SPECIALTIES
New York Technology Errors and Omissions Insurance
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.
Common Wire Transfer Loss Scenarios
A single failed software deployment can expose a New York technology firm to six-figure claims before the first line of remediation code is written. Whether you are building SaaS platforms in Manhattan, developing AI applications in Buffalo's growing tech corridor, or maintaining enterprise systems for Rochester's manufacturing base, the risk of a failure-to-perform allegation follows every deliverable you ship. Technology errors and omissions insurance exists to absorb that risk, but only if the policy form is structured to match the specific claims your firm is most likely to face. This guide breaks down how tech E&O coverage works across New York's three major tech markets, what failure-to-perform and negligent development claims actually look like in practice, and how to set coverage limits that hold up under real litigation pressure. New York's regulatory environment adds another layer of complexity: the state's NYDFS cybersecurity requirements, the newly enacted RAISE Act governing frontier AI models, and aggressive breach-notification timelines all create exposure that a generic professional liability policy will not address. Understanding where your coverage starts and where it stops is not optional. It is the difference between surviving a claim and absorbing one out of pocket.
The Fundamentals of Tech E&O for New York Innovation Hubs
Technology errors and omissions insurance is a professional liability product designed specifically for firms that build, deploy, or maintain technology products and services. Unlike general professional liability, tech E&O responds to claims arising from the performance (or non-performance) of technology deliverables: software that crashes, integrations that corrupt data, platforms that fail to meet contractual specifications.
For New York tech firms, this coverage is not theoretical. The state's courts are among the most active in the country for breach-of-contract litigation involving technology vendors, and business litigation trends show increasing frequency of technology performance disputes in commercial courts. A tech E&O policy form can respond to defense costs, settlements, and judgments when a client alleges your work product caused financial harm.
Why NYC, Buffalo, and Rochester Startups Need Specific Protection
Each of New York's tech corridors faces distinct risk profiles. NYC firms often work under enterprise contracts with Fortune 500 clients that mandate minimum coverage limits of $2 million or more. Buffalo's growing fintech and health-tech sector operates under NYDFS oversight, where cybersecurity compliance obligations for financial institutions create regulatory defense exposure that a standard policy may exclude. Rochester's technology firms frequently serve manufacturing and defense contractors, where data-handling obligations trigger federal compliance requirements alongside state law.
A 15-person SaaS company in Brooklyn signing its first enterprise contract will face different coverage demands than a 200-person MSP in Rochester managing infrastructure for healthcare clients. The policy form needs to reflect those differences at the insuring-agreement level, not just in the declarations page.
General Liability vs. Technology Errors and Omissions
General liability covers bodily injury and property damage. It does not cover claims alleging that your software failed to perform as promised, that your code introduced a vulnerability, or that your platform caused a client's revenue loss. These are professional services claims, and they fall squarely under tech E&O.
A common mistake among first-time buyers is assuming their commercial general liability policy will respond to a client's lawsuit over a botched integration. It will not. The CGL exclusion for professional services is standard across virtually every form. You need a separate tech E&O policy, and you need one written for technology-specific exposures rather than a generic professional liability form designed for consultants or accountants.
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.
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.
Deep Dive into Failure-to-Perform and Negligent Development Claims
Two claim categories dominate tech E&O losses in New York: failure-to-perform and negligent software development. They overlap but trigger different coverage provisions within a policy form.
Failure-to-perform claims arise when a client alleges your deliverable did not meet the specifications outlined in the contract. The software was late, it did not function as described, or it failed under production loads. These are fundamentally breach-of-contract claims wrapped in a professional liability framework. Negligent development claims go further: the allegation is not just that the software failed, but that your development process itself fell below the standard of care, introducing defects that a competent firm would have avoided.
Understanding Breach of Contract and Software Performance Failures
Most tech E&O claims in New York begin with a contract dispute. A client paid for a platform that was supposed to process 10,000 transactions per hour, and it handles 2,000. The client sues for the cost of the failed project plus consequential damages from lost revenue. Your tech E&O policy may respond to this, but only if the form covers breach-of-contract claims arising from professional services. Some forms exclude pure breach-of-contract allegations entirely, covering only negligence-based claims.
