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

Both are intermediaries: Pie Insurance markets cyber to small businesses generally, while Founder Shield places it with A- rated carriers for healthcare, finance, SaaS and e-commerce.

Founder Shield applies an A- AM Best floor and treats cyber as a priority for healthcare, financial services, SaaS and e-commerce. Pie helps small businesses get cyber from insurance carrier partners and lists identity theft, extortion and lawsuit protection as response scenarios. ^3,⁴

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

An A- Floor Versus Unnamed Carrier Partners

Founder Shield places Founder Shield Cyber Liability Insurance only with carriers rated A- or better. Pie says it helps small businesses get cyber coverage from its insurance carrier partners, identifying itself as an intermediary rather than the underwriter, and it does not name those partners. Choose Founder Shield if you want a published rating floor; choose Pie if you are a small business that wants to start from Pie's website contact path and will confirm the carrier on the quote. ³ ⁴

Healthcare-SaaS Versus Identity-Theft Scenarios

Founder Shield calls cyber a priority for healthcare, financial services, SaaS and e-commerce. Pie markets to small businesses generally, cross-selling cyber alongside workers' compensation, commercial auto and BOP pages, and lists identity theft for an employee or customer's stolen identity, cyber extortion, and financial protection against related lawsuits. If identity theft is the scenario you care about, Pie named it. Founder Shield did not. ¹ ⁴

How You Start

You request Founder Shield cyber through its website or an advisor. Pie directs cyber buyers to contact the company to start a quote through its website. Neither describes a timed online bind. ² ⁴

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

Ask Founder Shield which A-rated carrier it approached. ³
Ask Pie to name the carrier partner for your quote. ⁴
Confirm whether stolen-IP exclusions apply on the Founder Shield form. ¹

Founder Shield vs Pie Insurance Cyber Insurance Compared

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

Criteria	Founder Shield Cyber Liability Insurance	Pie Cyber Insurance for Small Businesses
Who It’s For	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. ¹Company-reported. Cyber Liability product page.	Pie markets cyber insurance to small businesses generally, cross-selling it alongside workers' compensation, commercial auto, and BOP insurance on other small-business product pages. ⁴Company-reported. Cyber Insurance product page as read on 2026-09-23; no minimum size, revenue, or industry restriction was published.
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.	Pie directs cyber buyers to contact the company to start a quote through its website. ⁴Company-reported. Cyber Insurance product page as read on 2026-09-23.
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.	Pie describes its cyber policies as varying by business need, with first-party coverage for expenses when a business's own data is stolen or network hacked, and third-party coverage to help if the business is sued over a cybercrime affecting others. ⁴Company-reported. Cyber Insurance product page as read on 2026-09-23; the issued policy controls the specific insuring agreements and exclusions. Pie lists identity theft (for an employee or customer's stolen identity), cyber extortion (help regaining private information after an extortion event), and financial protection against related lawsuits as scenarios its cyber coverage responds to. ⁴Company-reported. Cyber Insurance product page as read on 2026-09-23.
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.	Pie says it helps small businesses get the best cyber coverage 'from our insurance carrier partners,' identifying itself as an intermediary rather than the underwriter for this line. ⁴Company-reported. Cyber Insurance product page as read on 2026-09-23.