Email fraud and breach risk reach contractors too.
Contractors handle payments, project data, and email, which makes them targets for the same fraud and breach attacks that hit any business. Cyber insurance covers the wire fraud, ransomware, and breach costs that standard policies exclude.
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Why contractors are targets
The assumption that small contractors are not targets is wrong. The most common cyber loss is not an exotic hack but everyday fraud: a spoofed invoice that redirects a payment, a compromised email that diverts a draw, an employee tricked into wiring funds. Contractors move significant money on projects, which makes them attractive, and standard policies do not cover these losses.
What cyber covers
Cyber coverage handles first-party costs, funds-transfer and social-engineering fraud, ransomware, data restoration, and business interruption, and third-party liability when client or project data is exposed. The single most important piece for most contractors is social-engineering and funds-transfer coverage, which is often optional and carries low sublimits, so it must be confirmed.
How we handle it
We match cyber coverage to how your business handles money and data, confirm social-engineering and funds-transfer coverage with a real limit, and check the basic security controls carriers now expect, like multi-factor authentication, so a claim is not denied on a technicality. Larger commercial contracts sometimes require cyber, and we confirm your coverage meets it.
Common questions.
Do contractors really need cyber insurance?
What is the most important cyber coverage for a contractor?
Does my general liability cover a data breach or wire fraud?
Do contracts require cyber insurance?
Would a fraudulent payment be covered?
Funds-transfer and social-engineering fraud is the most common contractor cyber loss and the most commonly under-covered. We check it.
Cover the fraud that arrives by email.
Tell us how your business handles money and data and we will build cyber coverage that fits.