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

Founder Shield is a broker placing cyber with A- rated carriers for healthcare, finance, SaaS and e-commerce; Chubb underwrites Cyber ERM directly for any organization that handles sensitive data.

Founder Shield is a retail brokerage that places cyber with third-party carriers it says are rated A- or better, targeting healthcare, financial services, SaaS and e-commerce. Chubb underwrites Cyber ERM directly and quotes risks under $100 million in revenue through Cyber Central. ^5,¹

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

A-Minus Carrier Shopping Versus Chubb as the Writer

Founder Shield places Founder Shield Cyber Liability Insurance with third-party carriers rather than underwriting it, and says it uses only carriers rated A- or better by AM Best, chosen for the client's industry. Chubb underwrites Cyber ERM itself for organizations of any size that handle sensitive data or run a network or website. Choose Founder Shield if you want a broker to shop A- or better paper in healthcare, financial services, SaaS or e-commerce; choose Chubb if you want the underwriter to quote Cyber ERM. ⁴ ⁵ ²

Stated Exclusions Versus Named Endorsements

Founder Shield lists electronic-data loss, outage income, extortion payments and breach-notification costs, and says policies typically exclude stolen-IP value, internal system upgrades and possible future lost profits. Chubb offers a Widespread Event Endorsement, a Ransomware Encounter Endorsement and a 45-day neglected-software patch endorsement rather than that exclusion list. ³ ¹

Advisor Placement Versus Cyber Central

You request Founder Shield cyber through its website or an advisor; the placement team then approaches carriers. Agents and brokers quote Chubb cyber through Cyber Central or Marketplace. ³ ¹

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

Ask Founder Shield which carrier and AM Best rating apply. ⁵
Ask Chubb which group entity issues the policy. ²
Confirm the exclusions Founder Shield flags against the quoted form. ³
Ask Chubb whether ransomware and patch endorsements are included. ¹

Chubb vs Founder Shield Cyber Insurance Compared

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

Criteria	Chubb Cyber Insurance (Cyber Enterprise Risk Management)	Founder Shield Cyber Liability Insurance
Who It’s For	Chubb says there are no minimum premiums and premiums scale for all risk sizes, offers Cyber Central and Marketplace quoting for risks under $100 million in revenue, and a customizable large-account cyber risk management solution for organizations over $1 billion in revenue. ¹Company-reported. Cyber Insurance Coverage & Products page eligibility and quoting description.	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. ³Company-reported. Cyber Liability product page.
How to Apply	Agents and brokers can quote cyber alone through Cyber Central or bundled with other lines through Chubb Marketplace; multinational programs can be serviced locally in more than 35 countries. ¹Company-reported. Cyber Insurance Coverage & Products page quoting section.	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. ^4,⁵Company-reported. About-us and carrier-selection pages describe the general placement process, not a line-specific application form.
Coverage Features	Chubb lists first-party cyber incident response fund, business interruption (with contingent business interruption for outsourced technology providers), digital data recovery, and network extortion; third-party cyber/privacy/network security liability, payment card loss, regulatory proceedings and media liability; and cyber crime coverages (computer fraud, funds transfer fraud, social engineering fraud) available by endorsement. ¹Company-reported. Cyber insurance coverage list on the products page; subject to exclusions and the policy as issued. Chubb offers a Widespread Event Endorsement with separate limits and retentions for systemic cyber events, a Ransomware Encounter Endorsement that lets buyers tailor limits and retentions for ransomware losses, and a Neglected Software Exploit Endorsement that gives a 45-day grace period to patch published vulnerabilities before risk-sharing shifts toward the policyholder. ¹Company-reported. Innovative coverage concepts section; endorsement availability depends on underwriting.	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. ³Company-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. ³Company-reported. Product page; specific exclusions depend on the issued policy.
Role in This Line	Chubb underwrites Cyber Enterprise Risk Management (Cyber ERM) directly. It covers cyber, privacy and media exposures for organizations of any size that handle sensitive data or run a network or website. ¹Company-reported. Cyber Insurance Coverage & Products page, Cyber Enterprise Risk Management section.	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. ⁴Company-reported. About-us page; applies to Founder Shield's brokerage model generally, restated here for this line.