Beazley vs Founder Shield: How Do They Compare for Cyber Insurance?

Founder Shield is a broker placing cyber with carriers rated A- or above; Beazley sells Full Spectrum Cyber, with its in-house security unit, to accounts under $35 million.

Founder Shield brokers cyber onto carriers it says are rated A- or better, targeting healthcare, financial services, SaaS and e-commerce. Beazley underwrites Full Spectrum Cyber for accounts under $35 million in revenue with limits up to $5 million. ^7,¹

What Are the Key Differences Between Beazley and Founder Shield Cyber Insurance?

Who Places the Risk Versus Who Writes the Form

Founder Shield is a retail brokerage that places Founder Shield Cyber Liability Insurance with third-party carriers rather than underwriting it. Beazley sells Full Spectrum Cyber as its own small-business product, bound by brokers on myBeazley for accounts under $35 million in revenue and limits up to $5 million. Choose Founder Shield if you want a broker to shop carriers in healthcare, financial services, SaaS or e-commerce; choose Beazley if you want that named Beazley form and fit the revenue cap. ⁶ ⁵ ¹

Carrier Standard Versus an Unnamed Beazley Entity

Founder Shield says it places this line only with carriers rated A- or better by AM Best, chosen for the client's industry, but it does not name the issuing insurer on the cyber page. Beazley's Full Spectrum Cyber page also names no issuing insurer; only a MediaTech application names Beazley Insurance Company, Inc. on the cover. ⁷ ¹ ⁴

Coverage Lists and Stated Exclusions

Founder Shield lists electronic-data loss, outage income and extra expense, cyber extortion payments, and breach-notification and reputation-management costs, and it says policies typically exclude stolen-IP value, internal system upgrades and possible future lost profits. Beazley's sample form names Breach Response Costs, Cyber Extortion Loss, business interruption and eCrime rather than those exclusion examples. ⁵ ³

What Should You Confirm in Beazley and Founder Shield Cyber Insurance Quotes?

Ask Founder Shield which carrier and AM Best rating apply to your placement. ⁷
Ask Beazley whether cyber shares a MediaTech aggregate or carries a dedicated limit. ³
Confirm the exclusions Founder Shield flags against the actual quoted form, not the marketing list. ⁵

Beazley vs Founder Shield Cyber Insurance Compared

Beazley vs Founder Shield: Cyber Insurance: documented features by provider

Criteria	Beazley Full Spectrum Cyber for Small Businesses	Founder Shield Cyber Liability Insurance
Who It’s For	Beazley says Full Spectrum Cyber is available to accounts with under $35 million in annual revenue, with coverage limits up to $5 million, purchased by a broker through Beazley's myBeazley platform. ¹Company-reported. Full Spectrum Cyber product page eligibility paragraph; eligibility for a particular business still depends on underwriting.	Founder Shield calls cyber coverage a priority for healthcare, financial services, SaaS and e-commerce companies, citing their exposure to data breaches and business interruption. ⁵Company-reported. Cyber Liability product page.
How to Apply	Beazley says brokers can get a quote and bind Full Spectrum Cyber through its myBeazley platform for qualifying small accounts. The MediaTech application separately asks about ransomware controls such as multi-factor authentication, VPN use, patch timing and backup frequency, which affect underwriting. ^1,⁴Company-reported. Full Spectrum Cyber product page myBeazley paragraph and MediaTech application Ransomware Controls section; a completed application does not establish acceptance, and myBeazley is a broker tool, not a direct-to-business portal.	You request Founder Shield Cyber Liability Insurance through Founder Shield's website or an insurance advisor rather than binding coverage directly; Founder Shield says its placement team then approaches carriers on the client's behalf. ^6,⁷Company-reported. About-us and carrier-selection pages describe the general placement process, not a line-specific application form.
Coverage Features	The sample MediaTech cyber insuring agreements cover Breach Response Costs after an actual or suspected data breach, Cyber Extortion Loss from an extortion threat, business interruption loss from a security breach or system failure, and eCrime losses from fraudulent instruction, funds transfer fraud or telephone fraud. ³Company-reported. Sample policy form F00731, 022019 edition; the issued policy's wording and any endorsements control, and a stand-alone Full Spectrum Cyber policy may use different wording.	Founder Shield lists loss or damage to electronic data, income loss and extra expense from a system outage, cyber extortion payments, and breach-notification and reputation-management costs as the branches of cyber coverage it places. ⁵Company-reported. Product page; the issued policy and declarations control actual coverage. Founder Shield says cyber policies typically exclude loss of value from stolen IP, internal technology system upgrades, and possible future lost profits. ⁵Company-reported. Product page; specific exclusions depend on the issued policy.
Role in This Line	For small businesses, Beazley sells cyber coverage two ways: as Full Spectrum Cyber, built around its Beazley Breach Response product plus integrated risk-management services from its in-house Beazley Security unit, and as the cyber component bundled inside the broader MediaTech form alongside tech E&O, professional E&O and media liability. ^1,²Company-reported. US small-business product pages for Full Spectrum Cyber and MediaTech; does not address any larger-account cyber program Beazley may write separately.	Founder Shield is a retail insurance brokerage, described on its site as “the innovation arm of The Baldwin Group,” and places Founder Shield Cyber Liability Insurance with third-party carriers rather than underwriting the policy itself. ⁶Company-reported. About-us page; applies to Founder Shield's brokerage model generally, restated here for this line.