A single fraudulent wire instruction can drain a company's operating account in minutes. The money moves through correspondent banks, lands in a mule account overseas, and vanishes before your controller finishes lunch. For small and mid-market businesses, a six-figure wire loss is not an abstraction: it is an existential event. Funds transfer fraud insurance exists to absorb that financial shock, yet the coverage varies enormously from one policy form to another. Some forms cover only computer-initiated fraud. Others extend to social engineering, account takeover, and authorized push payment losses, each with its own sublimit, retention, and proof-of-loss requirement. Understanding how these insuring agreements work, where the gaps hide, and what recovery looks like after a loss is essential before you bind a policy. BEC and funds transfer fraud accounted for roughly 60% of all cyber insurance claims in recent reporting periods, making this the single largest loss category in the cyber insurance market. That statistic alone should tell you where to focus your coverage review. This guide walks through the fraud types, the insurance mechanics, the exclusions that catch buyers off guard, and the narrow window you have to claw money back after a fraudulent payment leaves your account.
Understanding Funds Transfer Fraud and Modern Scams
Wire fraud is no longer limited to a hacker breaking into your bank portal. The threat has splintered into distinct attack methods, each exploiting a different weakness in your payment process. Knowing which type of fraud you face determines which insuring agreement responds, and whether your claim gets paid or denied.
Social Engineering and Fraudulent Payment Instructions
Social engineering fraud relies on deception rather than technical intrusion. A threat actor impersonates your CEO, a vendor, or an attorney and sends payment instructions that look legitimate. Your accounts payable team follows the instructions voluntarily, wiring funds to a fraudulent account. The critical distinction here is that no computer system was compromised: a human was tricked. Many traditional crime policies exclude voluntary parting of funds, which means a standalone social engineering endorsement or a cyber policy with an explicit social engineering insuring agreement is required. Without it, the carrier will point to the voluntary-parting exclusion and deny the claim.
The Difference Between Account Takeover and Push Payment Fraud
Account takeover occurs when a threat actor gains unauthorized access to your banking credentials and initiates a wire transfer without your knowledge. The money moves because a criminal controlled your account. Push payment fraud, by contrast, involves your own employee authorizing the transfer based on fraudulent instructions. The employee pushes the payment voluntarily. This distinction matters because most computer fraud insuring agreements require unauthorized access to a computer system. If your employee clicked "send" willingly, the computer fraud coverage may not respond. A policy form that treats push payment fraud and account takeover as separate covered events gives you broader protection than one that lumps everything under a single computer fraud grant.
Common Wire Transfer Loss Scenarios
Three scenarios dominate the claims data. First, a compromised vendor email chain leads your AP team to redirect a legitimate invoice payment to a new bank account controlled by a criminal. Second, a spoofed executive email instructs your controller to wire funds for a confidential acquisition or urgent tax payment. Third, a threat actor compromises your company's own email system and intercepts outbound payment instructions to your clients, redirecting incoming payments. Each scenario triggers a different coverage grant, and some policies cover only one or two of the three.
By: Caden Braly
Founder of Bloc Cyber Insurance
INDEX
Understanding Funds Transfer Fraud and Modern Scams
How Insurance Protects Against Financial Loss
Comparing Coverage: Basic Crime vs. Comprehensive Fraud Protection
How Funds Transfer Fraud Coverage Fits Into a Broader Cyber Program
The Role of Recovery and Clawback Efforts
Common Questions About Transfer Fraud Insurance
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.
Forensic Investigations: Identifying the Source and Scope
Forensic investigators determine how the attacker got in, what data was accessed, whether exfiltration occurred, and whether the threat actor is still present in the network. Their report drives every downstream decision: which individuals must be notified, whether payment card brands must be alerted, and what remediation steps are necessary. Forensic engagements for mid-market companies commonly run between $30,000 and $150,000, depending on the complexity of the environment. The policy form may impose a separate sublimit on forensic costs or bundle them under a single breach response aggregate. Bloc Cyber reviews these sublimits at the insuring-agreement level before binding, so clients understand exactly how much forensic coverage they are purchasing and where the cap sits relative to their actual exposure.
