What is Contractors’ Cyber Liability Insurance?

Contractors’ cyber liability insurance is a specialized coverage that shields contractors from the financial fallout of cyberattacks, data breaches, phishing scams, and other technology-related risks. As construction businesses adopt digital tools like project management software, online payments, and cloud-based bidding systems, cyber protection is no longer optional—it’s essential.

Why Do I Need It?

Digital Risk Protection – Safeguards against the growing threats of ransomware, social engineering scams, and data breaches targeting small business networks, email accounts, and mobile devices.

Contract Compliance – Many project owners and general contractors now require proof of cyber coverage, especially for vendors who handle sensitive plans, client data, or digital submissions.

Client Trust – Demonstrating you carry cyber liability insurance builds confidence with clients, partners, and vendors—showing that your business takes data security seriously.

What Does It Cover?

Cyber Liability Insurance policies are built to respond to real-world digital threats, including:

Ransomware Attacks – Covers ransom payments, system restoration costs, and potential lost revenue during a shutdown.
Data Breaches – Protection for sensitive data exposure, including notification costs, credit monitoring, and regulatory fines.
Business Interruption – Reimburses lost income due to a cyber incident disrupting your operations.
Cyber Crime & Fraud – Covers funds lost through email fraud (BEC), phishing, and other social engineering scams.
Third-Party Lawsuits – Protection against lawsuits from clients or partners whose data may have been compromised.

How Much Is It?

Cyber Liability premiums are based on factors like business size, annual revenue, data storage methods, claims history, and cybersecurity protocols. Fairbanks Insurance Brokers partners with top-rated carriers to deliver affordable protection built for contractors—whether you’re solo or managing a growing team.

What Are My Payment Options?

We make it easy to protect your contracting business from digital threats with flexible payment options:

Full Payment Option – Pay the premium with one payment.
Direct Bill Option – Pay the monthly premium to the carrier directly.
Financing Option – Pay the monthly premium through a finance company.

Why Choose Fairbanks Insurance Brokers?

We’re contractor-focused and cyber-smart. At Fairbanks, we understand the real-world impact of data breaches and cyber attacks on contractors and small construction firms. That’s why we’ve curated contractors’ cyber liability programs tailored for the construction industry—at a price that makes sense.

Let us help you secure affordable cyber coverage and keep your business running safely in today’s connected world.