About Cyber Insurance
What is Cyber Insurance?
Cyber Insurance protects businesses from the financial consequences of cyberattacks and data breaches. As businesses increasingly rely on technology and store sensitive data, the risk of a cyber incident has never been greater. A single breach can cost hundreds of thousands of dollars in recovery, legal fees, and lost business.
What Does It Cover?
A comprehensive cyber policy typically includes:
- Data breach response and notification costs
- Legal fees and regulatory fines
- Business interruption losses due to a cyber event
- Ransomware payment and negotiation costs
- Cyber extortion and social engineering fraud
- Crisis management and public relations support
- Third-party liability for client data exposure
Every Business is a Target
Small and mid-sized businesses are increasingly targeted because they often have weaker security systems and valuable data. Cyber insurance ensures that if the worst happens, your business can recover quickly and completely.
The average cost of a data breach for a small business exceeds $200,000. Cyber insurance is no longer optional — it's essential.