How Insurance Protects Against Financial Loss
Insurance responds to wire fraud losses through two primary policy types: standalone cyber liability policies and commercial crime policies. The coverage grant, sublimit structure, and claims process differ significantly between the two.
Cyber Insurance vs. Commercial Crime Policy Coverage
A commercial crime policy typically includes a computer fraud insuring agreement and may offer a social engineering endorsement. The sublimits on social engineering coverage are often modest, sometimes $100,000 or $250,000, which may not match the size of a real loss. A cyber liability policy placed through a specialist like Bloc Cyber can include funds transfer fraud coverage with higher limits, a broader definition of covered events, and first-party expense coverage for forensic investigation and legal costs. The cyber form may also cover the cost of breach notification if the fraud involved unauthorized access to personal data. Crime policies rarely include that.
Key Policy Exclusions and Triggers
Three exclusions trip up policyholders most often. The voluntary-parting exclusion denies coverage when an employee willingly authorized the transfer. The verification-procedure condition requires proof that your company followed a documented callback or dual-authorization process before sending the wire. If you skipped the callback, the claim may be denied. The third is the discovery-and-reporting window: most policies require you to discover and report the loss within a specific timeframe, often 60 or 90 days. Miss that window and the carrier has grounds to decline.
The gap between a basic crime policy and a comprehensive fraud protection program is significant. The table below highlights key differences.
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.
This comparison illustrates why a general liability policy, even one with a broad "personal and advertising injury" grant, will not respond to a regulatory proceeding. The coverage must be placed specifically under a cyber or technology E&O form that includes regulatory defense as a named insuring agreement.
Comparing Coverage: Basic Crime vs. Comprehensive Fraud Protection
The gap between a basic crime policy and a comprehensive fraud protection program is significant. The table below highlights key differences.
| Coverage Feature | Basic Crime Policy | Comprehensive Cyber with Fraud Coverage |
|---|---|---|
| Computer Fraud | Typically included | Included |
| Social Engineering | Optional endorsement, low sublimit | Included, higher sublimits available |
| Push Payment Fraud | Often excluded | May be covered as separate grant |
| Account Takeover | May fall under computer fraud | Explicitly covered |
| Forensic Investigation | Not covered | First-party expense coverage |
| Legal and Regulatory Costs | Not covered | Included |
| Callback Verification Required | Yes, strict condition | Yes, but terms vary by form |
| Typical Sublimit Range | $100K - $250K | $250K - $1M+ |
A basic crime form may leave you exposed on the exact loss type you are most likely to experience. Reviewing the insuring agreements at the form level, not the marketing summary, is the only way to know what you actually purchased.
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 |
Most states have not passed explicit statutes declaring regulatory fines insurable or uninsurable. Instead, the question turns on public policy: courts in some jurisdictions hold that allowing insurance to pay a punitive or regulatory fine would undermine the fine's deterrent purpose. New York, for example, has case law suggesting that certain regulatory penalties are uninsurable on public policy grounds. Texas and California courts have taken different positions depending on the type of fine and the regulatory scheme involved.
Your policy form will typically include language stating that fines and penalties are covered "to the extent insurable under applicable law." This shifts the jurisdictional analysis to the time of claim. Bloc Cyber maintains state-by-state fluency in breach-notification triggers and regulatory defense exposure, which matters when your operations span multiple states with different public policy positions on fine insurability.
State-by-State Variations in Public Policy and Uninsurable Fines
Companies with operations in the EU, UK, or Asia-Pacific face additional complexity. GDPR fines imposed by European data protection authorities can reach four percent of global annual revenue. Whether a US-placed policy can respond to a GDPR fine depends on the policy's territorial scope, the choice-of-law provisions, and whether the jurisdiction where the fine is imposed permits its insurance.
