverage lives or dies. A specialist review of your policy's insuring agreements, sublimits, waiting periods, and exclusions will tell you exactly where your gaps are before a claim finds them.
Request a coverage review with Bloc Cyber to have a specialist walk through the policy form with you, line by line, with no pricing promises and no coverage guarantees: just a clear picture of what the form will and will not do when you need it.
ABOUT THE AUTHOR
Caden Braly
— Founder, Bloc Cyber
I'm Caden Braly, founder of Bloc Cyber, the specialty cyber insurance arm of Braly Insurance. I built Bloc Cyber around one idea: businesses deserve coverage that actually responds when a cyberattack happens. I work closely with clients to understand their exposure, place the right policy through specialty carriers, and stand with them through the claim. My goal is simple — give every business straight answers and protection they can trust.
Full profile → caden@bloccyber.com LinkedIn
Industries We Protect
Cyber Coverage Built for Your Industry
Every industry faces a different cyber threat, from patient records in healthcare to wire fraud in construction. Bloc Cyber matches coverage to the risks your sector actually faces, drawing on specialty carriers that understand your business. Find your industry below to see how we protect it.
Healthcare
Banking
Retail / E-Commerce
Legal
Technology / SaaS
Education
Energy / Utilities
Manufacturing
Construction
Defense
Healthcare
HIPAA-grade protection for patient data
725
healthcare breaches disclosed in 2024
HIPAA-grade protection for patient data
▣ Ransomware on EHR systems
▣ PHI exfiltration
▣ Medical device exploits
▣ Business email compromise
Sub-sectors we place
Hospitals and health systems
Physician practices and specialty clinics
Dental practices and DSOs
Behavioral health and addiction treatment centers
Medical billing and revenue cycle management firms
Typical turnaround for indication of terms: 1 business day.
Banking
Coverage that meets FFIEC and NYDFS expectations
$5.9M
average cost of a financial sector breach
Common threats we underwrite against
▣ Wire fraud and BEC
▣ Credential stuffing
▣ Third-party vendor risk
▣ Ransomware
Sub-sectors we place
Community banks
Credit unions
Mortgage lenders and loan originators
Wealth management and RIAs
Payment processors and merchant acquirers
Typical turnaround for indication of terms: 1 business day.
Retail / E-Commerce
PCI-DSS aligned coverage for every checkout
42%
of retailers hit by ransomware in the last year
Common threats we underwrite against
▣ Magecart / card skimming
▣ POS malware
▣ Account takeover
▣ Supply-chain intrusion
Sub-sectors we place
Direct-to-consumer (DTC) brands
Shopify and marketplace sellers
Brick-and-mortar multi-location retailers
Restaurants and QSR franchises
Grocery and specialty food retail
Typical turnaround for indication of terms: 1 business day.
Legal
Privilege, client files, and trust-account safeguards
1 in 4
law firms reported a breach in 2024
Common threats we underwrite against
▣ Wire-transfer fraud
▣ Privileged data theft
▣ Email account compromise
▣ Ransomware
Sub-sectors we place
AmLaw / large firms
Boutique litigation firms
Personal injury and plaintiffs’ firms
Estate planning and trust attorneys
Title and real estate closing firms
Typical turnaround for indication of terms: 1 business day.
Technology / SaaS
SOC 2 and ISO-aligned risk transfer
$4.88M
avg. cost of a SaaS breach in 2024
Common threats we underwrite against
▣ Supply-chain attacks
▣ Cloud misconfiguration
▣ Token and key theft
▣ Zero-day exploits
Sub-sectors we place
B2B SaaS platforms
Managed service providers (MSPs) and MSSPs
Fintech startups
AI and machine learning companies
Cloud hosting and infrastructure providers
Typical turnaround for indication of terms: 1 business day.
Education
FERPA-aligned coverage for student and research data
80%
of K–12 districts hit by ransomware since 2022
Common threats we underwrite against
▣ Ransomware on district networks
▣ Student PII theft
▣ Fake invoice fraud
▣ DDoS on exam platforms
Sub-sectors we place
K-12 public school districts
Private and charter schools
Colleges and universities
EdTech platforms
Tutoring, test prep, and online learning providers
Typical turnaround for indication of terms: 1 business day.