This distinction matters enormously. If your policy form only responds to negligence and a client sues strictly on breach-of-contract grounds, you could face a coverage denial. Before binding any tech E&O policy, you need to read the insuring agreement and confirm whether contractual liability is included or excluded.
Negligence in Coding: When Bad Code Leads to Financial Loss
Negligent development claims typically involve allegations that your engineering team failed to follow industry-standard practices: no code review process, inadequate testing, failure to patch known vulnerabilities, or deployment without proper QA. If a client's system goes down because your code contained a SQL injection vulnerability that any competent developer would have caught, the claim will allege negligence rather than simple non-performance.
These claims tend to produce larger losses because they open the door to consequential and sometimes punitive damages. New York courts have shown willingness to award significant consequential damages in technology negligence cases where the vendor's conduct fell materially below professional standards. Your policy's treatment of consequential damages, whether covered or excluded, directly determines your financial exposure.
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.
| 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+ |
R&W retentions function similarly to a deductible but are typically structured as a percentage of enterprise value. A common retention for mid-market deals sits between 1% and 3% of the transaction value. On a $50 million deal, that means the buyer absorbs the first $500,000 to $1.5 million of covered losses before the insurer pays anything. The retention exists because underwriters expect the buyer's own diligence to catch smaller issues. Retention levels are negotiable and vary by carrier, deal size, and the quality of the diligence package presented during underwriting.
How Retention Works as a Deductible
The Transition from Retention to Drop-Down Coverage
Most R&W policies include a drop-down feature that reduces the retention, often by half, after a specified period, typically 12 months post-closing. If the original retention is $1 million, it drops to $500,000 after the first year. This mechanism reflects the assumption that the most significant breaches surface early. The reduced retention in the later period provides the buyer with more accessible coverage for claims that emerge after the initial post-closing adjustment period. Some policies offer a full drop to zero retention after 18 or 24 months, though this depends on the specific terms negotiated with the underwriter.
| Area | SOC 2 Requirement | Typical Cyber Insurance Requirement |
|---|---|---|
| Multi-Factor Authentication | Required under Security criterion for logical access | Required on all remote access, email, and admin consoles |
| Endpoint Detection & Response | Recommended but not always mandated | Frequently required; some carriers mandate specific vendors |
| Encryption | Required for data in transit; recommended at rest | Required for both in transit and at rest on most applications |
| Incident Response Plan | Required under Security criterion | Required; some carriers want to see tabletop exercise records |
| Backup & Recovery | Covered under Availability criterion | Required with tested restoration procedures |
| Vendor Management | Covered under Confidentiality or Security | Asked about in applications; subcontractor liability coverage may depend on it |
| Employee Training | Required under Security criterion | Required; frequency and phishing simulation results often requested |
A breach-response insuring agreement typically covers the cost of retaining a forensic investigation firm to determine the scope of the intrusion, identify compromised data, and recommend remediation. It also covers breach counsel: attorneys who manage notification obligations, coordinate with regulators, and advise on litigation exposure.
The sequencing matters. Engaging breach counsel first, before the forensic firm, can place the forensic report under attorney-client privilege. This is a practical consideration that affects your litigation posture. Your policy form should not restrict you to a single panel firm if that firm has a conflict or lacks capacity during a widespread event. Bloc Cyber evaluates panel flexibility and pre-approval processes during the placement process so clients are not surprised after an incident.
The Role of Forensic Investigators and Legal Counsel
Coverage Comparison: Standard vs. Enhanced Tech E&O Policies
Not all tech E&O policies are built the same. The difference between a standard form and a comprehensive one can mean hundreds of thousands of dollars in uncovered losses during a claim.
Comparison Table: Basic Coverage vs. Comprehensive Tech E&O
| Coverage Feature | Standard Tech E&O | Comprehensive Tech E&O |
|---|---|---|
| Negligent acts or omissions | Included | Included |
| Breach of contract | Often excluded | Typically included |
| Failure to perform | Limited or sublimited | Full limits apply |
| Consequential damages | Excluded | May be included |
| Regulatory defense costs | Not included | Included with sublimit |
| Intellectual property infringement | Excluded | Included (copyright, trade secret) |
| Data breach response | Separate cyber policy required | May be bundled or endorsed |
| Contractual indemnity coverage | Excluded | Available by endorsement |
| Prior acts coverage | Limited or none | Full prior acts with retroactive date |
| Duty to defend vs. indemnity only | Indemnity only | Duty to defend |
The gap between these two columns represents real financial exposure. A firm working with Bloc Cyber, for example, would review the policy at the insuring-agreement level to identify exactly where the standard form stops and whether endorsements can close those gaps before binding.
