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

Both are brokers: Newfront starts with a consultation and uses modeling data to guide limits, while Founder Shield works through its website or an advisor for healthcare, finance, SaaS and e-commerce.

Founder Shield places cyber only with carriers rated A- or better. Newfront brokers Cyber Risk coverage, names Jennifer Wilson as Head of the Cyber Practice, and says its technology team uses proprietary modeling to inform limit decisions. 3,4

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

An A- Screen Versus Named Practice Leadership

Founder Shield places Founder Shield Cyber Liability Insurance only with carriers rated A- or better, chosen for your industry. Newfront's Cyber Risk practice brokers coverage: it assesses risk, negotiates placement and provides claims consultation, and you start by requesting a consultation led by Jennifer Wilson, Head of the Cyber Practice. Choose Founder Shield if the rating floor is the control you want; choose Newfront if you want a named practice head and modeling used to set limits. 3 4

Typical Exclusions Versus Hands-On Claims Consultation

Founder Shield says cyber policies typically exclude stolen-IP value, internal upgrades and possible future lost profits. Newfront says it provides hands-on claims consultation for cyber breaches, including pre- and post-loss advocacy and resolution consultation to prepare clients on breach-response protocol before a claim. One page tells you what may fall off the form. The other tells you who sits with you after a breach. 1 4

Industry Lists Versus No Size Threshold

Founder Shield calls cyber a priority for healthcare, financial services, SaaS and e-commerce. Newfront's page does not state a company-size or industry eligibility threshold; it speaks generally about evolving cyber risk and increased underwriting standards, and lists Cyber Liability, Data Breach, Technology E&O, Business Interruption, Network Security Liability and Cyber Extortion among key coverages. 1 4

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

  • Ask Founder Shield which A-rated carrier it approached. 3
  • Ask Newfront which insurer would issue the policy. 4
  • Ask Newfront what the modeling recommended for your limits. 4

Founder Shield vs Newfront Cyber Insurance Compared

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

CriteriaFounder Shield Cyber Liability InsuranceNewfront Cyber Risk Insurance
How to Apply

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. 2,3Company-reported. About-us and carrier-selection pages describe the general placement process, not a line-specific application form.

You start a cyber placement by requesting a consultation through Newfront's Cyber Risk page, which is led by Jennifer Wilson, Head of the Cyber Practice. 4Company-reported. Cyber Risk page call-to-action and Leadership section; no online quoting or binding described.

Coverage Features

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. 1Company-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. 1Company-reported. Product page; specific exclusions depend on the issued policy.

Newfront lists Cyber Liability Insurance, Data Breach Insurance, Technology Errors and Omissions (E&O), Business Interruption, Network Security Liability, and Cyber Extortion and Ransomware Coverage among its cyber Key Coverages. 4Company-reported. Cyber Risk page Key Coverages list; the page treats technology E&O as part of the same practice.

Role in This Line

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. 2Company-reported. About-us page; applies to Founder Shield's brokerage model generally, restated here for this line.

Newfront's Cyber Risk practice brokers cyber coverage: it assesses risk, negotiates coverage and placement, and provides claims consultation. It does not underwrite the policy itself. 4Company-reported. Cyber Risk offering page.

About Founder Shield and Newfront and Cyber Insurance

Related Pages for Founder Shield vs Newfront Cyber Insurance

Updated . Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. The comparison applies the same criteria to both providers. Editorial policy. To suggest a correction, contact Spot with the page URL and supporting source.

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