Protect IT Business Fortunes With High Limit Insurance
Real-World Examples and Statistics
The necessity of high limit insurance is underscored by real-world incidents. For instance, the average cost of a data breach in 2023 was approximately $4.45 million1. For small to medium-sized IT businesses, such a financial hit could be devastating. High limit insurance can cover these costs, ensuring your business remains solvent.
Additionally, companies that have invested in comprehensive insurance coverage often report faster recovery times post-incident. According to a study by the Ponemon Institute, businesses with high limit insurance recover 30% faster from cyber incidents compared to those without2. This statistic highlights the critical role insurance plays in maintaining business continuity.