What Are the Key Differences Between Newfront and RiskCube Tech E&O Insurance?
Fast Market Scan vs Negotiated Wording
RiskCube compares Tech E&O across insurers for AI and machine-learning, fintech, govtech, defense, space and Web3 companies, asks for your product, customers, revenue, SLA or indemnity terms and claims history, and says it typically quotes in about 24 hours. Newfront places Tech E&O inside its Cyber Risk practice, starts with a consultation, negotiates custom language and uses proprietary data to model your limit; it notes insurers have tightened underwriting. Both are brokers. Choose RiskCube if you're in one of its sectors and need a quote this week; choose Newfront if your contracts need bespoke wording or you want help sizing the limit. [9] [8] [6] [7]
AI Excess and Stated Exclusions vs Claims Consultation
RiskCube covers software errors, SLA or contract failures, client financial losses, related data loss and defense, lists common exclusions (fraud, known incidents, patent and other IP infringement, insolvency), and can add excess for AI bias or hallucination claims and check waiver-of-subrogation terms. Newfront doesn't list exclusions or AI cover, but offers hands-on claims consultation before and after a claim, which RiskCube doesn't describe. [9] [6]
What Should You Confirm in Newfront and RiskCube Tech E&O Insurance Quotes?
- Ask both which insurer will issue your policy. [6] [8]
- Ask RiskCube whether IP infringement is excluded on your form, and how Newfront's wording treats IP claims. [9] [6]
- If you need AI excess or waiver of subrogation, get both terms in writing from each. [9] [6]
- Ask RiskCube who helps you when a claim comes in. [9] [7]