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
Addressing Known Issues and Exclusions
Any issue identified during diligence that is disclosed to the underwriter becomes a known issue and is excluded from coverage. This is a fundamental principle of R&W insurance: it covers unknown breaches, not problems you already know about. Buyers sometimes assume they can disclose a problem and still obtain coverage for it. They cannot. The underwriter will carve out any known matter, and the buyer must negotiate a specific indemnity from the seller or accept the risk. This is where the interplay between your diligence process and your insurance placement becomes critical: thoroughness in diligence improves your coverage, but every issue you find narrows it.
For companies that carry cyber liability or technology E&O policies, this dynamic should feel familiar. At Bloc Cyber, we see a parallel in how cyber insurers evaluate a company's security posture before binding coverage: known vulnerabilities get excluded or trigger higher retentions, just as known issues do in R&W underwriting.
How much does cyber insurance cost for a small firm?
A firm of 10 to 25 attorneys can typically expect premiums in the range of $3,000 to $12,000 annually for $1 million in coverage, depending on practice areas, security controls in place, and claims history. Firms handling real estate closings or M&A work will pay more because of the wire-fraud exposure.
Determining Appropriate Coverage Limits for NY Tech Firms
Setting the right coverage limit is not a guessing exercise. It requires analysis of your contract portfolio, your client base, and the regulatory environment you operate in.
Median annual premiums for New York tech firms carrying a $1 million coverage limit sit at approximately $2,000, but costs scale significantly with higher limits, larger revenue, and riskier service profiles. A $5 million limit for a mid-market SaaS firm can run $8,000 to $15,000 annually depending on claims history and the scope of services.
Evaluating Contractual Requirements from NY Clients
Your clients will often dictate your minimum coverage limits through their vendor agreements. Enterprise buyers in New York City routinely require $2 million to $5 million in tech E&O coverage, with the client named as an additional insured. Financial services clients subject to NYDFS Part 500 may impose even higher thresholds, and insurers themselves now expect specific security controls before they will underwrite a policy at those limits.
Review every active client contract and identify the highest coverage requirement. That number becomes your floor, not your ceiling. If your largest client requires $3 million and you carry $1 million, you are in breach of your vendor agreement before a claim even occurs.
Balancing Deductibles and Premium Costs in Upstate NY
Upstate firms in Buffalo and Rochester often operate on tighter margins than their NYC counterparts, making deductible selection a critical decision. A higher deductible, say $25,000 versus $5,000, can reduce annual premiums by 15 to 25 percent. But that savings disappears if you face a claim and cannot fund the retention.
The right approach is to set your deductible at the maximum amount your firm can comfortably absorb from operating cash flow without disrupting business operations. Bloc Cyber's approach to this involves reviewing the retention structure alongside sublimits and waiting periods before binding, so you understand exactly what out-of-pocket exposure each claim scenario creates.
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.
Law firm cyber coverage is not a commodity product you can purchase by checking a box on a general liability application. The risks are specific: trust account fraud, privileged document exposure, deal data theft, multi-state notification obligations, and business interruption measured in lost billable hours. Your policy needs to reflect those risks at the insuring-agreement level, with sub-limits and retentions that match your actual exposure.
Do not wait for a breach to discover that your social engineering sub-limit is $100,000 on a $1.2 million wire or that your business-interruption waiting period is 24 hours when your systems were down for a week. If you are purchasing your first cyber policy or renewing an existing one, have a specialist review the actual policy form with you. Bloc Cyber's practice is built entirely around cyber, technology E&O, and AI liability placement. You can
request a coverage review to have a specialist walk through the insuring agreements, sub-limits, and exclusions specific to your firm's risk profile before you bind.