Energy / Utilities
OT and IT coverage for critical infrastructure
24/7
operational-tech monitoring requirements
Common threats we underwrite against
▣ ICS/SCADA intrusion
▣ Nation-state actors
▣ Ransomware on OT
▣ Insider threat
Sub-sectors we place
Municipal utilities (water, electric, gas)
Oil and gas operators
Pipeline and midstream companies
Renewable energy (solar, wind) developers
Electric cooperatives and rural utilities
Typical turnaround for indication of terms: 1 business day.
Manufacturing
Business interruption protection for connected plants
25%
of all ransomware attacks target manufacturing
Common threats we underwrite against
▣ Ransomware halting production
▣ IP theft
▣ ICS exploits
▣ Vendor compromise
Sub-sectors we place
Industrial and heavy equipment manufacturers
Food and beverage processing
Pharmaceutical and medical device manufacturers
Automotive and parts suppliers
Aerospace component manufacturers
Typical turnaround for indication of terms: 1 business day.
Construction
Protection for project files, wires, and jobsite tech
$200K+
average wire-fraud loss in construction
Common threats we underwrite against
▣ Wire-transfer diversion
▣ BEC on project payments
▣ Stolen bid data
▣ Ransomware
Sub-sectors we place
General contractors
Commercial HVAC, electrical, and plumbing subs
Civil and infrastructure contractors
Homebuilders and residential developers
Architecture and engineering (A&E) firms
Typical turnaround for indication of terms: 1 business day.
Defense
CMMC, DFARS, and CUI-compliant risk transfer
CMMC
2.0 compliance required by 2026
Common threats we underwrite against
▣ CUI exfiltration
▣ Nation-state APTs
▣ Supply-chain compromise
▣ Cleared-personnel targeting
Sub-sectors we place
DoD prime contractors
CMMC-regulated subcontractors
Defense software and systems integrators
Aerospace and satellite contractors
Federal IT and cleared staffing firms
Typical turnaround for indication of terms: 1 business day.
The Bloc system
One foundation.
Ten industry-specific builds.
The Bloc mark is built from stackable planes — each one a different angle on the same core structure. That’s how we place coverage: one underwriting discipline, tuned and re-tuned for every industry we serve.
Coverage
A policy you can actually read.
Structured in three clean blocs.
01
First-Party
Your direct losses when an incident hits your business.
✓
Incident response & forensics
✓
Business interruption
✓ Data restoration
✓ Cyber extortion / ransomware
✓ Funds transfer fraud
✓ Reputational harm
02
Third-Party
Your liability to clients, partners, and regulators.
✓
Network security liability
✓
Privacy liability (HIPAA, GDPR, state laws)
✓ Regulatory defense & fines
✓ PCI-DSS fines and assessments
✓ Media liability
✓ Breach notification costs
03
Specialty
Advanced coverages for complex risks and contracts.
✓
Technology E&O
✓
Social engineering fraud
✓ Contingent business interruption
✓ Systems failure
✓ Bricking & hardware replacement
✓ CMMC / regulatory-specific endorsements
Typical limits placed
$1M / $1M starter
$5M / $10M mid-market
$25M+ layered towers
Custom retentions
Common Questions
Cyber Liability Insurance, Explained
What does cyber insurance cover?
Cyber insurance covers the financial losses from a data breach or cyberattack. This includes breach response, legal fees, customer notification, ransomware, business interruption, and regulatory fines, depending on your policy.
Does my business really need cyber insurance?
Yes. Any business that stores customer data, processes payments, or relies on connected systems faces cyber risk. Small and mid-sized companies are frequent targets because they often have fewer defenses.
How much does cyber insurance cost?
Cost depends on your industry, revenue, data volume, and security practices. We market your risk to multiple carriers to find strong coverage at a competitive price. Request a quote for an exact figure.
What is the difference between first-party and third-party cyber coverage?
First-party coverage pays for your own losses, like data recovery and lost income. Third-party coverage pays for claims from others harmed by a breach on your systems.
How fast can I get a quote?
Most clients receive a quote in under 24 hours after we review the details of their business and exposure.
What should I do first after a cyberattack?
Contact us right away. We help you start breach response, connect you with forensic and legal support, and guide your claim so you contain the damage quickly.
Insights
Field notes from the placement desk.
What carriers are asking right now.
Start a quote
Tell us about your business.
We’ll come back with terms.
We’ll review your stack, your contracts, and your exposure — then place the program against the right markets. Most intakes get indicative terms back within one business day.
01
Quick intake
We only ask what the carriers actually need.
02
Benchmark
Side-by-side terms from 10+ specialty cyber carriers.
03
Bind
Plain-language policy review, e-signed and in force.
