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Cost of Cyber Insurance
The cost of cyber insurance varies significantly based on factors such as the size of the business, the industry, and the level of coverage required. On average, small businesses can expect to pay between $1,000 and $7,500 annually for cyber insurance coverage2. Larger organizations or those in high-risk industries may face higher premiums. It's essential to compare quotes from multiple insurers to find the best coverage at a competitive price.