Common Questions About Tech Insurance in New York
FAQ: Coverage Details, Costs, and Claims Process
Does tech E&O cover claims from open-source software vulnerabilities in my product? It depends on the policy form. Some forms exclude claims arising from third-party components unless you can demonstrate reasonable due diligence in vetting and maintaining those components. Check whether your form addresses third-party code specifically.
Will my tech E&O policy respond if a client sues over a missed project deadline? Possibly. If the missed deadline constitutes a failure to perform professional services as defined in the policy, the form may respond. Pure schedule disputes without allegations of negligence or professional failure are less likely to trigger coverage.
How does New York's RAISE Act affect my tech E&O needs? The RAISE Act, which establishes requirements for frontier AI model developers and takes effect January 1, 2027, creates new compliance obligations that could generate regulatory defense claims. If your firm develops AI systems, your tech E&O form should include regulatory proceedings coverage.
What security controls do I need before a carrier will underwrite my policy? Most carriers in 2026 require multi-factor authentication, endpoint detection and response, encrypted backups, and a documented incident response plan. Firms that cannot demonstrate these baseline controls will face higher premiums or outright declinations.
Can I bundle tech E&O with cyber liability? Some carriers offer combination forms. Whether bundling makes sense depends on how each insuring agreement is written. A bundled form with restrictive sublimits on the cyber side may leave you worse off than two separate, well-structured policies.
Do I need separate coverage for AI-related professional liability? Standard tech E&O forms were not drafted with AI-specific risks in mind. If your firm develops or deploys AI systems, you should confirm whether algorithmic bias claims, model failure allegations, and AI-specific compliance requirements under NYDFS Part 500 are addressed in your form or require a separate AI liability endorsement.
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
Addressing Known Issues and Exclusions
Any issue identified during diligence that is disclosed to the underwriter becomes a known issue and is excluded from coverage. This is a fundamental principle of R&W insurance: it covers unknown breaches, not problems you already know about. Buyers sometimes assume they can disclose a problem and still obtain coverage for it. They cannot. The underwriter will carve out any known matter, and the buyer must negotiate a specific indemnity from the seller or accept the risk. This is where the interplay between your diligence process and your insurance placement becomes critical: thoroughness in diligence improves your coverage, but every issue you find narrows it.
For companies that carry cyber liability or technology E&O policies, this dynamic should feel familiar. At Bloc Cyber, we see a parallel in how cyber insurers evaluate a company's security posture before binding coverage: known vulnerabilities get excluded or trigger higher retentions, just as known issues do in R&W underwriting.
Post-Incident Forensic and Legal Obligations
After a SCADA or OT intrusion, you will likely face parallel investigations: your own internal forensic team, your insurer's panel forensics firm, CISA, and potentially your state public utility commission. A coordinated attack on Minnesota water utilities demonstrated how quickly a regional incident can trigger multi-agency scrutiny.
Your policy should not restrict your choice of forensic investigators to a panel that lacks OT expertise. If the form requires you to use a pre-approved vendor, confirm that vendor has ICS forensic capability. The wrong forensic team can miss artifacts specific to industrial protocols like Modbus or DNP3, leaving you with an incomplete investigation and a disputed claim.
How much does cyber insurance cost for a small firm?
A firm of 10 to 25 attorneys can typically expect premiums in the range of $3,000 to $12,000 annually for $1 million in coverage, depending on practice areas, security controls in place, and claims history. Firms handling real estate closings or M&A work will pay more because of the wire-fraud exposure.
Making the Right Choice for Your Tech Business
Technology E&O coverage for New York firms is not a commodity product you can select by price alone. The difference between a policy that pays a claim and one that denies it comes down to how the insuring agreements, exclusions, and endorsements are drafted. Your firm's location, whether in New York City, Buffalo, or Rochester, shapes the regulatory and contractual pressures that determine what your policy needs to cover.
Start by auditing your client contracts for minimum coverage requirements. Map your service offerings against the policy's definition of covered professional services. Confirm that failure-to-perform, breach-of-contract, and negligent development claims are all within the coverage grant. Then stress-test your deductible against realistic claim scenarios.
If you are purchasing your first tech E&O policy or suspect your current form has gaps, request a policy review with a specialist who will read the actual form with you. Knowing where coverage stops before a claim finds the gap is the most valuable step you can take to protect your firm.
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.