Many standard cyber forms limit territorial coverage to the United States and its territories. If your company has employees, customers, or data processing activities in Europe, you need a form with international regulatory coverage or a locally admitted policy in the relevant jurisdiction. The cost of getting this wrong is not theoretical: monitor and compliance fees in cross-border enforcement actions can compound rapidly when multiple regulators coordinate investigations.
International Considerations for Multinational Regulatory Risks
How Funds Transfer Fraud Coverage Fits Into a Broader Cyber Program
Funds transfer fraud coverage does not exist in a vacuum. It functions as one component of a broader cyber liability program that may also include ransomware response, data breach notification, regulatory defense, and business interruption. The interaction between these coverage parts matters. A single incident can trigger multiple insuring agreements simultaneously: a compromised email system might result in both a data breach and a fraudulent wire transfer. Your policy's aggregate limit, sublimit structure, and priority-of-payment provisions determine how much coverage is available for each part of the loss. Treating fraud coverage as an isolated purchase, separate from your overall cyber program, creates the risk of gaps or conflicting terms between policies.
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.
FAQ: Does my general business insurance cover hacking?
Almost certainly not. Standard CGL and BOP policies contain electronic data exclusions. Even if your policy has a small "data breach" endorsement, it is typically capped at $50,000 to $100,000, which will not cover a meaningful incident. A standalone cyber liability form provides the breadth and limits required for a real claim.
FAQ: How does a consent order affect my future premiums?
A consent order signals increased risk to underwriters. Expect premium increases at renewal, potentially 25 to 100 percent or more depending on the severity of the order and your compliance track record. Some carriers may decline to renew entirely if the consent order reveals systemic compliance failures.
The Role of Recovery and Clawback Efforts
Insurance is not the only financial remedy after a fraudulent wire transfer. Recovery efforts can sometimes return a portion, or even all, of the stolen funds. Speed is the single most important variable.
The 72-Hour Window for Wire Reversal
Domestic wire transfers can sometimes be reversed if you contact your bank within hours of the transfer. International wires are harder: once funds clear through a correspondent bank into a foreign account, the money often moves again within 24 to 48 hours. The practical window for a successful recall is roughly 72 hours for domestic wires and considerably shorter for international ones. Your bank's fraud department will initiate a recall request, but success depends on whether the receiving bank has frozen the account. Having a documented incident response plan that includes immediate bank notification is not optional: it is the difference between recovery and total loss.
Working with Law Enforcement and Financial Institutions
Filing a complaint with the FBI's Internet Crime Complaint Center (IC3) triggers the Recovery Asset Team (RAT), which can issue a Financial Fraud Kill Chain request to freeze funds at the receiving institution. This process has helped reduce overall claims frequency when combined with rapid detection. Your cyber insurer's breach coach or claims team can coordinate with law enforcement and your bank simultaneously, which is one reason a policy with a dedicated claims response service adds real value beyond the indemnity payment.
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 |
Common Questions About Transfer Fraud Insurance
Does my general liability policy cover wire fraud losses? No. General liability responds to bodily injury and property damage claims, not financial losses from fraudulent wire transfers. You need a crime policy, a cyber policy, or both.
Will the insurer pay if my employee did not follow the callback procedure? Most policy forms include a verification-procedure condition. If your team skipped the required dual-authorization or callback step, the carrier may deny the claim. Some forms are more lenient than others, so read the condition carefully before binding.
Is push payment fraud the same as social engineering fraud? They overlap but are not identical. Social engineering is the method of deception. Push payment fraud describes the result: your employee voluntarily authorized the transfer. A policy that covers social engineering may or may not cover all forms of push payment fraud depending on how the insuring agreement is written.
How quickly do I need to report a loss? Most policies require discovery and reporting within 60 to 90 days. Some forms impose shorter windows. Late reporting is one of the most common reasons claims are denied.
Can I buy funds transfer fraud coverage as a standalone policy? Standalone social engineering policies exist but are uncommon. Most buyers obtain this coverage as part of a cyber liability policy or as an endorsement to a commercial crime policy.
