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Contractors move real money by email, on deposits, draws, and change orders. That makes construction a prime target for invoice fraud and ransomware that can freeze a jobsite. I help you find the gaps in your cyber coverage, then bring the rest of your program under one roof.
The exposure
You don't have to be a tech company to be a target. Attackers follow the money, and construction moves a lot of it, fast.
A spoofed email changes the payment details on a draw or supplier invoice. Funds leave before anyone notices, and often sit under a tiny sublimit.
Estimating, scheduling, and project files locked. A frozen jobsite bleeds money every day it's down, well beyond any ransom.
You share drawings, banking, and access with subs and suppliers. Their breach can become your liability.
Stolen bids, tender data, and client information trigger notification costs, lost work, and reputation damage.
More owners and GCs now require cyber cover in the contract. The wrong wording can leave you non-compliant on the job.
Does your current policy actually cover this, at a limit that matters? Let's find out →
A composite Canadian case
Composite cases drawn from Canadian SME claims patterns. Each had insurance. Each found the gap too late.
A project manager received a routine banking update from a supplier and paid the next draw to the new account. It was a spoof. The cyber endorsement capped social-engineering fraud at $25K.
Ransomware locked estimating and project files mid-tender. Two bids were missed and the office was down for a week and a half.
A breach exposed a general contractor's project data shared by the sub. The GC pulled future work and demanded proof of cyber cover.
The whole tower, one broker
Cyber is how we start the conversation, because it's the gap most contractors miss. But you shouldn't run your GL, your fleet, your bonds, and your cyber through three different people who never talk to each other. I place the full commercial program, so the coverage lines up and nothing falls between the cracks.
One review. One broker who sees the whole risk. Fewer gaps, and usually a cleaner price.
Review my whole programNo pressure, no obligation
Already carry cyber? I'll review it and flag the gaps for your operation. Don't have it, or want the whole program looked at? I'll walk you through your options. Either way, you'll leave knowing exactly where you stand.
Book a free 20-minute call, or use the form below:
Insurance services are provided by St. Andrews Insurance Brokers Ltd., a licensed Ontario insurance brokerage. J.R. Genua is a Registered Insurance Broker with St. Andrews. CyberInsuranceBroker.ca is an independent educational resource; no coverage is bound here.