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.
FAQ: Does my general business insurance cover hacking?
Almost certainly not. Standard CGL and BOP policies contain electronic data exclusions. Even if your policy has a small "data breach" endorsement, it is typically capped at $50,000 to $100,000, which will not cover a meaningful incident. A standalone cyber liability form provides the breadth and limits required for a real claim.
FAQ: How does a consent order affect my future premiums?
A consent order signals increased risk to underwriters. Expect premium increases at renewal, potentially 25 to 100 percent or more depending on the severity of the order and your compliance track record. Some carriers may decline to renew entirely if the consent order reveals systemic compliance failures.
Who Needs This Coverage Most
Any business that sends or receives wire transfers is exposed, but certain industries face disproportionate risk. Real estate firms, law offices handling escrow funds, healthcare organizations processing large vendor payments, and financial services companies are frequent targets. Small and mid-market companies with annual revenues under $25 million experienced notable claims frequency in recent years, partly because they often lack dedicated security teams and rely on manual payment processes. If your company routinely wires amounts above $25,000, the cost of a fraud policy is trivial compared to a single unrecovered loss.
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 |
What a Claim Actually Looks Like
A typical claim unfolds like this: your AP manager receives an email from what appears to be a long-standing vendor, requesting a change to their bank account information. The email address is one character off from the real one. Your team updates the payment record and sends the next scheduled payment, say $185,000, to the new account. Three weeks later, the real vendor calls asking why they have not been paid. By then, the funds have been withdrawn from the fraudulent account and moved offshore. Your company files a claim under the social engineering insuring agreement. The carrier reviews whether your team followed the verification procedure outlined in the policy. If a callback to a known number was required and your team relied on the phone number in the fraudulent email instead, the claim may be contested. This is exactly the kind of form-level detail that Bloc Cyber reviews before binding, so you know what the policy actually requires of you before a loss 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.
FAQ: Does my general business insurance cover hacking?
Almost certainly not. Standard CGL and BOP policies contain electronic data exclusions. Even if your policy has a small "data breach" endorsement, it is typically capped at $50,000 to $100,000, which will not cover a meaningful incident. A standalone cyber liability form provides the breadth and limits required for a real claim.
FAQ: How does a consent order affect my future premiums?
A consent order signals increased risk to underwriters. Expect premium increases at renewal, potentially 25 to 100 percent or more depending on the severity of the order and your compliance track record. Some carriers may decline to renew entirely if the consent order reveals systemic compliance failures.
How Premiums Are Determined
Carriers price funds transfer fraud coverage based on several factors: your annual wire transfer volume, the average and maximum transfer amounts, the controls you have in place (dual authorization, callback procedures, segregation of duties), your industry, your claims history, and the limit and retention you select. Companies that can demonstrate documented payment verification procedures and employee training programs tend to see lower premiums and broader coverage terms. A $500,000 social engineering sublimit with a $10,000 retention might cost a 50-person professional services firm between $800 and $2,500 annually as part of a broader cyber policy, though pricing varies by carrier and risk profile.
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 |
Before You Buy a Policy
Funds transfer fraud is the most common and most financially damaging cyber loss for small and mid-market companies. The coverage exists, but it varies dramatically from one policy form to the next. Sublimits, verification conditions, voluntary-parting exclusions, and reporting windows all determine whether your claim gets paid. Do not assume your existing crime policy covers social engineering or push payment fraud: read the insuring agreements, or have someone read them for you.
If you are purchasing or renewing a cyber policy, ask your broker to walk through the funds transfer fraud insuring agreement line by line. Bloc Cyber's approach is to review the actual policy form at the endorsement level before binding, so you understand exactly what triggers coverage and where the gaps sit. If you are ready to see how your current policy holds up, request a coverage review and have a specialist walk through the form with you. The cost of the review is nothing compared to the cost of finding out your policy does not respond after a six-figure wire leaves your account.
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.
